US: latest retail news and insights | ESM Magazine

Alibaba Makes Second Biggest Quarterly Share Repurchase Worth $4.8bn

Alibaba Group has bought back shares worth $4.8 billion (€4.5 billion) in the quarter ended March, the Chinese e-commerce giant said, in its second bi...

US Cyber Monday Sales Hit Record $12.4bn On Big Discounts: Report

Deep discounts on everything from beauty products and toys to electronics have enticed US shoppers to splurge on Christmas purchases and ring in a record $...

Instacart Shares End Up 12% On Debut After Initial Pop

Instacart's shares ended up 12% in their Nasdaq debut on Tuesday, failing to hold onto an intraday gain of as much as 43%, days after SoftBank's Arm Holdin...

Grocery Delivery App Instacart Aims For Up To $7.7bn Valuation In US IPO

Instacart is aiming for a valuation of up to $7.73 billion (€7.2 billion) in its initial public offering in New York, the grocery delivery service sai...

Instacart Reveals IPO Filing, Disclosing PepsiCo Investment, Profitability

Grocery delivery service Instacart said its core business turned profitable after making public its filing for a long-awaited stock market launch, while al...

Alibaba's Global E-Commerce Arm Weighs US IPO: Report

Alibaba Group Holding Ltd's international online shopping unit is exploring a US initial public offering, Bloomberg News reported on Thursday citing people...

EuroCommerce And NRF Release White Paper On Transatlantic Data Transfers

EuroCommerce and the National Retail Federation (NRF) have released a white paper on transatlantic data transfers, urging institutions on both sides of the...

Self-Driving Startup Gatik Strikes Deal With Kroger

Self-driving trucking startup Gatik will double its workforce by year end, a top executive said, after it announced a deal on Wednesday with grocer Kroger...