Abbas Haleem

Orland Park

Associate Editor at Digital Commerce 360

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Articles

DHL Supply Chain North America appoints new CEO

3 days ago | digitalcommerce360.com | Abbas Haleem

DHL Group has announced a leadership change for its North American supply chain division, selecting a new CEO after Patrick Kelleher stepped down. Mark Kunar, CEO, DHL Supply Chain North AmericaKelleher has taken on the CEO role at GXO Logistics, effective Aug. 29. The new DHL Supply Chain North America CEO, Mark Kunar, will report to Oscar de Bok, CEO of DHL Supply Chain. Kunar took over the role on June 20. He was previously chief financial and chief strategy officer for the North America division.
Amazon to expand fast delivery to rural areas by end of year

3 days ago | digitalcommerce360.com | Abbas Haleem

Amazon has announced plans to reach “tens of millions of customers” with fast delivery to rural areas by the end of 2025. Its plans include reaching more than 4,000 smaller cities, towns and rural communities in the U.S. with same-day and next-day delivery. Furthermore, it said it is investing more than $4 billion to triple its delivery network by the end of next year, focusing on small towns and rural areas.
Vera Bradley makes executive changes following Q1 revenue drop

1 week ago | digitalcommerce360.com | Abbas Haleem

Apparel & Accessories retailer Vera Bradley has announced executive changes going into effect in July following a revenue drop in its fiscal Q1. The retailer’s CEO is leaving, a new chief financial officer is joining, and Vera Bradley is creating a new role of executive chairman as the current board chairman steps down. CEO Jacqueline Ardrey joined Vera Bradley in November 2022 and launched a strategic initiative to transform the retailer’s business model and brand positioning.
Online to outpace in-store grocery sales growth through 2029

2 weeks ago | digitalcommerce360.com | Abbas Haleem

Online sales will drive U.S. grocery sales growth through 2029, according to new data from Brick Meets Click. Experts expect online grocery sales to increase at a compound annual growth rate (CAGR) of 8.9% over that time frame, according to data from Brick Meets Click. That would be more than five times the 1.7% CAGR for in-store grocery sales. Brick Meets Click also forecasts that online grocery sales will account for nearly a fifth (17%) of all grocery sales by the end of 2029.
Lowe's Creator Network launches with MrBeast among first to join

2 weeks ago | digitalcommerce360.com | Abbas Haleem

Home improvement retailer Lowe’s Cos. Inc. has launched the Lowe’s Creator Network. Lowe’s launches its Creator Network with MrBeast’s curated storefront on Lowes.com. | Image credit: Lowe’sThe Lowe’s Creator Network is free to join, with the retailer announcing that more than 17,000 creators have already enrolled during its beta launch.
Dick's Sporting Goods announces acquisition of Foot Locker

1 month ago | digitalcommerce360.com | Abbas Haleem

Dick’s Sporting Goods announced its acquisition of Foot Locker in a transaction worth about $2.4 billion. Foot Locker shareholders can can elect to receive either $24.00 in cash or 0.1168 shares of Dick’s Sporting Goods common stock for each share of Foot Locker common stock, Dick’s Sporting Goods shared in a public release.
Temporary pause to tariffs on China 'a critical first step,' NRF says

1 month ago | digitalcommerce360.com | Abbas Haleem

The National Retail Federation applauded the United States and China for agreeing to a temporary pause on 125% “reciprocal and retaliatory” tariffs. In April, U.S. online and offline retail sales had grown year over year as consumers expected product prices to increase imminently as a result of tariffs, according to the NRF. Then, on May 12, the White House announced that it would modify its tariff rates for 90 days to reflect discussions with China.
Warby Parker mitigates tariff impact while growing Q1 revenue

1 month ago | digitalcommerce360.com | Abbas Haleem

Warby Parker Inc. grew revenue more than 10% year over year in its fiscal Q1, which ended March 31. Q1 marked a milestone for Warby Parker, co-founder and co-CEO Neil Blumenthal told investors on the retailer’s earnings call. It was the first time Warby Parker achieved positive generally accepted accounting principles (GAAP) net income since going public in September 2021. He attributed the success to the retailer’s “continued focus on customers,” referring both to their experience and acquisition.
UPS revenue decreases in Q1; carrier plans to lay off 20,000

1 month ago | digitalcommerce360.com | Abbas Haleem

The United Parcel Service Inc. (UPS) posted both U.S. and international revenue growth in its fiscal Q1, which ended March 31. Consolidated revenue decreased less than 1% year over year, in line with UPS expectations, CEO Carol Tome told investors in the carrier’s quarterly earnings call.
Beyond Q1 revenue drops, retailer says growth coming in 60 days

1 month ago | digitalcommerce360.com | Abbas Haleem

Beyond Inc. net revenue decreased year over year in its fiscal Q1, which ended March 31, but the retailer said it expects to transition from its restructuring phase into revenue growth in less than 60 days. “That doesn’t mean we think we’re going to make a bunch of money in 60 days,” executive chairman and principal executive officer Marcus Lemonis told investors on the retailer’s Q1 earnings call.