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Amazon narrows list of headquarters cities to 20 finalists

Amazon.com narrowed the field of cities for its proposed new headquarters to 20, with New York, Boston, Chicago, Miami, Washington and Austin, Texas, among the contenders. Seattle-based Amazon solicited proposals in September for its second corporate sea...

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Judith McKenna is named president and CEO of Walmart International

Wal-Mart Stores Chief Operating Officer Judith McKenna on Wednesday was named president and chief executive of its international unit effective February 1. The role is seen by many as a stepping stone to the top job at the world's largest retailer, with ...

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Walmart takes on opioid crisis in free disposal program

Walmart said it will provide customers filling prescriptions for opioids with a packet of powder that will help them dispose of leftover medication in order to help curb misuse and abuse. The company said patients filling any new class II opioid prescrip...

Read on Reuters>
Walmart chief: Retail is about change, customer experience a team sport

Walmart President and CEO Doug McMillon may have a huge to-do list on his plate given the competitive nature of retail, emerging technologies and competitors and managing a workforce of 2.3 million employees, but there's one thing he's not, and that's bor...

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Walmart Looks to Corporate for Hundreds of Cuts: Replaces Co-Management Positions

After last week's shakeup in terms of Sam's Club's storecount, sources report a shift for approximately 3,500 store co-managers, as well as up to 1,000 cuts of corporate jobs. The cuts, according to anonymous persons close to the matter, aim to boost effi...

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Supreme Court to hear sales tax collection case

The Supreme Court agreed Friday to wade into the issue of sales tax collection on internet purchases in a case that could force consumers to pay more for certain purchases and allow states to recoup what they say is billions in lost revenue annually. Un...

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Here's a map of where Walmart is closing more than 60 Sam's Club stores

Walmart abruptly announced Thursday plans to close more than 60 of its Sam's Club locations, or nearly 10 percent of its store fleet, across the country. The wholesale club locations clo...

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Walmart wage hike may show wage pressures building for lowest paid

Walmart’s tit-for-tat minimum wage battle with Target, ratcheting to $11 an hour for the least experienced workers with likely pressure to move higher, may signal broader gains to come for workers in ...

Read on Reuters>
Walmart hikes minimum wage, announces layoffs on same day

Walmart on Thursday said it will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month’s major corporate tax cut and on the same day said it will shut stores and lay off thousands of workers. ...

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Woman Returns Dead Christmas Tree to Costco on Jan. 4 (HUMOR?)

If you don’t need your Christmas tree after Dec. 25, you might be able to get a full refund. A woman in Santa Clara, California was spotted returning a Christmas tree to Costco on Jan. 4. She retu...

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46% of Prime members say they buy on Amazon at least once a week

According to a new report on Amazon user behavior from Feedvisor, Amazon Prime members are visiting the e-commerce site at an extraordinary rate. Conducted in partnership with Walker Sands Communications, the survey found that 85 percent of Amazon Prime ...

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Walmart is abruptly closing 63 Sam's Club stores and laying off thousands of workers

Walmart is abruptly closing 63 Sam's Club locations across the US, the company told Business Insider. Some stores were closed on Thursday. Others will close at a later date. Many employees were not informed of the closures ahead of the time....

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Two Charts Show Amazon’s Smart-Speaker Lead

Amazon’s success at selling Alexa-enabled devices this holiday season has been widely discussed—but two charts, published by Stifel Wednesday, might be the clearest illustration of how successful it’s really been. The first one estimates global smart sp...

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Amazon's Customer Loyalty Is Astounding

Amazon’s results over the past holiday season are mind blowing. While the company holds some data close to its vest, like the number of customers that ordered and the dollar amounts those orders represented, it reported that this past Cyber Monday was the...

Read on Forbes>
Amazon's Alexa Is Coming to Toyota Vehicles

The global auto industry is in the early stages of a global, technology-driven transition to a new era of transportation, and one of the largest legacy automakers is embracing the change. At the CES conference in Las Vegas, Toyota Motor Corp (ADR) (NYSE...

Read on US News and World Report>
Walmart expanding 'Scan & Go' mobile checkout to 100 more stores this month

"We love waiting in long checkout lines," said nobody ever. Walmart is listening. With the expansion of its Mobile Express Scan & Go app, the retailer is making it easier for consumers to make their purchases and leave. This is important at a time when gr...

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Physical stores are 'critical' no matter where consumers choose to shop, Kohl's CEO says

As major retail chains continue to close stores nationwide, Kohl's Chairman, President and CEO Kevin Mansell told CNBC that his company's success actually stems from its physical locations. "Physical presence is important in people's mindset as they thin...

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Amazon captured 4% of US retail sales in 2017

Amazon accounted for 4% of US retail sales and 44% of US e-commerce sales in 2017, according to a study from One Click Retail. This marks an increase in e-commerce market share from 2016, when it was responsible for 38% of e-commerce sales, as...

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Wal-Mart’s Walton Family Backs Startup Trying to Cut Food Waste

Members of the Walton family, heirs to the Wal-Mart Stores Inc. fortune, are backing a startup that thinks it can turn a profit by reducing food waste. The business, called FoodMaven, has completed an $8.6 million Series A fundraising round that includes...

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Amazon grabbed 4 percent of all US retail sales in 2017, new study says

There's no denying that Amazon's retail business had an impressive 2017 and there's still plenty of room for the company to grow in certain categories this year. The internet giant was responsible for about 44 percent of all U.S. e-commerce sales last ye...

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