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Modern Retail Rundown: Amazon ignores Temu, Grubhub layoffs & Instant Pot goes bankrupt
Manage episode 366306182 series 3406044
On this week's Modern Retail Rundown, we discuss why Amazon is not including shopping app Temu in its competitive pricing algorithm. Then, a look into the state of food delivery apps in the wake of reported layoffs at Grubhub. Finally, we look into the news that Instant Brands -- the maker of the Instant Pot -- is filing for bankruptcy.
News cited:
https://www.wsj.com/articles/grubhub-to-lay-off-about-15-of-staff-85e87595
https://www.fastcompany.com/90892020/doordash-q1-earnings-2023
https://www.nytimes.com/2023/06/15/business/instant-brands-bankruptcy.html
472 ตอน
Manage episode 366306182 series 3406044
On this week's Modern Retail Rundown, we discuss why Amazon is not including shopping app Temu in its competitive pricing algorithm. Then, a look into the state of food delivery apps in the wake of reported layoffs at Grubhub. Finally, we look into the news that Instant Brands -- the maker of the Instant Pot -- is filing for bankruptcy.
News cited:
https://www.wsj.com/articles/grubhub-to-lay-off-about-15-of-staff-85e87595
https://www.fastcompany.com/90892020/doordash-q1-earnings-2023
https://www.nytimes.com/2023/06/15/business/instant-brands-bankruptcy.html
472 ตอน
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