The troubled retailer said its online growth "leaves us well-positioned to fuel our brands going forward" but its shares sank 5.5%.
Treasurer Mike Lenz will replace Graf as FedEx faces the challenge of adapting to increased ecommerce deliveries.
“We are proud of the progress we have made over the past few years, and believe we have a long runway for growth ahead of us."
Consumers made $2.9 billion in purchases from their smartphones, a record for mobile sales.
“In the past few weeks it became clear that I was not on the same page as my new board,” CEO Devin Wenig tweets.
The e-commerce platform believes 6 River's Chuck robots will increase the speed and reliability of its AI-powered fulfillment network.
The toy maker is investing in its retail and digital businesses to "create a strong foundation from which to grow in the long term."
The online marketplace is paying $275 million in cash for the music seller, which will continue as a standalone company.
The e-commerce giant joins rival Tencent in becoming a major CICC shareholder as both firms eye opportunities in fintech.
The grocery store operator and the drugstore chain are combining to create a retailer with 4,350 pharmacy counters and $83 billion in annual revenue.
The bookseller's Q1 loss narrowed to $10.8 million but it continues to struggle amid Amazon's dominance of the book industry.
“For a little while, [Target] seemed to have lost its way but now appears to be getting back into that 'Tar-jay' mode."
