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Amazon Announces Lower Shipping Fees To Better Compete With Online Rivals

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 Retail Chief Executives Make It To Glassdoor's 2016 List Of Top 50 CEOs

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

 
Companies, Organizations  

Private Label's Share Of FMCG Market In Western Economies Falls

In 2015, private-label products’ share of the FMCG market in Europe in terms of value dropped by 0.6 points to 38.3 percent, compared with the previous year, according to IRI Worldwide. Data from the report “Private Label in Western Economies” revealed private-label unit market share also dropped by 0.5 points to 47.4 percent during the period. These numbers prove that the segment’s downward trend, which started in 2014, has continued, as well as focus on the challenges faced by private-label retailers and manufacturers across Europe. Among the eight countries covered by the study, France showed the highest decrease in private label’s market share, although it has a high share at 34.1 percent compared with Italy’s 17.2 percent... More

"Private Label in Western Economies", IRI, June 22, 2016

Retail's 6 Highest Rated CEOs

Retail Info System, June 14, 2016

Earnings Release  

Tesco Posts Second Straight Quarter Of Sales Growth In 1Q 2016

Tesco reported like-for-like sales grew 0.9 percent in the first quarter ending May 28, 2016, compared with the same period in 2015. Marking the second straight quarter of growth, total sales grew 1.1 percent at constant rates. At actual exchange rates, however, sales grew 1.8 percent, with a 0.7 percent positive foreign exchange rate effect due to a weaker sterling against European currencies. Supported by the retailer’s Brand Guarantee program, Tesco now offers customers a weekly shop that is 6 percent cheaper than it was in September 2014, the company said.

"First Quarter Trading Statement 2016/17", Tesco, June 23, 2016

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