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The News, Commentary & Events that Shaped Commerce This Week
week of 10/19/2018 |
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| Wayfair Launches New Membership Program |
| Wayfair, looking very Amazon-ish, has launched a new paid membership program called MyWay that for $29.99 a year gives customers access to benefits like exclusive sales, discounts on installation and assembly services, free shipping and next-day delivery with no minimum order threshold. …» |
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| Walmart to Acquire Bare Necessities, Continues Brand Shopping Spree |
| Walmart, refusing to slow down, announced the acquisition of Bare Necessities, adding an online intimates retailer to its list of ecommerce properties. This news comes hot on the heels of the retail giant’s October purchase of plus-sized fashion retailer Eloquii. Here is why Bare Necessities fits well into Walmart's group of acquired ecommerce brands. …» |
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| Amazon Research Project Reportedly Testing Robotic Picking Arms |
| Amazon is reportedly experimenting with robotic arms that can visually identify items on a conveyor, pick them up using a compressed air vacuum gripper and place them on a table or shelf. At the same time the company says publicly the state of the art isn't there yet to handle the wide variety of products it stores and sells.…» |
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| Retail Icon Sears Files for Chapter 11 Bankruptcy Protection |
| At long last and after several failed efforts, Sears Holdings is filing for Chapter 11 bankruptcy protection and embattled CEO Eddie Lampert, who tried unsuccessfully to prop up Sears with his own money, will step down but stay on as chairman. Here is a look at what remains and the steps Sears took to try to avert its bankruptcy fate. …» |
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| Trump Moves to Pull U.S. from Universal Postal Union |
| The Trump administration has announced plans to withdraw the United States from the Universal Postal Union by January 2020. The move is an effort to counteract below-market parcel shipping rates that China has enjoyed for years to the competitive disadvantage of U.S. merchants.…» |
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| eBay Sues Amazon for Alleged Illegal Recruiting of Sellers |
| eBay has filed a lawsuit against Amazon claiming the ecommerce giant has been using illegal tactics to lure sellers away from the rival marketplace since at least 2015. The complaint was filed today in Santa Clara County Superior Court in California. …» |
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