Target Corp fell short of its own expectations for holiday season sales on Wednesday, reporting a drop off in online growth and demand for toys and electronics that sent a shiver through the wider U.S. retail sector.
Walmart will consolidate advertising sales for its stores and websites, it said on Tuesday, aiming to boost profits from, as the world’s largest retailer competes with marketing titans Amazon and Google.
The B2B wholesale e-commerce platform announced on Wednesday that it has received $15 million in Series C financing, funds that the company said it will put toward accelerating product innovation and growing its team.
Koovs continues to be lossmaking but its losses are reducing as margins improve and its recent funding round has left it confident of future growth in a market where only 1% of sales currently happen online.
Koovs reported a better set of results for the first half as it sold more full-price product and boosted brand awareness. But profits remain elusive and the company must close a funding round to generate marketing cash.
Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's push into populous Southeast Asia and its first head-on battle with its Chinese rival, Alibaba Group Holding.