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Tag: rival

Walmart confirms it will launch a rival to Amazon’s Prime, Retail News, ET Retail

New York : Walmart is confirming that it’s developing a competitor to Amazon‘s juggernaut Prime membership program. The company declined on Thursday to offer details, but a spokeswoman said it will be called Walmart+. News website Vox first reported the news about Walmart’s new membership program earlier Thursday and said the discounter would have certain …

Walmart confirms it will launch a rival to Amazon’s Prime, Retail News, ET RetailRead More

Walmart confirms it will launch a rival to Amazon’s Prime, Retail News, ET Retail

The initiative comes as Walmart is locked in an arms race with Amazon to bring packages faster and faster to customers’ homes. Amazon’s Prime $119 per-year membership program includes such perks as unlimited next-day shipping on more than 10 million items as well as free streaming of music, TV shows and movies. AP  |  February …

Walmart confirms it will launch a rival to Amazon’s Prime, Retail News, ET RetailRead More

FTC not wild about sale of Harry’s to parent company of rival

The Federal Trade Commission (FTC) sees competitive issues with a proposed acquisition of online shaving products retailer Harry’s Inc. The FTC is authorizing the Bureau of Competition to file suite to enjoin Edgewell Personal Care Company’s (Edgewell is the parent company of Schick’s) proposed $1.37 billion acquisition of what it says is Edgewell’s key competitor, …

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Payments giant Worldline to buy rival Ingenico amid fintech threat

A customer makes a contactless payment with a bank card on an Ingenico payment terminal. Bloomberg | Getty Images Two European giants in the payments space are set to combine to create the industry’s fourth-largest player. France’s Worldline said it would buy domestic rival Ingenico in a deal consisting of 81% stock and 19% cash. …

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eBay to sell StubHub for $4 billion to Swiss rival, Retail News, ET Retail

SAN FRANCISCO: US online giant eBay agreed to sell its ticket marketplace StubHub to Swiss-based rival Viagogo for $4.05 billion in cash, the two firms announced Monday. The move will allow Viagogo, which already sells tickets for live sport, music and entertainment events, to boost its footprint to more than 70 countries around the world. …

eBay to sell StubHub for $4 billion to Swiss rival, Retail News, ET RetailRead More

A Barneys liquidation grows more likely as rival deal falls flat

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images A deal led by retail investor Sam Ben-Avraham to buy Barneys New York out of bankruptcy fell flat in court Thursday, making the …

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