Amazon doubles down on same-day delivery; eBay adopts AI

Check out this week's top headlines in retail and e-commerce.

Author

Amanda Fox-Rouch
August 04, 2023

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:

New from Retailist

The Evolving Landscape of Shopping and Marketplaces: The Surge of Non-Endemic Advertising in 2023

Paid media professionals are no longer limited to search engines and social media when it comes to advertising; instead, they must keep an eye on the growing interest in ads within shopping platforms.

Transforming Retail and Empowering Drivers: The Significance of Automating Last-Mile Deliveries

Automating last-mile deliveries offers a win-win scenario for retailers and drivers. It removes unnecessary ambiguity throughout the supply chain and makes sure that retailers, truckers, and all key stakeholders involved are more confident that a delivery will be on time.

Have an exclusive scoop on a retail story? Click here to email us.

In the News: This week’s top headlines

Amazon to double same-day delivery facilities in speed push. On Monday, Amazon announced plans to double the number of same-day delivery centers to expand its same-day delivery service in the coming years. The move is part of Amazon's efforts to compete with other U.S. based retailers, such as Walmart and Target, which are also expanding their same-day delivery offerings. [Bloomberg]

eBay implements new AI capabilities as GMV drops. eBbay is planning to roll out new AI capabilities across its platform in an effort to improve the listing experience for its sellers. Upon the publication of the second quarter outcomes last week, eBay's stocks plummeted by 10.5%. As eBay progresses with its technology-driven business transformation, their most recent earnings report did little to alleviate apprehensions of losing market share to Amazon and Walmart. [Yahoo Finance]

Lacoste launches virtual store. In collaboration with Emperia, Lacoste has launched a new digital store to display its summer collection and broaden the unique experiences related to its NFT-based loyalty program. [Retail TouchPoints]

Retail losses to reach $1.77 trillion. A recent study projects that the worldwide retail sector will experience an estimated loss of $1.77 trillion over the course of 2023, despite billions of dollars in enhancements. This research indicates that the surge in theft and organized retail crime in the U.S. and Canada has outpaced gains made in systems and processes. [Supermarket News]

Overstock.com reports YoY decrease in revenue and orders. Overstock.com reported that its revenue, AOV, and orders decreased YoY in Q2. Active customers were also down 28.8% year over year. The company attributed the decline to a number of factors, including a fall in home-related spending decrease in demand within the real estate industry. [Yahoo Finance]

Amazon announces Fresh revamp. On Wednesday, Amazon announced its plans to revamp the struggling Amazon Fresh grocery chain, including redesigned stores, the addition of new name brands to its shelves, smart shopping carts, and more. In addition, online grocery delivery will roll out to non-Amazon Prime members in select metro areas. [CNN]

CVS to lay off 5,000 corporate employees. As part of a restructuring effort, CVS Health will cut 5,000 jobs as the company focuses more on healthcare services. The cuts will reportedly affect corporate positions rather than customer-facing roles. This comes as CVS continues to enhance its healthcare offerings, with multiple acquisitions in the sector over the past two years. [Retail TouchPoints]

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

Want to submit a role to our talent board? Email [email protected].

  • Brand Success Analyst - Menswear & Fitness (New York, NY) GRAPEVINEAI - more here

  • Design Manager, Retail Architecture (New York, NY) TAPESTRY - more here

  • Senior Project Manager, Retail Development (Remote) REFORMATION - more here

  • Senior Director, Account Management - Retail & CPG (New York, NY) EPAM SYSTEMS - more here

  • Account Executive, Market Retail (Peoria, IL) COMCAST ADVERTISING - more here

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