Modern Retail Rundown: Amazon ignores Temu, Grubhub layoffs & Instant Pot goes bankrupt
The Modern Retail Podcast
English - June 17, 2023 04:00 - 28 minutes - ★★★★★ - 35 ratingsCareers Business Society & Culture Personal Journals Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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.reuters.com/business/retail-consumer/price-war-amazon-excludes-rival-temu-competitive-price-checks-2023-06-13/
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
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