Business
Online deals: How e-commerce sales are holding up

Online deals: How e-commerce sales are holding up

After the indulgence of Thanksgiving, millions of Americans will spend today relaxing, eating leftovers, watching sports and — perhaps — indulging in some retail therapy on one of the busiest shopping days of the year. Many brave the malls and shops themselves, while others click to buy from the comfort of their home using a laptop or phone — but just how much of total retail shopping is actually done online?

The answer is actually only about ~15%, although that figure typically rises during this time of the year, according to data from the US Census Bureau.

Have to be there

Needless to say, e-commerce got an enormous boost during the pandemic, with its share of retail sales reaching a peak of 17% in Q1 2020, when we were confined to our homes.

But, as the pandemic faded, shops and stores re-opened, and the world got back to something resembling normal, the share of stuff bought online did something surprising: it fell. Indeed, the 17% figure from 2020 is, so far, yet to be matched... proving that, sometimes, you just have to be there to buy.

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GM has reportedly rehired more than 100 former Cruise employees, 18 months after shuttering the robotaxi unit

GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

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