The nation’s largest retailer is increasing pay for its long-haul truck drivers. Walmart’s truck drivers have long been some of the best compensated in the U.S. But, now the retailer is increasing starting salaries for their truck drivers from $87,500 per year to $95,000 to $110,000. Truckers for the other...
Apple Inc, the ever-evolving tech giant, is broadening its sphere of influence once again. According to Bloomberg News, the newest move by Apple has the potential to change how small businesses conduct point-of-sale transactions.  In 2020, the company paid roughly $100 million for the Canadian startup Mobeewave, which offers a...
Lowe's stores aim to become more of a "one-stop-shop" for consumers. The home improvement company is launching a pilot program with pet store Petco. The two retailers have shared that their first pilot program will launch in San Antonio, Texas, as early as February, with as many as 14...
One of the nation’s most iconic department stores is permanently shuttering some of its doors and closing beginning the first quarter in 2022. Included in the closures are six of its full-line department stores and a Bloomingdale outlet store. According to a Macy’s spokesperson, workers who are directly impacted by...
According to a Mastercard Inc SpendingPulse report, retail sales in the U.S. during this holiday season rose by 8.5 percent. The 2021 holiday shopping season ran from November 1 to December 24. The bulk of the sales was driven by online shopping, which jumped by 11 percent this season. The...
Many retailers have been left unprepared as supply chain shortages have left the industry scrambling. But Amazon, the world’s largest online retailer, has fared better than most because the company had already been chartering private ships and leasing jets to get its merchandise where it needs to go. The...
On this year’s Cyber Monday, consumers spent 1.4 percent less than they did in 2020. In all, consumers spent a total of $10.7 billion, and it was the first time in history that Americans spent less than previously logged. Cyber Monday is typically one of the biggest shopping days...
Gatik, a Silicon Valley autonomous delivery startup, has been operating two fully autonomous trucks for Walmart deliveries since August. Walmart said that it had started using driverless trucks for its online grocery business to help increase capacity and improve efficiency. The trucks have operated for 12 hours at a...
Levi Strauss & Co has announced that its fiscal third-quarter sales and earnings have surpassed the projections of analysts. The news comes just as consumer demand for denim has increased thanks to students returning to school. Shoppers have been flocking to brick and mortars and online websites for their...
On Monday, Amazon launched deals in several categories akin to Black Friday bargains in hopes of drawing early holiday shoppers. Retailers have encouraged shoppers to start early as supply chain issues, inflation, and labor shortages impact the industry. Major retail companies are also concerned about gifts being delivered on...