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UPS hits customers with new fees for oversized packages

“The new fees add to charges UPS announced last year for oversized items and come as the world’s largest package delivery company is investing billions of dollars to expand and automate its U.S. sorting facilities” reports businessinsider.com. With the growth of e-commerce, retailers are shipping whatever they can and it’s very hard for UPS to manage that,” Haber said. Source: businessinsider.com Share This:

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Toys ‘R’ Us demise could spur merger boom in U.S. toy market

“With Toys ‘R’ Us out of the picture, retail power has shifted to Walmart, Target and Amazon, said Jackie Breyer, editor-in-chief of industry magazine The Toy Book” writes Midwest Communications Inc for 95kqds.com. But toy sales in the U.S. have been slowing and with Toys ‘R’ Us gone, toy makers have lost an incubator for new and experimental toys that other retailers were not willing to bet on. Source: 95kqds.com Share This:

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Amazon is growing its gross profit at a staggering rate

“That’s nearly five times as much gross profit growth as Morgan Stanley expects for the top five retailers combined” writes Photo Mandel Ngan for cnbc.com. The difference is staggering: Amazon grew its gross profit by $7 billion during the first quarter.To illustrate this change, Morgan Stanley compared the year-over-year dollar growth in Amazon’s first-quarter gross profit with what the top five retailers are collectively expected to book.That change is partly driven by the growth in Amazon’s gross profit — the money left after taking out fixed costs for things such…

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Click Frenzy Mayhem 2018 deals: Roundup of best bargains

“Click Frenzy Mayhem 2018 kicks off tomorrow at 7pm at clickfrenzy.com.au, with 99 per cent off some items, including special Go Nuts deals for subscribers” writes Alexis Carey for news.com.au. And in November last year, many Click Frenzy shoppers were left disappointed after a number of web pages at partnering retailers failed to keep up with the sudden surge in demand.Also, be sure to refresh your page regularly to make sure you don’t miss it,” Mr Arnott said. “You must subscribe at www.clickfrenzy.com.au — it’s free, and Click Frenzy does…

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Buy tires on Amazon, install them at Sears

“As part of the deal, Sears said its DieHard brand of tires are available on Amazon for the first time” writes The Associated Press for seattletimes.com. It’s the latest deal between Sears and Amazon as the struggling department store operator seeks to boost sales.NEW YORK (AP) — Shoppers will be able to buy any brand of tires on Amazon.com, have them shipped to a Sears Auto Center and then bring in their car to get them installed. Source: seattletimes.com Share This:

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Ocado courts global food retailers with robot army

“Retailers around the world are experimenting with different ways of picking online grocery orders, seeking to balance speed with cost as ecommerce takes off for food” writes Midwest Communications Inc for 95kqds.com. Ocado says Andover, powered by its own software and hardware, is the most advanced system for online grocery on the planet.Ocado will build warehouse facilities and provide all the end-to-end software – effectively offering a one-stop shop for the partners’ online grocery operations.Ocado has struck deals for its Ocado Smart Platform (OSP) with France’s Casino, Canada’s Sobeys and…

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Microsoft CEO says ‘trust’ will push the company ahead of Amazon, Google

“Microsoft CEO Satya Nadella says consumer trust will push the company’s cloud product ahead of competitors Amazon and Google” writes Jon Fortt for cnbc.com. “Trust, not just in the technology, the ethics around A.I., privacy, security — all that also matters —[but] trust in [the] business model,” Nadella told CNBC in an interview published Monday. Core business models of tech firms have come under heightened scrutiny in recent weeks, amid growing concerns about user privacy and revelations of just how much data companies like Facebook and Alphabet’s Google collects on…

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Nestle reaches deal to settle row with European retailers

“FILE PHOTO: The Nestle logo is seen during the opening of the 151st Annual General Meeting of Nestle in Lausanne Thomson Reuters ZURICH (Reuters) – Swiss food group Nestle confirmed on Wednesday it had reached an agreement with European retailers to settle a months-long pricing row” reports businessinsider.com. Nestle has for months faced off with AgeCore, a Geneva-based group representing six European retailers — including Germany’s Edeka and Switzerland’s Coop — who had boycotted Nestle products as they sought better supply terms. Source: businessinsider.com Share This:

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NBN’s speed slowed by reliance on copper network, its CEO admits

“In a position paper released on Friday, Bill Morrow is frank about the challenges of fibre-to-the-node (FTTN) technology and use of the copper network, a signature policy of Malcolm Turnbull in his time as communications minister” writes Paul Karp for theguardian.com. NBN has also announced 1.5m homes and businesses who are not already connected to FTTN will get new fibre-to-the-kerb technology over the next two years, which is faster because it uses less of the copper network. Source: theguardian.com Share This:

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