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E-commerce

Rent the Runway overhauls subscriptions as pandemic reshapes business

Rent the Runway overhauls subscription plan as pandemic reshapes business

By: Lauren Thomas
Source: CNBC
Date of Publication: September 17th, 2020
Rent the Runway is overhauling its membership plans, doing away with an unlimited rental option, as consumers change what they wear and how they shop for clothes during the coronavirus pandemic.
Lowe's launches 'Shark Tank'-like effort for small businesses

Lowe’s launches ‘Shark Tank’-like effort to get products from diverse small businesses on shelves

By: Melissa Repko
Source: CNBC
Date of Publication: September 15th, 2020
Lowe’s CEO Marvin Ellison said the company is launching a pitch contest for small businesses.
Amazon seeks to hire 33,000 people

What slowdown? Amazon seeks to hire 33,000 people

By: Joseph Pisani
Source: The Associated Press
Date of Publication: September 8th, 2020
In the latest sign of how it’s prospering while others are faltering during the pandemic, Amazon said Wednesday it is seeking to bring aboard 33,000 people for corporate and tech roles in the next few months.
Shopify, Suddenly Worth $117 Billion, Is One of the Biggest Pandemic Winners - WSJ

Shopify, Suddenly Worth $117 Billion, Is One of the Biggest Pandemic Winners

By: Inti Pacheco
Source: The Wall Street Journal
Date of Publication: September 8th, 2020
E-commerce platform has tapped into small businesses needing websites, doubling its revenue.
Why Wayfair’s Furniture Sales Exploded During the Pandemic _ Marker

The Pandemic Was the Best Thing That Ever Happened to Wayfair

By: Rob Walker
Source: Marker
Date of Publication: August 25th, 2020
But what happens to the online furniture retailer as the world opens back up?
Target Sales Jump as Pandemic Speeds E-Commerce Shift - WSJ

Target Sales Jump as Pandemic Speeds E-Commerce Shift

By: Sarah Nassauer and Suzanne Kapner
Source: The Wall Street Journal
Date of Publication: August 19th, 2020
Retailer says comparable sales rose 24% in the latest quarter, powered by a 195% surge in digital sales.
Starbucks, PepsiCo, and BMW partner to fix a global problem worth trillions

Starbucks, PepsiCo, and BMW partner to fix a global problem worth trillions

By: Nate Berg
Source: Fast Company
Date of Publication: August 6th, 2020
COVID-19 made it clear: The supply chain desperately needs an upgrade.
Growth in Online Shopping and Used Cars Lifts Carvana, Attracts Competition - WSJ

Growth in Online Shopping and Used Cars Lifts Carvana, Attracts Competition

By: Nora Naughton
Source: The Wall Street Journal
Date of Publication: August 10th, 2020
Eight-year-old internet seller isn’t yet profitable but is drawing interest from both car buyers and investors.
‘We have kept some powder dry’_ Unilever to invest heavily in ad spend as lockdowns ease

‘We have kept some powder dry’: Unilever to invest heavily in ad spend as lockdowns ease

By: Sarah Vizard
Source: Marketing Week
Date of Publication: July 23rd, 2020
Unilever cut brand and marketing spend in the first half as coronavirus restrictions hit, but as lockdowns ease it is planning to “invest heavily” behind its brands and innovations.
PayPal Doubles Down as Coronavirus Shifts Payments - WSJ

PayPal Doubles Down as Coronavirus Shifts Payments

By: Telis Demos
Source: The Wall Street Journal
Date of Publication: July 30th, 2020
As more and more shopping goes digital, PayPal’s profitability is surging. It plans to invest that windfall to shape the future of payments.