NEW YORK — According to published reports, Amazon reported on Thursday that it was canceling plans to build a corporate campus in New York City. The company had planned to build a huge complex in Long Island City, Queens, in exchange for nearly $3 billion in state and city incentives. But the deal had run
CHICAGO — Trader Joe’s was again the top-rated grocer in the second annual dunnhumby Retailer Preference Index (RPI), a study that ranks the nation’s 56 largest grocery retailers by a score that takes seven factors into account: price, quality, digital, operations, convenience, discounts/rewards and speed. The retailers who focus their business on superior value perception
SEATTLE — Amazon’s search for “HQ2” is over. After 14 months of rampant speculation and frenzied media coverage, Amazon revealed that rather than the 50,000-person, $5 billion second headquarters it said it wanted when it launched its search for a second home, the company has settled on two new bases — in the Crystal City
SEATTLE — Amazon has selected New York City and Arlington, Virginia, as the locations for the company’s new headquarters. Amazon will invest $5 billion and create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington. The new locations will join Seattle as
AUSTIN, Texas — Amazon continues to expand grocery delivery from its Whole Foods stores, a service now available in 63 cities across the United States. Amazon Prime members in Albuquerque, N.M.; Birmingham, Ala.; Boise, Idaho; Charleston, S.C.; Colorado Springs, Colo.; Hartford, Conn.; Kansas City, Providence, R.I.; Salt Lake City; and Stamford, Conn. — as well
SEATTLE — Amazon posted a profit of $2.9 billion — $5.75 per share — in its third quarter, up from $256 million a year earlier, as revenue rose 29% to $56.6 billion. Analysts expected Amazon to post earnings of $3.12 per share on $57.1 billion in revenue. It was the second consecutive quarter of record profitability for
SEATTLE — Amazon continues to shake up the industry and expand while making it increasingly difficult for competitors to tread water in its wake. The online giant is considering opening up to 3,000 of its cashier-less Amazon Go convenience stores by 2021, Bloomberg News reported last month, based on sources familiar with the potential plans.
SEATTLE — Amazon continues to expand grocery delivery from its Whole Foods Market stores, a service now available in 48 cities across the United States. The retailer this week introduced grocery delivery in Milwaukee; Omaha; Detroit; Madison, Wis.; St. Louis; Ann Arbor, Mich.; Tulsa, Okla.; and three Florida cities — Tampa, Orlando and Jacksonville —
SEATTLE — Amazon is considering opening as many as 3,000 of its cashier-less Amazon Go convenience stores by 2021, unnamed sources familiar with the plan told Bloomberg News. Ten Go stores would be up and running by the end of 2018, 50 by the end of 2019 and up to 3,000 by 2021, according to
SEATTLE — Amazon’s stock market valuation briefly topped $1 trillion this month, vaulting the online retailer into the exclusive club of $1 trillion companies alongside Apple Inc., which had hovered just below that valuation before a strong third quarter earnings report on August 2 pushed its share price to $207.04. Amazon hit the $1 trillion
AUSTIN, Texas and SEATTLE — Amazon and Whole Foods Market have announced the roll out of grocery pickup beginning in Sacramento and Virginia Beach, with more cities to come throughout 2018. Prime members can now shop Whole Foods Market’s selection of fresh and organic produce, bakery, dairy, meat and seafood, floral and everyday staples and pick
WASHINGTON — The largest U.S. retailers have maintained their edge during the past year by launching new strategies, augmenting the in-store experience and reengineering both logistics and digital commerce capabilities, according to the annual Top 100 Retailers list released last month by the National Retail Federation and Kantar Consulting. The 10 largest retailers on the