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Amazon sellers curb Prime Day discounts with tariffs taking bite at Bloomberg/Business Times. “…(Akeneo) conducted a survey of 1,000 US shoppers showing that one in four respondents planned to skip Prime Day due to tariffs while 57 per cent said they would more closely monitor prices…Upstream Brands sells aluminium trays that make decorative ice […]
US employers added a surprising 147,000 jobs last month at AP. “The unemployment rate ticked down 4.1% from 4.2% in May, the Labor Department said Thursday. Hiring rose modestly from a revised 144,000 in May and beat economists expectations of fewer than 118,000 new jobs and a rise in the unemployment rate.” Read more […]
Lululemon sues Costco, claims company is selling ‘dupes’ of some of its products at AP. “Some of the products Lululemon says Costco is making duplicates of include its popular Scuba hoodies, Define jackets, and ABC pants. Lululemon claims one of the duplicates that Costco sells is the Hi-Tec Men’s Scuba Full Zip, with the […]
Amazon to invest £40 billion in the UK over next three years at CNBC. “The company said it plans to spend the money on building four new fulfillment centers…as well as upgrades and expansions to its existing operations buildings across the country…also plans to open two new buildings at its corporate headquarters in East […]
Amazon Orders Employees to Relocate to Seattle and Other Hubs at Bloomberg/Financial Post. “Workers are being told to relocate to such cities as Seattle; Arlington, Virginia; and Washington DC…One of the people said the relocation policy will affect thousands of employees on several teams.” Read more Insiders Spill the Secrets Behind a Bezos-Sized […]
Retail sales fell 0.9% in May, worse than expected as consumers pulled back at CNBC. “However, excluding a series of items such as auto dealers, building materials suppliers, gas stations and others, sales increased 0.4%…miscellaneous retailers gained 2.9%, while online sales rose 0.9% and furniture stores increased sales by 1.2%.” Read more The […]
Costco May comp sales (ex. fuel & f/x) +6.0% Press release Amazon is reportedly training humanoid robots to deliver packages at The Verge. “Citing an anonymous source “involved in the effort,” The Information says that Amazon has almost finished constructing an indoor “humanoid park” at one of the retail giant’s San Francisco offices […]
Dollar General Q1 comp sales +2.4% “…2.7% increase in average transaction amount and a 0.3% decrease in customer traffic. Same-store sales…included growth in each of the consumables, seasonal, home products, and apparel categories.” Press release Fortune Announces 2025 Fortune 500 List (Walmart #1, Amazon #2) Press release Walmart CEO started his career […]