Ecommerce

Amazon CEO Andy Jassy said the company has been trying to "streamline" costs while also trying to invest in areas they they believe will impact the company in the long term.

DoorDash announced that it will lay off more than 1,200 employees in order to reduce operating expenses that, "if left unabated – would continue to outgrow our revenue."

National Retail Federation (NRF) CEO Matt Shay stressed concerns over the potential rail strike saying it 'would be devastating for our economy at a time like this.'

Cyber Monday spending reached a record high of $11.3 billion this year as retailers doled out heavy discounts in order to drive demand, according to new data.

Black Friday online sales came in at 9.2 billion, setting a record with toys and tech items boosting sales.

Black Friday online sales are expected to hit a record with total receipts between $9 billion and $9.2 billion.

Inflation is impacting holiday shoppers this year. The month between Thanksgiving and Christmas represents about 20% of the retail industry's annual sales.

FOX Business spoke to Harley Finkelstein, president of Shopify, which allows small businesses to grow rapidly online in the e-commerce space — he anticipates a very strong holiday shopping season.

A majority of holiday shoppers plan to have at least one package delivered this shopping season. However, this means they need to be wary of porch pirates.

Consumers have already collectively spent $72.2 billion for online goods throughout October as early holiday deals kicked in to help ease the financial strain on shoppers.

The National Retail Federation estimated Thursday that sales growth will range between 6% and 8% which is down from last year when sales growth was around 13.5%.

Amazon shoppers will be able to purchase products online and through its mobile app using Venmo for the first time just ahead of the holiday shopping season.

Amazon workers in a town near Albany, New York are voting on whether to join the Amazon Labor Union, which nabbed its first win last April on Staten Island.

Peloton announced a partnership with Dick's Sporting Goods -- its first move into brick-and-mortar stores just ahead of the upcoming 2022 holiday season.

Amazon is preparing for a busy October and holiday shopping season, boosting hourly pay in order to attract more workers.

The Federal Trade Commission says Amazon executives Jeff Bezos and Andy Jassy must testify in a probe into Prime's policies involving how customers sign-up and cancel the service.

Walmart is looking to boost clothing sales and is launching a more realistic virtual try-on tool, making it easier for online shoppers to make a purchase.

The e-commerce giant is launching a new hub for exclusive deals on NFL-licensed content and hosting special VIP experiences for "Thursday Night Football."