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Amazon Hikes Cost Of Prime Service By 20 Percent Amazon Hikes Cost Of Prime Service By 20 Percent
Amazon Hikes Cost Of Prime Service By 20 Percent Amazon Prime is about to cost customers a few more dimes. Actually, more than a few. A 20-percent increase to be precise. Citing new Prime features and increased costs, Amazon CFO Brian Olsavsky announced on Thursday afternoon that the cost of membership will be upped to $119 annually beginning on May 11 for new customers. Existing members will see their bill increased as of June 16. Prime - once renowned for its free, expedited shipping - has introduced several new features since its inception, including streaming video, free two-hour delivery for certain products, Twitch viewing and dea…

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by Zak Failla
Business
Rite Aid, Albertsons -- With $83 Billion In Revenue -- To Merge Rite Aid, Albertsons -- With $83 Billion In Revenue -- To Merge
Rite Aid, Albertsons -- With $83 Billion In Revenue -- To Merge Supermarket giant Albertsons said Tuesday, Feb. 20 that it plans to buy the remnants of the struggling Rite Aid drugstore chain, according to multiple news reports. But this report by Fortune said Albertsons might be buying a lemon in Rite Aid.  Albertsons is touting a better ability to serve pharmacy customers as one of the merger's potential benefits. But in Rite Aid, Albertsons, a chain which operates grocery stores such as Safeway and Jewel-Osco on top of its namesake, is buying a severely diminished drugstore chain, Fortune reported. Meanwhile, Walmart saw its stock drop by more than…

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by Jon Craig
Business
Most Will Buy Groceries Online By 2024, Report Says Most Will Buy Groceries Online By 2024, Report Says
Most Will Buy Groceries Online By 2024, Report Says Grocery lists, frozen food aisles and produce sections may soon be a thing of the past, according to a new report, which states that consumers are continuing a nationwide trend of going digital to purchase groceries. Food Marketing Institute is reporting that as many as 70 percent of consumers will be buying their groceries online as soon as 2024, with Americans spending as much as $100 billion - $850 per household - annually purchasing food over the Internet. Last year, FMI predicted that digital food retailing would reach saturation in the next decade, but “2017 was a year of disruption.”…

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by Zak Failla