Upexi Inc. (NASDAQ: UPXI) has acquired the remaining 45% interest in Cygnet Online LLC with 1,200 active SKUs of branded OTC products. Cygnet has been selling on Amazon.Com, Inc. (NASDAQ: AMZN) Amazon for many years, focusing on the OTC, supplements, and beauty markets. The deal closes the week of May 15th with structured cash payments equaling $1.95 million over the subsequent 12 months. Cygnet reported sales of over $29.5 million in calendar 2022. Upon closing, UPXI will have full ownership of Read More...
The Wall Street Journal
Online Shopping’s Fast-Delivery Race Is Slowing Down
Julia Belkin does plenty of shopping online, ordering goods from kitchen sponges to workout apparel, but she’s not buying into the e-commerce push to get orders into consumers’ hands in the fastest way possible. “If it’s something like home décor, furniture, if it’s a really good bargain, I will wait as long as it takes,” said Ms. Belkin, a 28-year-old content marketer in Brookline, Mass. Ms. Belkin frequently orders deeply discounted items on e-commerce site Temu, run by China-based PDD Holdings even though shipping can take up to three weeks.
