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Amazon encouraging customers to pick up purchases

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This is a move to slash costs for home delivery and returns amid slack consumer demand

 
Amazon is offering customers $10 to pick up a purchase, rather than have it shipped to a home address.

The online behemoth has offered certain Prime members $10 to retrieve their own orders of $25 or more from company pick-up points such as Whole Foods, Amazon Fresh and Kohl’s.

This is a move to slash costs for home delivery and returns amid slack consumer demand.

The company’s request went out in an email this week to an unknown number of Prime subscribers.

It’s also a major pivot for the company that for years trained consumers to expect fast, no-fee deliveries and returns.

Amazon late last year hiked the price of its annual Prime subscription by $20 to $139.

It also raised minimum order thresholds for free grocery delivery and expanded speedier same-day delivery with a fee for orders under $25.

Amazon has also started charging some customers a $1 fee, if they return packages via a UPS store when there is a closer Amazon location.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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