Nathaniel Meyersohn
Nathaniel Meyersohn
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Best Buy launches a new $200 membership program to fight Amazon

Best Buy launches a new $200 membership program to fight Amazon

New York (CNN Business)Best Buy has a new plan to hold on to shoppers in the crowded market.The retailer said Wednesday that it was a $199.99 annual membership program with free device installations, a concierge service for tech support and other perks. The program, Best Buy Beta, will be available at around 60 Best Buy stores in six states by the end of this month. It also includes free shipping without order minimums, extended return windows and exclusive sales.Best Buy has adapted to competition from online players like Amazon by beefing up customer service and positioning itself as the...

March 15, 2021
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Target saw more sales growth in 2020 than the last 11 years combined. Here's why | CNN Business

Target saw more sales growth in 2020 than the last 11 years combined. Here's why | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — The pandemic drove Target to a record year of sales growth, as shoppers stocked up at its stores and bought .Target’s 2020 sales increased 19.8% to $93.6 billion from $78.1 billion last year, the company said Tuesday. Digital sales, which include home delivery and in-store pickup, increased 145%.Target’s sales growth of more than $15 billion last year was larger than its total sales growth over the past 11 years combined.“Following years of investment to build a durable, scalable and sustainable...

January 30, 2021
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A Trader Joe's worker says he was fired after writing to the CEO about Covid-19 safety protections | CNN Business

A Trader Joe's worker says he was fired after writing to the CEO about Covid-19 safety protections | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — A Trader Joe’s worker says he was fired after writing directly to the chain’s CEO calling for stronger Covid-19 in his store.Ben Bonnema, a Trader Joe’s employee at a store in New York City, wrote an email to Trader Joe’s chief executive Dan Bane on February 26 urging the store to improve its , not allow anyone inside the store without a mask and adopt a “3 strikes” policy for.“We put our lives on the line everyday by showing up to work. Please, show up for us by adopting these policies,” Bonnema...

August 6, 2020
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Best Buy lays off 5,000 workers and plans to close more stores

Best Buy lays off 5,000 workers and plans to close more stores

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February 26, 2021
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Costco raises its minimum wage above rivals like Amazon, Target and Best Buy

Costco raises its minimum wage above rivals like Amazon, Target and Best Buy

New York (CNN Business)Costco will raise its starting rate for hourly store workers in the United States to $16 an hour, putting its starting wage above rivals such as Amazon, Target and Best Buy.Costco has around 180,000 US employees, and 90% of them work hourly. It will hike its minimum wage to $16 beginning next week, chief executive Craig Jelinek said Thursday at a US Senate Budget Committee chaired by Sen. Bernie Sanders on worker pay at large companies. The move comes as Democrats in Congress seek to rally support for a Sanders is the driving force behind Congress' current push to...

February 25, 2021
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Kroger will close more stores over hazard pay laws for workers

Kroger will close more stores over hazard pay laws for workers

New York (CNN Business)Kroger will close two stores in Seattle over the city's $4-an-hour hazard pay requirement for grocery workers, an escalation of the grocery chain's push against newly-passed growing on the West Coast.The company, the largest grocery chain in the United States, will close two of its QFC stores in April in response to Seattle's hazard pay that requires grocery stores in the city that are bigger than 85,000 square feet to pay workers an extra $4 an hour in hazard pay. The law went into effect earlier this month."Unfortunately, Seattle City Council didn't consider that...

September 16, 2020
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Dollar General will pay its workers to get a Covid-19 vaccine

Dollar General will pay its workers to get a Covid-19 vaccine

Stay Updated on Developing StoriesView in AppBy Nathaniel Meyersohn, CNN BusinessNew York(CNN Business) Dollar General wants its employees to get , so it's offering to pay them to do it.The chain said Wednesday that it will give its workers a one-time payment equivalent to four hours of pay after receiving a completed vaccination."We do not want our employees to have to choose between receiving a vaccine or coming to work," said in a press release, noting that its hourly workers face hurdles to getting vaccinated, such as travel time, gas mileage or childcare needs.See moreThe company,...

January 13, 2021
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Walmart scraps shipping minimum for subscription service in move to take on Amazon | CNN Business

Walmart scraps shipping minimum for subscription service in move to take on Amazon | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Walmart is dropping its $35 minimum shipping threshold on online orders for its Walmart+, a move that could make the offering more competitive with Amazon Prime.Walmart said Wednesday that orders for members on items such as electronics, clothing, and other merchandise shipped through Walmart’s fulfillment centers will no longer carry a $35 minimum to qualify for free shipping. But grocery orders delivered through its stores will still carry a minimum purchase requirement.Walmart debuted...

November 27, 2020
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More retailers are closed on Thanksgiving this year | CNN Business

More retailers are closed on Thanksgiving this year | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — The pandemic has transformed the holiday shopping season. Another major difference this year: People planning to shop on Thanksgiving will have fewer options than they have had in the past.Walmart, Target, Best Buy, Dick’s Sporting Goods, Bed Bath & Beyond, and other major retailers announced their decision over the summer to close stores on Thanksgiving Day. Macy’sannounced in September that it will close on Thanksgiving.“We know this has been a trying year, and our associates have stepped...

November 20, 2020
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'Out of control': No one knows how much to tip

'Out of control': No one knows how much to tip

Skip to contentAdvertisement'Out of control': No one knows how much to tipI actually prefer not to call it tipped relation but *** tipping invasion. It's the unwelcome shopping surprise that *** social media buzzing, 18% gratuity is already included in the bill girls water tips *** staple of the service industry now extending far beyond in the drive thru and they've been asking for *** tip on Tiktok. You'll quickly find folks aren't too pleased about it, ordering it online myself. Would you like to add *** tip at the bottom? That's *** little too crazy for me and I refuse. So what's the...

Dec 19
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