Amazon UK Stops Accepting UK Credit Cards
Amazon has announced that it would no longer accept Visa credit cards issued in the United Kingdom as of January 19, 2019.
Retail Industry
Nestle Discloses UK Supply Chain Problems
The supply chain crisis in Britain has hit dairy product manufacturer Nestle, with the company admitting that it is struggling to stock UK shelves ahead of Christmas. Mark Schneider, CEO of Nestle, said that the company is “working hard” to …
UK Prime Minister Boris Johnson to Confront Amazon Boss Jeff Bezos Over Tax Record
United Kingdom Prime Minister Boris Johnson will confront Amazon boss Jeff Bezos over his e-commerce company’s tax record and working standards for employees when they meet in New York on Sept. 20. Asked if Johnson would urge Bezos to pay …
Nike Gives Head Office Staff Week-Long Mental Health Break
Sportswear giant Nike has given its head office employees a week off to support their mental health amid the COVID-19 pandemic. Matt Marrazzo, Nike senior manager of global marketing science, announced in a LinkedIn post that the head office in …
Massmart in Advanced Negotiations to Acquire OneCart
South African retailing giant Massmart announced that it is already advancing its negotiations to acquire a controlling stake in online delivery startup OneCart, accelerating its aim to boost its centralized e-commerce capability. Massmart, which also owns local brands such as …
Fashion Retailers Agree to Extend Bangladeshi Garment Workers’ Safety Pact
Major global apparel brands on Wednesday have agreed to extend for two years a pre-existing agreement with garment workers and factory owners in Bangladesh to ensure workplace safety standards. The deal’s deputy director Joris Oldenziel and representatives for UNI Global …
Trustees of Supermarket Company Morrisons Raise Concerns Over Takeover Plan
Trustees of Morrisons’ pension schemes have raised concerns on Tuesday over a £7 billion private equity takeover from either of two leading suitors which could “materially weaken” their financial position. The Morrisons board agreed last week to a debt-fuelled takeover …
Amazon Reportedly Plans to Open Own Department Stores
Amazon on Thursday is reportedly planning to open a series of large-scale retail locations that resemble department stores in the United States. People familiar with the matter told The Wall Street Journal that some of the first Amazon department stores …
Australian Sports Retailer Decathlon Fined $1.5 Million Over Incorrect Warning Labels on Basketball Hoops, Pools
The Federal Court of Australia has ordered sporting goods retailer Decathlon to pay $1.5 million for selling basketball hoops and inflatable pools with incorrect warning labels, breaching consumer law. On Aug. 17, Justice John Nicholas ruled that Decathlon was “careless” …
Retail Company Target to Offer Debt-Free Education to Over 340,000 Employees
Retail company Target is launching a new debt-free education assistance program for over 340,000 of its full-time and part-time employees in the United States. Target announced on Aug. 4 that it will pay the cost of tuition fees and textbooks …