Instacart revealed that it would lay off about 250 employees, or approximately 7% of the company, as it restructures, according to a letter to shareholders.
Fourth quarter revenue increased 11.9% from $83.8 billion in the prior year period, while revenue for the full year was up 10.9% compared to the prior year.
Three-in-four consumers still feel concerned about rising prices, even as inflation moderates, according to Deloitte’s 2024 U.S. Retail Industry Outlook.
Amazon ended the year with better-than-expected fourth-quarter earnings and revenue, helped by a record-breaking holiday season and ongoing efforts to cut costs.
