retailers

Amazon's Creepy Palm Reading Payment System Is Taking Over Whole Foods

Amazon’s Creepy Palm Reading Payment System Is Taking Over Whole Foods

Photo: Amazon Amazon’s slowly making good on its goal of one day turning your entire body into one big money oozing meatsuit. First up, your palms. In the coming weeks, Amazon plans to expand its “Amazon One” palm reading biometric payment system to 65 Whole Foods Markets throughout California, starting with locations in Malibu, Montana …

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Best Buy cuts its outlook, joining other retailers as inflation pressures shoppers

Best Buy cuts its outlook, joining other retailers as inflation pressures shoppers

Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Wednesday cut its forecast for its fiscal year and second quarter, saying it has seen weaker demand for consumer electronics amid inflation. The consumer electronics retailer said it now expects same-store sales to …

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Amazon Will Cover That Grubhub Delivery Fee for You

Amazon Will Cover That Grubhub Delivery Fee for You

Photo: Igor Golovniov/SOPA Images/LightRocket (Getty Images) Amazon, the company that has dutifully trained most of us to think of consumer goods as things we can get delivered to us right this very minute, has sunk its teeth into another wing of the delivery convenience realm: Grubhub. The result? Amazon Prime subscribers now have access to …

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Here’s Where the Inventory Shortages Are, and Where Retailers Are Overstocked, by Retailer Category

Here’s Where the Inventory Shortages Are, and Where Retailers Are Overstocked, by Retailer Category

It’s still supply-chain chaos for retailers, but different retailers face different kinds of chaos. By Wolf Richter for WOLF STREET. There are now stories out there about retailers suddenly being “overstocked,” and the shortages having turned into gluts, and suddenly folks are already seeing that the supply chains got fixed miraculously or whatever. But overall inventories at retailers …

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Amazon’s Newest Warehouse Workers Will Never Unionize

Amazon’s Newest Warehouse Workers Will Never Unionize

Amazon has faced lots of public scrutiny and backlash for the dangerous working conditions in its warehouses. And rightfully so. Amazon warehouses seem like bad places to work. As a consequence, there’ve been hints that the company is struggling to find enough people to fill all the warehouse jobs. So, it’s no surprise that Amazon …

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Amazon Could Run Out of Warehouse Workers to Wear Down by 2024

Amazon Could Run Out of Warehouse Workers to Wear Down by 2024

Amazon, the company notorious for its awful labor practices, is grinding through its potential workforce too fast, according to an internal company research memo leaked to and first reported on by Vox. “If we continue business as usual, Amazon will deplete the available labor supply in the US network by 2024,” said the document, according …

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Stolen goods sold on Amazon, eBay and Facebook are causing havoc for major retailers

Stolen goods sold on Amazon, eBay and Facebook are causing havoc for major retailers

Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco’s Union Square and a nearby Nordstrom, which was robbed by 80 people. Law enforcement and retailers have warned the public that this isn’t traditional shoplifting. Rather, what they’re seeing is theft organized by criminal networks. And there’s a reason …

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U.S. retailers cut prices but services keep inflation hot

U.S. retailers cut prices but services keep inflation hot

WASHINGTON, June 9 (Reuters) – Major U.S. retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N)have been cutting prices to clear overstocked warehouses, but hotel revenue is pouring in as daily room rates and occupancy have broken above pre-pandemic levels. Used car prices are no longer surging at the chart-topping pace that drove an initial …

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