Amazon’s Profit Drops after Launching Faster Shipping Service Posted December 6, 2019 Online retail giant Amazon reported a decline in profit in the third quarter of 2019 following the launch of its one-day shipping service. In an effort to outmaneuver
Retail Store Employees Complain of Receiving Less Overall Pay Posted November 27, 2019 Target employees are complaining of receiving lower wages despite the company’s recent move to raise hourly pay. In 2017, the retailer promised to raise its minimum wage from $…
Facebook Still Set to Launch Libra despite Supporters Backing Out Posted November 26, 2019 Facebook still plans to release its digital currency Libra despite major financial firms backing out. At the inaugural meeting of the Libra Association, the…
HP to Cut Thousands of Jobs to Restructure and Boost Sales Posted November 16, 2019 Computer and printer manufacturer Hewlett-Packard [HYOO-luht PAK-erd] (HP) will cut thousands of jo…
Forever 21 Files for Bankruptcy Protection to Recover Business Posted November 11, 2019 American fashion giant Forever 21 files for bankruptcy protection as it struggles to maintain its operations. The clothing chain, known for its affordable and fashionab…
Amazon to Buy 100,000 Electric Vans as Part of Pledge against Climate Change Posted November 4, 2019 Amazon announced that it will buy 100,000 electric delivery vans as part of its pledge to fight climate change. Jeff Bezos, the company’s CEO, made the announcement during a Na…
Report: Number of Closing UK Restaurants Reaches Record High Posted October 25, 2019 Over 1,400 restaurants in the United Kingdom have become insolvent, signifying a crisis in the country’s restaurant industry, according to a recent report. The…
Amazon Criticized for Releasing New Book Earlier Than Scheduled Posted October 20, 2019 Major online retailer Amazon has been accused of violating its business agreement with a major publisher and other book sellers. Earlier, publisher Penguin Random House made bo…
International Clothing Brands to Discontinue Using Leather from Brazil Posted October 12, 2019 American retail giant VF Corporation has announced that it would temporarily halt its use of Brazilian leather amid the wildfires in the Amazon rainforest. The…
Start-up Develops Mapping App to Locate Specific Places Posted October 8, 2019 A London-based start-up developed an app that lets users locate a specific place using a three-word combination. Chris Sheldrick and his two friends, Mohan Ganesalingam and Jac…