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,
SEATTLE — Amazon.com Inc. reported net sales of $32.7 billion in the third quarter, an increase of increased 29% compared with $25.4 billion in third quarter of 2015. The e-commerce giant also posted its sixth straight quarterly profit. Net income was $252 million in the third quarter, or $0.52 per diluted share, compared with $79
The struggles between brick-and-mortar retailers and their online offspring continue. More precisely, the competition shows no signs of abating — or reaching any conclusion. If anything, it has gathered momentum, with the insertion of Amazon as the target of brick-and-mortar retailers seeking to build a viable online business. Perhaps enough has been said and written
SEATTLE — Amazon.com Inc. has filed suit against Arthur Valdez, its former senior supply chain and logistics operator, seeking to prevent him from starting a new job with Target Corp. Target announced last month that it had hired Valdez to serve as executive vice president, chief supply chain and logistics officer. Valdez, who is due
LONDON — Amazon.com Inc. has signed a deal with Morrisons, Britain’s No. 4 supermarket chain, to sell food to U.K. customers via the Amazon Prime Now and Amazon Pantry services. Amazon Pantry launched last year in the United Kingdom, but only with nonperishable food. The deal calls for Morrisons to supply fresh and frozen food,