ecommerce

Retail
Report: Amazon Delays Prime Day Until October

Amazon is reportedly postponing its key shopping event, Prime Day, until at least early October due to the coronavirus pandemic, according to media reports.

Retail
Report: Amazon To Buy Startup Zoox

According to a recent media report, Amazon has reportedly agreed to buy self-driving startup Zoox Inc. in a deal worth more than $1 billion that gives the company options to use autonomous technology in either ride-hailing or its delivery network.

Retail
Instacart Gains New Funding To Expand Growth Plans

Instacart has raised $225 million as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart continues to experience a surge in customer demand for grocery delivery and pickup.

Retail
Overstock Taps Nettles As Independent Director

The board of directors of Overstock has appointed William Nettles as a new independent director. Nettles is a co-founder and managing partner of Invictus Growth Partners, a private equity firm located in San Francisco that invests in and advises automation-enabled technology companies.

Retail
Amazon Leasing More Cargo Planes

Air Transport Services Group, a provider of medium wide-body aircraft leasing, air transportation and related services, has agreed to lease 12 additional Boeing 767-300 converted freighter aircraft to Amazon.com Services.

Financials
Lifetime Brands Navigates Pandemic In Q1

Lifetime Brands has reported a decrease in consolidated net sales, with a net loss for the quarter ended March 31. The company noted that the loss in part was the result of brick-and-mortar store closings and supply chain disruptions earlier this year as a result of the coronavirus pandemic.

Financials
Best Buy Q1 Results Better Than Expected

While reporting a sales decline, Best Buy’s first quarter was better than expected, despite the retailer temporarily shifting to a contactless curbside-only operating model for all its domestic stores during the coronavirus pandemic.

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