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A new era for Amazon as Jeff Bezos hands over CEO role

In an internal letter to Amazon.com employees yesterday, Jeff Bezos announced that he will be stepping down as chief executive of the company in the third...
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Urban Outfitters announces disappointing holiday sales, group CEO departure

Urban Outfitters, Inc. reported total company net sales for the two months ended December 31, 2020, decreased 8.4 percent over the same period last...
Billie razor

The government just blocked another razor startup from getting acquired

The Federal Trade Commission announced it would sue to block Proctor & Gamble’s purchase of razor and body care company Billie on December 8th, citing P&G’s...
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Alibaba in crosshairs of growing antitrust scrutiny in China

Alibaba Group Holding Ltd.'s dominant position in the online retail and digital payments markets make it the most likely target of growing antitrust scrutiny...
caleres

Caleres to close 133 Naturalizer stores in shift to digital

Dive Brief: Shoe seller Caleres plans to close 133 stores under its Naturalizer women's footwear brand by the end of fiscal 2020 and pivot to a digital...
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Senreve appoints chief operating officer and new board members

Luxury handbag brand Senreve has named Jenny Oh as its new chief operating officer, effective November 11, alongside the appointment of two new board...
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5 retailers winning despite the pandemic

The coronavirus pandemic disrupted virtually every segment of the retail industry and created an incomparable sense of uncertainty. Between dealing with both supply and demand...

Under Armour faces investigation into accounting practices

Under Armour is under investigation by the Securities and Exchange Commission and the Justice Department over its accounting practices, particularly around whether the retailer...

What’s different about Levi’s

The brand has defined American denim since the 19th century by remaining a pioneer. Now Wall Street will have a say in its...

GameStop lost $673M last year

GameStop on Tuesday reported that in its fourth quarter, which had one less selling week than the year-ago quarter, total global sales fell 7.6%...

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American Express expands small business perks as it reportedly falls under federal investigation

Dive Brief: Days before The Wall Street Journal reported federal investigators were looking into American Express' sales to business owners, the company introduced more incentives...
Mastercard

Digital Shift Leads Mastercard To Take Contactless Payments To The Cloud

If the sky’s the limit for contactless payments, which the pandemic has certainly shown, and if the technology is deployed across mobile devices ......
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M-commerce payments boosted by coronavirus effect on eWallets

The coronavirus pandemic’s massive boost to digital wallet services in the offline arena with OEM Pay has been a key driver here. The two single...