In a response to the COVID-19 pandemic, eBay is launching Up & Running, an accelerator program designed to help retailers without an e-commerce presence transition to selling online.
As a precautionary measure, Ulta Beauty has decided that all stores will remain temporarily closed until it is safe to reopen. The company will continue to consider available guidance provided by federal, state, and local government and health officials when making decisions to reopen stores.
As retailers, large and small, continue to temporarily close their doors in the wake of the coronavirus pandemic, hydration suppliers are ramping up programs to support their partners.
Overstock has appointed Adrianne Lee as its chief financial officer. Lee will assume the role on March 31, 2020 and will oversee all financial aspects of the company, including financial planning and analysis, accounting and financial reporting, and managing tax, treasury, internal audit, and investor relations.
As the COVID-19 outbreak spreads, Amazon has alerted its marketplace and vendor partners that it will prioritize critical household goods, particularly staples and medicines, in response to developments.
Overstock has appointed Mark Baker as chief product officer of its retail shopping site. In this role, Baker will lead all product management and user experience across the company’s customer, marketing, digital experience, merchandising, and operations organizations.
Overstock has appointed Joel Weight as chief technology officer for its retail shopping site. Weight is a nine-year veteran of Overstock’s family of companies, most recently serving as chief operations officer at Medici Ventures, Overstock’s wholly owned subsidiary and blockchain accelerator.
The board of directors of Overstock has appointed Dr. Robert Shapiro to the board as of February 17. Shapiro is the chairman and founder of Sonecon, LLC, a firm advising businesses, governments and non-profit organizations on economic and security-related matters.
Bed Bath & Beyond has revealed its fiscal 2020 capital allocation strategy, including an estimated $1 billion spend balanced across capital return to shareholders, debt reduction, and reinvestment in the company’s core business operations.
Wayfair has tapped singer, songwriter, voice coach and TV host Kelly Clarkson as the retailer’s first official brand ambassador in the U.S. The partnership with Clarkson will span TV, digital and retail, and will also include a new home collection.
Amazon crushed analyst earnings estimates for the fourth quarter as full fiscal year sales surpassed $280 billion, as Jeff Bezos pointed to Prime services driving growth.