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Amazon’s Q4 performance beats expectations

Amazon’s Q4 performance beats expectations

SEATTLE — Amazon on Thursday reported fourth-quarter sales and earnings that topped analysts’ expectations, driven in part by a “record-breaking” holiday season. The company said its net sales increased 14% to $170.0 billion in the fourth quarter ended December 31, up from $149.2 billion in the fourth quarter of 2022. Net income increased to $10.6

Amazon is tops in personalization

CHICAGO — A “special edition” of the dunnhumby Retailer Preference Index (RPI) places Amazon, H-E-B and Kroger atop the latest rankings of grocery retailers in terms of their abilities to personalize shopping experience to best serve shoppers. The inaugural RPI for Leadership in Personalization finds that Amazon stands apart from all other retailers, dunnhumby says

Amazon leads grocers in personalization, dunnhumby says

Amazon leads grocers in personalization, dunnhumby says

CHICAGO — A “special edition” of the dunnhumby Retailer Preference Index (RPI) places Amazon, H-E-B, and Kroger atop the latest rankings of grocery retailers in terms of their abilities to personalize shopping experience to best serve shoppers. The inaugural RPI for Leadership in Personalization finds that Amazon stands apart from all other retailers, dunnhumby says

Amazon’s third quarter results beat expectations

Amazon’s third quarter results beat expectations

SEATTLE — Amazon.com Inc. reported third-quarter revenue and earnings that topped analysts’ forecasts, and the e-commerce giant said it expects fourth-quarter net sales to be between $160 billion and $167 billion, which would be an increase of between 7% and 12% compared with the fourth quarter of 2022. For the fiscal third quarter ended September

Amazon sued over ‘monopoly power’

SEATTLE — The Federal Trade Commission and 17 state attorneys general filed a lawsuit against Amazon.com Inc. on September 26 alleging that the company is a monopoly that uses “anticompetitive and unfair strategies” that harm rivals and consumers and stifle innovation. “The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly

NRF’s ranking of top retailers reflects consistent growth

WASHINGTON — Longtime No. 1 Walmart retained first place on the National Retail Federation’s annual list of the top retailers, followed by Amazon. The 2023 Top 100 Retailers ranks the industry’s largest companies according to domestic sales. Walmart headed the list — compiled by Kantar — with $499.65 billion in U.S. retail sales in 2022.

Amazon reports double-digit sales gains in Q2

Amazon reports double-digit sales gains in Q2

SEATTLE — Amazon.com Inc. reported net sales of $134.4 billion in the second quarter of fiscal 2023, an 11% increase compared to the same period in 2022 when net sales stood at $121.2 billion. Sales in North America totaled $82.5 billion for the quarter, up 11% versus the prior year period, while the company’s international sales

Study eyes grocers’ long-term future

CHICAGO — Amazon, Aldi, Costco Wholesale Corp. and Wal­mart are among the U.S. food retailers best positioned for success in 2053, according to a report from dunnhumby. “Grocery 2053: A Data-Driven Gaze into the Future” is the data science firm’s examination of trends that will have the biggest potential impact on grocery retailers over the

AWS adds Generative AI Innovation Center

AWS adds Generative AI Innovation Center

SEATTLE — Amazon Web Services, Inc. (AWS), an Amazon.com, announced the AWS Generative AI Innovation Center, a new program designed to help customers successfully build and deploy generative artificial intelligence (AI) solutions. AWS said it is investing $100 million in the program, which will connect AWS AI and machine learning (ML) experts with customers around

Video Forum: Justin Honaman, Amazon Web Services

Video Forum: Justin Honaman, Amazon Web Services

In the conclusion of a two-part Video Forum interview, Justin Honaman, head of worldwide retail and consumer goods go-to-market at Amazon Web Services, talks about the AWS business model and shares his views on the role of technology in the drive toward greater personalization, the need to rethink the supply chain in the wake of

Amazon unveils Anti-Counterfeiting Exchange

Amazon unveils Anti-Counterfeiting Exchange

SEATTLE — Amazon has launched the Anti-Counterfeiting Exchange (ACX), the company said Thursday, describing the exchange as an industry collaboration designed to make it safer to shop online and more difficult for counterfeiters to move among different stores to attempt to sell their counterfeit goods. ACX allows participating stores to share information about confirmed counterfeiters

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