Amazon Plans to Open Department Stores

Amazon is planning to open department stores where consumers can purchase a variety of goods like clothing and electronics, The Wall Street Journal reported.

The planned expansion of Amazon brick-and-mortar stores is the online retail giant’s latest attempt to disrupt the industry, according to a WSJ report Thursday. The Seattle-based company has recently expanded its brick-and-mortar grocery store footprint, opening 17 Amazon Fresh stores nationwide, and is developing at least 20 more, Bloomberg reported.

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Target CEO Made Nearly $20 Million, 805 Times More Than Median Employee in 2020 Amid Pandemic

Brian Cornell

Target CEO Brian Cornell received a pay raise amid the pandemic last year, boosting his total compensation to 805 times the salary of a median Target employee, Axios reported.

Target paid Cornell $19.75 million in 2020, an increase of nearly $800,000 from the year before, regulatory filings showed, Axios reported. The average Target employee’s salary, meanwhile, was $24,535.

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