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Alibaba reshuffles its CFO, commerce heads as challenges grow

Alibaba Group Holding Ltd. is replacing its long-standing chief financial officer and reshuffling the leaders of its commerce businesses, the most notable management changes since the Chinese firm survived a bruising antitrust investigation. Toby Xu will succeed Maggie Wu as chief financial officer from April 1, the company said in a statement late Sunday. Wu…

Why some brands stick with marketplaces despite inventory woes

While many retailers and brands are short on inventory this holiday season, some remain committed to selling on marketplaces. They say the risk of losing placement when things return to normal is too great. Supply-chain snafus are wreaking havoc across retail this holiday season. But online marketplaces likely will still offer a wide selection as…

A marketplace for independent brands and retailers raises $400 million

Faire Wholesale—which connects 300,000 retailers with 40,000 brands in categories ranging from home décor and food products to apparel and jewelry—says it will use the new funding to build its staff, improve its website features, and expand internationally. Faire Wholesale—which connects 300,000 retailers with 40,000 brands in categories ranging from home décor and food products…

Cyber Monday spending was reportedly down due to early shopping

Cyber Monday sales were down 1.4 percent year over year, according to a report from Adobe Analytics. Shoppers spent $10.7 billion this year, $100 million less than the $10.8 billion consumers spent in 2020. “Consumers were not waiting around for discounts on big shopping days like Cyber Monday and Black Friday” Amazon’s holiday shopping report…

Android 101: How to stop location tracking

Location tracking can be very handy — it’s convenient when an app can tell you, say, where the nearby restaurants or gas stations are — but it’s also a privacy issue. Do you want all your wanderings registered by Google? Are you comfortable knowing that Mark Zuckerberg’s minions know where you are at all times?…

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