US president Donald Trump has taken a swing at Amazon, blaming the e-commerce giant for hurting retail and killing jobs.
Coles’ earnings have dropped for the first time since it was acquired by Wesfarmers nine years ago reporting a decline in sales amidst tight completion.
Beginning 2nd October, all orders put through the Amazon marketplace will automatically be eligible for returns – which has some sellers furious.
Online retailer Boxed is levelling the working field, giving its employees benefits like unlimited parental leave and paying for staff weddings – these benefits apply to its engineers as well as it fulfilment centre works.
Amazon is selling debt to pay for its US $13.7 billion deal to acquire Whole Foods Market, in order to power Jeff Bezos’s plans to triumph in the supermarket retail sector.
Amazon engineers are looking at its next big idea concerning drone delivery, and how to integrate it into big cities. Its new patent filing explores how trains, boats and vans could be utilised as storage and repair zones for its drones.
Once again, JB Hi-Fi has defied the retail slowdown, posting a 36.5% boost in full year net profit after tax of $207.7 million, with sales growth jumping 42.3% to a record $5.6 billion.
Qantas has signed a new deal with Alibaba Group, which will give it access to the largest online network of consumers in Greater China, also targeting the younger demographic of Chinese consumers.
Chinese e-commerce giant JD.com has teamed up with US retail titan Walmart, to combine online retail with the powers of bricks and mortar.