Sports Authority Inc. on Wednesday filed for chapter 11 bankruptcy protection and said it would close 140 stores, as the big-box chain struggles with a shift to online shopping. The retailer, which has about 450 stores, could shut down in the coming weeks unless it finds a buyer for the rest of its business, according […]
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Amazon said its fulfillment service for merchants delivered more than 1 billion items to customers in 2015. E-commerce giant Amazon handled the warehousing, packing, and shipping of 1 billion items last year for merchants that are part of its fulfillment program. That detail, one of a number that Amazon revealed on Tuesday, shows the huge […]
Walmart, whose supercenters once transformed the way Americans shop, announced on Friday that it would close a record number of stores in the United States and overseas, as it fights to hold its ground in a retail landscape under siege by the behemoth Amazon. The giant retailer, based in Bentonville, Ark., said in a […]