commerce

Target Corp’s quarterly online sales surged 141 percent due to panic buying in the coronavirus crisis, the retailer said on Wednesday, driving results past Wall Street expectations even as its operational costs soared. The company said it had set aside nearly $500 million to spend on maintaining safety standards at stores and pay employees higher …

Walmart said it’s shutting down Jet.com, just four years after it shelled out $3.3 billion to buy the online grocery startup in a bid to compete with Amazon. The world’s biggest retailer scooped up Jet.com — founded in Hoboken, New Jersey, by e-commerce pioneer Marc Lore — in 2016 in a bid to beef up …

Amid the carnage of the US employment report for April was one bright spot: Superstores led by Walmart, the world’s largest retailer, added more than 90,000 jobs. Overall, roughly 20.5 million people lost their jobs in April, the Labor Department said on Friday, a wipeout of jobs at a rate not seen since the 1930s. …

JCPenney is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major US retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the matter. A bankruptcy filing would cap a long decline …

Hundreds of Amazon warehouse staffers are staying home on Tuesday in protest of their work conditions during the coronavirus pandemic, according to labor groups. Some 300 workers across more than 40 Amazon facilities in California, Texas, Wisconsin, Florida and New York, among other states, signed a pledge to not work on Tuesday, Zachary Lerner, a …

Delivery business DHL is struggling to cope with a flood of parcels from online purchases due to the coronavirus crisis, forcing it to cut back extra collections from retailers in Germany, parent company Deutsche Post said on Thursday. A Deutsche Post spokesman said that the extra pick-up trips to retailers had been reduced nationwide, adding …

Amazon said on Monday it plans to hire 75,000 more people for jobs ranging from warehouse staff to delivery drivers as the coronavirus epidemic kept Americans locked in their homes and demand for online orders surged. With shoppers clearing out shelves in fear of quarantines or product shortages, retailers are racing to keep food and …

Pan-dammit, the employment numbers for March were truly shocking! That doesn’t understate what can be said about the employment report for last month that was released by the Labor Department Friday morning. It was so shocking, in fact, that it’ll make the experts reconsider how bad the job numbers are going to get in the …

Amazon has started asking customers to cooperate with a Department of Justice criminal investigation of third-party sellers on its e-commerce marketplace, according to an e-mail seen by Reuters. The company is informing customers, who may have purchased products from such sellers, according to the e-mail, which was sent by Joell Parks, a senior law enforcement …