Amazon has raised the minimum hourly pay for eligible full-time US operations workers to $20, while introducing the Day 1 Financial benefit and pushing average total compensation above $32 per hour including employee benefits.
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Walmart Escapes Billions in Potential Opioid Penalties With $50M Settlement
America’s largest retailer has agreed to pay $50 million to settle one of the US government’s biggest lawsuits stemming from the opioid epidemic, resolving allegations that its pharmacies unlawfully dispensed prescriptions while Walmart denied liability and described the payment as immaterial.
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Barbeques Galore Brand Finds New Owner After Collapse
Victorian wholesaler ACOM International has acquired the retailer's intellectual property and wholesale inventory, preserving the brand after the chain entered administration in June.
From Bras to Bonds: Blundy’s $700M Bet
The billionaire entrepreneur has acquired Bonds, Bras N Things, Berlei and Sheridan in one of Australia's biggest retail deals.
Flipkart Partners with Netflix to Reward Loyalty Members
Flipkart will offer eligible Plus members a 30-day Netflix Mobile subscription from August 1 as it strengthens customer loyalty amid intense e-commerce competition.
Oz Hair & Beauty Buys Beauty Works in Expansion Push
The acquisition strengthens Oz Hair & Beauty's national presence, bringing Beauty Works' Melbourne stores and online business into its portfolio.
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Stax Insolvency Exposes $6.7M in Outstanding Debts
Fresh documents lodged with the corporate regulator detail the financial fallout from the retailer's collapse, with employees, suppliers and the ATO among those owed money.
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Shein IPO Faces Lower Valuation as E-Commerce Crackdown Hits Growth
Shein’s planned Hong Kong IPO is expected to value the fast-fashion retailer at $40–50 billion, far below its 2022 valuation, as new EU import fees and tougher competition challenge growth.
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Accent Director Steps Down as Takeover and ASIC Scrutiny Continue
The footwear retailer is managing a hostile takeover bid and regulatory investigation following the resignation of long-serving director Michael Hapgood.