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 …
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 …
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, …
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 …
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 …
