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“#Amazon faces antitrust lawsuit over treatment of vendors” Amazon’s online retail monopoly violates antitrust law and leaves consumers paying artificially high prices, according to a lawsuit filed by Washington DC’s attorney general on Tuesday. Vendors who sell their products on Amazon currently are forbidden from offering their own products with better terms or lower prices…
“#Google to open first physical store in Chelsea this summer” Alphabet’s Google said on Thursday it would open its first physical store in NYC this summer, mirroring a retail approach that has helped Apple rake in billions of dollars in the last two decades. The Google store will be located in Chelsea near Google’s NYC campus, which houses over 11,000 employees. Google,…
“#Under Armour to lift minimum hourly wage to $15 in US” Athletic wear maker Under Armour said on Wednesday it would raise the minimum wage for hourly workers to $15 in the United States and C$15.25 ($12.59) in Canada, starting June 6. It is the latest in a string of companies, including Walmart and McDonald’s,…
“#Target’s profits surge as US COVID restrictions ease” Target’s sales and profits surged in the first quarter as its customers, emerging from the pandemic, returned in big numbers to its stores for dresses, cosmetics and luggage. Sales at stores opened at least a year jumped 18 percent in the three-month period that ended May 1….
“#Macy’s profits rebound thanks to stimulus spending” Macy’s emerged from an unprecedented year with a surprising swing back into the profit column and it boosted its guidance for all of 2021. Sales were fueled by government stimulus checks and the massive rollout of vaccines that have emboldened Americans to head outdoors again, the company said….
“#Retailers stuck in the middle of CDC’s new mask guidance” Welcome to “maskageddon.” The CDC’s new mask policy — allowing vaccinated people to largely ditch their masks — is putting retailers in a tough spot. Labor unions are now demanding large retail chains go against the CDC’s advice and continue to insist all customers wear…
“#Sales for business attire are up as people head back to the office” Some Americans are finding little comfort in returning to the office — with retailers reporting a rise in the sale of dressy clothing, including pants with buttons and zippers. As New York and other cities begin sending employees back to work amid…
“#Walmart ditching massive pick-up towers in hundreds of stores” Walmart is ditching the massive, automated pick-up towers inside its stores that hold online purchases for customers. The retailer is removing 300 of these towers and “hibernating” another 1,300 because customers grew accustomed to curbside pick-up during the pandemic — and prefer it, according to the…
“#Whole Foods will soon let customers pay with palm scan” Whole Foods will soon let customers pay for groceries using its parent company’s palm-scanning technology. Amazon said Wednesday its palm-scanning system — currently used in about a dozen of its brick and mortar stores — will debut at a Whole Foods in Seattle’s Capitol Hill…
“#Home Depot to face boycott over Georgia voting curbs” Religious leaders in Georgia on Tuesday will call for a boycott of Home Depot because of its silence on the state’s new voting curbs that activists say make it harder for black people and other racial minorities to vote. Other Georgia-based corporations — including Delta Air Lines…