Retail Sector

Panera Bread Co Reports Increased Same Store Sales in 2Q

On Tuesday, St.

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, 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, 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

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.

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.