SEATTLE — Amazon.com Inc. recorded net sales of $116.4 billion in the first quarter of fiscal 2022, an increase of 7% versus the prior-year period. But that gain is the company’s smallest in years and compares to a 44% increase in last year’s first quarter. The company also had a net loss of $3.8 billion in
AUSTIN, Texas — Amazon’s Whole Foods Market chain on Monday announced a new round of price cuts on fresh produce and other items across the store. Members of Amazon prime will also get more benefits when shopping at Whole Foods, including additional exclusive weekly deals on popular items. The new prices will go into effect
SEATTLE — Amazon.com Inc. reported strong sales and net earnings gains for the fourth quarter, beating analysts’ estimates. But the company’s forecast for first quarter sales growth fell short of analysts’ projections, and shares fell in early morning trading on Friday. Net sales increased 20% to $72.4 billion in the fourth quarter ended December 31. Net
SEATTLE — Amazon.com Inc. and its Whole Foods Market chain said Tuesday that they are expanding the delivery of natural and organic products from Whole Foods Market stores through Amazon’s Prime Now service in the greater Miami and New York metropolitan areas. Prime members in those cities can shop through online, or by using the Prime
SEATTLE —Amazon.com Inc. is teaming up with its sometimes rival Best Buy to sell Amazon’s latest smart TVs. Best Buy is becoming the exclusive retail partner to sell Fire TV Edition televisions made by Toshiba and Insignia (Best Buy’s house brand). Beginning this summer, Best Buy will sell more than 10 Fire TV Edition televisions
NEW YORK — Amazon.com Inc. announced it had lowered prices on holiday favorites and other popular items at Whole Foods Market and was offering even greater discounts for Prime members. Whole Foods shoppers can buy organic turkeys for $3.49 per pound, while the price of antibiotic-free turkeys was cut to $2.49 per pound. For Prime
Suddenly, without warning, mass retailing is experiencing a transformation without precedent — or, at the least, without precedent in this century. Within the space of days, Amazon.com Inc. has purchased Whole Foods Market Inc., an alliance that brings together two of the most fascinating retailers currently vying for business in America, while Walmart has entered
The fallout from Amazon.com Inc.’s agreement to acquire Whole Foods Market Inc. is just beginning. But the implications are already clear: This transaction, if completed, will shake up the mass retailing community as nothing has done in years, if not decades. Parallels do not come readily to mind. Walgreen Co.’s merger with Alliance Boots GmbH
SEATTLE — Amazon.com Inc. said Tuesday that its Prime Day sale was on track to be the biggest shopping event in its history by sales. Third-party sellers sold over 50% more items on the site by noon local time than in the same time frame last year, Amazon said in a statement. The sales event, aimed
MINNEAPOLIS — Target Corp. is testing a household essentials delivery service that is said to have cheaper shipping and shorter delivery times than those available to Amazon.com Inc.’s Prime Pantry customers. The service, called Target Restock, launched late last month as a pilot in the Minneapolis/St. Paul area for the retailer’s RedCard holders. Target said
SEATTLE — Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, including debt, in the biggest deal ever for the e-tailer as it continues to encroach on the grocery sector. Amazon will pay $42 a share in cash for the natural food chain, the companies said this month. Whole Foods cofounder and chief
SEATTLE — Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, including debt, in the biggest deal ever for the e-tailer as it continues to encroach on the grocery sector. Amazon will pay $42 a share in cash for the natural food chain, the companies said today. Whole Foods cofounder and chief executive