Amazon plans cashier- less store in Chicago
Amazon, which opened a cashier- less store in Seattle this year, plans more locations in Chicago and San Francisco.
The company confirmed Monday that Amazon Go stores would open in the two cities, but didn’t say when. The store openings were first reported by the San Francisco Chronicle and The Seattle Times.
Shoppers enter the stores by scanning a smartphone app. Once inside, they can take soda, salads or anything else off its shelves and just walk out. Amazon’s technology, including overhead cameras, keeps track of what they buy and charges customers after they leave.
Seattle OKs business tax of $ 275 per full- time worker
SEATTLE— Seattle leaders onMonday unanimously approved a tax on large businesses such as Amazon and Starbucks to fund the fight against homelessness after weeks of heated debate.
The City Council backed a compromise plan that will charge large businesses about $ 275 per full- time worker each year, lower than the $ 500 per worker initially proposed. The so- called head tax would raise about $ 48 million a year to pay for affordable housing and homeless services.
Nearly 600 large for- profit employers making at least $ 20 million in gross revenue would pay the tax that would begin in 2019. Amazon vice president Drew Herdener said in an emailed statement that the company was disappointed by the council’s decision to introduce “a tax on jobs.”
Buffett lunch up for auction
OMAHA, Neb.— BillionaireWarren Buffett is preparing to auction off another private lunch to raise money for a homeless charity in San Francisco, the Glide Foundation. Last year’s winner got a relative bargain by paying $ 2,679,001 for the lunch. The record price for the auction is $ 3,456,789 that winners paid in 2016 and 2012. This year’s eBay auction starts May 27 and runs through 9: 30 p. m. Central on June 1. Foxconn picks leadWis. developer
MADISON, Wis.— Foxconn Technology Group has selected a company led by a Republican megadonor with close ties to Gov. ScottWalker to develop the master plan for its massive campus inWisconsin. Foxconn announcedMonday that it chose Hammes Company to be the lead developer. Hammes is led by Jon Hammes, who is part owner of the NBA’sMilwaukee Bucks. Rockport reaches sale agreement
NEW YORK— The Rockport Group will sell its assets to private equity group Charlesbank under a bankruptcy plan as the shoemaker struggles to compete in a tougher retail market. The Newton, Massachusettsbased company filed for Chapter 11 bankruptcy protection. Rockport said it will maintain operations through the sale process. Rockport was founded in 1971 as The Rockport Co.