NEW YORK — Amazon.com reported record sales for its Prime Day shopping event that spanned July 11 and July 12. The first day, according to Amazon, marked the highest daily sales yet achieved by the online retailing giant. “The first day of Prime Day was the largest sales day in Amazon’s history, and Prime members
WASHINGTON – The National Retail Federation today released its annual list of the Top 100 Retailers, compiled by Kantar, a global marketing data, insight and consultancy company. The 2023 Top 100 Retailers ranks the industry’s largest companies according to domestic sales. Longtime No. 1 Walmart held its top position with $499.65 billion in U.S. retail sales
SEATTLE, Wash. — Amazon.com posted strong sales gains in the first quarter, as consumers forced to stay at home have responded by shopping and spending more with the e-commerce giant. At the same time, Amazon’s costs have risen sharply as well, hurting profits. Net sales increased 26% to $75.5 billion in the first quarter, compared
BENTONVILLE, Ark. — Walmart will begin offering free next-day delivery in select markets this week, with more markets to be added later this year. The move will raise the stakes in its battle with online retailer Amazon.com, which said earlier this month that next-day shipping will soon become standard for members of its Prime membership
SEATTLE — Amazon.com and Whole Foods Market have introduced a new grocery pickup service that allows Amazon Prime members to shop Whole Foods’ selection of fresh and organic produce, bakery, dairy, meat and seafood, floral, and everyday staples and pick up their order in as little as 30 minutes, without leaving their car. “Pickup from
SEATTLE — Amazon.com posted profits of $2.5 billion for the second quarter, up from $197 million a year earlier, on revenue of $52.9 billion. Operating profit margin came in at 5.6%. It was the third consecutive quarter in which Amazon posted profit of $1 billion or more, extending its profitability streak to three years. Amazon
SEATTLE — Amazon.com has made its long-awaited entry into the pharmacy industry with the acquisition of PillPack, an online pharmacy that delivers medications in presorted, easy-to-use dose packaging. Citing “a person familiar with the matter,” Bloomberg News estimates that Amazon will pay about $1 billion for the online pharmacy, which bills itself as “a pharmacy
SEATTLE — Amazon has agreed to buy the Boston-based online pharmacy PillPack. Terms of the deal were not disclosed. Shares of CVS Health Corp. and Walgreens Boots Alliance were trading lower Thursday morning following the announcement of the deal, which marks a big move by Amazon into the pharmacy business. PillPack is already licensed to
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. is strengthening its links to Amazon.com, partnering with the online retail behemoth to sell some DieHard tires and providing full-service installation and balancing for any brand of tires purchased through Amazon. Sears began selling DieHard jumper cables and battery chargers over Amazon in December. DieHard Advanced Gold AGM
Amazon.com late last month reported extraordinarily robust financial results for the quarter ended March 31. Sales at the e-commerce and technology company jumped 43% to $51 billion, while net earnings more than doubled to $1.6 billion. With ad revenue and Amazon Web Services showing notable strength, the company generated gains across the board. Of particular
SEATTLE — Amazon.com is taking its integration with Whole Foods Market to the next level, offering 10% discounts on Whole Foods sale items and special deals on top grocery items to Amazon Prime members. The discount program is starting in Florida this week and will roll out nationwide this summer, the company announced on Tuesday.
BENTONVILLE, Ark. — Walmart announced Wednesday that it has taken a 77% stake in Flipkart, India’s largest online retailer. The $16 billion investment, the largest Walmart has ever made in an outside business, gives the retailer a leading position in the growing market of 1.3 billion people and a chance to blunt Amazon’s drive to