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New credit card rewards Prime members

BY Deena M. Amato-McCoy

Amazon has a new perk for its Prime members.

Through its partnership with Chase, Amazon is introducing the new Amazon Prime Rewards Visa Signature Card. Available exclusively to Amazon Prime members, the card offers users 5% back on all Amazon.com purchases, and rewards members for other purchases, including 2% back at restaurants, gas stations and drug stores, and 1% back on every other purchase.

Existing Amazon Rewards Visa Signature card members with an eligible Prime membership will be upgraded to the new Amazon Prime Rewards Visa Signature Card. The newly designed metal card also waives foreign transaction fees when traveling abroad and on cross-border shopping.

Prime members are eligible for these new benefits by using their existing card until their new card arrives, the company said.

The card also gives Prime members travel protection and 24/7 concierge service.

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FedEx to offer package dropoff, pickup at Walgreens

BY Michael Johnsen

FedEx Corp. and Walgreens on Wednesday announced a long-term alliance agreement that will offer convenient access to FedEx dropoff and pickup services at thousands of Walgreens locations across the United States beginning within the next several months.

“Walgreens, with its strong focus on customer care, is the perfect retailer to help us continue to meet the growing demand for convenient, secure dropoff and pickup options, and our research has shown that customers rank pharmacies as a preferred location for accessing their e-commerce shipments,” stated Raj Subramaniam, executive VP chief marketing and communications officer, FedEx Corporation.

“Working with FedEx to provide safe and secure delivery locations while making it easy for customers to ship returns and other packages through the FedEx networks is another way we are becoming America’s most loved pharmacy-led health, well-being and beauty retailer,” added Reuben Slone, Walgreens senior VP supply chain.

By bringing together Walgreens convenient network of retail locations across the country and FedEx as one of the leading enablers of the rapidly growing e-commerce economy, this new alliance will significantly expand the options available to consumers to drop off and pick up their FedEx shipments and handle multiple tasks during a single store visit. As part of the FedEx Onsite program, customers will be able to drop off pre-packaged and pre-labeled shipments at Walgreens stores and pick up packages that they direct to their neighborhood Walgreens.

After an initial, small-scale rollout this spring, Walgreens and FedEx expect to have the program available at thousands of Walgreens locations later this calendar year and chainwide at nearly 8,000 Walgreens stores by the fall of 2018.

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Report: Walmart to cut hundreds of jobs

BY Marianne Wilson

Wal-Mart Stores is reportedly planning a major round of job layoffs by the end of this month.

The retailer will eliminate positions at its headquarters and among regional personnel that support stores, the Wall Street Journal reported.

"As we've previously shared, we are always looking for ways to operate more efficiently and effectively,” Wal-Mart said in a statement to CNBC. “While we continually look at our corporate structure, we have not made any announcements."

In September, the discounter said it was eliminating about 7,000 back-office jobs, mostly in accounting and invoicing positions at its U.S. stores, as part of a program it announced earlier in the year.

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