Amazon reported $2.9 billion in Q3 net profit, up more than 1,000% from the $256 million net profit generated a year earlier — marking the fourth straight quarter when the company has cleared profits of at least $1 billion. But even after posting record profits, revenue and Q4 outlook still…

Sears has taken a lot of negative press leading up to and ever since its bankruptcy, but the company’s demise has overshadowed the financial struggles of another major retailer fighting to stay afloat. Neiman Marcus has been in talks with a group of creditors in recent weeks in an attempt…

Tastemade, a digital lifestyle and food network and studio that also sells cooking materials, home and travel gifts, has secured a $35 million Series E funding round with Amazon contributing a share. The amount of capital Amazon invested has not been disclosed. As Amazon continues to create original programming through its own studio and grows as a content provider, Tastemade offers an interesting complement to the e-Commerce giant’s other media offerings. The Tastemade TV linear streaming network features more than 200 hours of original programming and already is available on Amazon Prime video, as well as other streaming services such as YouTube TC, Roku, Apple TV, Philo and the Tastemade App.

Springbot has raised $15 million in a funding round led by North Atlantic Capital. The solution provider will use the investment to continue developing solutions that support the growth objectives of SMB retailers.

Instacart has raised $600 million as part of a financing round led by D1 Capital Partners. The online grocery delivery company, which has raised $1.6 billion to-date, will use the funds to recruit engineers and product development talent, expand its presence in North America and increase awareness of Instacart at retail partner stores. Instacart can currently reach more than 70% of U.S. households and 50% of Canadian households through its network, which includes more than 15,000 grocery stores across 4,000 cities. The delivery service’s retail partners include Kroger, Aldi, Loblaw, Sam's Club, Sprouts Farmers Market, Publix, Albertsons and Walmart Canada. "The U.S. is nearly a $1 trillion grocery market, and last year we saw almost every major grocer in North America bring their delivery business online in a significant way,” said Apoorva Mehta, CEO and Founder of Instacart in a statement. “We believe we're in the very early stages of a massive shift in the way people buy groceries, and we expect that one in five Americans will be shopping for their groceries online in the next five years." However, Instacart will face significant competition , including from first-party delivery networks: Amazon expanded Whole Foods delivery to 10 additional cities…

Allbirds, the footwear retailer known best for selling wool sneakers, has raised $50 million in funding led by T. Rowe Price. With the funding, Allbirds is now valued of $1.4 billion, according to The Wall Street Journal. Tiger Global and Fidelity Investments also participated in the round. The digital native, with flagship stores in San Francisco and New York City, already has plans to open eight more stores in the U.S. and is opening its first London store next week. The funding will assist the retailer in expanding both its brick-and-mortar store presence and its international shipping capabilities. Allbirds reportedly is seeking to open a store in Asia as well, although there has been no indication where it would be built. The company currently ships to locations across the U.S., New Zealand, Australia and Canada, and plans to ship throughout the UK in 2019.

The long and seemingly inevitable road to bankruptcy has finally come to an end for Sears. The 132-year-old retailer, one of the most iconic brand names of the 20th century, filed for Chapter 11 bankruptcy to reorganize debt and will close and liquidate 142 unprofitable stores by year-end. The retailer…

Sears Holdings has hired advisers to prepare a Chapter 11 bankruptcy filing that could come as soon as this week, according to The Wall Street Journal. Additionally, the company has contacted banks to arrange the debtor-in-possession financing necessary to operate during the filing, according to CNBC. Sears has a $134…

H&M is investing $20 million in Klarna, a Swedish bank and online payment solution provider. The investment equals a stake of less than 1% in the company. With the partnership, H&M will implement Klarna across all channels as a means to further integrate its digital and physical stores, the two companies said in a joint statement. The partnership, which spans 14 European countries including the UK and Sweden in its first phase, will go live in 2019. The deal could expand to the U.S. and Asia at some point, Klarna first told the Financial Times.