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Walmart Settles Opioid Claims for $3.1 Billion
Walmart has agreed to a $3.1 billion settlement framework to resolve substantially all lawsuits (current and potential) by state, local and tribal governments related to the opioid crisis. According to…
News November 15TV Commerce: 3 Ways to Make Shopping Click for Consumers
Selena Gomez fans may love her wardrobe in Only Murders in the Building, but those who want to buy clothes like the ones she wears — or products advertised during…
Executive Viewpoints November 15New Shopping App TRYO Aims to Make AR Try-On More Accessible to Consumers and Brands
3D and AR design studio QReal is moving deeper into direct commerce with the launch of the new multi-brand, multi-category shopping app TRYO. With more than 500 items at launch…
News November 14NYT: Amazon Could Lay Off as Many as 10,000 Employees in Corporate and Tech Jobs
Amazon reportedly plans to lay off as many as 10,000 employees in corporate and technology jobs starting as soon as this week, people familiar with the matter told The New…
News November 14Amazon Debuts Next-Generation Drone Design and Fulfillment Robot
Last week at the inaugural Delivering the Future event, Amazon welcomed the outside world to its new robotics manufacturing facility, BOS27, in Westborough, Mass. But the 350,000-square-foot facility — which…
News November 14H&M, Kering, Stella McCartney Join Support for Forest-Friendly Supply Chains
Major retail industry players including H&M, luxury brand holding company Kering and Zara parent company Inditex have agreed to purchase 550,000 metric tons of sustainable alternatives to materials sourced from…
News November 14Sally Beauty to Close 350 Stores By Year End
Sally Beauty Holdings will close 350 stores, many within the U.S., during December 2022 as the retailer continues efforts to improve its profitability. The company also noted that it would…
News November 14NJBIZ: American Dream Reaches Deal with Lenders for 4-Year Extension on Loan Repayment
American Dream owner Triple Five Group has reportedly reached a deal with lenders to get a four-year extension for repaying its $1.7 billion in construction financing loans, according to NJBIZ.…
News November 14Semafor Report: TikTok Quietly Launches In-Platform Shopping in the U.S.
TikTok has reportedly launched its much-discussed ecommerce platform, TikTok Shop, in the U.S., according to Semafor, allowing U.S. TikTok users to make purchases directly on the platform rather than linking…
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