Modern Retail Rundown: Amazon ignores Temu, Grubhub layoffs & Instant Pot goes bankrupt
The Modern Retail Podcast · Digiday
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Show Notes
On this week's Modern Retail Rundown, we discuss why Amazon is not including shopping app Temu in its competitive pricing algorithm. Then, a look into the state of food delivery apps in the wake of reported layoffs at Grubhub. Finally, we look into the news that Instant Brands -- the maker of the Instant Pot -- is filing for bankruptcy.
News cited:
https://www.wsj.com/articles/grubhub-to-lay-off-about-15-of-staff-85e87595
https://www.fastcompany.com/90892020/doordash-q1-earnings-2023
https://www.nytimes.com/2023/06/15/business/instant-brands-bankruptcy.html