The fashion resale platform raised $168 million with its initial public offering on Thursday, achieving a valuation of around $1.3 billion. Shares began trading at $18.25 on Friday, up 30% from their listing price.
After the department store chain accused the beauty retailer of trying to back out of a contract by not reopening its shop-in-shops when J.C. Penney stores open again, Sephora has hit back with a motion to dissolve.
Changes include the removal of the home page link to Amazon's daily deals section, the removal of Mother's Day and Father's Day promotions, and a reduction of the number of coupons available on its site.
Amazon.com is temporarily blocking third-party sellers from using FedEx Corp’s ground delivery network to handle Prime shipments as it strives to hit accelerated delivery deadlines this holiday season.
The U.S. Federal Trade Commission is considering asking a court to stop Facebook from moving ahead with plans to integrate its WhatsApp, Instagram and Messenger subsidiaries, The Wall Street Journal reported on Thursday.