Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. The malls and grocery stores of the 20th century are being converted into industrial conveyor belts of goods and services traveling from the internet to your home. The customer is no longer…
Shares of Office Depot had a 10-for-1 split on Wednesday. Retail traders jumped in, making it the largest gainer on Robinhood. A reverse split, like a stock split, doesn’t change the fundamentals. Retail traders continue making some unusual moves in the market. Their latest? Piling into shares of Office Depot (NASDAQ:ODP). Retail Traders Love Splits…
Retail sales jumped higher in May as consumers returned to stores as coronavirus lockdowns were lifted across the United States. Retail sales surged 17.7 percent compared with the prior month, according to Commerce Department data released Tuesday, easily beating expectations for an 8 percent gain. Retail sales are now down 6.1 percent compared with a…
Airline shares are rallying strongly, as early indicators are that they will fly close to 50% capacity this summer. That’s a steep rise from 20% back in April and May. The sector remains a mess, and bankruptcy is still a prospect for a segment only at half its capacity. Airline stocks offered some of the…
Teikametrics, a startup that helps retailers optimize their online ad spending, has raised $15 million in additional funding. The company launched with the goal of helping Amazon sellers advertise more effectively. More recently, it launched a similar partnership with Walmart. CEO Alasdair McLean-Foreman said that on both platforms, the startup’s Flywheel platform can improve the ad-buying…
On 3 July 2019, the United Kingdom Financial Conduct Authority (the “FCA”) published its consultation paper on a proposed ban…
More posts by this contributor Retailers and brands have both seen a tremendous shift in traditional retail dynamics, with merchants and marketplaces increasingly ceding control of the online and in-store shopping experience to the brands themselves. Democratizing access to data through new verticalized tools, however, represents a unique opportunity for retailers to leverage this trend by…
