AGP Executive Report
Last update: 4 hours agoAmazon: The company is cutting hundreds of retail jobs and plans to phase out Fire tablets, saying they did not meet customer expectations. Its replacement Alexa tablets will run Android and support Google apps. Brand Reset: Lululemon named new operations and product chiefs as it tries to revive sales; comparable-store sales fell 10% in its latest quarter, leaving the new team with plenty to prove. Checkout Offers: Asda is using AI to target promotions at online grocery customers. The retailer says the move lifted revenue from the partnership, with no change in customer conversion. Product Safety: The FDA says testing found undeclared ethanol, methanol and isopropanol in one lot of Babies’ Magic Tea Baby Sleep Gripe Water. Caregivers should stop using lot 25122bw and seek a refund. Price Pressures: India’s V-Mart plans apparel price increases of 3% to 5% this quarter to offset rising costs. Eco Labels: A new EU survey found 81% of consumers believe EU Ecolabel products have a lower environmental impact, up from 75% in 2023.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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