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Amazon Cutting 9,000 More Jobs; iRobot Facing Opposition

More bad Amazon news: 9,000 additional layoffs are planned on top of 18,000 previously announced, and there are efforts to block the $1.7 billion iRobot acquisition here and in the EU. On the plus side, the FTC reportedly won't block Amazon’s purchase of One Medical, but reportedly not for lack of evidence of anticompetitive behavior.

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Boxed Considers Bankruptcy, Hopes For a Buyer

Boxed, the once high-flying online answer to price clubs like Costco, BJ’s Wholesale and Sam’s Club, is considering a bankruptcy filing if it can’t find a buyer as its struggles continue 15 months after going public in a much-anticipated SPAC deal. At the same time, Boxed said it plans to lay off about 25% of its 136 employees.

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FedEx Raises 2023 Forecast as Volume Declines Moderate

FedEx on Thursday released its third-quarter earnings report, upping its full-year earnings forecast as cost-cutting measures like major layoffs and air freight cutbacks take hold, even as shipping volumes globally remain challenged, boosting its stock more than 9% in after-hours trading.

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Society Brands Looks to Step Up Acquisition Pace

Society Brands, an Ohio-based acquirer with a small-but-growing portfolio, asks its founders to stick around as brand directors, incenting them with an equity stake from a future liquidity event or IPO over the next few years as the company accelerates its pace of acquisition. The company's six brands were all acquired in 2022.

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Must Reads

REI Scores Highest on Recommerce Index

Leveraging UGC to Increase Organic Traffic
TikTok Search Ads: The Monetization Unlock
Criteo Buys Brandcrush, In-Store Media Capability

News

Liquidity Services Opens Second Pickup Spot in Cincinnati

Pitney Bowes, Hestia Put Competing Proxy Statements Forward
Cincy Brands Aims to Be the Anti-Amazon Aggregator
Amware Fulfillment Acquired by French Logistics Firm Staci
Recommerce Channel Launched By Carhartt

Podcasts

Compostable Apparel: A Conversation with Eric Liedtke of Unless Collective

Sizing Up Consumer Trends in 2023 with S&P
Gig Workers Change Considered by DOL
How Alen Expanded from DTC/Ecomm Onto Lowe’s Shelves
Ocean Shipping Reform Act: Rework Container Fee Assessment
One Broker’s View: Let’s Lift OT Exemption for Truckers

Ecommerce

Kohl’s Adding 250 More Sephora Locations

Boxed Considers Bankruptcy, Hopes For a Buyer
Amazon Cutting 9,000 More Jobs; iRobot Facing Opposition
Society Brands Looks to Step Up Acquisition Pace
Ecommerce Entertainment Equals Engagement

Marketing

Leveraging UGC to Increase Organic Traffic

TikTok Search Ads: The Monetization Unlock
Criteo Buys Brandcrush, In-Store Media Capability
5 Branding Truths That Never Go Out of Style
5 Top Martech Trends to Keep Track Of in 2023

Operations & Fulfillment

FedEx Raises 2023 Forecast as Volume Declines Moderate

REI Scores Highest on Recommerce Index
Liquidity Services Opens Second Pickup Spot in Cincinnati
Pitney Bowes, Hestia Put Competing Proxy Statements Forward
FedEx Worker Case Passed Over By Supreme Court

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Your Shipping Policy, Consumer Preferences and How to Communicate
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For A Resilient Supply Chain, Digitalization is Key
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