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October 15, 2015 at 11:18 am
Local delivery is one of the most crowded spaces in tech right now, and ride-hailing giant Uber wants a piece of it. At long last, the company is introducing a fleshed-out same-day delivery program for brick-and-mortar businesses under the name “UberRush.” Uber has already started testing this in New York City and is now expanding the…
October 14, 2015 at 11:41 am
Goodlettsville, Tenn.-based Dollar General announced a corporate restructuring Tuesday that will eliminate 255 jobs, including about 115 vacant positions. The discount retailer is restructuring its corporate support to improve efficiency and reduce expenses, according to a news release.
October 14, 2015 at 11:32 am
Retail sales edged up just slightly in September as a sharp drop in gasoline prices tempered purchases and consumers pulled back after opening their wallets in previous months. Purchases at stores and online rose 0.1 percent, the Commerce Department said Wednesday. Economists expected a 0.2 percent rise. But even excluding volatile autos and gasoline, sales were virtually…
October 14, 2015 at 11:22 am
Neiman Marcus Group, the U.S. luxury specialty department store chain that registered with regulators in August for an initial public offering, has pushed back its stock market flotation to 2016, according to people familiar with the matter. The Dallas-based company, which is owned by private equity firm Ares Management LP and the Canada Pension Plan Investment…
October 14, 2015 at 11:10 am
Amazon.com overcharged many sellers’ accounts last week, and sellers are calling into question the way the company handled the overbilling incident. Sellers discovered Amazon charged their account 600 pesos (approximately $37) for fees to Amazon Mexico, even though they had never signed up to sell on the Mexican marketplace. (The amount varied slightly from seller to…
October 14, 2015 at 11:05 am
The board of Staples Inc. has adopted a new policy that limits severance benefits for senior executives. Going forward, the company won’t pay severance benefits — under any existing or future employment or severance agreement — that exceed 2.99 times the sum of a senior officer’s base salary plus target annual cash incentive award, without seeking…
October 13, 2015 at 2:18 pm
Dollar Tree, parent company of Family Dollar, will rebrand hundreds of its Deals stores into Dollar Trees or Family Dollars by next summer as it works to expand the combined company. Dollar Tree bought 138 Deals stores in March 2006 and has grown the chain to 222 stores in 19 states. Dollar Tree said it will…
October 13, 2015 at 2:09 pm
Today, PayPal announced the expansion of Return Shipping on Us, a service that refunds return shipping costs to consumers on eligible online purchases using PayPal from around the globe. The service will now be available to PayPal users in the United States, in addition to the nearly 40 markets in which it already exists. The service…
October 13, 2015 at 2:04 pm
GameStop has announced its brick-and-mortar locations will remain closed on Thanksgiving, the latest in a new trend this holiday that sees some retailers opting not to compete as aggressively for sales that day. Over the past several years, retailers have increasingly pushed back store opening times to kick off the holiday season. First they inched earlier and…
October 13, 2015 at 1:58 pm
As Facebook angles to become the one and only place you spend your digital life, its effort to transform your news feed into a storefront is once again ramping up. The tech giant said Monday that it will be testing a few new ways to shop in its app. Facebook says that in coming weeks it will test a…
