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37 votes
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Walmart buying TV-brand Vizio for its ad-fueling customer data
48 votes -
US grocery stores should cut prices as costs ease, Joe Biden White House says
29 votes -
Why Walmart pays its truck drivers six figures
16 votes -
‘No cash accepted’ signs are bad news for millions of unbanked Americans
55 votes -
TIL: Don't use your points directly on Amazon
Maybe everyone knows this, but I suspect not. For years, I've been using the points I earn on a Chase Freedom card directly on Amazon. I just found out today that I'm only getting 80% of the...
Maybe everyone knows this, but I suspect not. For years, I've been using the points I earn on a Chase Freedom card directly on Amazon. I just found out today that I'm only getting 80% of the value. Redeeming 26,345 points at Amazon yields $210.76. Redeeming 26,345 points on the Chase website (for an Amazon gift card) yields $263.45.
The Chase Amazon Prime Visa does give 100% of value directly on Amazon's site.
30 votes -
‘Winning requires hard work’: Wayfair CEO sends employees a gloomy pre-holiday email following layoff-filled year
27 votes -
IKEA has warned of product delays following rebel attacks on ships using the key Red Sea trade route
14 votes -
Costco capitalism
23 votes -
Los Angeles is exploring banning cashless businesses, following the example of New York City, Philadelphia, Massachusetts, Colorado, New Jersey, Rhode Island and Washington, DC
59 votes -
“Going shopping” is dead: How stores sucked the fun out of an American pastime
62 votes -
What happens to all the stuff we return?
39 votes -
The fight over a US Congress bill targeting credit card fees pits payment companies against retailers
23 votes -
Mastercard move at cannabis shops intensifies call for US decriminalization
42 votes -
San Francisco’s downtown becomes a wake-up call for other cities in the US
60 votes -
Americans turning to installment apps Klarna, Affirm to buy groceries
50 votes -
Should retail businesses be required to accept cash?
inspired by a law my local county council has been debating (local news article, press release from January from the sponsoring councilmember, and actual text of the proposed law) from the press...
inspired by a law my local county council has been debating (local news article, press release from January from the sponsoring councilmember, and actual text of the proposed law)
from the press release:
During and even before the COVID-19 pandemic, many businesses in the Seattle area and beyond began shifting to cashless operation, leaving people who rely on cash with fewer options to purchase goods and services. Research, however, shows that cashless businesses most impact communities of color, seniors, people with disabilities, undocumented residents, refugee and immigrant and communities and low-income communities.
...
At least 2.1% of Washington residents are unbanked, meaning they don’t have bank accounts, credit cards or other typical financial services, according to the 2021 FDIC Household Survey. Five-year estimates put that number even higher – at 3.1%. More than 17% of residents are underbanked, meaning they might have a bank account but often rely on alternative financial services, such as money orders, check-cashing services and payday loans.
...
The legislation would require businesses in unincorporated King County to accept cash for most retail transactions, and to not charge higher prices than for another form of payment. It would allow for retailers to only accept up to $250 in cash payment for single transactions larger than that amount. It would allow for civil actions to be brought by someone whose cash payment was refused.
what do you think about requiring this?
(especially interested in responses from around the world and not just the US, since I think cash vs. card reliance varies considerably by country)
51 votes -
IKEA is using more wood from Sweden and the Baltics to make up for not sourcing it from Russia and Belarus, which the company has shunned due to Moscow's war in Ukraine
4 votes -
Barnes and Noble's surprising turnaround
18 votes -
Iceland Foods has lost its ongoing legal battle with the country Iceland over the frozen food retailer's trademark name after the EUIPO dismissed its appeal
7 votes -
Counterfeits, fraud, and theft: Why Silca changed its return policy
8 votes -
Lego is to cease all operations in Russia indefinitely after pausing deliveries to its eighty-one stores in the country in March
13 votes -
FTC sues Walmart for facilitating money transfer fraud that fleeced customers out of hundreds of millions
9 votes -
Trader Joe's workers in Massachusetts file to create chain's first union
16 votes -
On Amazon's return and refund algorithms
5 votes -
Mini-warehouses dubbed “dark stores” are quietly taking over urban retail space
7 votes -
The warehouse shortage in the US
3 votes -
Dollar Tree makes it official: Items will now cost $1.25
14 votes -
IKEA furniture and homeware prices are to rise as a result of lasting disruption to its supply chain – increased cost of raw materials knocked its full-year profits
5 votes -
Amazon copied products and rigged search results to promote its own brands, documents show
20 votes -
Lego profits more than doubled in first six months of the year – Danish toymaker was one of the winners from Covid restrictions
7 votes -
Walmart to pay 100% of college tuition and books for associates
11 votes -
The economics of dollar stores
6 votes -
Elon Musk announces that Tesla will no longer accept Bitcoin for vehicle purchases citing the energy demand required to maintain the cryptocurrency
@Elon Musk: Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
27 votes -
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment
22 votes -
Furniture giant IKEA is planning to sell spare parts for its furniture – its aim is to prolong the life of its products and dispel the idea that it makes disposable goods
19 votes -
As US shopping habits change, ports and cargo carriers struggle to keep pace
7 votes -
GameStop's stock has surged 1,500% in nine months after activist investors take board seats along with a massive short squeeze
30 votes -
Some educated guesses about the companies, products, and services that are facing down a terrible 2021
9 votes -
Jeans now, pay later: Are the new online services that allow you to buy just about anything in interest-free installments too good to be true?
8 votes -
FedEx and UPS hit companies with unexpected holiday shipping limits
9 votes -
What is the right price for fashion?
7 votes -
The economics of vending machines
9 votes -
CEO of Philip Morris, the company that makes Marlboro, says cigarette sales may end within ten to fifteen years
9 votes -
Multiple court rulings have found Amazon responsible for defects in products sold by third-party merchants
6 votes -
More than half of San Francisco storefronts closed due to pandemic
8 votes -
eBay is reportedly getting close to a deal to sell its classified-ads business to Adevinta, a Norwegian company that runs online marketplaces
6 votes -
A risky bet by America’s mall owners: Plucking retailers out of bankruptcy to salvage a pandemic-hit industry
7 votes -
Walmart+, an Amazon Prime competitor, launches in July
16 votes -
Nearly half of commercial retail rents were not paid in April and May
9 votes