Online retailer Amazon.com Inc. announced lower fees it charges merchants that sell small, flat products that can fit in envelopes. Effective July 1, 2016, sellers would pay $1.61 to ship three, flat, 1-ounce packages, which is 67 percent lower than the existing fee. Covering merchants using the online retailer’s Fulfillment By Amazon Small and Light program, the move is seen as part of the online retailer’s efforts to better compete with marketplaces owned by rivals Alibaba Group Holding Ltd., EBay Inc., and Wish.com that link China-based sellers with shoppers in the US.
"Amazon Cuts Shipping Fees in Threat to Alibaba’s U.S. Business", Bloomberg Technology, June 16, 2016
Six chief executive officers from the retail industry are among the 50 Highest Rated CEOs list for 2016 from Glassdoor. Apple CEO Tim Cook is on 8th place overall, with Glassdoor employee approval rating of 96 percent. Supermarket chain H-E-B’s CEO Charles C. Butt dropped 16 places from his third place finish in 2015 to 19th overall, with employee approval rating of 95 percent. Nike CEO Mark G. Parker, whose e-commerce business goal for his company is $7 billion in revenue by end of fiscal year 2020, has an employee approval rating of 94 percent. At 46th place is Costco CEO Craig Jelinek who has 92 percent employee approval rating. Laurent Potdevin, CEO of yoga and fitness apparel retailer lululemon, has an employee approval rating... More
"Retail's 6 Highest Rated CEOs", Retail Info System, June 14, 2016