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☆ Amazon's Prime Day-like event kick-starts holiday discount frenzy amid high inflation
  + stars: | 2022-10-11 | by ( Aishwarya Venugopal Ananya Mariam Rajesh | Aishwarya Venugopal | Ananya Mariam Rajesh | ) www.reuters.com   time to read: +2 min
The two-day "Prime Early Access Sale" shopping event for Amazon members, which starts Tuesday, is much like the Prime Day summer marketing blitz and will compete with early discounts from rival retailers. Register now for FREE unlimited access to Reuters.com RegisterWalmart Inc (WMT.N) is holding a "Rollbacks and More" sale event from Oct. 10-13 to counter Amazon's discount days, with deals on everything from Hot Wheels toys to luggage. U.S. online holiday sales are expected to rise this year at their slowest pace since at least 2015 and grow only 2.5% to $209.7 billion, according to Adobe Analytics. read moreThe early start to the holiday shopping season, however, does not come as a surprise. read more"This holiday season, retailers are resorting to blunt force promotions to coax shoppers," Spieckerman said.
☆ Nordstrom adopts 'poison pill' days after Mexican peer buys stake
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterA Nordstrom store is pictured in New York, U.S., March 1, 2021. Last week, Mexican department store chain Liverpool (LIVEPOLC1.MX) disclosed a 9.9% passive stake in Nordstrom, in a bid to diversify its geographic foothold. read moreRegister now for FREE unlimited access to Reuters.com RegisterLiverpool is currently the second-biggest shareholder, behind former Chairman Bruce Nordstrom, according to Refinitiv. Other members of Nordstrom's founding family, including Chief Executive Officer Erik Nordstrom and President Peter Nordstrom, are also among its top shareholders. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Deborah Sophia in Bengaluru; Editing by Shounak Dasgupta and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
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