commerce

EBay founder Pierre Omidyar has stepped down from the online auction platform’s board of directors, the company said. The billionaire tech entrepreneur resigned from the board Tuesday alongside Jesse Cohn of Elliott Management, the activist investment firm that has pushed for changes at eBay in recent years, the company announced Thursday. Omidyar and Cohn will …

What do Dressbarn, Pier 1 Imports and Modell’s Sporting Goods have in common besides bankruptcies and store liquidations? They’ve all recently been scooped up by a 43-year-old self-help guru who raises chickens and cows on a ranch in Virginia, drives a Lamborghini and a Rolls-Royce and churns out blog posts like “How humans can live …

Facebook stock climbed 2.5 percent Tuesday afternoon after the social network announced expanded shopping capabilities on its main app as well as on Instagram. Shoppers will now be able to make purchases from any business directly within the Instagram app. Previously, only certain businesses were eligible for Instagram Checkout. BigCommerce, one of the companies that …

The High Line Nine, a rectangular building nestled under the High Line in Chelsea that houses nine art galleries, was gearing up for a busy year before the pandemic. “We had a full traditional exhibition schedule for the fall,” said High Line Nine manager Christina Maxwell. “We had a full house with typical art galleries, …

When the iconic Mario’s Restaurant — a 101-year-old Arthur Avenue institution — reopened for outdoor dining at the end of June, it was a bittersweet return to the family business for Regina Migliucci-Delfino. She lost her father, Joseph Migliucci, 81, the longtime face of the Bronx restaurant, to COVID-19 in April. The night before the …

Nike said Wednesday it’s cutting jobs and shuffling its executive ranks as the sports-apparel giant shifts more of its focus to digital sales versus brick-and-mortar retail outlets, which have taken a beating amid the coronavirus pandemic. Nike didn’t specify how many of its 76,700 employees worldwide will get the ax, but disclosed on its website …

COVID-19 forced Nom Wah Tea Parlor to chart a new course through its 100th year in business — and it leads straight to your freezer. After the pandemic shuttered the Chinatown dim sum destination, owner Wilson Tang decided to try something new: Freezing Nom Wah’s famous dumplings for patrons to prepare at home. The resealable …

Walmart has partnered with Canadian e-commerce firm Shopify, as the world’s biggest brick-and-mortar retailer ramps up its efforts to capture a bigger slice of the coronavirus-driven surge in online shopping. US and Toronto Stock Exchange shares of Shopify, which have doubled in value this year and briefly made the company the most valuable Canadian company …

China urged US officials Monday to undo new sanctions against nearly three dozen companies amid growing tensions between the two nations. The demand came three days after the US Department of Commerce blacklisted more than 30 Chinese firms and government enterprises with alleged links to China’s military activities and human-rights abuses. Washington “violated the basic …

Amazon is preparing for a “Summer” Sale to lure back customers frustrated by shipping delays and other ordering woes that have plagued the online retailer during the coronavirus pandemic. Despite surging demand since the pandemic struck, Amazon has actually lost market share to rivals like Walmart and Target as weeks-long shipping delays and perpetually out-of-stock …