SEATTLE — Amazon.com Inc. said Thursday that it would raise the annual subscription fee for its Prime members in the U.S. to $119 from $99, an increase of 20%. The announcement came as Amazon reported strong sales and earnings gains for the first quarter ended March 31. “We continue to increase the value of Prime,
SEATTLE — President Trump’s use of Twitter to renew complaints about Amazon.com and founder Jeff Bezos dominated conversations in both Washingtons earlier this spring, with consumers, retailers and investors wondering how — and whether — the White House might try to punish the company for alleged misdeeds. “I have stated my concerns with Amazon long
NEW YORK — Nearly half of U.S. consumers shopped for apparel at Amazon.com over the past 12 months, according to a survey from Coresight Research, which concluded that Amazon is neck and neck with Target Corp. as the second-most-shopped apparel retailer in the United States (after Walmart), as measured by the number of shoppers. Much
Amazon.com has made an own-brand foray into the over-the-counter health products market. Published reports said Amazon has quietly introduced a line of OTCs under the Basic Care brand, including items provided by Ireland-based store-brand and generic drug maker Perrigo plc, whose Good Sense private-label products already were sold by the e-tailing giant. The first
MUMBAI — Walmart is in talks to buy a stake in Indian e-commerce company Flipkart, Thomson Reuters reported today, citing sources familiar with the matter. Walmart is reportedly eyeing a stake of 40% or more in India’s largest online marketplace. An investment from Walmart would give Flipkart muscle in its battle with Amazon.com, which has
SEATTLE — Amazon.com opened its first Amazon Go convenience store today, an experiment in checkout-free retail that replaces cashiers and checkout lines with overhead cameras and weight sensors that track the merchandise shoppers grab from the shelves and take with them. Shoppers use the Amazon Go app to gain entry to the store through a
BENTONVILLE, Ark. — Walmart expects that its U.S. online sales will grow 40% in its next fiscal year, which starts on February 1. That forecast came ahead of the giant retailer’s annual meeting for the investment community on Tuesday, during which the company announced plans to redesign its website, double its number of online grocery
SEATTLE — Amazon.com has moved quickly to transform Whole Foods Market, cutting prices on popular items by up to 43% in an effort to end the natural grocer’s “whole paycheck” reputation for expensive offerings. Amazon’s $13.7 billion acquisition of Whole Foods closed on August 28, five days after the Federal Trade Commission approved the deal
HOFFMAN ESTATES, Ill. — Sears Holdings struck a deal on Thursday to sell its Kenmore-branded appliances on Amazon.com. Sears also said its Kenmore Smart appliances will be integrated with Amazon’s Alexa platform. Shares of Sears’ stock were climbing more than 25% at one point in trading before the market’s open following this news. “The launch
WOONSOCKET, R.I. — Alex Perez-Tenessa, chief beauty care merchant at CVS Pharmacy, is leaving the company. Alex Perez-Tenessa CVS confirmed on Monday that Perez-Tenessa, vice president of merchandising for beauty and personal care for the drug chain, is departing to pursue other career opportunities. Published reports said Perez-Tenessa is joining online retail giant Amazon.com. Perez-Tenessa joined
SEATTLE — Just 13 minutes after placing an order on Amazon.com, a customer in Cambridge, England, received the order — an Amazon Fire TV streaming device and a bag of popcorn — dropped at the customer’s doorstep by an autonomous drone, the first such delivery for the company. Amazon’s chief executive officer, Jeff Bezos, confirmed
SEATTLE — Amazon.com Inc. plans to boost its grocery business by opening small brick-and-mortar stores that would sell perishable items such as milk, meat and produce, The Wall Street Journal reported, citing anonymous sources familiar with retailer’s intentions. Once inside the stores, shoppers could use their mobile devices, or possibly touch screens inside the stores,