In recent months, Amazon.com has added a wide variety of low-price products to items shipped with free one-day delivery to Prime members. The shift to free shipping on items that cost as little as 75 cents is likely to put pressure on rivals from CVS too Walmart.
About one-fourth of the Kmart and Sears stores that remained opened after Sears Holdings filed for bankruptcy have since closed or are slated to close. About half the stores acquired by Transform Holdco out of bankruptcy were profitable.
Minor injuries were reported as shoppers at the Town Center at Boca Raton fled the mall after hearing a loud noise that was mistaken for gun fire.
There are about 2.8 million active sellers on Amazon.com’s marketplace, according to Marketplace Pulse. The e-tail giant adds an average of 3,300 new sellers every day, but many are inactive for a variety of reasons.
A survey of 700 consumers between the ages of 18 and 64 by Kantar finds that 77 percent believe that Aldi is “simpler to shop” then other grocery stores. Ninety percent said it was “more cost effective” to shop at Aldi than other grocers.
Ulta Beauty is the top beauty destination mentioned by U.S. teens at 38 percent, according to a survey by Piper Jaffray. Twenty-six percent of teens think of Sephora when want beauty products.
Juul Labs and Pax Labs split into two separate companies in 2017 with the goal of having one company lead the e-cigarette category and the other to rule the legal cannabis market. Now, both companies are under pressure as medical and government authorities try to determine the cause of lung illnesses tied to vaping.
Laura Ashley announced that it has named Safa Mavani as its new chief financial officer, replacing Seán Anglim who has been with the clothing and furnishing retailer since 1998.
Six current and former employees at Lowe’s said that the elimination of in-store roles, including store HR manager, assembly associates and maintenance workers, as well as other changes have badly hurt morale on the DIY chain’s front line. Lowe’s did not respond to the report of the elimination of roles.
Victoria’s Secret has laid off about 50 people at the company’s headquarters as the company continues to look for ways to connect with younger consumers and overcome negative press associated with reports about chairman Les Wexner’s relationship with Jeffrey Epstein.