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Tag: dollar

Gamer mentality behind multimillion-dollar brand

Today, Min-Liang Tan is an undisputed business icon, having built one of the most recognizable brands in global gaming with a suite of services that continues to grow. But when the Razer CEO quit his job as a lawyer to start the business with his co-founder Robert Krakoff in 2005, his aspirations were hardly that great. In …

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Dollar, discount stores may grow stronger post-coronavirus

Dollar General and Dollar Tree are among the retailers that could benefit after the COVID-19 pandemic subsides, JPMorgan analyst Matthew Boss said Thursday.  “Discounters, dollar stores, off-pricers and strong global brands I actually think could emerge stronger from this, take market share, use their size and scale,” Boss said on CNBC’s “Halftime Report.” On the contrary, …

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CEO Rachel Lim built a multimillion-dollar fashion empire

Starting a business is a risky endeavor for anyone. But when Rachel Lim set out to reinvent the retail industry, the stakes were especially high — her mom’s life savings were riding on it. The then-21-year-old was facing a five-figure fee for quitting college early to pursue her dream. And with no money of her …

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How failure inspired 3 friends multimillion-dollar business

Chang Wen Lai is certainly driven. In just five years, the 32-year-old entrepreneur has built up a multimillion-dollar international express delivery business responsible for delivering a million parcels a day on behalf of some of Southeast Asia’s biggest retailers. But it wasn’t always an easy ride for the Ninja Van CEO. In fact, it took …

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Dollar General has big hiring plans for 2020

Get great content like this right in your inbox. Subscribe Dollar General is looking to hire thousands of new employees. The discounter said it plans to create more than 8,000 new career opportunities in fiscal year 2020 through anticipated store and distribution center growth. In the past five years, Dollar General’s workforce has grown from …

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Why Jeff Bezos’ billion-dollar pledge hasn’t impressed anyone in India, Retail News, ET Retail

By Archana Chaudhary and Saritha Rai India’s government has scoffed at Amazon.com Inc. founder Jeff Bezos’ offer to invest $1 billion in the country, firing the latest salvo at an e-commerce giant that’s been accused of predatory business practices. Trade minister Piyush Goyal delivered a stinging rebuke two days after Bezos arrived in New Delhi …

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Dollar Tree cuts forecast due to tariffs; Q3 earnings miss Street

Dollar Tree warned that its fourth-quarter earnings will take a hit due to the ongoing trade war between the U.S. and China. The discounter on Tuesday said that tariffs imposed on Chinese imports will add $19 million, or 6 cents per share, to its costs of goods for the fourth quarter of 2019. (Abercrombie & …

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Dollar Tree cuts forecast due to tariffs; Q3 earnings miss Street

Dollar Tree warned that its fourth-quarter earnings will take a hit due to the ongoing trade war between the U.S. and China. The discounter on Tuesday said that tariffs imposed on Chinese imports will add $19 million, or 6 cents per share, to its costs of goods for the fourth quarter of 2019. (Abercrombie & …

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FDA flags Dollar Tree for selling OTC drugs made by companies with ‘serious violations’

People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images News | Getty Images Dollar Tree stocked over-the-counter drugs produced by Chinese companies with “a pattern of serious violations” of federal law on good manufacturing practices, the Food and Drug Administration …

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Alibaba sees trillion-dollar volume potential in China

Chinese online retail giant Alibaba is not done growing. The e-commerce platform’s parent company, Alibaba Group Holding Ltd., said it aims to serve over 1 billion annual active consumers and achieve over $1.4 trillion in annual gross merchandise volume through its China consumer business by the end of fiscal 2024. The company’s China consumer business …

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