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Amazon Seeks 100K Workers For Operations Roles

PYMNTS

As it plans to bring 100 new operations facilities online in September, Amazon announced on Monday (Sept. The positions offer a beginning hourly wage of at least $15 per hour, and the eCommerce retailer is providing sign-on bonuses of as much as $1,000 to new hires in some cities, according to the announcement. and Canada this year.

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Virtual Reality Gains Traction In Retail

PYMNTS

Virtual reality could have more retailers reach more consumers in the coming few years — in large part by upping the consumer experience. Location-based virtual reality (VR) startup The Void is partnering with mall operator Unibail-Rodamco-Westfield (URW) to open 25 new entertainment outposts in the U.S. and Europe by 2022.

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Can 5G Power Retail Drone Deliveries?

PYMNTS

The company finished the first stage of testing in conjunction with McDonald’s at San Diego State University. UPS , too, is going down the drone path – one that Amazon pioneered for retail delivery uses – and is seeking a certification to operate commercial drone flights. The company applied to the U.S.

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Petco’s $864 Million IPO Beats Forecasts 

PYMNTS

The San Diego-based pet care chain is pricing its 48 million shares of Class A common stock at $18 each, beating forecasts. They bought the company from TPG and Leonard Green, who took the then-public pet retailer private 15 years ago. . 14), Bloomberg reported. . Morgan Stanley, Goldman Sachs and Barclays are the underwriters.

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PriceSmart Net Merchandise Sales Rise 7.7 Pct

PYMNTS

Warehouse club retailer PriceSmart, Inc. reported as part of its Q1 fiscal 2021 operating results that net merchandise sales climbed 7.7 The firm said comparable net merchandise sales for the 43 warehouse clubs that have been in operation for more than 13.5 million of operating income in the prior year timeframe.

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LendingPoint Unveils Retail Financing Platform

PYMNTS

To help merchants and other service providers convert more consumers at the point of sale, LendingPoint has unveiled LendingPoint Merchant Solutions, a platform that will provide fully integrated one-stop retail financing, the company said in an announcement. The move comes after the company acquired LoanHero in Dec.

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Report: Amazon Slows Alexa Staff Hiring To Improve Margin

PYMNTS

Amazon has put some hiring on hold in its Alexa operation amid the pandemic, Bloomberg reported, citing two unnamed sources. The six targeted cities include New York, Phoenix, San Diego, Detroit, Dallas and Denver and will be a part of an investment in excess of $1.4

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