SEATTLE — Amazon and Whole Foods Market jointly announced the introduction of free, two-hour delivery of natural and organic products from Whole Foods through Prime Now, with plans to expand across the U.S. in 2018. Now, Prime customers in neighborhoods of Austin, Texas; Cincinnati; Dallas; and Virginia Beach, Va., can shop through Prime Now for
SEATTLE — Amazon.com Inc on Thursday reported a profit of nearly $2 billion for the fourth quarter ended December 31. The $1.9 billion in net income was the largest quarterly profit in the company’s history, and compares to a net income of $749 million, or $1.54 per diluted share, in the fourth quarter of 2016.
NEW YORK — Three of the largest U.S. companies — Berkshire Hathaway, Amazon and JPMorgan Chase & Co. — have joined together to take employee health care into their own hands. Berkshire Hathaway, Amazon and JPMorgan Chase said Tuesday that they plan to form an independent health care company to provide their employees accessible, affordable and quality care.
Editor’s Note: In this article, the third in a series on all things digital retail, the authors examine how advanced analytics and machine learning are creating new possibilities for customer-centricity. Our first article outlined the evolving competitive and consumer landscape driven by Walmart and Amazon. Our second article discussed how food, drug and mass (FDM)
BOSTON — A new report from global e-commerce analytics firm Profitero reveals that Amazon may be the current online price leader, but that lead could be slipping as Walmart ramps up its efforts to be price competitive. The study, “Price Wars: A Study of Online Price Competitiveness,” states that Amazon’s prices are typically 11% lower
The holiday selling season has arrived, and it promises to be a memorable one for several reasons. A decade after the financial crisis that triggered the Great Recession, the U.S. economy has finally stabilized, with low unemployment and strong growth. Those conditions have led retail industry watchers to predict solid sales increases over the next
NEW YORK—Amazon Books opened its 11th store Tuesday, and its second in New York City. Located on 34th Street, the store is situated directly across the street from the Empire State Building. The new outlet, which includes a coffee shop, has about 3,700 titles available for sale that range from bestsellers to “hidden gems” and
SEATTLE — Amazon announced on Thursday that its $13.7 billion acquisition of Whole Foods Market Inc. will close on August 28. Amazon also revealed details about how it intends to lower prices and integrate its Prime membership program into the Whole Foods checkout process. The company’s bid for Whole Foods was approved August 23 by
In some respects, Amazon is a hard company to categorize. When it opened for business a little over two decades ago it was an online seller of books. Since then Amazon has, among other things, expanded its e-commerce platform to include a broad spectrum of consumer products; launched a line of electronic readers, tablets and
News about Amazon once again shook up the mass retailing community when stories emerged last month that the e-commerce company is setting its sights on the retail pharmacy sector. As first reported by CNBC, Amazon, after years of gauging its prospects in the prescription drug business, is finally taking the initial steps toward a possible
The established order in mass market retailing has been shaken in recent years by the emergence and increasing prominence of Amazon and other e-commerce alternatives to brick-and-mortar stores. Online merchants continue to make inroads in one category after another — everything from books, (the foundation of Amazon’s business) and home entertainment to apparel and groceries.
Amazon is once again jolting the status quo in mass market retailing. The e-commerce pioneer, which has done more than any other company to transform consumer expectations and the way people shop, early this month took the wraps off an experimental brick-and-mortar store format with the potential to revolutionize the grocery shopping experience. Amazon Go,