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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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Amazon’s Parler removal shows cloud unit’s rarely used power

Parler went offline late Sunday after Amazon Web Services suspended its account, a potentially crippling blow for the social media site favored by right-wing extremists. Some extremists used the site to advocate violence ahead of last week’s riot at the U.S. Capitol. Parler responded by suing Amazon for ending the web hosting service.

Equifax to acquire Kount for $640 million

Fraud prevention vendor Kount uses artificial intelligence to spot fraudulent transactions on ecommerce sites. The acquisition will accelerate Kount’s global reach.
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