Tag Archives: Retailers excl Food and Drug Specialists (TRBC)

Mattel will close Canada factory after shuttering two manufacturing sites in Asia: WSJ


FILE PHOTO: The Mattel company logo is seen at the 114th North American International Toy Fair in New York City, U.S., February 21, 2017. REUTERS/Stephanie Keith/File Photo

(Reuters) – Mattel Inc (MAT.O) will close a factory in Canada after shutting down two plants in Asia, as the toymaker reduces its manufacturing footprint to cut costs, the Wall Street Journal said on Sunday.

The maker of Barbie dolls closed its manufacturing sites in China and Indonesia last year and will shut a facility in Canada sometime this year, the newspaper said.

The closure of the Mega Bloks factory in Montreal, Canada would affect about 580 workers, the journal reported, citing a company spokeswoman.

The manufacturing overhaul is said to be a part of Chief Executive Officer Ynon Kreiz’s plan to turn around and stabilize Mattel, which has struggled in recent years from weak sales, the newspaper added.

Mattel did not immediately respond to Reuters’ request for comment.

The El Segundo, California-based company is scheduled to report its earnings later in the week.

Reporting by Bhargav Acharya in Bengaluru; Editing by Lisa Shumaker

Our Standards:The Thomson Reuters Trust Principles.


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M&S CFO Humphrey Singer to give up his position


FILE PHOTO: A person leaves a Marks & Spencer retailer in London, Britain, on this January 7, 2016 file photograph. REUTERS/Toby Melville

(Reuters) – Marks & Spencer Group Plc (MKS.L) mentioned on Saturday its Chief Monetary Officer Humphrey Singer has determined to go away the corporate.

Singer will work with Group Chief Govt Officer Steve Rowe on his succession course of, the corporate mentioned in a press release.

Singer’s departure date has not but been determined and he’ll proceed together with his duties till it’s confirmed, the British retailer mentioned.

“After eighteen months of working with Steve to guide the transformation technique and rebuild the finance operate I’ve determined that now’s the appropriate time to maneuver on,” Singer mentioned in a press release.

The information of Singer’s departure comes at a time when the 135-year previous retailer shall be relegated out of the London’s FTSE 100 index from Sept. 23.

Reporting by Bhargav Acharya and Sabahatjahan Contractor in Bengaluru, Enhancing by Ros Russell

Our Requirements:The Thomson Reuters Belief Ideas.


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Apple faucets recycled uncommon earth components for iPhone components


Sept 18 (Reuters) – Apple Inc’s new iPhones will used recycled uncommon earth components in a key part, the corporate stated on Wednesday.

Apple stated it’ll used recycled uncommon earths in its “Taptic Engine,” a component that lets iPhones mimic a bodily button click on regardless of being a flat pane of glass. The half is about one-quarter of the uncommon earth components contained in the iPhone fashions.

Uncommon earths, a gaggle of 17 specialised minerals, have turn out to be a flash level in commerce tensions between the US and China. The weather are utilized in weapons, shopper electronics and different items.

China dominates the processing of the uncooked minerals, and has implied via its state-controlled media that it may prohibit uncommon earths gross sales to the US, simply because it did to Japan after a diplomatic dispute in 2010.

Lisa Jackson, Apple’s vice chairman of atmosphere, coverage and social initiatives, stated Apple’s use of recycled uncommon earths was “not associated” to commerce tensions however may assist it keep a gentle provide.

“That is a kind of completely satisfied coincidences the place what is nice for the planet is actually good for enterprise on the identical time,” Jackson advised Reuters. “One of many issues we discuss rather a lot internally, simply generally, is how way more resilient this makes our provide chain.”

In shopper electronics, uncommon earths reside in tiny audio system and actuators. The components are so small that gathering them for recycling is troublesome and costly.

For now, Apple will use recycled uncommon earths from an outdoor provider, not from beforehand used iPhones. Apple declined to call the provider or say what merchandise the uncommon earths have been recovered from.

However Jackson stated that Apple’s scale – new iPhone fashions are usually promote tens of hundreds of thousands of models per 12 months – helped make the challenge economically viable.

“Now we have primarily made a marketplace for this entrepreneur, this innovator, who discovered a strategy to recycle uncommon earths,” Jackson stated.

Apple usually goals to reuse components from its previous units.

Apple stated on Wednesday that aluminum from enclosures recovered via its trade-in applications will likely be melted down and made into new MacBook Air laptop computer computer systems. The corporate beforehand disclosed that cobalt recovered from iPhone batteries disassembled by robots at its recycling labs in Texas is put into new iPhone batteries.

Apple is experimenting with methods to get well uncommon earths from its telephones utilizing its robots, which may take away tiny components and separate them into assortment bins to combination sufficient materials to make recycling viable.

The corporate can also be researching ways in which standard recyclers, who shred units and separate out the assorted supplies, may tweak their traces to get well the weather, info that Jackson stated Apple is open to sharing.

“There are some improvements of ours that we truly need individuals to repeat. In order a lot as doable – so long as it doesn’t give away a few of our different design and engineering innovation – we’re completely satisfied to convey alongside the recycling trade,” Jackson stated. “Now we have began to be way more clear round this expertise improvement than we often are.” (Reporting by Stephen Nellis in San Francisco; Modifying by Greg Mitchell and Sonya Hepinstall)

Our Requirements:The Thomson Reuters Belief Rules.


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EBay to launch warehousing and transport companies subsequent 12 months


(Reuters) – EBay Inc (EBAY.O) stated on Wednesday it might launch a warehousing and transport service for retailers promoting by way of its website beginning subsequent 12 months, a brand new technique that’s anticipated to draw extra sellers to the e-commerce platform.

FILE PHOTO: An eBay signal is seen at an workplace constructing in San Jose, California Might 28, 2014. REUTERS/Beck Diefenbach/File Photograph

This system is at the moment in trial in the USA and Germany and is much like Amazon.com Inc’s (AMZN.O) “Achievement By Amazon” service, or FBA, which permits retailers to hire house in warehouses worldwide to allow them to retailer stock nearer to prospects.

It’s poised to assist eBay ship merchandise sooner, more and more a key consideration of consumers after they browse for objects on-line. EBay sellers ship about 1.5 million packages day by day in the USA.

EBay, primarily based in San Jose, California, held the mantle of being the highest on-line vacation spot for sellers earlier than Amazon’s market gained traction over a decade in the past with the assistance of FBA. That gave the Seattle firm way more management over the transport course of.

Whereas EBay lengthy resisted rising its logistics footprint, Amazon raised the stakes additional this April, asserting it might halve supply occasions to in the future by way of its loyalty membership Prime, a service that prices U.S. members $119 per 12 months. On the similar time, improved logistics networks and excessive warehouse capability made a supply service extra possible for eBay.

Devin Wenig, eBay’s chief govt, stated the corporate was focusing on free two-day transport below this system.

“What this isn’t about is us attempting to win a quick transport warfare,” he stated in a phone interview. “Our 182 million customers store on eBay due to the worth and uniqueness of our stock. We’re not the one-hour supply guys. We’re by no means going to be that, however client expectations are altering.”

Some 40% to 50% of things on eBay will qualify, whereas the corporate can supply its assured three-day supply program introduced in 2017 for the rest, Wenig stated.

Wenig didn’t focus on how a lot eBay would spend on the service, often known as “Managed Supply,” however he stated it may be a worthwhile enterprise by itself proper.

Sellers in this system will probably be charged a charge for warehousing and for transport as soon as an merchandise is offered. The service will allow them to fulfill orders positioned on eBay or on different on-line platforms, the corporate stated.

Reporting by Akanksha Rana and Munsif Vengattil in Bengaluru and Jeffrey Dastin in San Francisco; enhancing by Shinjini Ganguli and Susan Thomas


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FedEx Express cuts ties with Amazon for domestic contract


(Reuters) – FedEx Corp said on Friday it has decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express.

FILE PHOTO: A FedEx delivery worker carries a package for a delivery in Wilmette, Illinois, October 27, 2015. REUTERS/Jim Young

The decision does not impact any existing contracts between Amazon.com and other FedEx business units or relating to international services, the package delivery company said.

Amazon accounted for less than 1.3% of FedEx’s revenue for last year, the company said in a statement.

FedEx Express refers to the company’s delivery via planes.

Amazon has steadily grown its fleet of delivery aircraft in recent years, which Air Transport Services Group Inc (ATSG) and Atlas Air Worldwide Holdings have operated. The company is investing $1.5 billion to build an air cargo hub in northern Kentucky, setting it up to rely less and less on others for air shipping.

Amazon has 40 leased cargo planes and has signed an agreement to induct 10 more planes to join the fleet in the next two years.

A task force set up by President Donald Trump recommended in December that the United States Postal Service should have more flexibility to raise rates for packages, a move that could hurt profits of Amazon and other large online retailers.

Shares of FedEx pared gains and were up nearly 1% at $158.01 in afternoon trading.

Amazon shares were up 2.6% at $1,800.19.

Amazon did not immediately respond to request for comment.

Reporting by Akanksha Rana in Bengaluru; Editing by Shinjini Ganguli


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