Retail Sector
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Panera Bread Co Reports Increased Same Store Sales in 2Q

Panera Bread Co Reports Increased Same Store Sales in 2Q

On Tuesday, St. Louis, Missouri based Panera Bread Co, the American bakery-café fast casual restaurant chain operating in the United States and Canada reported its second quarter earnings reports that ended on June 28. The company said its same-store sales in the second quarter climbed 2.3 percent and that also surpassed the estimates of analysts.

It can be a hint that the softening in the U.S. demand trend is gradually coming to an end. Shares went up about four percent during the extended trading.

Amazon will Test Its Drone Delivery in the U.K Under a New Partnership

Amazon will Test Its Drone Delivery in the U.K Under a New Partnership

Amazon for years has been trying to expand its drone delivery testing and in the U.S, the company did not get permission to pilot the flying machines beyond the operator's line of sight.

Now, Amazon has partnered with the British government in that effect and can expand its drone testing efforts notably. This move could permit Amazon's drone deliveries of packages to British homes much earlier than in the U.S.

Walmart Opens Shelves to Weather Damaged ‘Ugly’ Fruits in an Effort to Curb Food Wastage

Walmart Opens Shelves to Weather Damaged ‘Ugly’ Fruits in an Effort to Curb Food

Walmart, the largest grocer in the world is testing a pilot program in an effort to reduce the estimated wastage of 133 billion pounds of food worth about $29 billion every year in America.

It is selling weather-dented apples in 300 Florida stores at a discounted price. Although, these fruits may not look too pretty but do not differ in taste or flavor. Mainly damaged by severe storms or a stretch of hot spell or other weather related irregularities, these fruits get damaged externally, which makes them off limits from most of the grocers' shelves.

Carrie Tolstedt Wells Fargo Retail Head to Retire in July

Carrie Tolstedt

Carrie Tolstedt, 56, head of community banking with Wells Fargo & Co. will retire from the firm this month. She will be succeeded Mary Mack who is in charge of the retail brokerage.

 San Francisco based Wells Fargo's Chief Executive Officer, John Stumpf said, "Carrie Tolstedt has been one of our most valuable Wells Fargo leaders, a standard-bearer of our culture, a champion for our customers, and a role model for responsible, principled and inclusive leadership."

Amazon’s Prime Day; A Closer Look at how did it Go

Amazon’s Prime Day; A Closer Look at how did it Go

Now that Amazon's Prime Day is over, it's time to take a look whether this year the online retail giant was able to create some excitement among its Prime members.

Last year Amazon introduced its Prime Day but many shoppers complained that inventory was sold out too quickly and the retailer offered deals on vague items like food containers and shoe horns. Amazon seems to have learnt from last year's event and this year offered a larger number of deals with more inventories.

Amazon’s Second Annual Prime Day is Here; What in the Offering

Amazon’s Second Annual Prime Day is Here; What in the Offering

The second annual Prime Day is here. Amazon's one day only, global shopping event is meant exclusively for its Prime members which costs $99-a-year subscription. New deals are available for the shoppers as often as every five minutes and last year at a certain point it broke records of Black Friday.

One needs to sign up to Amazon Prime to avail the discounts. Only the subscribers have an access to use the unlimited one-day delivery. It also includes Amazon Prime Video and other services such as music and cloud storage.

Amazon’s ‘Prime Day’ a Good Source of Revenue and Gauge for Yearly Demand

Amazon’s ‘Prime Day’ a Good Source of Revenue and Gauge for Yearly Demand

Next week, Amazon.com will have its second-ever Prime Day and the e-commerce giant's big day might not be only aimed at generating only large revenue.

 In summer months sales are typically slow and an annual sale like 'Prime Day' surely perks up the sales numbers. Additionally, it might also allow Amazon to gauge how is the traffic for the rest of the year going to be. Such kind of big sale attracts more third party sellers to join Amazon which is also a driver of sales as that attracts more number of customers to its site.

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