Amazon Is Panicking After Losing 2M Customers To Chinese Rivals Temu And Shein Since January
To regain superiority in the e-commerce industry, Amazon are prioritising the trust of its current customers and are looking to increase same-day deliveries.
Theft Prevention or Money Grab? Walmart's £76 Yearly Fee for Self-Checkout Raises Eyebrows
Walmart now charges customers £76 ($98) per year for access to self-checkout lanes, sparking debate over anti-theft measures versus revenue generation.
Sam's Club Will Use AI To Check Your Cart After You Pay Using Your Phone - Here's How
Sam's Club's new checkout technology streamlines the shopping experience for customers using Scan & Go, allowing them to skip long checkout lines.
Hidden US Prison Workforce Linked To McDonalds, Aldi And Coca-Cola
A new AP investigation has tied US giants like McDonalds and Walmart to manual prison labour in Louisiana State Penitentiary.
Samsung Is On A Mission To Stop Galaxy S24 Leaks From Coming Out Ahead Of Official Launch
Samsung's mission might backfire, turning a quiet Galaxy S24 launch into a missed hype opportunity.
How businesses can lower costs for consumers
Transparent communication with customers about price changes and a continuous focus on cost analysis are essential components of a comprehensive strategy to lower prices during inflation while maintaining competitiveness.
Amazon To Expand Drone Delivery Into Britain And Italy
Amazon on Wednesday said it hopes to expand drone delivery into Britain and Italy by late next year, as it unveiled new warehouse robots and tech in its race to get shoppers what they want quickly.
US retailers voice alarm at rising theft, 'flash rob' attacks
Toothpaste, chocolate, washing powder and deodorant -- everyday products are increasingly under lock and key at US retailers, as petty theft and organized shoplifting rise while consumers grapple with costs of living.
UK retail marketers squander 47% of their ad budgets on low stock items
Recent findings expose a trend among UK retail marketers, who risk customer dissatisfaction and dwindling revenues by allocating marketing spend to low-stock items.
Why are more UK consumers shifting towards the metaverse and ChatGPT?
According to a recent study, the increasing adoption of the metaverse and AI-powered chatbots is reshaping how UK consumers engage with brands during purchases.
Why companies employing workers in India see success
India has a large pool of highly skilled professionals in various domains, including IT, software development, engineering, finance and customer service and companies can create mutually beneficial partnerships by hiring them.
Employees having a consistent digital experience is 'crucial' for businesses, says expert
According to Dave Page, Co-Founder and Chief Strategy Officer at Actual Experience, offering a consistent digital experience to employees is crucial for businesses.
Recent data shows gender pay gap is still prevalent
There is more transparency around gender pay gap reporting, which will help address the gap. However, pay differences persist in both the US and the UK.
FedEx raises full-year earnings forecast after cost cuts, shares soar
FedEx Corp on Thursday raised its fiscal 2023 profit forecast despite weak market conditions, citing progress on its plan to shave $3.7 billion in costs from its global delivery business, sending its shares up more than 11%.
Best Buy, Walmart, other major US retailers tout health services
Major U.S. retailers including Best Buy, Walmart and Amazon are increasing their offerings of healthcare and health-related products as inflation-wary Americans shift more of their budgets to services and away from goods.
Interest rate rose but so did the demand for steel as the British pound fell against the dollar
S&P 500 sheds 2%, FTSE 100 is expected to open lower, while the UK has seen the British pound fall against the dollar as the government negotiates with the striking public sector.
Interest rate hikes and consumer doubts threaten to destabilise current operations on Wall Street
A new report into the current market landscape by Hargreaves Lansdown's Susannah Streeter suggests a potentially bleak future ahead on Wall Street.
Spice maker McCormick sees 'pushback' from retailers on price increases - CEO
McCormick & Company Inc is looking to hike prices on its spices and hot sauces at retailers like Walmart Inc and Kroger Co but is getting "pushback" on the increases, CEO Lawrence Kurzius said in an interview with Reuters on Tuesday.
Cautious Walmart outlook hits shares despite solid Q4 profits
Walmart reported better-than-expected profits over the critical holiday-season quarter Tuesday, but offered a disappointing outlook as inflation weighs on consumers.
Analysis-To raise prices or not? Consumer goods makers weigh bets on buyer strength
Prices of everyday basics like Bounty paper towels and Cadbury chocolate may rise again this year while those of others like Clorox Co wipes and Diet Pepsi are likely to stay steady.
Asia shares muted by unease over Fed, BOJ policy
Asian shares got off to a subdued start on Monday as a U.S. holiday made for slow trading.
Shoppers to face fresh price hikes as stores, suppliers pass on costs
Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms and investors, unless commodity costs decline or the shift to cheaper store-brand products accelerates.
Walmart wins lawsuit claiming its Fudge Mint cookies lack fudge and mint
A federal judge in Chicago has dismissed a proposed class action lawsuit accusing Walmart Inc of deceiving shoppers by selling Fudge Mint cookies that lacked fudge and mint.
Microsoft to invest in autonomous trucking startup Gatik -sources
Microsoft Corp is in advanced talks to invest in Gatik, a California-based autonomous driving startup, as part of its cloud partnership with the company, two people familiar with the discussions told Reuters.
Woman kicks baby across floor after being accused of shoplifting
A 23-year-old woman has been accused of kicking her baby across the floor after she was caught shoplifting at a Walmart store in New Jersey, US.
Analysis: Retailers turn to robots in cost inflation fight
At a vast warehouse in the southern Dutch city of Roosendaal, automated cranes and driverless vehicles silently stack clothes for the French and Italian stores of retailer Primark, reducing the need for hard-to-come-by labour.
Cyber Monday sales to touch up to $11.6 billion as shoppers go discount hunting
Spending on Cyber Monday, the biggest U.S. online shopping day, may hit a record $11.6 billion, according to a report, as discounts on everything from pajamas to AirPods drive shoppers to buy even under the strain of inflation.
Patagonia sues Gap for copying 'iconic' flap pocket
Patagonia Inc, the high-end outdoor clothing retailer, filed a lawsuit accusing Gap Inc of illegally copying the "iconic" snapped flap pocket it has used on fleece outerwear for more than three decades.
Instacart, Shipt Plan New Payment Methods For Low-income Shoppers
Grocery delivery services Instacart and Target Corp's Shipt said on Wednesday they will expand their payment methods for low-income shoppers in line with the White House's efforts to ramp up healthy eating and curtail diet-related diseases.
Analysis-Rally In U.S. Consumer Stocks Teeters With Fed, Inflation In Focus
Expectations of more Federal Reserve tightening and economic worries are weighing on a rebound in consumer discretionary stocks, though some investors believe the sector will outperform other areas of the market if growth begins to wobble in coming months.