Story of the Week Amazon, iRobot call off $1.4 billion acquisition Amazon is no longer seeking to purchase the maker of the Roomba robotic vacuum. Amazon and iRobot have entered into a mutual agreement to terminate their acquisition agreement, originally signed in August 2022, under which Amazon would have acquired iRobot for $1.4 billion in […]
Story of the Week Macy’s could get takeover bid from buyout firm Sycamore Partners during sagging sales, job cuts Private-equity giant Sycamore Partners is exploring a possible bid to buy Macy’s – even as the iconic retail chain this week rejected an unsolicited offer from another bidding group, The Post has learned. Sycamore — a […]
Story of the Week Kroger, Albertsons merger is delayed Do not expect the $24.6 billion Kroger, Albertsons merger to happen anytime soon. The two grocers, along with C&S Wholesale Grocers, came out and said they expect the deal to become official during the first half of 2024 instead of early 2024, reports Reuters. Kroger and […]
Source: Earnest Analytics In December 2023, the e-commerce platform Zulily came to an unfortunate end. Founded in 2009, the company initially thrived as a private sale site targeting young mothers. The company grew rapidly, achieving $143 million in sales and positive cash flow by 2011, driven by its flash sale business model. Despite early […]
While the Beauty and Personal Care category has been among the strongest subsectors of Consumer over the last several years, it wasn’t immune to the woes of 2023. Last year, the two-headed monster of high inflation and high interest rates cast a gloom over the entire Consumer landscape (and the greater U.S. economy), as shoppers […]