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The News, Commentary & Events that Shaped Commerce This Week
week of 10/11/2019 |
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FedEx Adds Returns Service at Walgreens Stores Nationwide |
With returns such a huge piece of the ecommerce experience, FedEx is making it easier by adding return services at thousands of Walgreens stores nationwide next month in a partnership expansion. FedEx’s returns technology, launched in 2018, allows returned items to be dropped off, inspected, packed and in some cases processed.…» |
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Robotic Arm Startup Osaro Raises $16 Million in New Funding |
Osaro, a San Francisco startup that makes robotic arms for ecommerce picking as well as vision and control software that can be integrated with other robotic solutions, has raised $16 million in a series B round, according to various reports. Early investors include former Facebook president Sean Parker and PayPal founder Peter Thiel.…» |
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Rent the Runway Back Up and Running After Logistics Snafu |
Rent the Runway is back up and running after a supply chain and inventory issue occurred the first week of October. The subscription company is once again accepting new subscribers a week ahead of the date it had originally planned. Here is a statement from Rent the Runway about how it handled everything. …» |
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Not a Good Week for Walmart |
It has not been a good week for Walmart or Marc Lore, its CEO and president of its U.S. ecommerce division. Walmart is reportedly selling personal shopping service Jetblack to outside investors, selling its online woman’s apparel brand Modcloth to Go Global Retail and is trimming staff at men’s apparel retailer Bonobos.…» |
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