Will Meta’s Threads App Hold Space for E-Commerce?
Within the first 24 hours of its launch, Meta’s Threads app surpassed 30 million sign-ups, and as of July 10, it already has over 100 million registered users.
Schumer asks FDA to investigate Logan Paul’s PRIME energy drink
U.S. Senator Chuck Schumer has asked the Food and Drug Administration (FDA) to investigate Logan Paul’s PRIME energy drink, citing concerns about its high caffeine content and whether it is safe for young people. The drink contains 200 milligrams of caffeine per 12 ounces, which is nearly twice the amount of caffeine in a can…
Amazon partners with travel site Priceline in a first for Prime Day
Amazon is partnering with the travel booking site Priceline for the first time to offer Prime Day travel deals on products like flights, hotels, and rental cars. The partnership will allow Prime members to book travel through Priceline at exclusive prices. For example, Prime members will be able to get an extra 20% off Priceline’s…
Neiman Marcus and Schiaparelli collaborate on West Coast boutique
Neiman Marcus and Schiaparelli have announced a collaboration to open a boutique dedicated to the French fashion house on the West Coast in Neiman Marcus’s Beverly Hills store. This boutique is designed to be an immersive experience that embraces the brand’s aesthetic with whimsical and surrealist details. This is the first Schiaparelli boutique on the…
Walmart Invests in Tech To Stay Ahead of the Competition
Retail giant Walmart is constantly investing in new technology to stay ahead of the competition.
All the major retailers have started using Meta’s new Threads platform — except Costco
Nine of the top 10 retailers in the United States have joined Meta’s new social media app, Threads, with the notable exception of Costco. Some of the retailers that have already joined Threads include Macy’s, Kroger, Nordstrom, Target, and Walmart, and they are using Threads to reach a younger audience and promote their brands. Costco’s…
Amazon has lost market share for the Prime Day shopping holiday it invented. Walmart is setting itself up for a bigger slice of those sales.
Walmart is planning to compete with Amazon Prime Day with a four-day shopping event called Walmart+ Weekend that will take place July 10-13, 2023, and offer discounts on a variety of products, including electronics, home goods, and apparel. Walmart+ members will have early access to the deals, but anyone can take advantage of the discounts…
MLB All-Star Game, baseball cards, are first big test of Fanatics livestream shopping experience
Fanatics, a sports merchandise retailer, is using the MLB All-Star Game as a test run for its livestream shopping platform. The platform allows fans to purchase merchandise from their favorite teams and players while watching the game live. Fanatics plans to start with trading cards for this beta test but says this is just a…
Shein is trying to broaden its appeal by luring luxury brands like Stuart Weitzman and Paul Smith to sell products on its marketplace
Shein, a Chinese fast-fashion retailer, is offering major incentives to attract luxury brands, including free advertising and no commission for the first three months. As a result, customers can now buy products from Stuart Weitzman, Paul Smith, and other high-end brands on the marketplace for higher prices than Shein’s typical fast-fashion merchandise. Shein is hoping…
An Amazon manager who stole almost $10 million with fake invoices and used the money to buy a house, a Tesla, and a Lamborghini was jailed for 16 years
Kayricka Wortham, a former Amazon manager, was sentenced to 16 years in prison for creating fake invoices for vendors that did not exist and stealing millions of dollars from the company. Wortham worked as an operations manager at an Amazon warehouse in Smyrna, Georgia, between August 2020 and March 2022. She used the money to…
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