Dressbarn Will Close 53 Stores in August

Ascena Retail Group announced that it will be shutting down 53 stores of its Dressbarn outlets in August. Dressbarn will most likely have to be permanently shut down and file for bankruptcy. Ascena plans to shut down all 650 Dressbarn stores by the end of the year, so it can focus on its more successful […]
  • Vladimir Sumina
  • July 21, 2019
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Amazon Claims That Their Prime Day Surpassed Cyber Monday and Black Friday Combined

Amazon reports record sales for this Prime Day. With more than 175 million items sold, they had more sales for this year’s Prime Day shopping sale than both their Black Friday and Cyber Monday sales events combined. Other records that Amazon said were broken during this sale are –the biggest number of Amazon devices (such […]
  • Vladimir Sumina
  • July 18, 2019
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Amazon’s Prime Day Will Test the Company’s Limits for One-Day Deliveries

Prime Day, a global shopping event that lasts only two days and is exclusive to Prime members, begins this Monday. Amazon has promised to provide one-day shipping for all of the 10 million products sold on their website. The event is expected to break all records this year. Held annually since 2015, this is the […]
  • Vladimir Sumina
  • July 14, 2019
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Amazon Launches a Credit Card for People Who Otherwise Wouldn’t be Eligible for One

Amazon wants to make their rewards credit card available to more people. To do this, Amazon partnered with Synchrony Financial, a publicly traded bank, and launched “Amazon Credit Builder” – a program for shoppers with no credit history or bad credit, who would otherwise not be able to obtain Amazon’s loyalty cards. Synchrony executive vice […]
  • Vladimir Sumina
  • June 11, 2019
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The One Trillion Dollars Razzmatazz

Only great mountaineers ever made it to the top of the highest mountains. We must give the tech giant’s credit; they made it to the top of the mountains. But it is obvious that not even the best mountaineers can reside on the mountain crests if they’d love to. The same is applicable in this […]
  • Monica Harvey
  • May 19, 2019
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Dropbox beat expectations but saw stock slide

Dropbox dropping On Thursday, Dropbox gave their quarterly report, delivering figures of revenue and earnings that beat expectations. However, shares still dropped for the tech company. In fact, on Friday, Dropbox’s stock dropped almost eight percent and COO Dennis Woodside announced that he will be stepping down. JMP Securities Analyst Greg McDowell explains that the […]
  • Ben Norman
  • August 10, 2018
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Roku rolls out streaming service

Roku enters streaming industry Roku announced on Wednesday that their free streaming service, which is run through ads, is available on computers and mobile devices. Originally, the service – called The Roku Channel – was only available for those who had a Roku TV. The channel is not targeted at avid TV-viewers, as it does […]
  • Ben Norman
  • August 10, 2018
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Walmart is testing automated carts

Self-driving carts Walmart announced on Friday that it will test automated carts in order to speed up online grocery orders. The supermarket giant revealed that its location in Salem, New Hampshire will now feature self-driving carts that move down aisles, picking out groceries for online orders. This is an attempt to speed up the process […]
  • Ben Norman
  • August 6, 2018
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