Amazon CEO Andy Jassy on June 21 named a new head for the company’s troubled retail business, which is dealing with a glut of warehouse space after a massive expansion during the pandemic.

Walmart Inc. announced plans to build what it said would be a “high-tech” fulfillment center in Joliet, Ill., which is 45 miles southwest of Chicago.

Big retailers rushed to build up inventories last year amid soaring consumer demand and transportation bottlenecks — going so far in some cases as to rent their own cargo ships. Now, they’re trying to figure out how to sell all their stuff.

Walmart soon will expand its drone delivery program across six states: Florida, Arizona, Arkansas, Texas, Utah and Virginia. Drone hubs will be set up at 34 sites by the end of the year.

Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased.

Food service distributor Sysco Corp. and Daimler Truck North America jointly announced Sysco’s letter of intent to deploy 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026.

NEW YORK — Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain.

NEW YORK — An appeals court in New York dismissed New York Attorney General Letitia James’ lawsuit against Amazon over its coronavirus safety protocols and a former employee who led the successful union organizing effort on Staten Island.

Amazon.com Inc. will close six Whole Foods Market locations in four states, almost two months after shutting dozens of bookstores and gift shops around the country.

Amazon .com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic activities. The shares plunged about 10% in extended trading.