Coverage: Amazon raises its minimum wage to $15/hour
Amazon.com Inc.said on Tuesday it would raise its minimum wage to $15 per hour for U.S. employees from next month, giving in to critics of poor pay and working conditions at the world’s second most valuable company. Arjun Panchadar of Reuters had the news: The increase pushes Amazon’s lowest wage above that at Walmart Inc and […]
FT names Gray its U.S. consumer correspondent
The Financial Times has named Alistair Gray as its U.S. consumer correspondent. Gray will cover a range of topics within the U.S. retail and consumer industries, including shopping malls, cigarettes, clothing, food, cleaning products and beer. He previously was a U.S. financial correspondent for the past two and a half years based in New York. […]
Coverage: Sears reports larger loss, lower sales
Sears Holdings Corp. is limping into the critical holiday season, after the struggling company reported its quarterly sales fell 26 percent and it continues to close dozens of stores. Lauren Thomas of CNBC.com had the news: Sears, faced with mounting liabilities, continues to be in a race to sell off assets, cut costs and reduce debt, […]
Coverage: Alibaba reports 61 percent increase in sales
Alibaba Group Holding Ltd., China’s biggest e-commerce firm, topped first-quarter revenue estimates on Thursday, but said investments in its food delivery business would continue to weigh on profits. Cate Cadell of Reuters had the news: Revenue rose 61 percent to 80.9 billion yuan ($11.77 billion) in the April-June period, compared with analysts’ average estimate of 80.7 […]
Coverage: Target posts its best earnings in more than a decade
Shares of Target Inc. surged Wednesday after the retailer reported unprecedented growth in foot traffic at its stores, along with second-quarter profit, revenue and comparable store sales that surpassed analysts’ expectations. Lauren Thomas of CNBC.com had the news: The big-box retailer also said digital sales skyrocketed more than 40 percent during the quarter. Building on that momentum, it […]
Minneapolis/St. Paul Biz Journal hires retail and food reporter
Alex Van Abbema joined the Minneapolis/St. Paul Business Journal’s newsroom last week to cover retail, restaurants, food and beverage producers and business travel. A story on its website states, “He’s no stranger to the Business Journal. Last summer, Alex was an intern here, writing daily posts but also spearheading a special Cover Story project on […]
Industry Drive seeks a restaurants reporter
The restaurants reporter for Industry Dive will regularly write stories that lead our coverage of the restaurant industry, from breaking news briefs to in-depth original stories that analyze the trends impacting chefs, investors, employees and diners. This position will not be writing restaurant reviews. You will own your beat, pitch stories, cultivate relationships with stakeholders, hunt […]
Bloomberg launching “Invitation Only” as part of broader video push
Bloomberg News is launching a new video show called “Invitation Only” as part of a broader push into video. “Invitation Only,” which premieres Tuesday, will be hosted by luxury reporter Kim Bhasin and feature the most exclusive, swankiest stores. Bhasin will take viewers inside secret boutiques, personal shopping salons and more. “We highlight who owns […]
S&P Global seeks an Amazon reporter
S&P Global Market Intelligence seeks a reporter who can delve deeply into a beat focused on Amazon.com and its peers and competitors in the e-commerce marketplace and deliver engaging, insightful news and features. On a day-to-day basis, our reporters write about breaking news and craft proprietary stories on major corporate developments and trends. In addition, […]
USA Today hires Maltais to lead retail, food and personal tech coverage
Michelle Maltais has joined the USA Today Money staff as its consumer editor. Maltais is based in the Los Angeles bureau and is leading a newly formed team focused on retail, food, and personal technology. She previously spent 20 years at the Los Angeles Times. She was most recently deputy director of audience engagement, a team that was […]
