Amazon's Black Friday; BJ's launches retail media

Amazon touts 'biggest ever' Black Friday weekend

While it didn’t release exact figures, Amazon said the Turkey 5 was a record-breaking shopping weekend, with more than $1 billion in sales for US small businesses alone. Plus, The Current has a look at revenue generated from all of the email and SMS messages sent with Klaviyo, as well as the results from home goods retailers like Wayfair and Ace Hardware.

DoorDash lays off 1,250 employees to rein in operating expenses

DoorDash is the latest company to cut back after aggressive hiring amid the high demand period of the pandemic. “Our business has been more resilient than other ecommerce companies, but we too are not immune to the external challenges and growth has tapered vs our pandemic growth rates,” wrote CEO Tony Xu. – TechCrunch

Disjointed checkout can cost retailers sales

Ecommerce payments have a growing number of components. More payment methods are necessary, and cross-border sales bring their own complexity. All the while, the goal is to ensure a smooth checkout that doesn’t leave abandoned carts. BlueSnap CEO Ralph Dangelmaier talked to The Current about how payment orchestration brings all of this together in a unified experience.

Key inflation measure rose 0.2% in October, less than expected

New this morning: The Fed’s favored Personal Consumption Expenditures price index showed signs of cooling inflation in October. It comes after Federal Reserve Chair Jerome Powell said in a speech on Wednesday that the central bank could begin moderating rate increases as soon as this month. Elsewhere in Washington, Congress stepped in to likely avert a rail strike that threatened more supply chain chaos. – CNBC

This Week in Retail Media: Instacart Promotions, BJ's network launches

Today brings the newest retail media network onto the scene, as BJ’s Wholesale Club worked with Microsoft PromoteIQ to launch BJ’s Media Edge. Plus, Instacart is adding new self-serve capabilities to set up coupons and Stock Up & Save offers that will result in more promotions across the marketplace.

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