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Tag: Amazon.com Inc

‘Retail is changing by the day’

Retail is going through what can be considered a “golden age” as businesses adapt to a new landscape of connecting with consumers, “Shark Tank” star and serial entrepreneur Daymond John said Friday. Companies such as Home Depot are using the internet to their advantage to thrive, while others that lack the necessary technology are dying, the …

‘Retail is changing by the day’Read More

Walmart’s stock rises 7% on report of Amazon Prime competitor coming this month

Walmart‘s answer to Amazon Prime will launch this month, according to a report by Vox’s Recode. The big-box giant confirmed in February that it plans to roll out a subscription-based service called Walmart+, but it hasn’t revealed details or its strategy to attract members and stand out from competitors. Shares rose by nearly 7% Tuesday to …

Walmart’s stock rises 7% on report of Amazon Prime competitor coming this monthRead More

Multiple analysts hike Amazon targets, saying it gained lots of new customers during the pandemic

Jeff Bezos, founder and CEO of Amazon, smiles as he speaks during the Economic Club of Washington’s Milestone Celebration event in Washington, DC, on September 13, 2018. Saul Loeb | AFP | Getty Images (This story is for CNBC Pro subscribers only).  Two Wall Street shops hiked their price targets for Amazon on Friday, saying …

Multiple analysts hike Amazon targets, saying it gained lots of new customers during the pandemicRead More

Grocers like H-E-B, Publix get creative as pandemic shuts down salad bars

Texas grocer Central Market turned salad bars and hot bars into packaged food displays during the pandemic. Source: Central Market Grocery stores have shut down self-serve salad bars during the pandemic. They’ve taken away displays of fresh olives and dips. And they’ve replaced giant kettles of ready-to-ladle hot soup with sealed to-go containers. The deli …

Grocers like H-E-B, Publix get creative as pandemic shuts down salad barsRead More

CVS Health looking to fill 50,000 jobs to meet demand

A driver unloads merchandise from a delivery truck outside a CVS Health Corp. location in New Rochelle, New York, U.S., on Monday, March 16, 2020. Angus Mordant | Bloomberg | Getty Images CVS Health said it plans to immediately fill 50,000 jobs across the U.S. to keep up with a demand for over-the-counter medicines, prescriptions and …

CVS Health looking to fill 50,000 jobs to meet demandRead More

Amazon partners with Future Retail to further push into Indian market

A food aisle at a Big Bazaar hypermarket, operated by Future Retail, in Mumbai, India Dhiraj Singh | Bloomberg | Getty Images Amazon is partnering with a leading Indian retail group as it continues its push into the world’s second most populous country. Under a new deal announced Monday, Amazon will become the official online …

Amazon partners with Future Retail to further push into Indian marketRead More

Pier 1 to close nearly half its stores as bankruptcy rumors persist

Pier 1 Imports on Monday said it intends to shut up to 450 locations, or almost half of its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors.  Pier 1’s losses have been mounting, as its sales decline. And this latest quarter was no exception. Its third-quarter loss widened from a year …

Pier 1 to close nearly half its stores as bankruptcy rumors persistRead More

Retail stocks that could have a strong 2020

Some of the most beaten-down names in retail might end up being your best bets in 2020. That’s not to say there still isn’t reason to be wary about some of these companies. You’re taking a risk when you invest in a struggling business, especially in the challenged retail industry, which has faced management shakeups, …

Retail stocks that could have a strong 2020Read More

Bed Bath & Beyond shares jump on real estate deal for $250 million

Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond shares jumped nearly 3% Monday morning after the retailer said it had completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital, netting it $250 million in proceeds. The embattled …

Bed Bath & Beyond shares jump on real estate deal for $250 millionRead More