Office Depot parent The ODP Corporation is splitting its B2B unit from its chain of brick-and-mortar stores. In retail, floral delivery upstart UrbanStems just closed a round of funding and is on pace to see its busiest week ever due to a surge of Mother’s Day orders. And in dining, eateries stepped...
CVS has managed to eclipse its year-ago pandemic-fueled retail sales, as the healthcare company reported an increase in visits to its website as the ranks of its loyalty program have expanded. And CVS rival Walgreens is rolling out countrywide same-day delivery for retail merchandise that doesn’t carry a minimum purchase requirement. All...
Estée Lauder reported that “soft demand” for makeup and continued coronavirus outbreaks across the globe crimped its newest results, but it reported rises in online sales in the Americas and its European eCommerce business. In retail technology, the potential for unattended retail keeps expanding in today’s era of social distancing....
Amazon reported record quarterly sales and profits as the ranks of its Amazon Prime membership program surged. In retail, consumer products company Newell Brands said that demand for its home, cooking and stationery products remains formidable with no slowdown in sight. And in corporate payments, the ability to support electronic B2B payments has changed...
eBay reported an increase in revenues and gross merchandise volume (GMV) for the last quarter, although the digital marketplace anticipates that post-pandemic growth will slow. In retail, Colorado-based soona is aiming to disrupt digital content with quick and professionally produced photos and videos at a portion of the regular cost....
California-based social media platform Pinterest is moving more toward commerce in hopes of making it easier for users to buy the images they post. In digital commerce, online shopping platform Shopify is focusing on navigating the rotation back to offline retail. And in consumer finance, the onset of the pandemic brought about...
GameStop has raised funds through the sale of new shares of stock, which the firm says will be used to keep accelerating its transformation and for general corporate purposes. In earnings, Hasbro reported a quarterly surge in eCommerce revenues, while sales dropped in its newly expanded TV, film and entertainment unit...
Snapchat parent Snap Inc. has set its sights on social commerce following its earnings report last week. In retail, merchants are encountering a pricing problem as they look for new ways to pass along the rising expenses of shipping, wages and raw materials. And in recurring payments, subscription services have managed to thrive...
Skechers benefited from the pandemic-era walking trend with record quarterly results. In retail, Walmart and Amazon are each providing new services and developing new technology designed to attract and retain customers. And in financial innovation, open banking’s reach has grown significantly since U.K. financial regulators first required the country’s largest banks to start letting...
