Amazon spills its Prime secret
The numbers are finally out. Amazon.com Inc. (AMZN), which never reveals its Prime membership stats, has now disclosed that it...
Retail
Starbucks to close 8,000 stores for a few hours to conduct racial-bias education program
The arrest of two black men from a Starbucks (SBUX) Philadelphia café following a white employee’s 911 call, complaining that...
Here is another blow for Bed, Bath & Beyond
Things are going from bad to worse for Bed, Bath & Beyond (BBBY). Last week, the home furnishing retailer reported...
Toys R Us rejects offer from Bratz toymaker
Toys R Us rejected an $890-million offer from Isaac Larian, founder of MGA Entertainment Inc., to buy more than 300...
Walmart overhauls shopping website to close the gap with Amazon
There is hardly anything Walmart (WMT) has not pursued in its efforts to stay relevant in the highly competitive retail...
M&A Episode 5: Food and Agriculture
No matter how big the consumer industry becomes, the inevitable fact that the food and agriculture sector makes its foundation...
Toys ”R” Us receives billion-dollar bid for its profitable Asian business
Troubled toy retailer Toys “R” Us, which is in the midst of winding its US and UK operations, was reportedly...
Kroger on hiring spree with 11,000 new jobs
In the recent times, some of the most prominent retailers have been shuttering stores. While the entire sector is struggling...
Fastenal reports double digit sales and profit increase for 1Q
Wholesale distributor of industrial and construction supplies Fastenal Company (FAST) reported double digit growth in its top and bottom line...
Fast Food in 2018: menu tweaks and daring new dishes
The rule for dining out is simple — good food but inexpensive. More people opt for dining out only when...
Target to pay $3.74 million as settlement for discrimination
Target Corporation (TGT) will have to pay $3.74 million to come out of the dispute which charged that the company...
JM Smucker expands pet food portfolio by swallowing Ainsworth Pet Nutrition
Over the recent years, JM Smucker (SJM) — known for its branded food products — has grown substantially into a...
Amazon plans to snatch Flipkart from Walmart’s shopping bag
The shopping war between Amazon and Walmart has finally reached India, with Amazon making a rival bid for Bengaluru-based online...
Amazon under Trump’s ire but might clinch Pentagon deal
President Trump has declared a war of sorts on Amazon (AMZN) and its CEO Jeff Bezos. He has severely criticized...
Major retailers turn to automation in Amazon-era
Amazon (AMZN) might have flagged it off, but retailers such as Walmart (WMT) and Kroger (KR) are following suit, experimenting...
Walmart opens small supermarket store in China
When we talk about the international story of discount retailer Walmart (WMT), the journey had both ups and downs. The...
Alibaba digests Chinese food delivery platform Ele.me
Marking yet another huge deal, Alibaba Group (BABA) said it would take over food delivery app Ele.me for an estimated...
M&A Episode 4: Tailing Retail mergers
The retail industry forms such an enormous and vital part of our lives. It provides us with food and clothes,...
Amazon stock nosedives over rumors of govt action to check tax collection
Amazon’s (AMZN) phenomenal growth has been a cause of perennial worry for conventional retailers, and the last decade witnessed most...
Walmart’s patent hints at drone shopping assistant
In the race for retail supremacy, Walmart (WMT) continues to show its commitment towards leveraging innovation and technology. And to...
Is the Amazon footprint setting off a consolidation spree in retail space?
The grocery sector, which is currently the focal point of the fast-changing retail environment, is yet to recover from the...