BUSINESS Instacart to eliminate nearly 2,000 positions, upsetting union officials – USA Today

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Written by Charisse Jones

Labor advocates called on the grocery delivery platform Instacart to reverse a decision to lay off hundreds of employees, including the company’s only unionized workers.

Instacart informed employees earlier this week that it will be cutting …

By Bingyi Zeng
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Mytheresa CEO talks as valuation reaches $3 billion – Vogue Business

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Written by Kati Chitrakorn

Mytheresa, the luxury e-commerce firm, plans to focus on global expansion to take on competitors like Farfetch, says chief executive officer Michael Kliger. The company’s valuation surged to $3 billion on its first day of trading …

By Bingyi Zeng
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Petco goes public again as spending on dogs and cats soars – AP News

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Written by Joseph Pisani

NEW YORK (AP) — Petco, the pet store chain, went public again Thursday, hoping to cash in on people’s obsessions with their furry pets.

Petco’s stock, which opened at $18 Thursday, soared 63% to close at $29.40, …

By Valerie Lam
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U.S. Retail Sales Fell 0.7% in December as Covid-19 Cases Rose – The Wall Street Journal

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Written by  Harriet Torry and Sarah Nassauer

U.S. consumers cut back on retail spending at the height of the holiday season as the country confronted a surge in coronavirus infections.

Retail sales, a measure of purchases at stores, restaurants and …

By Valerie Lam
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Retailers are eager to hire if you’re a digital whizz – Reuters

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Written by Sonya Dowsett, Melissa Fares, Jacob Gronholt-Pedersen

Even as retailers lay off hundreds of thousands of workers globally in response to the pandemic, they are seeking to capitalise on a consumer rush online.

They are recruiting e-commerce experts to …

By Maria Ordonez
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