Tesla Inc. TSLA 0.30% Chief executive Elon Musk said he has relocated to Texas, becoming one of the top executives to leave Silicon Valley during a coronavirus epidemic. He said the move had been going on for months and California lamented that the state was happy with its innovations and …
Read More »Amazon’s fears gripped as internet retail giant shakes up pharmacy business
Amazon.com has been one of the most innovative and disorganized companies of this century, with incredible success in areas beyond historically considered its core business (book sales). Thus every ad or speculation Amazon AMZN, -0.96% Whoever enters a particular industry sends the shares of that industry into the tailspin. Investors …
Read More »Grocers stockpile, create ‘epidemic’ palettes ahead of winter
Grocery stores and food companies are preparing for a potential surge in sales amid a new surge in Covid-19 cases and the upcoming holiday rush. Supermarkets store groceries and store them early in preparation for the fall and winter months, while some health experts warn that the country could see …
Read More »Amazon to open 1,500 small warehouses in US suburbs: report
The report states that while Amazon is padding its real estate portfolio, it is not interested in abandoned department store space. AFP by Getty Images The report states that Amazon.com Inc. Targets U.S. About 1,500,000 small warehouses are to be opened in the city – many of them in suburban …
Read More »BJs are adding a ton of new members to their roster, and many are young and digitally savvy customers
Wholesale Club Holdings Inc. of BJ says that the coronavirus pandemic has added the number of new members participating in the retail trade, especially among the young and digitally savvy. BJ’s BJ, + 3.64% says it now has more than six million paid members. “To put this in perspective, over …
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