Online retail
Why you may be paying to help make the mattress industry more eco-friendly
Key Points Four states now levy an extra fee of $16 to $22.50 when consumers buy a new mattress or box spring. The fees help fund mattress recycling efforts. Oregon launched its program Jan. 1. California and Connecticut raised their fees in 2025. Other states are considering the programs, an example of “extended producer responsibility” […]
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Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
The first Wayfair brick-and-mortar store in Wilmette, Illinois, prepares to open, May 2, 2024. Scott Olson | Getty Images Wayfair is exiting the German market and plans to cut as many as 730 jobs, or about 3% of its global workforce, as it looks to focus on new growth drivers such as physical retail, the […]
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Behind Amazon’s quiet launch of Haul, which competes with Temu in ultra-low-price items from China
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China. Haul is Amazon’s answer to the booming popularity of apps such as PDD Holdings‘ Temu and fast-fashion retailer Shein. Amazon told CNBC that […]
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Online retailer Shein to hold roadshows soon ahead of London IPO, Reuters reports
The logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering, three sources with knowledge of the matter said, pushing ahead with preparations […]
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Amazon is using generative AI to drive more same-day shipping using smarter robots and better routes
For years, Amazon has set the bar for package delivery. When Prime launched in 2005, two-day shipping was unheard of. By 2019, one-day shipping was standard for millions of items. Now, the retail giant is turning to generative AI to drive more same-day shipping. Amazon is using the technology to optimize delivery routes, make more intelligent […]
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CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks’ same-store sales decline
This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, […]
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Retail return fraud is rising as key holiday deadline approaches
Deadlines loom for consumers who want to send back unwanted holiday gifts. Many retailers extend return windows for purchases made in November and December through the end of January. But in many other parts of the return process, companies have become less lenient. As more consumers shop online and send back more of those orders, […]
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From livestreaming to 'shoppertainment,' Gen Zers direct the way in Singapore's online browsing space
Logos of online social media and social networking websites shown on a smartphone display on August 01, 2023 in Bath, England. Matt Cardy | Getty Photographs News | Getty Visuals SINGAPORE — As more enterprises turn to social media to promote their goods, on the web consumers in Singapore are exploring new purchasing encounters — […]
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TikTok to devote $1.5 billion in GoTo's Indonesia e-commerce business enterprise
TikTok’s logo is shown on a cell mobile phone monitor in Ankara, Turkiye on December 5, 2023. Didem Mente | Anadolu | Getty Visuals TikTok will just take a managing stake in an e-commerce unit of Indonesia’s major tech company PT GoTo Gojek Tokopedia, a partnership that will see the shorter movie app invest $1.5 billion around the lengthy phrase, […]
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How major retailers and Covid-era nostalgia helped revive the vinyl records industry
A stack of freshly pressed gold vinyl records at United Record Pressing. CNBC This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and workers. Once considered a dying industry, the vinyl record business […]
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