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The News, Commentary & Events that Shaped Commerce This Week
week of 2/14/2020 |
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| Peapod Shuts Down Midwest Operation to Focus on East Coast |
| Ahold Delhaize USA said it plans to close the Midwest division of its Peapod online grocery delivery business to focus on expanding operations in the more lucrative East Coast, where most of its stores are located. Dutch-based Ahold said the Midwest operation of Peapod represented $97 million of the $1.1 billion in online sales in the U.S.…» |
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| FedEx Diverting Some Express Packages into Ground Network |
| FedEx is diverting some Express deliveries into its less expensive Ground network to drive efficiency and build ecommerce package density after parting ways with Amazon in 2019, according an internal memo obtained by the WSJ. FedEx will redirect residential Express packages to Ground as they get close to their destination.…» |
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| NYSE Owner's eBay Acquisition Was On, Then Quickly Off |
| The Intercontinental Exchange (ICE), owner of the New York Stock Exchange, announced plans to acquire eBay’s marketplace business in a deal estimated at $30 billion. Two days later, the potential deal was off. The reason for the reversal? Investors pushed back hard, apparently. Here's how the back-and-forth broke down.…» |
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| Consumer Data Not Exposed in Estée Lauder Data Breach |
| A Jan. 30 data breach linked to cosmetics giant Estée Lauder exposed more than 440 million records, but none apparently contained customers’ payment information or privileged information about employees. This follows recent data breach events at Visa and children's clothing retailer Hanna Andersson.…» |
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| E-Grocery Penetration Expected to Hit Double Digits by 2024 |
| E-grocery penetration in the U.S. reached 4.5% of the overall food/beverage market in 2019, according to figures from Deutsche Bank cited by e-fulfillment technology provider Fabric, after hovering around 2% for years. It’s expected to exceed 10% by 2024 and hit 12% the following year.…» |
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| Brandless Goes Away, A Rare Stumble for SoftBank |
| Direct-to-consumer (DTC) retailer Brandless, which sold beauty products, non-GMO snacks and everyday items under its own non-brand austere label in a radical departure from the norm, is halting operations. Brandless is laying off 70 employees and retaining 10 to fulfill remaining orders, which stopped being accepted Feb. 10.…» |
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| featured jobs |
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