Wayfair CEO Niraj Shah says employees need to work longer
While many executives use this time of year to thank employees for their hard work and dedication, one told his they should not “shy away from” working longer hours —…
Black Friday spending hits online record, shoppers avoid crowds
Black Friday bargain hunters shattered online shopping records, with nearly $10 billion spent online as consumers desperate for deals largely opted to avoid chaotic crowds. Buyers spent a record $9.8…
Amazon to raise free-shipping minimum for non-Prime members
Amazon has been quietly raising the amount some customers must spend on its site to get free shipping. To qualify for no-cost deliveries, some Amazon customers who don’t have Prime…
Frozen food grocery sales vs. critical cold storage supply chains
Americans love frozen food. Virtually all American households purchase frozen food at least once a year, but without resilient cold storage supply chain infrastructure, the growth and safety of the…
China’s JD.com brings back veteran to lead new grocery business
JD.com set up an “Innovative Retail” division that houses its grocery business 7Fresh. It comes as the company has undergone a management reshuffle. Bloomberg | Bloomberg | Getty Images Chinese…
Amazon Prime Day 2023 sale runs July 11 and 12
Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images Amazon will…
Who is Alibaba’s new CEO Eddie Wu and chairman Joe Tsai?
Alibaba announced a major leadership reshuffle on Tuesday, with CEO and Chairman Daniel Zhang planning to step down this year and be replaced by veterans at the Chinese tech giant.…
Alibaba CEO Daniel Zhang explains why he is stepping down in staff memo
Zhang said the decision to step down was part of his own plan. Zhang’s intentions to only focus on cloud now have been some years in the making. In an…
Alibaba to launch local version of China e-commerce site Tmall in Europe
Michael Evans, President of Alibaba Group, said that the firm will bring its Tmall e-commerce site to Europe. Chesnot | Getty Images News | Getty Images PARIS — Alibaba will…
Alibaba founder Jack Ma is ‘alive’ and ‘happy’ after China crackdown
Alibaba founder Jack Ma is “happy,” according to the company’s President Michael Evans. Te comments come as speculation about the billionaire’s activities continues following China’s crackdown on Ma’s empire. Costfoto…