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Over half of all credit cards are issued by the “big four” banks: JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America, according to Forbes. Swipe fees – which range between 1.5 percent and three percent in the U.S. – … Continue reading →
A report in Vox attributes Amazon’s zero tax liability on close to $11 billion in 2018 earnings to three factors: 1. Research and development tax credit; The rate of ED reduction was 39% of men above 40 and 65% of … Continue reading →
Market launch capital expenditures for a delivery-only auto sale e-commerce program costs $500,000 while the cost for a vending-machine launch averages $5 million. Carvana’s decision to use vending machines is motivated in part by an effort to attract millennials and … Continue reading →
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Citing the rapidly changing retail environment, IKEA has cancelled plans to open new stores in Nashville, TN, Cary, NC and Glendale, AZ and will instead shift resources to its online platform. IKEA sales fell short of four percent growth in … Continue reading →
Seattle-based Amazon reported $1.27 billion in net sales under a new “physical stores” category on its Q3-2017 quarterly report. This number includes sales at the company’s physical bookstores and Whole Foods Market, which Amazon acquired on August 28 for $13.7 … Continue reading →
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Over 6,000 retail stores have closed so far year, according to Business Insider. In the same time period, the value of Amazon has increased by 31 percent, buoyed in part by the acquisition of Whole Foods Market which it will … Continue reading →
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