News 

Amazon’s B2B segment could potentially be the e-tailer’s most lucrative business

“The B2B industry offers a tremendous opportunity that’s far bigger than business-to-consumer (B2C) retail, potentially enabling Amazon Business to thrive” writes Daniel Keyes for businessinsider.com. Meanwhile, B2B e-commerce offers a potentially larger sales opportunity that Amazon is just starting to tap into, so it’s possible that Amazon Business will be the e-commerce titan’s most important segment in the years ahead.B2B e-commerce was estimated to reach over $1 trillion in the US in 2018, while US retail e-commerce sales only amounted to $524 billion last year.There are several reasons why Amazon Business might succeed in…

Read More
News Regulators 

This Week: GameStop earns, Fed meeting, retail sales

“Recent sales data suggest higher tariffs on many consumer products imported from China have not completely held Americans back from spending” writes The Associated Press for seattletimes.com. New data on U.S. retail sales will provide another view of how the holiday shopping season is going.Economists predict the Commerce Department will report Friday that retail sales rose 0.4% in November.A look at some of the key business events and economic indicators upcoming this week: The video-game retailer slid to a loss in the second quarter versus a year earlier. Source: seattletimes.com

Read More
News 

How technology and retail trends have changed shoplifting, for better and worse

“Over the past quarter-century, retail theft and fraud are trending down, thanks to technology such as store security cameras and anti-theft tags on merchandise” writes Julie Mack for mlive.com. The law makes it a five-year felony to steal from retail stores with the express purpose of reselling goods.In Michigan, there were 47 arrests for organized retail theft rings in 2014. Source: mlive.com

Read More
News 

Customers are fuming saying they received Black Friday Amazon orders that contained condoms, toothbrushes, or even a tambourine instead of a Nintendo Switch

“Amazon apologized this week after receiving a barrage of complaints from customers who reported receiving random items including batteries, condoms, books, and even a tambourine instead of their Black Friday purchases” writes Finanzen Net Gmbh for businessinsider.com. According to the National Retail Federation, holiday retail sales in November and December are expected to achieve record revenue of between $727.9 billion and $730.7 billion. According to the National Retail Federation, holiday retail sales in November and December are expected to achieve record revenue of between $727.9 billion and $730.7 billion. Source: businessinsider.com

Read More
News 

Customers are fuming after receiving Black Friday Amazon orders that contained condoms, toothbrushes, or even a tambourine instead of a Nintendo Switch

“Amazon apologized this week after receiving a barrage of complaints from customers who reported receiving random items including batteries, condoms, books, and even a tambourine instead of their Black Friday purchases” writes Rosie Perper for businessinsider.com. According to the National Retail Federation, holiday retail sales in November and December are expected to achieve record revenue of between $727.9 billion and $730.7 billion. According to the National Retail Federation, holiday retail sales in November and December are expected to achieve record revenue of between $727.9 billion and $730.7 billion. Source: businessinsider.com

Read More
News 

Ikea Retail US Adopts Returns Optimization Tech to Cut Supply Chain Waste

“Ikea Retail US plans to implement returns optimization technology made by Optoro in 10 distribution centers, 50 retail stores, and their customer support center in the United States” writes Alyssa Danigelis for environmentalleader.com. The retailer expects that the platform will help reduce waste from its reverse supply chain.Citing data from the National Retail Federation, the retailer noted that $400 billion in goods are returned every year in the US. “Historically, many returns end up in landfills and the transportation of these goods contributes to retail’s carbon footprint,” the retailer said. Source:…

Read More
News 

Read this before you panic about a global coffee shortage

“But she added that if international coffee prices rise a long way, that could happen” writes Brett Arends for marketwatch.com. Meanwhile, the ICO reports that global coffee production by exporting countries has risen by about a fifth over the past 10 years and by around 50% over the past 20.At $1.22 a pound, raw, unroasted coffee prices make up barely a third of the cost even of cheap coffee bought in a tub at an inexpensive supermarket.As a result, a 20% jump in raw coffee prices might add only about…

Read More
News 

Store credit cards might score you a discount up front, but you should avoid them for 3 reasons

“Unlike with store credit cards, which normally only shave a few hundred dollars of your purchase total when you sign up, it’s pretty common for travel credit cards to offer sign-up bonuses worth more than $1,000” writes Carly Helfand for businessinsider.com. Store credit cards tend to reward you for shopping at that particular store, and not necessarily anywhere else.But while store credit cards may sound enticing in the moment, they’re often a bad idea.The average APR for retail store credit cards is 26.01, according to an October report from CreditCards.com.Store…

Read More
News 

Letter from the Editor: We aim to clear the haze on legalized marijuana

“Here is what you can buy when recreational marijuana shops open in Michigan” writes John Hiner for mlive.com. Not to mention that marijuana is an illegal substance under federal law, and that more than 600 local communities in Michigan already have moved to ban retail marijuana operations.We committed to this topic months before the ballot initiative, sending a reporter and photographer to Oregon for a series of stories in September 2018 that explained how legal, recreational marijuana was working in that state.And you could sense a turning tide as more…

Read More