• Amazon Prime Day could hurt department stores and discounters

    3 monthes ago - By Business Insider

    Amazon Prime Day is expected to be bigger this year than ever before. This will likely come at the expense of its brick-and-mortar competitors.
    According to data from Foursquare, department stores and dollar stores saw the biggest declines in foot traffic during the week of Prime Day in 2017.
    As the overlap between Amazon and department stores grows, the latter could suffer.
    After a technical glitch that affected shoppers on Monday afternoon and evening, Prime Day is now in full swing. As shoppers turn their attention to scoring Prime Day deals, Amazon's brick-and-mortar competitors could...
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  • Rep. Keith Ellison Slams Amazon for Selling ‘Hate Group' Merchandise

    Rep. Keith Ellison Slams Amazon for Selling ‘Hate Group' Merchandise

    3 monthes ago - By Fortune

    Prime Day is here, but Amazon is facing backlash for selling merchandise promoted by known hate groups. Rep. Keith Ellison sent a letter to Amazon CEO Jeff Bezos Tuesday, voicing concerns about the company's income from such items.
    “I would like to know whether Amazon is committed to ceasing the sale of all products that promote hateful and racist ideologies,” wrote Ellison. “For a company with a policy prohibiting the sale of ‘products that promote or glorify hatred, violence, racial, sexual, or religious intolerance or promote organizations with such views,' there appear to be a...
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  • Cost Controls Perpetuate U.S. Hotel Profit Growth In 2017 - By Robert Mandelbaum

    Cost Controls Perpetuate U.S. Hotel Profit Growth In 2017 - By Robert Mandelbaum

    3 monthes ago - By Hotel News Resource

    U.S. hoteliers enjoyed an eighth consecutive year of increasing profits in 2017 despite another slowdown in the rate of revenue growth. According to the 2018 edition of Trends® in the Hotel Industry, total operating revenue increased by 2.0 percent in 2017 for the average hotel in its survey sample.
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  • Amazon Stumbles Into Blunder on Prime Day

    3 monthes ago - By Washington Post


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  • Angry consumers are protesting against Amazon for selling products with white-supremacist and anti-Semitic messages

    Angry consumers are protesting against Amazon for selling products with white-supremacist and anti-Semitic messages

    3 monthes ago - By Business Insider

    Some consumers and advocates are protesting against Amazon for selling products that convey messages of anti-Semitism, white supremacy, and other hate. Many are urging others not to shop the Prime Day sales.
    Despite Amazon's policy prohibiting its third-party sellers from selling any products that "promote or glorify hatred, violence, racial, sexual or religious intolerance," several items have slipped through the gaps.
    These items include Neo-Nazi paraphernalia and products with the image of Pepe the Frog.
    Amazon is being accused of profiting from the sales of products with racist and...
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  • Wells Fargo's Results Will Continue To Be Impacted By Fed's Enforcement Order

    3 monthes ago - By Forbes

    The second quarter of the year was an overall disappointing period for Wells Fargo, with the U.S. banking giant falling short of investor expectations when it reported results late last week.
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  • Liquor Wholesaler Lists $35M Penthouse On Ocean In Florida's Bal Harbour

    3 monthes ago - By Forbes

    Chris Carlos, a partner at Republic National Distributing Co., one of the largest U.S. liquor wholesalers, spent $25 million last year on a penthouse condominium near Miami Beach, Florida. After $6 million of renovations, he listed the unit this week for $35 million.
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  • Amazon reveals the 5 top-selling items on Prime Day as website glitches fail to spoil the holiday

    Amazon reveals the 5 top-selling items on Prime Day as website glitches fail to spoil the holiday

    3 monthes ago - By Business Insider

    Amazon says this year's Prime Day is off to its strongest start ever in the United States, despite technical glitches that prevented customers from shopping.
    Shoppers gobbled up Amazon 's own devices, like the Fire TV Stick, Echo Dot, and Fire 7 tablet. The Instant Pot and LifeStraw rounded out the top five.
    Website glitches on Amazon.com started immediately as Prime Day began, with the website presumably crushed under the strain of a horde of shoppers.
    Amazon Prime Day is already off to a roaring start, despite a few bumps in the road.
    Though technical glitches marred the start of Prime...
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  • Amazon Prime Day U.S. sales bigger than last year, despite site issues

    Amazon Prime Day U.S. sales bigger than last year, despite site issues

    3 monthes ago - By Tech Crunch

    Despite the massive glitches that prevented online shoppers from being able to browse and buy from Amazon's Prime Day sale yesterday, the retailer is this morning claiming its Prime Day sales in the U.S. are “bigger than ever,” and grew faster than last year's Prime Day within the first ten hours of the annual sales event. In addition, customers bought “millions” of Amazon devices, including Amazon's top sellers Fire TV Stick, Echo Dot, Fire 7 tablet, as well as the Instant Pot 6 Qt, and the Lifestraw Personal Water Filter for Hiking, Amazon said.
    While Amazon doesn't tend to reveal hard...
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