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Chapter 11 Filings Are Up 43 Pct YOY

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She said there could be more cuts coming due to adverse economic conditions. “We Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. The company, facing the common struggles of many old brick-and-mortar retailers such as eCommerce competition, was crippled by the pandemic.

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Paytm Hires Ex-Alibaba Exec To Ramp eCommerce Collaboration

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Indian payments startup Paytm has hired Alibaba’s head of wholesale business to steer its growth and build a stronger collaboration with the Chinese eCommerce giant. As part of its expansion strategy, the Noida, India-based company also announced its plan to increase its marketplace seller base from 100,000 to over 500,000.

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Delay Of Game: USPS Considers Massive Cuts

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Postal Service might be about to make eCommerce shipping woes even worse. According to several sources including the EcommerceBytes blog, the USPS is developing a new business plan focused on cost cutting and economic efficiency, and cuts are rumored that could delay mail and package delivery. The beleaguered U.S.

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Big Tech Compliance Tracker: EU Watchdogs Make ‘Big Tech Hit List’; France To Go Ahead With Digital Services Tax Plan

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Keijzer serves as the state secretary for economic affairs and climate policy for the Netherlands, while O is the secretary of digital transition and electronic communications for France. France Will Proceed With Controversial Digital Services Tax Plan. EU Watchdogs Create ‘Big Tech Hit List’.

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B2B Tech Startups Land Backing To Modernize The Enterprise

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As organizations accelerate their sales digitization efforts, B2B eCommerce has jumped to the top of strategic planning initiatives. According to Economic Times of India reports , this marks Mantis' first investment in India, while Y Combinator, Pioneer Fund and the founder of Teachable, Ankur Nagpal, also participated.

B2B 60
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UK Agencies Paint Stark Reality For Retail

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Even eCommerce sales have slowed to a below-average pace. Another survey released this week — this one of purchasing managers from the services sector — showed a rapid global slowdown, with the main economic index for Britain tumbling to its lowest since 1998, as reported by Reuters. The results of its survey suggest that U.K.

Retail 56
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What Serving The Internet’s ‘Underserved’ Means For Payments

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Companies such as Open Broadband are trying to seize on such opportunities — often working closely with regional and local economic development officials — to improve the internet situation. “We Even the dominating eCommerce and web services provider in the U.S. billion to bring broadband to rural communities.