FACEBOOK RECOMMITS TO COMMERCE, WALMART EARNINGS, AMAZON A CONTENDER FOR JC PENNEY

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  1. Facebook is making another run at building a shopping empire called ‘Shops’ — and this time it has the direct involvement of Mark Zuckerberg. Story by Kurt Wagner.
  2. Walmart’s e-commerce sales shot up by 74% in the first quarter as customers stayed at home and shopped online during the pandemic. Coverage from Melissa Repko.
  3. Amazon is said to be a contender for either all or parts of J.C. Penney, according to an exclusive report by WWD. Reporting from Marianne Wilson.

Source: Facebook’s Zuckerberg Recommits to Commerce With ‘Shops’ | Yahoo Finance

Source: Walmart earnings soar as e-commerce sales jump, shoppers flock to stores | CNBC

Source: Report has Amazon in talks with J.C. Penney; bankrupt chain to close 242 stores | CSA

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