Day 1: Amazon Prime event spurs $7.9 billion in U.S. ecommerce sales

Nearly 40 retail CEOs left their posts in the first seven months of this year, with six executives leaving in July alone, according to a recent report from Challenger, Gray & Christmas. That marked a 100% increase from the same period a year ago, when 19 CEOs in the industry left. Across all industries in the first half of the year, the number of CEO departures jumped 9% to 1,358, marking the biggest year-to-date total since Challenger began keeping track in 2002.

New York Post Media Group, a subsidiary of Rupert Murdoch's News Corp., will launch a new daily Los Angeles-based newspaper called The California Post in early 2026, the New York Post's editor-in-chief Keith Poole told Axios. Why it matters: It's a ripe market, and one in which NYPMG — home to the New York Post, Page Six and Decider — already has a leg up. Los Angeles is home to the second-largest concentration of Post readers, per News Corp. The vast majority (90%) of the Post's digital readership lives outside of New York. Zoom in: The California Post will look and feel similar to its New York counterpart — delivering journalism, entertainment and celebrity gossip, sports news, local news, and opinion — with an edgy voice. The outlet will also feature national coverage from the New York Post that's relevant to a West Coast audience.

It’s been a seven-decade-long run, but Ikea is formally saying goodbye to its printed catalog. The decision was announced Monday (Dec. 7) as the Ikea brand continues to shift itself to digital, according to published reports. At a peak four years ago, Ikea distributed 200 million catalogs worldwide in 32 languages. The BBC once reported that the Ikea catalog was the world’s largest publication, with more copies printed than either the Bible or the Quran. Of course, it’s not surprising that a retailer looking to focus on digital is exiting print. The same trend has been underway for the past decade or so in mass-market publishing. Print runs of books, newspapers and magazines have been more or less continuously on the decline as consumer preference for digitized content grows in the mobile era. What’s perhaps eye-catching in Ikea’s case and for the world of catalog publishing in general is how inconsistent that pullback actually seems to be when one looks at retail. For every Ikea that pulls out of the printed-catalog business, there seems to be a digital brand that’s pushing forward with a new physical catalog all its own. click read more below for the full article