Business InsiderInvestingSome Peloton customers say they have 'no intention' of returning recalled treadmills despite a child dying and several others... verified_publisherBusiness Insider - Mary HanburyNews of Peloton recalling its high-tech treadmills sent shockwaves around the market Wednesday, wiping out $4 billion of its market cap, and leaving customers – who had invested in these pricey machines...
Business InsiderSmall Business Amazon policies for delivery drivers reportedly include rules on body odor, personal grooming, and social media restrictions verified_publisherBusiness Insider - Grace KayAmazon work rules regulate delivery drivers' personal grooming and social media habits, according to a recent report from Bloomberg on Wednesday. The company dictates specifics, including body odor and...
Business InsiderRetail Amazon commands US ecommerce, even though its market share varies by category verified_publisherBusiness Insider - Blake DroeschAmazon's US ecommerce sales will grow by 15.3% this year to $367.19 billion after a meteoric 44.1% rise in sales during 2020. Ecommerce sales at many of Amazon's competitors—including Walmart and Target—are...
Business InsiderProduct RecallsPeloton will face investors one day after it recalled thousands of treadmills. Here are the top questions executives will... verified_publisherBusiness Insider - Grace KayPeloton recalled more than 125,000 treadmills on Wednesday, sending the company's stock price plummeting. On Thursday, executives will face questions from analysts and investors who will likely be looking...
Business InsiderAdidas Nike and Adidas saw their online sales plummet in China over the Xinjiang cotton boycott verified_publisherBusiness Insider - Mary HanburyAdidas and Nike are feeling the effects of a consumer boycott in China. According to a note from Morningstar analyst Ivan Su, online sales of Adidas and Nike products on Alibaba's Tmall platform fell 78%...
Business InsiderAmazon Prime I'm an Amazon seller and I experienced how Amazon's hidden fees and crushing requirements choke out small businesses verified_publisherBusiness Insider - Rabbi Yael BuechlerAs a child I could sit for hours cranking out bows with my grandfather, known to us as "Pop." After affixing a spool of ribbon to an aqua-colored machine, I'd turn a lever to activate the bow-making arm....
Business InsiderCigars China is now the world's biggest market for Cuban cigars verified_publisherBusiness Insider - Katie WarrenChina has overtaken Spain to become the world's biggest market for pricey Cuban cigars, according to Habanos, Cuba's state-owned cigar company. "For the first time in our history, China has become our...
Business InsiderMobile 5G will advance payments and mobile commerce verified_publisherBusiness Insider - Jim DavisThough still in the early stages of rollout, 5G technology could bring about positive changes to the retail industry, as retailers seek to maintain their digital transformation efforts and bring consumers...
Business InsiderPandemicsTHE ONLINE GROCERY REPORT: Coronavirus is accelerating US online grocery shopping adoption—here are the market stats, trends... verified_publisherBusiness Insider - Daniel KeyesThe coronavirus pandemic has brought online grocery—a promising but formerly niche industry—to the fore. The combination of shoppers' interest in avoiding public places, government orders to stay at home,...
Business InsiderHoverboards A California court case over a flammable hoverboard could force Amazon to change its entire third-party sales business model verified_publisherBusiness Insider - Áine CainAmazon is facing a legal challenge in California that could upend its lucrative third-party sales business. The incident behind the lawsuit began when a woman named Kisha Loomis purchased a hoverboard...
Business InsiderRetail Click-and-Collect 2021: Buy Online, Pick-up In Store (BOPIS) Industry Trends verified_publisherBusiness Insider - Insider IntelligenceIt's no surprise that the ecommerce industry saw massive growth amid the pandemic, as consumers turned to online shopping to avoid crowds. But we can't ignore another segment of retail that saw significant...
