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Amazon Prime Day sets sales record

NEW YORK — 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

NRF releases 2023 Top 100 Retailers list

NRF releases 2023 Top 100 Retailers list

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

Amazon’s sales rise, profits fall in Q1

Amazon’s sales rise, profits fall in Q1

SEATTLE, Wash. — 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

Amazon disrupting Rx with PillPack purchase

SEATTLE — 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

Sears forms partnership with Amazon

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. is strengthening its links to, 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

High standards inspire Amazon

High standards inspire Amazon 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