Seattle Archive

Watch Out Wal-Mart. Amazon Is Coming After the Grocery Business

SEATTLE, United States — For years, Wal-Mart Stores Inc. has followed Amazon.com Inc., putting inventory online and starting its own version of a marketplace where third-party merchants can sell their wares. Now Amazon is returning the favour. The e-commerce behemoth is building pickup locations for groceries in Seattle that could open by the end of the year, according to someone familiar with the plans, echoing a …

Nordstrom Profit Tops Estimates as Rack Brand’s Sales Increase

Nordstrom Store in the Rideau Centre shopping mall in Ottawa, Canada | Source: Shutterstock SEATTLE, United States — Nordstrom Inc., the largest US luxury department-store chain, posted second-quarter profit that topped analysts’ estimates, helped by higher sales at its off-price Rack chain. Earnings were 67 cents a share in the quarter, the Seattle-based company said in a statement Thursday. Analysts predicted 57 cents, on average. …