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Financial/Banking

  • 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.   

  • Luxury department store retailer shelves sale

    Neiman Marcus Group is going it alone — at least, for now.

  • Update on Walgreens-Rite Aid merger

    There's been another development in the planned Walgreens Boot Alliance and Rite Aid merger.  

  • Study: The most popular store credit card is...

    A retailer that does nearly all of its transactions online has the most popular store credit card.   Amazon wins the store card battle, ranking as the top choice among consumers with store cards (32%), followed closely by Target (30%) and then Macy’s (24%).   

  • Amazon lends more than $3 billion to third-party sellers

    Amazon’s lending program has hit epic proportions, with one-third of loans being granted in the last year, alone.   The online giant’s Amazon Lending program has surpassed $3 billion in loans to small businesses since the service launched in 2011. Specifically, Amazon has lent more than $1 billion to small businesses in the last 12 months, and more than 20,000 small businesses have received a loan from Amazon.  

  • Nordstrom may go private

    One of the nation's most successful department store retailers may remove itself from the scrutiny and pressure of Wall Street.    

  • Study: Shoppers drawn to smart devices stay abreast of security

    A majority of Americans want to use connected devices to make purchases, yet they are keeping a keen eye on securing personal data.  

  • Macy’s warns profit margins are shrinking

    Already navigating tumbling sales, Macy’s is preparing for even tighter margins.   At the company’s annual investor day, Macy’s CFO Karen Hoguet said that second-quarter gross margins are running about 1 percentage point below what they were last year. The company is slashing costs in a bid to maintain its earnings forecast, which it reaffirmed on Tuesday, according to Bloomberg.  
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