May 4, 2022
Amazon’s 1Q22 net sales increased 7.3% to $116.44 billion, which excludes a $1.80 billion unfavorable impact in foreign exchange rates. By segment, Amazon Web Services (AWS) performed strongest, increas ... Read more
April 27, 2022
Amazon opened an Amazon Fresh store in Mission Viejo last week and has two additional openings planned for Southern California, in LaVerne (this Thursday) and Murrietta (May 5). The new locations all measure about 35,000 square fe ... Read more
April 20, 2022
In a memo to sellers, Amazon said it will impose U.S. third-party sellers with an inflation and fuel surcharge of 5%, effective April 28. The fee will be on top of existing fees that Amazon collects from U.S. third-party sellers who use Ama ... Read more
April 13, 2022
Last Friday, Amazon called for an election rerun, after workers at a New York City warehouse voted to create the Company’s first U.S. union, saying that the U.S. labor board and worker-organizers suppressed turnout. The Amaz ... Read more
April 6, 2022
Last week, workers at an Amazon warehouse on New York’s Staten Island voted to unionize. The vote was 2,654 for the union and 2,131 against it. This marks the Company’s first unionized worksite in th ... Read more
March 30, 2022
The Save Mart Companies announced it was acquired by Kingswood Capital Management. Kingswood is an operationally focused private equity firm based in Los Angeles, which most recently acquired Cost Plus World Market from Bed Bath & Beyond in ... Read more
March 23, 2022
Dollar General’s 4Q21 sales grew 2.8%; however, comps fell 1.4%, the 4th quarterly decline in a row, driven by a continued fall off in traffic, partially offset by gains in average ticket. Most categories saw comp decli ... Read more
March 16, 2022
Amazon has informed gig workers selecting items at local Whole Foods stores for delivery to customers that they soon will become Whole Foods employees. The change marks Amazon’s latest effort to simplify its sprawling grocer ... Read more
March 9, 2022
Amazon announced plans to close all 68 of its physical book stores, pop-up shops and 4-star stores in the U.S. and U.K. The Company continues to invest in other concepts like Amazon Fresh, which it has grown to 23 stores; Whole Foo ... Read more
March 2, 2022
Amazon has introduced its Just Walk Out technology to a new Whole Foods in Washington D.C. The store is 21,500 square feet and opened on February 23. It is the first of two Whole Foods expected to open this year ... Read more
