Big box retailers have moved mountains to prepare for the holiday season. Clogged ports and a shortage of truck drivers, among other pandemic-related challenges, have forced national retail chains to pay substantial sums to move freight by airplane and overorder goods.
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Retailers
E-commerce technology venture Bold Commerce has closed a $27 million Series B funding round.
This was led by OMERS Ventures, whose partner Laura Lenz will join the startup’s Board of Directors.
J.C. Penney Co. has tapped the consulting firm AlixPartners LLP for advice as the retail chain mulls options for managing its approximately $4 billion debt load amid shrinking revenue, according to people with knowledge of the matter.