Amazon is delivering a direct blow to Etsy with the announcement of its Handmade Gift Shop. Serving as a separate storefront, it stocks thousands of handcrafted items for special celebrations and milestones.
IKEA reported full-year earnings of EUR 34.1 billion, and plans to test “open-source” design and full-range town-center showrooms as part of its efforts to adapt to rapidly changing consumer shopping habits.
Columbia was awarded $3.018 million in damages for the infringement of its Omni-Heat reflective patent. Seirus continued to sell its infringing product after a judge granted Columbia motion in August 2016.