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100 million Prime subscribers for Amazon

Ecommerce giant Amazon surpassed the 100 million Prime subscriber mark, just one of the many milestones CEO Jeff Bezos mentioned in his annual shareholder briefing.

Trump targets Amazon
  • Published in m-Tail

President Donald Trump has apparently targeted Amazon as his new enemy. He feels the retail giant is taking advantage of the U.S. Postal Service, something he wishes to remedy with a series of new rules and legislation.

Times are changing for Whole Foods
  • Published in Food

Amazon’s Whole Foods acquisition is slowly resulting in changes for the supermarket chain. Amazon wants to introduce the Prime system to every store and at the same time, a lot of executives are leaving the company.

Home market dampens Nike's results

American sports brand Nike experienced a 7% third quarter turnover increase, but its American results dropped compared to the year before.

Claire’s files for bankruptcy

American chain Claire’s has now officially filed for bankruptcy, although it only relates to the company’s American division.

Amazon targets Toys 'R' Us stores

Amazon is apparently interested in several of bankrupt Toys ‘R’ Us’ stores, because their locations and stores would fit Amazon’s own retail formulas.

Toys ‘R’ Us goes bankrupt

The definitive end is approaching for the former toy store giant, Toys “R” Us. After the death sentence was signed for its 100 British stores, its American store network will also shut down.

Another six cash register-free Amazon Go stores planned
  • Published in Food

After Amazon opened its first Amazon Go store last month, the company will add at least another six high-tech, cash register-free convenience stores in cities like Los Angeles and Seattle.

American chains consolidate to fight Amazon

American retailer Albertsons has acquired its competitor Rite Aid, after the latter had already sold a series of stores to Walgreens. The acquisitions are mainly a reaction to Amazon and other online players’ onslaught.

Kraft Heinz does not meet expectations
  • Published in Food

American Kraft Heinz failed to live up to analysts’ fourth quarter expectations, both when it comes to turnover and profit. It did manage a 900 % increase of its profit, but that did not convince any analyst.

Increased turnover but (much) lower profit for PepsiCo
  • Published in Food

Despite a “tepid” fourth quarter, PepsiCo still managed a slight turnover growth for its full fiscal year, thanks to snacks covering for sodas’ decreased sales. Net profit did plummet.

Amazon will deliver own packages and groceries
  • Published in Food

Amazon will become its own logistical supplier: it will pick up and deliver packages for its own marketplace partners. Supermarket chain Whole Foods’ customers can also get their groceries delivered within two hours from now on.

Diesel opens very own counterfeit store

Italian fashion brand Diesel has found a playful way to combat counterfeit brands. It opened a boutique in New York that sells “counterfeit” clothing called Deisel.

Very good year for Levi Strauss

Jeans brand Levi Strauss experienced a very good year: turnover grew 8 %, mainly thanks to its fourth quarter. The company even references the strongest year in a decade.

Turnover growth for Hasbro despite weak fourth quarter

Despite weaker Star Wars and Frozen sales in an equally unimpressive fourth quarter, Hasbro has still managed a full-year turnover increase. It is the largest toy manufacturer in the eleven largest toy countries.

Amazon exceeds own expectations by 500 million

Amazon set a new turnover record and its fourth quarter profit reached 2.1 billion dollars (1.7 billion euro), 69 % above expectations. Alexa speech technology and Amazon Web Services’ cloud services helped reach these new heights.

Record profit for Apple despite disappointing sales

Apple broke its turnover and profit records in the first quarter of its fiscal year, which ended on 30 December 2017. Nevertheless, there are unfavourable signals, because iPhone sales were below expectations.

Irish company acquires Dole Food
  • Published in Food

Irish Total Produce has acquired American Dole Food, which previously was a target for Belgian Greenyard. At first, it will obtain 45 % of shares, but it has an option to buy the entire company.

Amazon opens first cash register-free store
  • Published in Food

Amazon will open its first cash register-free store in Seattle today, near its main office. The trial with its own employees will now be extended to the general public.