DoorDash has ended its four-year partnership with Walmart, saying the split will enable it to focus on its long-term customer relationships. DoorDash works with retailers, like Albertsons and Macy’s, and thousands of restaurants across the globe, creating a marketplace for consumer discovery and advertising for its partners.
Sales at discount retailers rise when shoppers feel cash-strapped: But what consumers are buying is changing as Dollar General and Dollar Tree both see consumers shift to need-based purchases.
Instacart will now deliver large items like furniture: The company’s new ‘Big & Bulky’ service builds on its core competency and gives delivery people on its platform an additional way to earn money.
Square sellers in the UK can now offer Clearpay online and in-store—building on the Afterpay rollout in the US and Australia.
Despite falling sales, Dick’s Sporting Goods is bullish: But Macy’s is taking a conservative view as inventory and demand challenges continue to hurt profits.
Mercado Libre is Latin America’s biggest ecommerce player by far, but competition from local players is heating up.
Macy’s is making moves. It’s expanding its Toys R Us shop-in-shops to every Macy’s location and will open four smaller-format off-mall stores this fall.
Inflation may hinder consumer spending during the holidays: Nordstrom is the latest retailer to lower its forecast for the rest of the year due to softening customer demand.
Here’s an outlook on how franchises will fare in the coming months.
Pinduoduo plans US expansion as China’s economy slows: The ecommerce platform hopes to follow Shein’s blueprint for success, but Amazon’s dominance could stifle growth.
Gap turns to logistics as its retail business falters: The retailer is offering other brands its supply chain capacity and know-how to offset declining sales.
eBay’s growth depends on its ability to dominate narrow niches: That’s why it is buying TCGplayer, an online marketplace for collectible trading card games such as Pokémon.
China’s slowing economy is taking its toll on retail companies: While JD.com topped expectations in Q2, it still posted its slowest year-over-year revenue growth on record.
Instacart’s IPO appears on track: The company’s Q2 revenues reportedly grew 39% and the number of orders placed on its app rose 25%.