Category: BUSINESS

The Workers? Toys ‘R’ Us, Back From the Dead, Will Open U.S. Stores in 2019

Maybe American kids will only have to live through one Christmas without Toys “R” Us.

About a year after shuttering U.S. operations, the remnant of the defunct toy chain is set to return this holiday season by opening about a half dozen U.S. stores and an e-commerce site, according to people familiar with the matter.

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Chick-fil-A is now the 3rd-largest restaurant chain in America…

Chick-fil-A has whipped past rivals to become the third-largest restaurant chain in the US.

The chicken chain’s massive growth in 2018 moved it into the No. 3 spot on the ranking of the largest restaurant chains in the US, with $10.46 billion in American systemwide sales, according to Nation’s Restaurant News analysis published Monday.

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Dollar General is rolling out FedEx drop-off and collection services at thousands of its stores to help it take on Walmart

There are over 15,000 Dollar General stores in the US and by the end of 2020, just over half of these will offer FedEx drop-off and collection services.

This new partnership, which was announced on Monday, is mutually beneficial. It enables FedEx to offer convenient services to a broader range of shoppers (thanks to Dollar General’s giant store base) and gives these customers another reason to visit a Dollar General store. The hope is that by offering more services customers become more loyal, use the store more frequently, and spend money on other things when they’re there.

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Amazon Turns Shopping Malls Into Warehouses, Changing America’s Community Landscape

After helping drive local shopping malls toward collapse, Amazon is coming back to finish the job: turning them into warehouses.

That’s according to scores of reports in recent years, including one early this month published in the Wall Street Journal, discussing how Amazon keeps on turning old malls into fulfillment centers in Northeast Ohio.

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Algorithms are maximising profits for online retailers by colluding to keep prices high

Have you ever searched for a product online in the morning and gone back to look at it again in the evening only to find the price has changed? In which case you may have been subject to the retailer’s pricing algorithm.

Traditionally when deciding the price of a product, marketers consider its value to the buyer and how much similar products cost, and establish if potential buyers are sensitive to changes in price. But in today’s technologically driven marketplace, things have changed. Pricing algorithms are most often conducting these activities and setting the price of products within the digital environment. What’s more, these algorithms may effectively be colluding in a way that’s bad for consumers.

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Cord cutting continues as consumers cut cable in record numbers

cord cutting

More bad news for the network liars. According to this Fortune report, more and more people are cord cutting forcing companies like AT&T and Comcast to raise their rates.

The rate of consumers dropping their cable and satellite TV packages hit the highest level ever in the last three months of 2018. And for the first time in a few years, the losses weren’t more than offset by people signing up for Internet TV subscriptions.

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DESPERATION: Kmart opens a store inside an existing Sears store

SEARS

PHOTO CREDIT: RETAILDIVE.COM

Seriously, I’m not making this up. Kmart has opened a 10,000 square foot convenience store inside a Sears store. This multi-level cluster**** is located in Brooklyn, New York and offers a full range of necessities like groceries, grab and go snacks, health and beauty supplies, and finally cleaning and pet supplies. I’m not sure if the marketing team at Sears is aware, but Walmart and Target essentially dominate this space, leaving no room for underachieving retailers like Sears and Kmart.

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Did Your Employer Make The List? 25 Most Punished Companies For Wage Theft

Wage Theft

Another interesting report coming from goodjobsfirst.org:

Many of the largest companies operating in the United States have fattened their profits by forcing employees to work off the clock or depriving them of required overtime pay. An extensive analysis of federal and state court records shows that these corporations have been embroiled in hundreds of lawsuits over what is known as wage theft and have paid out billions of dollars to resolve the cases.

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