GameStop plans to close more than 430 stores across the United States this month, The Verge reported Sunday (Jan. 11). The retailer’s fiscal year 2025 will end on Jan. 31, and the firm said in a Dec. 9 filing with the Securities and Exchange Commission...
AWS has launched the AWS European Sovereign Cloud, an independent cloud located in the European Union and designed to help customers meet the EU’s sovereignty requirements. The cloud is physically and logically separate from other AWS regions, and it features technical controls, sovereign assurances and...
The retail landscape is officially closer to 2050 than it is 2000. That is redefining the traditional roles of Amazon and Walmart as both seek to compete, win, and push the boundaries of innovation across retail and commerce. For example, one major retailer this week...
Amazon is reportedly challenging luxury retailer Saks Global’s bankruptcy filing. The eCommerce giant accuses the company of breaking an agreement on the sale of Saks products on its website, Bloomberg News reported Wednesday (Jan. 14), citing a court filing. Amazon had made an equity investment...
In the wake of the government shutdown, the delayed November retail sales report that debuted Wednesday (Jan. 14) offers a clear snapshot of how, and where, consumers were spending as the holiday season approached, revealing a familiar but important theme: online channels remained a steady...
Luxury retail company Saks Global has declared bankruptcy amid mounting debts. The company, which owns Saks Fifth Avenue stores as well as department stores Bergdorf Goodman and Neiman Marcus, entered Chapter 11 bankruptcy in Texas, it said in a Wednesday (Jan. 14) news release. The...
Amazon is reportedly seeking reduced prices from its suppliers as it deals with tariffs. The eCommerce giant has asked for discounts from suppliers of up to 30%, the Financial Times (FT) reported Tuesday (Jan. 13), citing interviews with vendor consultants who negotiate on behalf of...
Walmart’s online business is no longer defined by how far it trails Amazon, but by how quickly it is changing the structure of the retail race. That is the central insight of “Walmart Aims at Closing Amazon Online Sales Gap,” the latest edition of the...
Saks Global is reportedly set to make its second leadership transition in two weeks. CEO Richard Baker, whose appointment to that role was announced on Jan. 2, has been preparing to exit the company over the past few days, Bloomberg reported Tuesday (Jan. 13), citing...