CFOs On the Move: Week Ending June 26
Jones Lang LaSalle, Mattel, Six Flags, Dachser, Palo Alto Networks, Confluent, Aerospace, Harvest, GEON Performance Solutions
Amazon, Goldman to Offer SMB Credit Lines
In a marriage of tech and Wall Street, sellers on Amazon will be eligible for credit lines of up to $1 million from Goldman Sachs' Marcus brand.
Amazon’s Q1 Profit Dips on COVID Response
The company expects to plow its entire Q2 operating profit back into "getting products to customers and keeping employees safe.”
Amazon’s Labor and Whistleblower Laws Questioned
The New York Attorney General is investigating the e-commerce giant’s response to safety concerns raised by workers during the pandemic.
Walmart Earnings Miss as Online Growth Slows
Walmart's Q4 results show “the pressure traditional retailers are facing to keep pace with consumers who are increasingly shopping online."
Employees Criticize Amazon on Climate Policies Despite Risk to Jobs
More than 340 Amazon employees signed onto a post criticizing the company’s climate stance and protesting its external communications policy.
Ring Suit Alleges Cameras Vulnerable to Hackers
“Ring does not fulfill its core promise of providing privacy and security for its customers, as its camera systems are fatally flawed,” the suit says.
E-Commerce Posts 18.8% Holiday Season Gain
Retailers offered omnichannel sales earlier in the season, "meeting consumers’ demand for the best deals across all channels and devices."
Amazon Profit Dives on One-Day Shipping Costs
“There’s a lot of cost in the short run” from expanding the free one-day delivery program, CFO Brian Olsavsky says.
U.S. Supreme Court Denies Amazon Bid to Block Worker Suit
Warehouse employees say they should be paid for time spent in security screenings.
eBay Matches Amazon With Logistics Option
A new eBay service will enable merchants to store inventory in strategically located warehouses, resulting in faster delivery times.