Jeff Bezos just issued a challenge to Walmart and Target
Amazon stock was down about 0.2% in Thursday afternoon trading, in line with the broader Nasdaq Composite. Here are three takeaways from the letter.
The Seattle-based Amazon hiked its minimum hourly wage to $15 in November. Target, which currently pays $12 an hour, has vowed to raise its hourly wage to $15 by the end of 2020. Walmart has said its average worker earns $17.55 an hour with wages and benefits. Its pay, however, is $11 an hour. “With Amazon Go, we had a clear vision,” he wrote in the letter. “Get rid of the worst thing about physical retail: checkout lines. No one likes to wait in line. Instead, we imagined a store where you could walk in, pick up what you wanted, and leave.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'How about paying your taxes?': Walmart responds to Amazon's challenge over payWalmart responds to Bezos' challenge to other retailers to raise pay and add more benefits.
Leer más »
Jeff Bezos snubbed eBay in his annual shareholder letter, sending the stock slidingShares of eBay fell 5% on Thursday, after Jeff Bezos snubbed the rival e-commerce giant in his annual letter to shareholders.
Leer más »
Meet the family worth more than Jeff Bezos, Warren Buffett or Bill GatesWith a collective net worth of nearly $175 billion, the Walton family is the richest in the world via CNBCMakeIt
Leer más »
Jeff Bezos warns Amazon will have 'multibillion-dollar failures'Amazon CEO Jeff Bezos warned Thursday the company will have large, failed experiments in his annual shareholder letter.
Leer más »
Jeff Bezos To Give MacKenzie 25% Of His Amazon Stake, Worth Tens Of Billions, In DivorceWith 4% of Amazon’s stock, MacKenzie will become the third richest woman in the world.
Leer más »
Jeff Bezos has an ambitious vision for Amazon in 1999 interview“There’s no guarantee that Amazon can be a successful company. What we’re trying to do is very complicated,” Jeff Bezos said in 1999. “Scale is important to us and we’re going to go after that kind of scale.”
Leer más »
Here's Jeff Bezos' annual shareholder letterHere's Amazon's full annual shareholder letter published by CEO Jeff Bezos on Thursday.
Leer más »