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India tightens e-commerce rules, likely to hit Amazon and Walmart at Reuters. “India will ban e-commerce companies…from selling products from companies in which they have an equity interest…the government also said that the companies will be prevented from entering into exclusive agreements with sellers.” Read more U.S. Commerce Department won’t publish economic data […]
Last-Minute Shoppers Increasingly Trust Only Amazon to Deliver by Karen Weise at NY Times. “Olivia Zimmermann (bought) a Bluetooth speaker from Best Buy for her sister. It was supposed to arrive by Dec. 10, two weeks before Christmas. The speaker never showed up…“I just want a refund,” she told the retailer, and then added: […]
Walgreens Q1 US comp sales: Pharmacy +2.8% / Retail -3.2% Press release …Walgreens Boots Alliance’s plans $1 billion in cuts, stock drops at CNBC. “Targets will include global spending, organization and digitalization of the business. The initial focus will be on the U.S. and U.K., the company’s largest markets.” Read more Pier […]
CVS THORN – Judge orders a lengthy review of CVS-Aetna deal that’s likely to keep it bogged down in the judicial process well into the spring by Josh Kosman at NY Post. “Specifically, Judge Leon ordered the Department of Justice to respond to 95 complaints that had been filed against the merger as of Monday. […]
Kroger launches Nuro unmanned vehicles to delivery groceries to customers in Arizona by Ben Tobin at USA Today. “Kroger announced its partnership with Nuro in June. The companies started a pilot program in August to test the unmanned delivery service. Customers can pay a $5.95 flat rate for same-day or next-day delivery. There is no minimum […]
Jay Jorgensen, Walmart’s global chief ethics and compliance officer, to exit the company in January by Kim Souza at Talk Business. “Daniel Trujillo, who has served as senior vice president and international chief compliance officer, will replace Jorgensen, according to an internal company memo sent Friday (Dec. 14) by Rachel Brand, Walmart’s chief legal […]
Costco Q1 comp sales +8.8% (US +11% / Canada +2.4% / Other Int’l +4%) Press release …Reuters: Costco margin dip overshadows sales beat “We’ve seen a little bit more margin pressure as there’s been a little bit more retail competitive pressure out there, not only from supermarkets but Sam’s as well,” Costco Chief Financial […]
Judge seems likely to block CVS-Aetna merger by Josh Kosman at NY Post. “I expect Leon to issue some kind of an injunctive order to keep them from integrating,” a source close to the case told The Post. Such a ruling, in turn, could kick-start a procedural saga that might delay the $69 billion […]