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Report: Amazon Prime shoppers less likely to shop Walmart.com
Amazon’s Prime membership is starting to crowd out traditional retailers like Walmart and Target, according to Forbes.
The magazine reports that research consultant Millward Brown Digital found that consumers with Prime accounts –- of which there are reportedly 40 million subscribers –- are less likely to visit other retail sites when making online purchases.
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Bed Bath & Beyond may follow wage hike trend
Bed Bath & Beyond indicated in its fourth quarter earnings report that it may be joining Walmart and other retailers with plans to increase wages.
The company said it is lowering its 2015 earnings guidance due to "an increase in investments in compensation and benefits in 2015 beyond those historically planned."