Tribune Publishing And Union Agree To Two-Year Contract (mediapost.com)

In the first full fiscal year after the Jet.com acquisition, Walmart posted a 44% increase in e-commerce sales to $11.5 billion across all its U.S. sites. However, web sales grew only 23% in the fourth quarter as problems managing inventory resulted in some items being unavailable to online shoppers. Walmart, No. 3 in the Internet Retailer 2017 Top 500, also announced a 47% year-over-year rise in gross merchandise value—the value of all goods sold on its e-commerce sites, a figure that includes merchandise sold by other merchants on Walmart.com and Jet.com. Overall, the company’s revenues were up 3.0% year over year, a $14.5 billion rise to $500.3 billion. The company’s 23% online growth in the fourth quarter was down from last quarter, which saw a 50% increase, and Q4 last year, during which online sales grew 29%. Click Read More below for additional information.

Amazon announced 14 new renewable energy projects in the U.S., Canada, Finland, and Spain to advance its ambitious goal to power 100% of company activities with renewable energy by 2025—five years ahead of the original target of 2030. The new projects bring Amazon’s total renewable energy investments to date to 10 gigawatts (GW) of electricity production capacity—enough to power 2.5 million U.S. homes. Amazon is now the largest corporate buyer of renewable energy in the U.S. and the world. The latest utility-scale solar and wind projects will supply renewable energy for Amazon’s corporate offices, fulfillment centers, and Amazon Web Services (AWS) data centers that support millions of customers globally. These projects will also help Amazon meet its commitment to produce enough renewable energy to cover the electricity used by all Echo devices in use. These new projects support hundreds of jobs while providing hundreds of millions of dollars of investment in local communities.

The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of mailing services price changes to take effect July 9, 2023. The new rates include a three-cent increase in the price of a First-Class Mail Forever stamp from 63 cents to 66 cents. If favorably reviewed by the Commission, the proposed increases will raise First-Class Mail prices approximately 5.4 percent to offset the rise in inflation. The price changes have been approved by the Governors of the U.S. Postal Service. The price for 1-ounce metered mail will increase to 63 cents, and the price to send a domestic postcard will increase to 51 cents. A 1-ounce letter mailed to another country would increase to $1.50. There will be no change to the single-piece letter and flat additional-ounce price, which remains at 24 cents. The Postal Service is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, money order fees and the cost to purchase insurance when mailing an item.