Alibaba on the rise, Amazon announces second Prime Day

Check out this week's top headlines in the Retailist Roundup.

Welcome to the Retailist Roundup - your go-to spot for hot-off-the-press news, job opportunities and updates in ecommerce, retail, and DTC brands, brought to you directly from our editors.

We've sifted through the noise and picked out the most impactful headlines, cutting-edge trends, and audacious predictions from global retail leaders. Let’s dive in and see what caught our eye this week:

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In the News: This week’s top headlines

Amazon-owned One Medical begins opening new locations: Amazon is opening new locations of primary care provider One Medical, which it acquired earlier this year, marking a significant move into the healthcare space. [ABC]

UPS drivers to average $170,000 in pay and benefits resulting from new deal: The CEO of UPS announced that, under a five-year contract agreed upon with the Teamsters last month, drivers will receive an average of $170,000 in pay and benefits. This agreement, which successfully averted a strike, is currently in the midst of a ratification vote. [CNBC]

Alibaba announces largest revenue jump since 2021: On Thursday, Alibaba announced that their revenue grew 14% YoY, with revenue from international commerce surging 60%. [CNBC]

Amazon sets a second Prime Day in October: For the second year in a row, Amazon will run a second Prime Day event in October to set off the holiday shopping season. Last year was the first time that Amazon ran a second Prime Day event, and the move sent other retailers scrambling to compete. [Retail Dive]

Etsy shares drop 13%: Etsy shares plummeted over 13% last week. The drop followed the announcement of promising second-quarter results along with a forecast for third-quarter revenue and gross merchandise sales which was less optimistic. The company’s CFO cited the resumption of student loan payments in the fall as a potential financial strain on consumers leading to less discretionary spending. [CNBC]

Target to add Starbucks to curbside pickup: In an effort to increase sales and customer loyalty, Target has announced plans to add Starbucks offerings to its curbside pickup service in 1,700 of its U.S. stores by October. [CNBC]

J. Crew names Adrienne Lazarus president of the Madewell brand. Lazarus, a 30-year veteran of retail and DTC companies, will join Madewell in September. [WWD]

Job Board: This week’s Top Openings in DTC, RetailTech, and more

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Retailist Magazine is an outlet focused on modern commerce as it relates to digital innovation. The publication examines our culture’s ever-evolving relationship with marketing, commerce and traditional retail. Our goal is to connect our audience to quality content and award programs for retail brands to tell their story of innovation. The publication was launched in Summer 2020 with overwhelming support from thought leaders across the globe.

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