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NEW YORK — Now sold on Amazon: insulin and inhalers. The company said Tuesday that it has opened an online pharmacy, giving shoppers the chance to buy their medication on their phones and computers. The move propels Amazon into a new business and could shake up the pharmacy industry. The move puts the online retail giant in direct competition with big chains like CVS and Walgreens, who rely on their pharmacies to bring them a steady flow of shoppers who stop by frequently to pick up their medications. Amazon said it will offer commonly prescribed medications starting, including creams, pills and medications that need to stay cold, like insulin. Shoppers have to set up a profile on Amazon’s website and have doctors send prescriptions to Amazon. 762
New York's Attorney General has fined three Amazon sellers and ordered them to pay restitution to customers for marking up the price of hand sanitizer amid the COVID-19 pandemic.According to a press release from the office of New York AG Letitia James, the three sellers agreed to pay back a combined ,000 to customers who purchased the overpriced hand sanitizer and also agreed to pay ,500 in penalties, fees, and costs.James' office says that the three Amazon sellers — Northwest-Lux, Mobile Rush and EMC Group, Inc — sold hand sanitizer online at a substantial markup in February and early March when the coronavirus began to arrive in the U.S.At that time, hand sanitizer had quickly disappeared from store shelves as stores weren't prepared for skyrocketing demand. According to James' office, that's when the three Amazon sellers began selling sanitizer online at an enormous markup.The Attorney General's office says Northwest-Lux charged customers as much as 0 for a 2-liter bottle of hand sanitizer that typically sells for . The press release says Mobile Rush charged up to for an 8 0z. bottle of Germ-X — which typically sllls for about . EMC was selling eight packs of Purell for up to — a price increase of up to .James's office says that customers who purchased the overpriced items will receive restitution, which will be applied directly to their credit or debit cards."Price gouging on necessary consumer supplies during an unprecedented public health emergency is absolutely unconscionable and will not be tolerated," James said. "Instead of ensuring individuals could protect themselves from the coronavirus, these businesses operated with dirty hands by charging exorbitant prices on hand sanitizer and other cleansing products. My office will continue to clean up this unlawful practice by using all of the tools at our disposal to prevent price gouging during this pandemic."James' office isn't alone in fighting COVID-19 price gouging. Earlier this year, Amazon suspended the accounts of thousands of sellers for price-gouging related offenses, including one man who chose to donate his excess supply of hand sanitizer to a local church and the state of Tennessee. Others have been prosecuted for hoarding N95 masks and other personal protective equipment. 2312
NEW YORK — A Manhattan prosecutor trying to get President Donald Trump’s tax returns told a judge that he was justified in demanding them, citing public reports of “extensive and protracted criminal conduct at the Trump Organization.” Trump’s lawyers last month said the grand jury subpoena for the tax returns was issued in bad faith and amounted to harassment of the president. Manhattan District Attorney District Attorney Cyrus R. Vance, Jr., is seeking eight years of the Republican president’s personal and corporate tax records, but has disclosed little about what prompted him to request the records, other than part of the investigation is related to payoffs made to women to keep them quiet about alleged affairs with Trump. 742
Nitro is coming to a Starbucks near you.Every company-operated US Starbucks location will offer the nitrogen-infused cold brew coffee, which comes out of a tap, by the end of next year to meet customer demand, the company said on Thursday.The expansion is part of Starbucks' plan to sell more products next year — especially as Frappucino sales slip.Frappuccinos used to help drive sales for Starbucks. But in recent years, increasingly health-conscious customers have turned on the sugary blended beverages.Cold drinks like iced espresso, cold brew and Refresher juice drinks have driven more than 80% of Starbucks' beverage growth over the last two years, said Roz Brewer, chief operating officer for Starbucks, during the company's investor day presentation."As you know, our primary softness has been centered around Frappuccino," Brewer said on Thursday.Frappuccino drinkers tend to treat the drink as a one-off purchase, she noted. But customers are more loyal to cold brews and iced coffees. "These categories are more habitual and create more brand affinity," she said.The company is not moving away from Frappuccinos, Brewer noted. Starbucks is just offering new options for the blended drinks and expanding its cold drink portfolio.Starbucks started selling Nitro in its Roastery and Tasting Room in Seattle. The brew was such a hit that Starbucks expanded it to 500 Starbucks stores later that year.Right now, 2,500 out of 8,500 US company-operated stores serve Nitro cold brew. The expansion is "pretty substantial for us," Brewer told CNN Business.Nitro-serving taps will be added to all Starbucks stores, Brewer added. "That equipment is coming in around the country now."Brewer said she especially likes how Nitro looks when it's being poured into a glass. That "little bit of theater," she said, adds a visual element to the drink.The company also plans to expand its blended coffee offerings next year."We've got some new things coming ... that will allow us to use Nitro technology plus cold foam," Brewer said. Starbucks introduced cold foam, which tops some of the company's iced drinks, this year. To improve sales at Starbucks (SBUX) stores, the company is also investing in developing digital relationships with customers and making its stores more efficient to allow baristas to spend more time with customers.The company also plans to expand its partnership with Uber Eats to nearly a quarter of company-operated US stores early next year. The Starbucks Delivers pilot program ran in Miami this year. And it's continuing its aggressive Chinese growth strategy with a new virtual store, which allows customers to buy Starbucks gift cards and order merchandise through an integrated app. 2718
NIWOT, Colorado — The last of Crocs Inc.'s manufacturing facilities, located in Italy, is going to close, the company announced.It also closed its plant in Mexico. Crocs leaders did not give information on how it will continue producing its products during its second-quarter earnings report this week.The company grew its second-quarter earnings and revenue by 4.7 percent year-over-year. But Crocs Inc. is operating fewer stores.The company has not said if it plans to shutter more stores in the U.S. It expects revenue to increase, in the single digits, by the year's end. The cost of closing the manufacturing facilities in 2018 is million, the Daily Camera reports.Crocs Inc.'s chief financial officer, Carrie Teffner, plans to resign from the company effective April 1, 2019. Anne Mehlman will take her place. 857