KHD Buzz – Amazon Prime Day Dates Set, Report Suggests Retail Bankruptcies May Rise in 2022 and More
Amazon Confirms 2022 Prime Day Dates Amazon.com intends to begin its Prime Day promotion on Tuesday, July 12 at 3 a.m. ET and 12:00 a.m. PT and continue it through the end of July 13. The firm promised “the lowest prices ever” on a selection of products from brands including Beats, Bose, iRobot, Sony, and…
KHD Buzz – Retail Sales Drop in May, US Consumers Expect Inflation to Worsen and More
Unexpected Drop in US Retail Sales for May In May, retail sales in the United States fell more than predicted, as car sales fell and record fuel costs caused people to cut back on spending on other things. Retail sales dipped 0.3 percent last month, down sharply from April’s downwardly revised 0.7 percent growth and…
KHD Buzz – Apple Launches Buy Now Pay Later Service, Recession May Inevitable and More
Buy Now, Pay Later Comes to Apple Pay Apple has joined the Buy Now, Pay Later movement, bringing installment payments to an iPhone near you. Apple Pay Later is a new Apple Pay service that allows consumers to break down purchases into four equal installments with no interest. The new payment method, which is facilitated…
KHD Buzz – Walmart Plans to Deliver 1 Million Drone Packages in a Year, Target Shares Plummet, and More
Walmart Announces Increased Drone Delivery Plans Walmart unveiled major plans for increased drone delivery by the end of 2022 last week. Last year, the store began offering consumer drone delivery to homes in Arizona. It has now announced that it will expand its DroneUp delivery network to six states before the end of the year.…
KHD Buzz – Walmart Deploys More Robots, Amazon Headed to Court Again, and More
Robot Help Heading to All Walmart Distribution Centers All 42 of Walmart’s distribution sites will soon have robotics and automation technology installed. The store had previously stated that 25 of the DCs would be equipped with robots and software automation. The company is collaborating with Symbotic LLC, and the robots will perform a variety of…
KHD Buzz – Retail Sales Rose Again In April, Concerns Over BNPL Offerings and More
US Retail Sales Up Again in April In April, non-inflation adjusted retail sales in the United States increased 0.9 percent month over month as Americans spent more on eating out and shopping for cars, apparel, electronics, and housewares. Read More Harvard Researcher Concerned About Buy Now Pay Later Programs Effects on Consumers Because of an…
KHD Buzz – More Teens Working Retail, Aging Truck Stock Slowing Supply Chains and More
More Teenagers Are Joining the Workforce, and Retail Jobs are the Most Popular Choice According to government figures, teens are currently working in greater numbers than they have been since before the 2008-09 financial crisis, when summer and part-time jobs were a more frequent rite of passage into adulthood. They’ve become especially important in industries…
Social Commerce for Small Retailers: What You Need to Know in 2022
Social commerce refers to an e-commerce practice where consumers place orders for products or services directly through social media platforms like Instagram. It creates new opportunities for businesses to engage with their customers while increasing sales. If you’re a small business owner, social commerce might allow you to market to your customers in a new…
KHD Buzz – Amazon Post’s First Losing Quarter Since 2015, Walmart Offering Commission Discounts to New Marketplace Sellers and More
High Shipping and Warehousing Costs Hit Amazon’s Bottom Line Amazon.com reported its first quarterly loss since 2015 as the impact of increasing costs to run its warehouses and deliver goods to customers hit its bottom line. Amazon’s CEO, Andy Jassy, stated that the company faces problems that it is ready to address. “This could take…
KHD Buzz – Amazon Extends Prime Shipping to Other Merchants, Google’s Digital Ad Growth Slows and More
Amazon Will Allow Other Online Merchants to Provide Prime Shipping Directly on their Websites Amazon has announced that third-party merchants will be able to offer Prime membership perks like free and fast shipping to Prime consumers directly through their own online stores, rather than through Amazon’s platform. The Buy with Prime option will be offered…