For nearly two years, netting a PS5, Xbox Series X, or AMD Radeon and Nvidia RTX graphics cards without paying a fortune has been a matter of luck (or a lot of skill). At its peak, scalpers were successfully charging double or even triple MSRP for a modern GPU. But it's looking like the great GPU shortage is nearly over. From a report: In January, sites including Tom's Hardware reported that prices were finally beginning to drop, and drop they did; they've now dropped an average of 30 percent in the three months since. On eBay, the most popular graphics cards are only commanding a street price of $200-$300 over MSRP. And while that might still seem like a lot, some have fallen further: used Nvidia RTX 3080 Ti or AMD RX 6900 XT are currently fetching less than their original asking price, a sure sign that sanity is returning to the marketplace.

Just as importantly, some graphics cards are actually staying in stock at retailers when their prices are too high -- again, something that sounds perfectly normal but that we haven't seen in a while. For many months, boutiques like my local retailer Central Computers could only afford to sell you a GPU as part of a big PC bundle, but now it's making every card available on its own. GameStop is selling a Radeon RX 6600 for just $10 over MSRP, and it hasn't yet sold out. Newegg has also continually been offering an RTX 3080 Ti for just $10 over MSRP (after rebate, too) -- even if $1,200 still seems high for that card's level of performance.

Amazon's physical retail business is suffering a major blow as the company today confirmed it will close 68 brick-and-mortar retail stores across the U.S. and U.K. From a report: This includes its Amazon Books bookstores, its pop-up shops in various markets, and its 4-star stores where customers could shop popular and highly-rated products across Amazon.com. The retailer, which began its life as an online bookseller, launched its first physical bookstore in Seattle back in 2015, then steadily expanded its brick-and-mortar footprint to include more locations across the U.S. and abroad, including in U.S. states like Arizona, California, Colorado, D.C., Illinois, Maryland, Massachusetts, New Jersey, New York, Oregan, Tennessee, Texas, and of course, its home state of Washington.

Newegg has apologised for dealing poorly with returns and open-box product sales, in the wake of a recent video from Gamers Nexus documenting its own terrible returns experience. From a report: The online retailer has now said it has now put in place new policies to ensure a hassle-free return experience on open-box products for motherboards and CPUs, though is light on the details. There's no doubt that the statement tweeted out by the company comes as a response to Gamers Nexus' recent videos outlining the channel's return experience for a Gigabyte Aorus Xtreme Z490 motherboard, which when combined total nearly two million views. It goes something like this: The hardware YouTube channel bought a motherboard via Newegg for testing, though shortly thereafter decided it was no longer required. It then sought to return the motherboard under Newegg's returns policy and shipped the product back to the retailer.

Britain's antitrust regulator designated Amazon.com as a grocery retailer, subjecting the online retail giant to the same rules followed by U.K. supermarket chains, such as Tesco. From a report: The Groceries Supply Code of Practice prohibits companies from making changes to supply contracts at short notice, and requires retailers to give appropriate period of notice if they no longer want to use a supplier and give reasons for ending contracts. It means that Amazon could now face a fine of as much as 1% of its U.K. revenue if it's deemed to have mistreated vendors. The Seattle-based company sells groceries online under its Amazon Fresh banner, as well as through a partnership with supermarket chain Wm Morrison Supermarkets. It has 15 Amazon Fresh stores and seven Whole Foods stores in Greater London and has a minority stake in food delivery service Deliveroo. "Today's decision to designate Amazon helps to ensure a level playing field for companies active in the groceries sector as people's buying habits evolve," said Adam Land, senior director of remedies, business and financial analysis at the Competition and Markets Authority.

An anonymous reader quotes a report from The Seattle Times: Amazon is shutting down its "Sold by Amazon" program after an investigation from Washington Attorney General Bob Ferguson found it was anticompetitive and violated antitrust laws. The company engaged in unlawful price fixing and unreasonably restrained competition in order to maximize its own profits, according to the lawsuit and consent decree filed Wednesday in King County Superior Court. As a result of the investigation, Amazon will shut down the program nationwide and pay $2.25 million to the attorney general's office, as well as provide annual updates on its compliance with antitrust laws. The funds will go toward antitrust enforcement.

The program ran from 2018 to 2020, when Amazon suspended it for reasons unrelated to the investigation, according to a spokesperson for the company. It was a small program offering another tool to businesses, the spokesperson said, and did not include all of the third-party sellers on the e-commerce platform. Through the program, third-party sellers entered into an agreement with Amazon that set a minimum payment rate for products sold on the platform, according to the lawsuit. If the sales exceeded the agreed upon minimum, Amazon would take a cut of the additional revenue. A spokesperson for Amazon said the company believes the program was legal and good for consumers. Amazon acted as the retailer and purchased products from suppliers to fill a customer order, ensuring low prices for consumers. But, Ferguson's investigation concluded, the program boosted Amazon's sales and ensured it didn't have to compete with third-party sellers. "Consumers lose when corporate giants like Amazon fix prices to increase their profits," Ferguson said Wednesday. "Today's action promotes product innovation and consumer choice, and makes the market more competitive for sellers in Washington state and across the country."

"Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs," reports CNBC.

"The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods. In a separate filing, the company said it would offer users a virtual currency, as well as non-fungible tokens, or NFTs." According to the U.S. Patent and Trademark Office, Walmart filed the applications on Dec. 30. In total, seven separate applications have been submitted.... "They're super intense," said Josh Gerben, a trademark attorney. "There's a lot of language in these, which shows that there's a lot of planning going on behind the scenes about how they're going to address cryptocurrency, how they're going to address the metaverse and the virtual world that appears to be coming or that's already here...."

[B]oth Under Armour's and Adidas' NFT debuts sold out last month. They're now fetching sky-high prices on the NFT marketplace OpenSea. Gerben said that apparel retailers Urban Outfitters, Ralph Lauren and Abercrombie & Fitch have also filed trademarks in recent weeks detailing their intent to open some sort of virtual store.... According to Frank Chaparro, director at crypto information services firm The Block, many retailers are still reeling from being late to e-commerce, so they don't want to miss out on any opportunities in the metaverse. "I think it's a win-win for any company in retail," Chaparro said. "And even if it just turns out to be a fad there's not a lot of reputation damage in just trying something weird out like giving some customers an NFT in a sweepstake, for instance."

An anonymous reader quotes a report from Ars Technica: Humble, the bundle-centric games retailer that launched with expansive Mac and Linux support in 2010, will soon shift a major component of its business to Windows-only gaming. The retailer's monthly subscription service, Humble Choice, previously offered a number of price tiers; the more you paid, the more new games you could claim in a given month. Starting February 1, Humble Choice will include less choice, as it will only offer a single $12/month tier, complete with a few new game giveaways per month and ongoing access to two collections of games: Humble's existing "Trove" collection of classic games, and a brand-new "Humble Games Collection" of more modern titles.

But this shift in subscription strategy comes with a new, unfortunate requirement: an entirely new launcher app, which must be used to access and download Humble Trove and Humble Games Collection games going forward. Worse, this app will be Windows-only. Current subscribers have been given an abrupt countdown warning (as spotted by NeoWin). Those subscribers have until January 31 to use the existing website interface to download DRM-free copies of any games' Mac or Linux versions. Starting February 1, subscription-specific downloads will be taken off the site, and Mac and Linux versions in particular will disappear altogether. Interestingly, the current Trove library consists of 79 games, but Humble says that the Trove collection will include "50+ games" starting February 1. This week's warning to Humble's Mac and Linux subscribers notes that "many" of the current Trove games will appear on the Humble Launcher, which is likely a nice way of saying that some of the existing games will not -- perhaps around 20 or so, based on the aforementioned numbers. Despite these changes, Trove's selection of games will remain DRM-free. FAQs about the Humble Launcher suggest that subscribers can download Trove files and continue accessing them in DRM-free fashion, no Humble Launcher or ongoing subscription required. The same promise has not been made for the more modern game collection found in the new Humble Games Collection.

An anonymous reader quotes a report from Markets Insider: Andrew Kiguel, CEO of crypto-asset investment firm Tokens.com, estimated his metaverse portfolio is valued at 10 times more than his purchase price, USA Today said in a report published Wednesday. "It's all about the location," he told the newspaper, saying that land in the core of a virtual downtown is key. "The more visitors who come, the more valuable the land, and the more a retailer and advertisers will be willing to spend to reach those people." Toronto-based Tokens.com acquired a 50% stake in Metaverse Group in October for $1.7 million, then completed an additional investment last week to give it a 67% ownership stock in the firm. The deal comes after Metaverse Group last month made a then-record $2.43 million purchase of parcels in the Decentraland metaverse platform.

Kiguel has high hopes for that virtual plot of land. "I think we're going to see a quick appreciation and monetize renting that land and space very soon," he told USA Today, adding that the plan is to develop the virtual area into a destination for luxury brands. Metaverse Group CEO Lorne Sugarman told Insider in November that the Decentraland property purchase, which was in its Fashion District, provides an early foothold in upscale commercial opportunities in the metaverse. "We think the Fashion District purchase is like buying on Fifth Avenue back in the 1800s or the creation of Rodeo Drive," he said, referring to the high-end shopping areas in Manhattan and Beverly Hills. Earlier this month, someone by the name of P-Ape bought a plot of digital land in Snoop Dogg's new virtual world, Snoopverse, for $450,000. "The rapper announced that he would be building his own virtual world in the metaverse on the Sandbox platform this September," reports Fortune.

The U.S. Federal Trade Commission is pushing forward with antitrust scrutiny of Amazon's cloud computing business, according to Bloomberg News. From the report: Lina Khan, the head of the agency and a vocal critic of the online retailer, is advancing a probe started several years ago by her predecessor. FTC investigators have contacted companies in the past few months to gather information about competition issues related to Amazon Web Services, said the people, who declined to be named because they weren't authorized to speak publicly about the outreach. At least one of the contacts was as recent as the past few weeks, said one of the people.

An anonymous reader quotes a report from Reuters: Indian police said on Saturday they had charged senior executives of Amazon.com's local unit under narcotics laws in a case of alleged marijuana smuggling via the online retailer. Police in the central Madhya Pradesh state arrested two men with 20 kg of marijuana on Nov. 14 and found they were using the Amazon India website to order and further smuggle the substance in the guise of stevia leaves, a natural sweetener, to other Indian states.

State police said in a statement that executive directors of Amazon India were being named as accused under the Narcotic Drugs and Psychotropic Substances Act due to differences in answers in documents provided by the company in response to police questions and facts unearthed by discussion. Police did not disclose how many executives were charged. The police, who had previously summoned and spoken to Amazon executives in the case, estimate that about 1,000 kg of marijuana, worth roughly $148,000, was sold via Amazon.

The Apple-1, one of Apple's first computers, fetched $400,000 at auction in the U.S. earlier this week. Slashdot reader schwit1 first shared the news with us. The BBC reports: The rare Hawaiian koa wood-cased Apple-1 -- still functioning -- is one of only 200 made and sold in kit form. The computer has only had two owners, a college professor and his student to whom he sold the machine for $650, said John Moran Auctioneers in California. The sale included user manuals and Apple software on two cassette tapes.

The koa wood case of the auctioned model was added by a pioneering early computer retailer, ByteShop, in California, which took delivery of around 50 of the Apple-1 machines. In 1976, the machines were sold for $666.66, reportedly because Wozniak liked repeating numbers. It is believed there are around 20 such computers in the world still capable of functioning. The auctioned machine is not the highest-grossing Apple-1 computer -- that distinction belongs to a working version that sold for $905,000 at a Bonhams auction in New York in 2014.

Costco Wholesale Corporation has warned customers in notification letters sent this month that their payment card information might have been stolen while recently shopping at one of its stores. BleepingComputer reports: Costco discovered the breach after finding a payment card skimming device in one of its warehouses during a routine check conducted by Costco personnel. The company removed the device, notified the authorities, and is now working with law enforcement agents who are investigating the incident. "We recently discovered a payment card skimming device at a Costco warehouse you recently visited," Costco told potentially impacted customers in breach notification letters. "Our member records indicate that you swiped your payment card to make a purchase at the affected terminal during the time the device may have been operating."

Costco added that individuals impacted by this incident might have had their payment information stolen if those who planted the card theft device were able to gain access to the info before the skimmer was found and removed. "If unauthorized parties were able to remove information from the device before it was discovered, they may have acquired the magnetic stripe of your payment card, including your name, card number, card expiration date, and CVV," Costco revealed. The retailer advised the customers to monitor their bank and credit card statements for fraudulent charges and report suspicious transactions to relevant financial institutions. Data breach notification letters sent to affected individuals did not disclose the total number of impacted customers or the warehouse location where the skimmer device was found.

Kroger said a press release announcing plans to begin accepting Bitcoin Cash was fraudulent, marking the latest apparent scam tying a major retailer to cryptocurrency. From a report: The statement appeared early Friday on PRNewswire, a service used by many large companies to make official announcements. Kroger's investor-relations website automatically picked up the release, the grocer said. Media organizations including Bloomberg News published the information, and Bitcoin Cash briefly spiked about 5%. "This communication was fraudulent and is unfounded and should be disregarded," Kroger said. The episode recalled a similar scam less than two months ago involving Walmart. In that situation, a fake statement went out on a separate wire service, GlobeNewswire, saying the retail giant would begin accepting the cryptocurrency Litecoin. The fake news release set off a short-lived surge of more than 30% in Litecoin before Walmart said the information was false and the statement was taken down.

Walmart has started a pilot program in which shoppers can buy Bitcoin at Coinstar kiosks in some of its U.S. stores. From a report: The test with Coinstar, which is known for the machines that let customers exchange U.S. coins for paper bills or gift cards, began earlier this month, Walmart spokeswoman Molly Blakeman said Thursday. The pilot includes 200 kiosks in Walmart stores. That's part of a broader initiative by Coinstar, which has teamed up with a cryptocurrency cash exchange called Coinme to offer Bitcoin at more than 8,000 kiosks. The pilot includes 200 kiosks in Walmart stores.

"Bitcoin ATMs have been around for a while, including in many supermarkets," said Sam Doctor, chief strategy officer and head of research at BitOoda, a regulated crypto brokerage. "Walmart expands Bitcoin access to more people, though, and gives it further legitimacy among skeptics, should they roll it out beyond an initial pilot." Walmart is testing the service weeks after a high-profile hoax in which a fake press release said the retailer would start letting customers pay with a cryptocurrency called Litecoin. While that announcement was false, Walmart is assessing the future of crypto in its operations. It advertised a job in August to develop "the digital currency strategy and product roadmap" while identifying "crypto-related investment and partnerships."

Major retailers, including Amazon and Ikea, are beginning to clean up their shipping pollution. From a report: A group of companies pledged yesterday that by 2040, they'll only contract ships using zero-carbon fuels to move their goods. Both Ikea and Amazon were among the 15 companies responsible for the most maritime import pollution in 2019, according to one recent analysis. Joining Amazon and Ikea in the commitment are Unilever, Michelin, and clothing retailer Inditex, which owns Zara and other brands. German retailer Tchibo, Patagonia, sports gear company Brooks Running, and FrogBikes are part of the deal, too. The aim is to leave behind heavy fuel oil in favor of alternatives that don't release planet-heating carbon dioxide emissions. But there will still be plenty of hurdles ahead to rein in shipping pollution. "This will be a catalyzing force and a game-changer for the industry to really push for the decarbonization of the sector," says Kendra Ulrich, shipping campaigns director at the environmental nonprofit Stand.earth, which was one of the authors of the 2019 import pollution report.

An anonymous reader quotes a report from Ars Technica: If you're still searching for a PS5 and are a Best Buy customer, your ship may have just come in -- that is, if you're willing to spend an extra $200 a year for access. That's because the big-box electronics retailer is locking stock of in-demand holiday items like Sony's console behind membership of its new Totaltech program. The expensive customer service package was recently rolled out nationwide. The $200 annual service -- which has benefits like round-the-clock tech support, up to two years of protection on Best Buy purchases (including AppleCare+ insurance, which can cost $200 on its own), and member discounted prices -- is throwing in exclusive access to "the season's hardest-to-find products" as a bonus perk for the holidays, the company said in a statement. The Best Buy retail site had the $500 disc drive model PS5s available for Totaltech members to buy Monday morning, with the consoles gated behind an "exclusive access event" paywall. Instead of selling out instantly, its stock lasted between 90 minutes and two hours -- a relatively glacial sales pace compared to the insane demand for the hardware that consumers have faced since it hit stores last November.

Although the PS5's listing page pointed directly to Totaltech membership exclusivity while the hardware was still available, its seemingly unrelated VIP buying privileges aren't listed anywhere on the program's membership benefits and FAQ pages. We would not be shocked to see other highly desired products that have been affected by the chip shortage follow suit, particularly high-end PC GPUs and Xbox Series X/S consoles. The service is replacing a "Best Buy Beta" program that was tested in select markets starting in April. Beta seemed to target a more generalized range of benefits over one focused on tech support and protection, and it notably did not offer special members-only events to buy limited-stock electronics. The company's free My Best Buy membership, which sometimes includes exclusive discount sales, remains unaffected.

"American luxury retailer Neiman Marcus Group has just disclosed a major data breach impacting approximately 4.6 million customers," reports Ars Technica.

"The breach occurred sometime in May 2020 after 'an unauthorized party' obtained the personal information of some Neiman Marcus customers from their online accounts." Neiman Marcus is working with law enforcement agencies and has selected cybersecurity company Mandiant to assist with the investigation. Thursday, Neiman Marcus disclosed that its 2020 data breach impacted about 4.6 million customers with Neiman Marcus online accounts. The personal information of these customers was potentially compromised during the incident. The bits of information include:

- Names, addresses, contact information

- Usernames and passwords of Neiman Marcus online accounts

- Payment card numbers and expiration dates (although no CVV numbers)

- Neiman Marcus virtual gift card numbers (without PINs)

- Security questions of Neiman Marcus online accounts
"Although the data breach occurred over a year ago, Neiman Marcus states it became aware of the incident this September."

Yahoo and AOL, formerly known as Verizon Media, have officially been acquired by their new owners and renamed as simply "Yahoo." The Verge reports: Verizon announced it was selling the properties to Apollo Global Management in May in a deal said to be worth $5 billion, around half of the nearly $9 billion the telecom giant originally paid for them, and a fraction of the hundreds of billions the two companies were worth at their peaks.

Yahoo will now be run by CEO Guru Gowrappan, and will operate as a standalone company under Apollo Funds. Apollo is a private equity firm that owns assets like crafts retailer Michaels, Chuck E. Cheese restaurants, and the Venetian resort in Las Vegas. "The close of the deal heralds an exciting time of renewed opportunity for us as a standalone entity," Gowrappan said. "We anticipate that the coming months and years will bring fresh growth and innovation for Yahoo as a business and a brand, and we look forward to creating that future with our new partners."

Amazon has eclipsed Walmart to become the world's largest retail seller outside China, according to corporate and industry data, a milestone in the shift from brick-and-mortar to online shopping that has changed how people buy everything from Teddy Grahams to teddy bears. From a report: Propelled in part by surging demand during the pandemic, people spent more than $610 billion on Amazon over the 12 months ending in June, according to Wall Street estimates compiled by the financial research firm FactSet. Walmart on Tuesday posted sales of $566 billion for the 12 months ending in July. Alibaba, the giant online Chinese retailer, is the world's top seller. Neither Amazon nor Walmart is a dominant player in China.

In racing past Walmart, Amazon has dethroned one of the most successful -- and feared -- companies of recent decades. Walmart perfected a thriving big-box model of retailing that squeezed every possible penny out of its costs, which drove down prices and vanquished competitors. But even with all of that efficiency and power, the quest to dominate today's retail environment is being won on the internet. And no company has taken better advantage of that than Amazon. Indeed, the company's delivery (many items land on doorsteps in a day or two) and wide selection first drew customers to online shopping, and it has kept them buying more there ever since. It has also made Jeff Bezos, the company's founder, one of the richest people in the world.

Amazon.com -- summoning its inner Oprah -- will offer cash prizes of as much as $500,000 as well as cars and vacation packages to frontline employees who can prove they have been vaccinated against Covid-19. From a report: Unwilling so far to mandate vaccinations for its 1.3-million-strong workforce, the world's largest online retailer is hoping a corporate lottery -- called Max Your Vax -- will persuade holdouts to get the jab. The announcement, a copy of which was seen Friday by Bloomberg, came the same day that Amazon said that starting Aug. 9 workers would have to wear masks in its logistics facilities, regardless of vaccination status -- a reflection of the severity of the spreading delta variant of the coronavirus. Vaccinated workers had been able to work at Amazon mask-free since late May.

Amazon had previously offered frontline workers as much as $80 if they were inoculated against the virus. The company is desperate for workers to keep up with elevated demand from online shoppers and staff dozens of new facilities coming online. Some frontline Amazonians and their managers said the company is concerned mandates would send vaccine skeptics in their ranks in search of other jobs. Amazon's contest will offer a total of 18 prizes, which the company values at almost $2 million: two $500,000 cash awards, six $100,000 awards, five new vehicles and five vacation packages.