Tags: Amazon

Why shopping app Temu could be cause for consumer concern

If you hadn’t yet heard of Temu, chances are you would have soon. Consider it a wannabe Amazon, another morally questionable online retailer with prices so low you can understand why an inflation-plagued consumer would want to take advantage. And it’s only getting more popular — unique visitors in the U.S. catapulted from 5.1 million…

Locked down: stores struggle to deter rising thefts

The smartest insight and analysis, from all perspectives, rounded up from around the web: Retailers are blaming rampant shoplifting for their shrinking bottom lines, said Hamza Shaban in Yahoo.com. “In waves of earnings calls” last week, major store chains like Dick’s Sporting Goods, Target, Macy’s, Home Depot, and Dollar Tree took pains to mention “the…

10 things you need to know today: August 13, 2023

1 Maui blaze becomes deadliest wildfire in a century as death toll rises to 93 At least 93 people have died from the wildfire that struck the island of Maui, Hawaii, making it the deadliest wildfire in modern American history. The fatalities were confirmed Saturday evening in a news release from Maui County, which added…

10 things you need to know today: August 19, 2023

1 Hurricane Hilary bringing unprecedented storm warnings to Southwest Hurricane Hilary is likely to bring heavy rainfall and flooding to the Southwest United States and parts of Mexico this weekend, as the region prepares for a rare tropical storm to make landfall. Hilary will likely still be a hurricane when it reaches the Baja California…

Amazon slashes its way to higher profits

The smartest insight and analysis, from all perspectives, rounded up from around the web: Amazon reminded investors last week that it’s no Big Tech afterthought, said Spencer Soper in Bloomberg. The retail giant “pulled off a financial double play this earnings season,” generating big earnings growth while cutting spending. The results sent shares soaring to…

10 things you need to know today: August 13, 2023

1 Maui blaze becomes deadliest wildfire in a century as death toll rises to 93 At least 93 people have died from the wildfire that struck the island of Maui, Hawaii, making it the deadliest wildfire in modern American history. The fatalities were confirmed Saturday evening in a news release from Maui County, which added…

10 things you need to know today: August 19, 2023

1 Hurricane Hilary bringing unprecedented storm warnings to Southwest Hurricane Hilary is likely to bring heavy rainfall and flooding to the Southwest United States and parts of Mexico this weekend, as the region prepares for a rare tropical storm to make landfall. Hilary will likely still be a hurricane when it reaches the Baja California…