Bed Bath & Beyond is back, this time as an online retailer
The online retailer Overstock.com said in late June that it was dumping its name online and it will become Bed & Bath & Beyond, which declared bankruptcy earlier this year.
The online retailer Overstock.com said in late June that it was dumping its name online and it will become Bed & Bath & Beyond, which declared bankruptcy earlier this year.
The sales fall during the Christmas period, the four months to the end of December, was partly due to longer delivery times, said Boohoo, and its UK market, where sales were also down 11%, was against a tough comparative period, as last year, COVID-19 meant shoppers favoured online orders.
The Seattle-based online retailer last week said it would cut more than 18,000 roles, impacting its e-commerce and human resources organizations - the latest in a series of layoffs to affect the tech industry.
The online retailer has been bracing for likely slower growth, as soaring inflation forces businesses and consumers to cut back spending. That, coupled with a strong greenback, dragged Amazon's shares about 50% lower in 2022.
The US anti-trust body's iRobot review is wide-ranging and would include both head-to-head competition and whether the deal would illegally boost Amazon's market share in both the connected device market and the retail market in general.
The deal, removing from its books a loss-making business that had become a distraction for the Swiss luxury group, was welcomed by analysts and Richemont shares were up 2.2% in morning trading.
The company's Q1 revenue was up 41 per cent YoY to Rs 1,148.4 crore vs Rs 817 crore in the June quarter of the last fiscal year.
Sikaria is leading some of the new initiates at the Walmart-backed company. He led the acquisition of used smartphone seller Yaantra and Cleartrip. He is also in charge of leading Flipkart’s monetisation efforts, which includes the advertisement business.
Amazon is reportedly facing a looming crisis: It could run out of people to hire in its US warehouses by 2024, warns a leaked internal research from mid-2021 as per a report in Recode. This may derail the online retailer's service quality, growth plans and its dominance in the e-commerce market, says the report quoting the memo.
The world's largest online retailer is seeking to stave off a potential European Union fine that could be as much as 10% of its global turnover with its offer, Reuters reported last year.
At the ETRetailTech Summit 2022, Nandita Sinha, CEO, Myntra talks about her journey with the brand, growth strategies, vision for the next 3 years, and the rise of trends such as social commerce and influencer selling in India.