The retail CEO shuffle continues

Ecommerce platforms see big opportunity in enterprise

BigCommerce is shifting the focus of sales and marketing teams to established brands and retailers. Shopify is touting the growth in recurring revenue from clients of Shopify Plus, and training consultants from Ernst & Young on its systems. These are signs that ecommerce platforms see enterprise growth as an opportunity. They see a future in not only helping businesses get started in ecommerce, but also in serving larger clients at scale.

Meta laying off more than 11,000 employees: Read Zuckerberg’s letter announcing the cuts

As Meta moves today to reduce the size of its workforce by 13%, CEO Mark Zuckerberg became the latest tech leader to cite a misplaced bet on the ecommerce growth of the pandemic becoming permanent: “Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that,” he wrote. – CNBC

New CEOs are stepping in at adidas, Puma, Levi's, Bath & Body Works

The shuffling continues among retail CEOs. The CEO of Puma is heading to adidas, while Kohl’s longtime top executive is set to move to Levi Strauss. Plus, this week’s On the Move has updates on C-level appointments at Mondelez, Rothy’s, LTK and Cotopaxi.

How online grocer Thrive Market is thriving

With a subscription model and a stable of private label brands, Thrive Market has built a health and sustainability-focused grocery business that reaches beyond the major metro areas. While it has built operational advantages with its own fulfillment, the cofounders have no plans to open a brick-and-mortar store at this time. – Winsight Grocery Business 

Retail imports continue to slow as supply chain issues resolve

The easing of supply congestion was visible last month as the line at ports off the coast of Los Angeles were down to four ships. Now, this comedown is showing up in the data. NRF and Hackett Associates’ Global Port Tracker reports that import volumes at the nation’s largest ports remained down in September from their peak in May. A big reason: Retailers ordered holiday merchandise well ahead in order to get in front of any potential bottlenecks.

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