Canadian e-commerce firm Shopify Inc. will cut about 10% of its workforce July 26, as Chief Executive Officer Tobi Lutke acknowledged the company’s decision to expand rapidly coming out of the COVID-19 pandemic didn’t pay off.
July 26, 2022online shopping
Business, Logistics 
The Shopify sign at its Ottawa, Ontario, headquarters. (Justin Tang/Bloomberg News)
Shopify Will Cut 10% of Staff as e-Commerce Activity Retreats
The Shopify sign at its Ottawa, Ontario, headquarters. (Justin Tang/Bloomberg News) Business, Technology 
Bins move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, N.J. (Michael Nagle/Bloomberg)
Cyber Monday Misses Estimates on Short Supply, Weak Deals
Bins move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, N.J. (Michael Nagle/Bloomberg)Final sales for Cyber Monday fell short of estimates and didn’t surpass last year’s record as lackluster sales and scarce inventory kept shoppers from breaking out their credit cards during the start of the holiday shopping season.
November 30, 2021 Business, Technology, Safety, Logistics, Top 100 
Poultry processor Brakebush Bros. was able to keep its private fleet busy during the pandemic by shifting capacity to support other food manufacturers. (Brakebush Bros.)
Private Fleets Respond to Higher E-Commerce Demand
Poultry processor Brakebush Bros. was able to keep its private fleet busy during the pandemic by shifting capacity to support other food manufacturers. (Brakebush Bros.)Private fleet operators have been riding a roller coaster since the onset of the coronavirus pandemic in March.
August 29, 2020 Business, Technology 
Cole Burston/Bloomberg News
Shopify Nips at Amazon With Hassle-Free Shipping for Small Firms
Cole Burston/Bloomberg NewsSame-day shipping is becoming more common for online shoppers, but for smaller merchants it can be a logistical nightmare. That’s where Shopify Inc. can step in, says Ric Kostick, CEO of 100% PURE.
July 23, 2019 Business, Technology 
Getty Images
Online Sales Continue Solid Pace as Christmas Draws Near
Getty ImagesNEW YORK — In the run-up to Christmas, online shopping continues to be strong. Online sales are up nearly 18% to $110.6 billion from Nov. 1 through Dec. 19, compared with the year-ago period, says Adobe Analytics, which tracks online spending.
December 20, 2018 Government, Business, Technology 
Alex Kraus/Bloomberg News
Blockbuster Cyber Monday May Not Be Enough to Boost Market
Alex Kraus/Bloomberg NewsShoppers will spend an estimated $7.8 billion on Cyber Monday, Nov. 26 — a record — boosting a strong holiday shopping season, and Wall Street likely will shrug it off.
November 26, 2018 Business, Logistics 
A Wildberries warehouse in Russia. (Andrey Rudakov/Bloomberg News)
With Most Efficient Logistics, Wildberries Becomes Russia’s Biggest Web Retailer
A Wildberries warehouse in Russia. (Andrey Rudakov/Bloomberg News)Russia's largest online retailer, Wildberries, is run by a mother of four who founded her company in her Moscow apartment while on maternity leave from her job as an English teacher.
August 30, 2018 Business, Logistics, TCA 
Christopher Dilts/Bloomberg News
Cyber Monday Orders Are In; Retailers Now Giving Perks for Patience
Christopher Dilts/Bloomberg NewsShoppers clicking “buy” on smartphones, tablets and laptops spent almost $20 billion online from Thanksgiving through Monday. Now retailers have to turn that spending spree into a flood of cardboard boxes on their way to shoppers’ doorsteps.
November 30, 2017 Business, Logistics 
An Amazon Fulfillment Center in Robbinsville, N.J., on Cyber Monday. (Victor J. Blue, Bloomberg News)
Holiday Sales, Delivery Volume Could Smash Records
An Amazon Fulfillment Center in Robbinsville, N.J., on Cyber Monday. (Victor J. Blue, Bloomberg News)The big delivery firms are preparing for unprecedented package volumes during the holiday shopping season as retailers say they are on course to set new sales records.
November 28, 2017 Business, Equipment, Logistics 
Jerry Huddleston/Flickr
Intermodal Operators Expand in E-Commerce as Online Retailers Seek to Control Costs
Jerry Huddleston/Flickr Intermodal rail and trucking companies are competing to meet the transportation needs of e-commerce businesses while adapting to how these new supply chains differ from those of traditional brick-and-mortar retailers.
July 13, 2017