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Amazon keeps buying pricey jets after promising a drone fleet

Despite creating algorithms to anticipate shoppers’ needs and opening all those warehouses, Amazon can’t meet its one- and two-day shipping pledge to customers without an ever-expanding fleet of pricey jets. That reality has become clearer since the pandemic fueled a surge in online shopping.

Walmart loses Marc Lore, architect of its ecommerce revival

Lore will stay on as a strategic adviser through September. The retailer didn’t name a new executive to inherit the U.S. ecommerce business that generates more than $25 billion in sales and has been responsible for a good chunk of Walmart’s growth in recent years, especially during the pandemic, as more shoppers migrate online.
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Resident raises $130 million

The parent of mattress brands Nectar and DreamCloud Sleep plans to use its new funding to expand its retail footprint and strengthen its fulfillment and data platform to better serve its customers.

Christopher & Banks files for bankruptcy

The chain struggled in recent years, racking up losses as ecommerce focused rivals boomed. The pandemic made matters worse
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