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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

A few days before reporting Q2 earnings, Wish also announced plans to cut approximately 34% of its workforce, or about 255 employees, in order to “refocus the company’s operations.” Temu also operates as a manufacturer-to-consumer marketplace and offers a wide range of merchandise, from homewares to apparel.

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Instacart expedites omnichannel retailing

Mass Relators

SAN FRANCISCO — Buoyed by the recent boom in omnichannel retailing, Instacart is redoubling its efforts to cement a central role in the marketplace, extending existing relationships with retail partners, establishing new ones, and expanding the scope of activities to include services that directly touch what goes on inside the store.

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Amazon’s Q2 revenues beat expectations

Mass Relators

billion included in non-operating expenses from the company’s common stock investment in Rivian Automotive Inc. Operating income is expected to be between $0 and $3.5 That compares to net income of $7.8 billion in last year’s second quarter. billion and $130.0 billion, compared with $4.9