E-commerce giant Amazon.com Inc.’s North American sales increased 9% year over year to $95.5 billion in the third quarter.
Amazon touts benefits of regional fulfillment and delivery model to help drive its first-quarter revenue to $143 billion.
In this edition: Misfits Market moves to fulfillment, Interstate Cold Chain gets new equipment, and avocados are the Super Bowl winners.
Houston-based Vroom is closing two facilities in Texas and laying off 515 workers as part of a nationwide restructuring.
The Federal Trade Commission and 17 state attorneys general filed suit against Amazon.com on Tuesday, alleging the e-commerce giant used its monopoly power to “inflate prices, degrade quality and stifle innovation for consumers and businesses.”
“The most effective way to address supply chain congestion is to move inventory closer to the end customer,” said Deliverr co-founder and CEO Harish Abbott.
A new study has found that while online sales are driving up revenue for grocers, many are losing money on e-commerce and struggling with building a path forward.
