Retail industry
Amazon to invest £40 billion in the UK over next three years
An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images LONDON — Amazon will invest £40 billion ($54 billion) in the U.K. over the next three years, the e-commerce titan announced Tuesday. The company said it plans to spend the money on building four new fulfillment centers — large warehouses where it prepares orders […]
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Easy returns cause big trouble for Amazon sellers, but return rates show signs of slowing
Returns on Amazon are free and easy for shoppers, but they’re risky and expensive for the small businesses that sell a majority of the goods on the world’s biggest e-commerce site. Returns have driven some sellers to exit the popular Fulfillment by Amazon program, while others told CNBC they’d like to leave the platform altogether. […]
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Kroger’s shares rise as grocer says shoppers seek lower prices, cook more at home
Shares of Kroger rose about 9% on Friday as the supermarket operator raised its full-year sales outlook and said it’s drawing shoppers seeking lower-priced store brands and cheaper alternatives to dining out. The Cincinnati-based grocer said it now expects identical sales, excluding fuel, to increase by 2.25% and 3.25% year over year, higher than its […]
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Is China going through a consumption revival? Its 618 festival is one sign of it
Chinese e-commerce giant Alibaba’s Taobao and Tmall reported strong sales in categories eligible for government subsidies. Serene Lee | Sopa Images | Lightrocket | Getty Images China’s latest shopping festival, which wrapped up Wednesday, pointed to a pickup in consumption, as e-commerce companies reported strong sales of consumer electronics, as well as beauty and pet […]
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Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation
Owner Jeanie Buss of the Los Angeles Lakers and Jay Mohr prior to game one of a first round NBA basketball game between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles on Saturday, April 19, 2025. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images The Buss […]
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Nike pushes back Skims launch with Kim Kardashian due to production delays
NikeSKIMS, a new brand from NIKE Inc. and SKIMS. Courtesy: NikeSKIMS Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line. The activewear line will launch later this year instead of in the spring, like the companies had originally announced, because of production delays, according to a […]
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General Mills to remove artificial colors from all its U.S. cereals and foods
Boxes of sugary cereal, including those from General Mills, fill a store’s shelves on April 16, 2025, in Miami, Florida. Joe Raedle | Getty Images General Mills said on Tuesday it would remove artificial colors from its full U.S. retail portfolio by the end of 2027. The Cheerios maker also said it would remove synthetic dyes from […]
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Monopoly maker Hasbro cuts 3% of total workforce amid higher tariff costs
The Hasbro Inc. logo is seen on a toy for sale in a store in Manhattan, New York, on Nov. 16, 2021. Andrew Kelly | Reuters Toy seller Hasbro has cut 3% of its global workforce in its latest cost-cutting effort amid higher U.S. tariffs on toys from China. The job cuts amount to about 150 employees. According […]
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PGA Tour names Brian Rolapp as CEO to succeed Commissioner Jay Monahan
NFL chief media and business officer Brian Rolapp. Doug Murray | AP The PGA Tour on Tuesday named top NFL executive Brian Rolapp its next chief executive officer to succeed current Commissioner Jay Monahan. Monahan will begin to transition his day-to-day responsibilities to Rolapp and will step down at the end of 2026. Monahan said […]
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Amazon extends Prime Day to four days, starting July 8
An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023. Spencer Platt | Getty Images Amazon is extending its Prime Day discount bonanza, announcing that the annual sale will run four days this year. The 96-hour event will start at 12:01 a.m. PT on July […]
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