Starting in July, All Kohl's Stores Will Accept Amazon Returns

Justin Sullivan, Getty Images
Justin Sullivan, Getty Images

The only thing that can dilute the excitement of receiving a package from Amazon is the realization that you ordered the wrong item. Maybe it’s a shirt that doesn’t fit, or a gadget that didn’t meet expectations. Now it has to go back, which means printing out a return slip, boxing it back up, and either making a trip to the post office or waiting for a postal carrier to take it away.

Amazon's return policy is now getting a makeover. Beginning in July, all 1150 Kohl’s locations will be accepting returns for the online giant. The program is called Amazon Returns, and it’s free for the consumer. Items don’t need to be packaged. All you have to do is bring in your unwanted Amazon order and let them box it up. While it would seem like a massive inconvenience for Kohl’s, it’s actually part of a mutually beneficial strategy.

By inviting Amazon customers to walk into their stores, Kohl’s is increasing their foot traffic and setting themselves up for an opportunity to capture some additional revenue from people who might not have stopped in otherwise. It’s a smart approach for a brick-and-mortar retailer, a segment of commerce that has been dramatically impacted by the rise of online shopping and Amazon’s dominance in particular.

For Amazon, it likely means consolidating their shipping costs. Instead of retrieving returns from a number of addresses or drop-off locations, they’re able to bundle shipments from Kohl’s.

There are some caveats. If you bought a product from a third-party Amazon seller, it’s not eligible to be processed at a Kohl’s location. And you’ll still have to log on to your Amazon account to notify them you’ll be returning an item via a Kohl’s store.

Accepting Amazon returns may not be the only change you see in Kohl’s in the coming years. Some locations have partnered with Aldi and Planet Fitness to offer a more diverse array of services.

[h/t Gizmodo]

The Government Will Pay You $1000 to Adopt a Wild Horse

iStock.com/Callipso
iStock.com/Callipso

In an effort to reduce the population of wild horses out West, the U.S. Bureau of Land Management has scrapped the $125 fee for adopting a wild mustang and offered an incentive in its place. Anyone who brings home one of these horses will receive $1000 from the government, according to The New York Times.

You won’t have to travel to Wyoming to check out the selection, either. An “online corral” called Wild Horses Online lets you browse the different horses (and burros) available for adoption. You can peruse photos and short bios of the animals, narrowing your search by gender, age, color, height, training, and more. Some of the horses are completely untrained, while others have been “gentled,” meaning that they’ve had some degree of handling.

According to the bureau’s most recent data from March 2018, there are more than 66,000 wild horses in 10 states. Nevada is home to more than 40,000 of these animals, making it the state with the largest wild horse population. Montana has just 155 horses, a handful of which live on the state’s Wild Horse Island in Flathead Lake.

In many areas, rising populations and drought have threatened the animals’ access to food and water. The government has responded by rounding up the animals and bringing them to corrals or pastures that aren’t located on public land. About 50,000 horses were available for adoption as of last month.

In addition to the adoption program, the bureau has also been working with a nonprofit organization that hosts a national competition called Extreme Mustang Makeover, in which horse trainers have about 100 days to tame a wild horse. Some wild horses are also taken in and “gentled” by inmates at the Northern Nevada Correctional Center as part of a rehabilitation program. Similar programs exist in at least five other states as well.

[h/t The New York Times]

Here's What Investments in the Early Stock Offerings of Major Companies Would Be Worth Today

iStock.com/pressureUA
iStock.com/pressureUA

If you’re curious about what might have been when it comes to hypothetical stock market investing, a new infographic from the financial website How Much will get your attention. The site looked at the initial public offering, or IPO, of some of the biggest companies in tech and consumer goods over the past decades and how much that investment is worth today. (IPOs signal when stock is released for purchase by the general public.) Here's what they found.

A chart demonstrates the increase in value of stocks for successful companies
How Much

Putting down $100 for shares of McDonald’s when the company went public in 1965 and forgetting about it would have netted you $569,800 today. Even more profitable than fast-service burgers would have been Coca-Cola, although that stock would have had a century to appreciate.

The biggest score—and surprise—is Nike, which manages to deliver the biggest haul since its IPO launched in 1980. Nike stocks traded at just 18 cents a share then but ballooned to over $85 in February 2019. Microsoft was far more valued at the time of its IPO, trading at $21 a share in 1986, but its value has only gone up—a share is now worth $108.22 in 2019.

The site accounted for stocks that were held through falling and rising stock prices, stock splits, and stocks with dividends taken out and not reinvested.

While it may seem like a bit of financial daydreaming, the chart is an intriguing illustration of the brands that have resonated with the public over the years. When Starbucks went public in 1992, some prospective investors believed that selling coffee for the then-outrageous price of $1 per cup with Italian names that many people couldn’t pronounce was ridiculous. For others, believing in the power of the latte paid off.

[h/t Digg]

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