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Amazon

Amazon stays in the retail limelight

SEATTLE — Amazon reported strong sales for its fiscal quarter and said its Prime Day sale last month was the biggest shopping event in the company’s history, topping its combined sales for last year’s Black Friday and Cyber Monday. At the same time, the company faces the threat of increased regulatory scrutiny. The Department of

A test for antitrust enforcement

A test for antitrust enforcement

The nation’s top consumer-facing technology companies, including e-commerce powerhouse Amazon, will encounter increased scrutiny from the federal government. The Department of Justice late last month announced that it is looking into the business practices of “market-leading online platforms,” an elite group led by Facebook, Google and Apple, as well as Amazon. Overseen by the department’s

Amazon reports strong sales growth in Q2

Amazon reports strong sales growth in Q2

SEATTLE, Wash. — Amazon reported net sales of $63.4 billion in the second quarter, beating analysts’ expectations. That is an increase of about 20% over sales in the prior year period, and when the $814 million unfavorable impact of foreign exchange rates is excluded from the calculation, the increase in net sales was 21%. Net

Pickup for Amazon is at Rite Aid

SEATTLE — Amazon rolled out its Counter package pickup service in the United States last month at more than 100 Rite Aid Corp. locations. The new network of staffed pickup points gives customers the option to pick up their Amazon packages in-store at a partner location. Delivery to a Counter location is available for the

Amazon extends its horizons

Amazon extends its horizons

Amazon, synonymous with innovation in retailing and technology, consistently tests boundaries as a result of its self-described customer obsession and commitment to long-term thinking. The company’s catalytic role in e-commerce is a given, but in recent years it has also extended its reach in the realm of brick-and-mortar retailing. Through the acquisition of Whole Foods

Walmart strikes back

BENTONVILLE, Ark. — Wal­mart has introduced free next-day deliveries to shoppers in Phoenix, Las Vegas and Southern California, and the retailer said the service would reach approximately 75% of the U.S. population this year, including 40 of the nation’s 50 largest metropolitan areas. Walmart’s May 14 announcement came three weeks after Amazon said it intends

Prices reduced at Whole Foods

AUSTIN, Texas — Amazon this month lowered prices on hundreds of items at Whole Foods Market stores across the United States and introduced even more benefits for Prime members. Prices were reduced by an average of 20%, with an emphasis on cutting costs on meat, produce and prepared sandwiches and wraps. The price cuts affect

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