Target reported solid sales for the fiscal second quarter, but profits plunged nearly 90% after the retailer was forced to slash prices to clear unwanted inventories of clothing, home goods and other discretionary items.

Xiaomi this week introduced CyberOne, a humanoid robot that looks set to take on Tesla Bot.

Labor unions have successfully stopped plans for new Amazon delivery centers across the Bay Area. Now they’re trying to do the same in downtown San Francisco.

E-commerce shares plunge as the high street pulls off an unlikely post-lockdown renaissance

In a statement to CNBC, the retail giant described the layoffs as a way to “better position the company for a strong future.”

The social media app has said users will be able to purchase fresh food items directly from brands such as Pasta Evangelists, The Veg Box Company and The Fish Society.

China’s Alibaba is getting closer to being removed from American stock exchanges in response to Beijing’s refusal to let U.S. inspectors examine the company’s audits

Despite the mounting challenges facing the economy – inflation, supply chain bottlenecks, labour shortages and high government deficits – Vancouver magnate Jim Pattison is keeping a positive perspective.

After growing 20% since 2019, online shopping has stalled as COVID curbs ease.

Six customer fulfillment centers now operational under Ocado partnership

The Walton family fortune fell US$11.4 billion on Tuesday after Walmart Inc. slashed its earnings outlook for the second time this year.

Faced with an inventory glut and overflowing DCs, companies weigh options like liquidation sites, Amazon markets, and in-store fulfillment.

The big-box retailer said everyday necessities are eating up more of household budgets and leaving shoppers less money to spend on items they want, such as new clothing.

Alphabet reported weaker-than-expected earnings and revenue for the second quarter. The stock rose more than 4% in extended trading.