Description: Nordstrom said Thursday it expects revenue to rise more than 25% in fiscal 2021 from the prior year, with roughly half of its sales coming from its digital business. Last year, the department store chain rang up about a third of its sales online. Source: CNBC.com Date: Feb 04, 2021 Link: https://www.cnbc.com/2021/02/04/nordstrom-sees-2021-revenue-up-25percent-as-it-puts-focus-on-rack-e-commerce.html Questions for discussion:… Read more »
Monthly Archives: February 2021
Lightspeed POS reports US$42.7M Q3 loss, trouble landing new customers amid pandemic
Description: Prolonged lockdowns meant to quell the spread of COVID-19 are making it tough for Lightspeed POS Inc. to pick up new customers. Source: Yahoo.Finance.com Date: Feb 04, 2021 Link: https://ca.finance.yahoo.com/news/lightspeed-pos-reports-us-42-134728566.html Questions for discussion: What does the report say about the firm’s recent financial performance and the reasons why? Do you think this should be… Read more »
Here’s what really happens to the items you return online
Description: You open up the box. For whatever reason, you don’t like it. So, you send it back…for free. No questions asked. The retailer pays for the shipping costs and already is losing money. Immediately the hourglass of profit turns. Each grain of sand, a few cents dropping from the original price of that air fryer. Source: CNN.com – video… Read more »
Amazon CEO Jeff Bezos is stepping down — here’s why Amazon stock isn’t crashing
Description: Amazon (AMZN) founder and CEO Jeff Bezos is a once in a generation inventor that has fundamentally changed how humans buy stuff and interact with the internet. Source: Yahoo.Finance.com Date: Feb 03, 2021 Link: https://ca.finance.yahoo.com/news/amazon-ceo-jeff-bezos-is-stepping-down-heres-why-amazon-stock-isnt-crashing-230652383.html Questions for discussion: From a managerial point of view, explain why Amazon stock is basically unaffected by the news… Read more »
