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Amazon’s Jeff Bezos Exits CEO Position; Head of AWS to Take Reins
After more than 25 years at the head of the company he founded, Jeff Bezos will step down from the CEO role at Amazon in Q3 2021. He will assume…
News February 2
Crocs Hires Former Nike Executive to Lead Americas Operation
Crocs has named former Nike VP and General Manager of Nike Women’s, North America Emma Minto as its SVP and General Manager of the Americas. Minto brings 16 years of…
News February 2
Buoyed by 11.11 Festival, Alibaba Posts Strong Q3 with Revenue Up 37%
Alibaba Group recorded revenue of RMB 221 billion ($33.9 billion USD) in Q3 2020, a period that included the annual Singles’ Day online shopping bonanza, generating a year-over-year increase of…
News February 2
Uber Purchases Drizly for $1.1 Billion
Uber will acquire Drizly for approximately $1.1 billion in stock and cash, with plans to integrate the on-demand alcohol marketplace into the Uber Eats app while maintaining a separate Drizly…
News February 2
Coresight Webinar: Why PVH, Orvis and Tractor Supply are Rethinking Post-Pandemic Supply Chains
The need for stronger, more agile supply chains was made clear during the coronavirus pandemic, after the shortages that defined its early days as many manufacturers and retailers were forced…
Features February 2
Where Online Shopping Rises, WhatsApp Follows
Ecommerce has grown exponentially over the last two decades, albeit at a fairly steady pace. With the onset of the COVID-19 pandemic in 2020, paired with renewed restrictions and stay-at-home…
Executive Viewpoints February 2
LVMH, L’Oréal Invest in Social Selling Platform Replika
Social commerce company Replika Software has closed its Series A financing round with an undisclosed amount of funding from the investment arms of luxury house LVMH and beauty brand L’Oréal.…
News February 1
ASOS Acquires Topshop Brand Portfolio for $411 Million
Online fashion retailer ASOS has acquired the Topshop, Topman, Miss Selfridge and HIIT brands from the Arcadia Group for £265 million, approximately $411 million USD. “The acquisition of these iconic…
News February 1
Report: Tru Kids Shutters its Two Toys ‘R’ Us Stores After One Year
Tru Kids has closed the two Toys ‘R’ Us outlets it opened in 2019, according to Bloomberg. The company will still operate its ecommerce site, which directs shoppers to Amazon…
News February 1
