Cross-border automotive trading platform Trade X has announced it will open a trade route in Mexico and allow that country’s dealers and fleet owners to trade with their peers in Canada and Nigeria. The company will also open other corridors to Mexico in the future...
Netherlands-based multinational grocery retailer Ahold Delhaize is seeing its loyalty bets pay off in the United States. In a presentation to analysts Wednesday (Nov. 9) accompanying its third-quarter 2022 earnings release, the grocery giant said its U.S. arm, ADUSA, has seen its loyalty programs bring in more...
As declining technology stocks have hacked the value of investor Tiger Global Management’s public stocks this year, the company has also slashed the value of its private stock in tech firms. Tiger Global — one of the largest tech investors in the world — invested...
Direct-to-consumer (D2C) clothing and footwear retailer Allbirds saw a lift in its most recent quarter as the addition of a record number of physical stores helped drive sales. In its Tuesday (Nov. 8) earnings report, the company said it opened six stores in the United...
In its ongoing quest for profitability, luxury resale platform The RealReal said Tuesday (Nov. 8) that it has overhauled its commission structure and will charge more for low-priced transactions that have typically resulted in losses. The announcement came as part of the company’s third-quarter earnings...
In some ways, the current inflation-recession prediction cycle is reminiscent of the guessing game of 2020, in which consumers and businesses spent loads of mental energy speculating on how long the pandemic would last, with their outsized fears ultimately proving to be correct. Today, consumers...
In a bid to capture the voice commerce users of tomorrow, Amazon has rolled out a suite of new features in its Alexa ecosystem, including devices that look and talk like owls and dragons. The latest move comes as Amazon looks to connect with young...
With continuing supply chain challenges affecting both the brand and its wholesale customers, footwear manufacturer Wolverine Worldwide reported Wednesday (Nov. 9) that both revenue and profit came in below expectations for the quarter ended Oct. 1. “We are facing congestion in our own U.S. distribution...
Social media platform TikTok has reduced its revenue target for the year by as much as $2 billion amid flagging advertising and eCommerce sales. The goals were slashed by 20% by CEO Shou Zi Chew during a meeting in September, the Financial Times (FT) reported...
