Strategy

Amazon may be looking to grab a piece of the B2B pie from retailers such as Staples by launching an Amazon Business marketplace stocked with hundreds of millions of business products.

The e-commerce giant says Amazon Business customers will also benefit from free two-day shipping on tens of millions of eligible items, multi-user business accounts, approval workflow, payment solutions, tax exemptions, dedicated customer support and much more.

Minneapolis – Brian Cornell, CEO of Target Corp., reportedly received total compensation of $28.2 million in 2014. According to the Wall Street Journal, that figure includes $14 million in “make-whole” compensation he was paid for leaving his previous position as CEO of PepsiCo in August 2014.

Cornell also received a prorated salary of $595,000 from Target, among other compensation.

Seattle – Amazon.com is launching yet another new marketplace. Amazon Business provides access to hundreds of millions of products, as well as business-only selection and pricing.

Amazon Business customers will also receive free two-day shipping on tens of millions of eligible items, multi-user business accounts, custom spending approval workflows, integration with third-party procurement solutions, automated tracking of tax exemptions, dedicated customer support, order tracking, and corporate credit options.

Cost-conscious consumers are continuing to seek out bargains at Supervalu's stores, prompting the company's profit to soar 50% in the fourth quarter.

Washington, D.C. – The National Retail Federation (NRF) and Retail Industry Leaders Association (RILA) have filed a friend-of-the-court brief with the U.S. Court of Appeals saying the National Labor Relations Board’s decision to recognize a “micro-union” of workers in a single department at a Macy’s store in Massachusetts was incorrect. According to the trade organizations, allowing workers in a single department instead of the whole store to organize violates longstanding precedents on union organizing.

JCPenney Company Inc. has named one of its board members as its next EVP and chief marketing officer.

The company said that Mary Beth West, a highly accomplished consumer marketing executive, will join the company's executive leadership team as executive vice president and chief customer and marketing officer effective June 1. She will be stepping down from her position on its Board of Directors to assume this new role.

Plano, Texas – Rent-A-Center Inc. reported stable profit during the first quarter of fiscal 2015. The retailer’s net income totaled $27.3 million, up 1% from $27.26 million in the same quarter a year earlier.

Consolidated total revenues climbed 6% to $877.64 million, from $828.47 million. Same-store sales rose 8%.

The National Retail Federation (NRF) and Retail Industry Leaders Association (RILA) have filed a friend-of-the-court brief with the U.S. Court of Appeals saying the National Labor Relations Board’s decision to recognize a “micro-union” of workers in a single department at a Macy’s store in Massachusetts was incorrect.