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jet.com’s strategic move takes aim at Costco
Walmart’s e-commerce arm is shaking up its private label offerings. Jet.com will increasingly phase out its assortment of Kirkland Signature branded merchandise — Costco’s private label brand. The move is said to help augment efforts among Walmart’s Sam’s Club chain, which is focused on boosting sales among its own store brand, Member’s Mark, according to Bloomberg. -
Amazon in new rewards program for Prime
Amazon is giving shoppers another reason to sign up for Prime—and a reason not to use credit cards. The online giant is launching a new program, called Amazon Prime Reload, that allows Prime members to earn 2% bonus every time they reload their Amazon gift card balance with cash from their checking account and debit card. The bonus is given in the form of rewards that can be used to make purchases on Amazon.