TOMORROWS TRANSPORTATION NEWS TODAY!

Tag: Whole

Brazil’s GOL Sees 737 MAX Flying by April, Compensation Talks Ongoing

DUBLIN (Reuters) – Brazilian low-cost carrier GOL, which has 130 of Boeing’s grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to secure a compensation deal within months, chief financial officer Richard Lark said on Monday.

“We at GOL are planning April” for the jet’s return to service, Lark told journalists. He said he expected to finalize a deal with Boeing within months that would “make investors whole” for losses associated with the delivery delays.

(Reporting by Conor Humphries; editing by David Evans)

FILE PHOTO: An employee works near a Boeing 737 Max aircraft at Boeing’s 737 Max production facility in Renton

Amazon to Close All U.S. Pop-Up Stores

March 6 (Reuters) – Amazon.com Inc will close all of its U.S. pop-up stores and focus instead on opening more book stores, a company spokesperson said on Wednesday.

The company’s shares closed down 1.4 percent at $1,668.95.

Amazon’s all 87 pop-up stores in the United States are expected to close by the end of April, the Wall Street Journal reported https://www.wsj.com/articles/amazon-to-shut-all-u-s-pop-up-stores-as-it-rethinks-physical-retail-strategy-11551902178 earlier on Wednesday, citing some of the employees at the stores.

The news underscores how the online retailer is still working out its brick-and-mortar strategy.

Pop-up stores for years helped Amazon showcase novel products like its voice-controlled Echo speakers, but the company is now able to market those products and more at its larger chain of Whole Foods stores, acquired in 2017, and cashierless Amazon Go stores, which opened to the public last year.

The online retail giant will also open more “4-star stores” – stores that sell items rated 4-stars or higher by Amazon customers, the spokesperson added.

“After much review, we came to the decision to discontinue our pop-up kiosk program, and are instead expanding Amazon Books and Amazon 4-star, where we provide a more comprehensive customer experience and broader selection.”

Shares of bookseller Barnes & Noble Inc closed down 8.9 percent at $5.84.

(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)