Office Depots parent, ODP, has concluded that a sale of its retail and consumer-facing e-commerce operations to Staples or a joint venture is preferable to a full takeover, according to a letter reviewed by The Wall Street Journal.
Makeup sellers like Sephora and Ulta must walk a fine line between stores and e-commerce as the pandemic continues to influence consumer behavior.
While many grocers have relied on the delivery services technology as the pandemic drove consumers online, some chains are concerned about Instacarts fees and other aspects of the partnership.
U.S. retail spending edged higher last month despite the ongoing coronavirus pandemic as a surge in online shopping boosted sales, according to data from Mastercard.
The delivery giant recently imposed volume restrictions on Gap, Nike and some other large retailers, as the pandemic-driven surge in online shopping puts pressure on its capacity.
The online furniture seller has booked its second consecutive quarterly profit after straight quarterly losses ever since its 2014 market debut.