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Amazon

Amazon’s sales rise, profits fall in Q1

Amazon’s sales rise, profits fall in Q1

SEATTLE, Wash. — Amazon.com 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 tops Kantar, WPP ranking of retail brands

Amazon tops Kantar, WPP ranking of retail brands

LONDON — Internet giants Amazon.com and Alibaba top the this year’s BrandZ ranking of the “75 Most Valuable Global Retail Brands,” which was released Thursday by Kantar and WPP. The report, which was launched in conjuction with the World Retail Congress, found that the value of the world’s top 75 retail brands has grown 12% —

Walmart.com changes offer new routes for CPG brands

For the U.S. consumer packaged goods industry, e-commerce is a three-horse race between Walmart.com, Amazon and direct to consumer (DTC). Despite its massive audience and its potential to drive domestic sales, Walmart.com has remained a distant third for marketers looking to grow their e-commerce revenue. This is all about to change. When it comes to

Amazon prioritizes shipments, adds jobs

Amazon prioritizes shipments, adds jobs

SEATTLE — Amazon announced this week that it is prioritizing shipments of medical supplies and household staples that come into its warehouses to help it respond to massive consumer demand during the coronavirus pandemic.The online retailer reported to its suppliers that it will not accept any shipments of non-essential consumer goods until April 5. Amazon

Amazon posts strong Q4 sales gains

Amazon posts strong Q4 sales gains

SEATTLE — Amazon shares rose in after-hours trading Thursday after the company reported fourth quarter results that topped analysts’ expectations. The company reported earnings per share of $6.47 for the quarter, easily beating forecasts of $4.04 per share. Net sales increased 21% to $87.4 billion in the fourth quarter. Net income grew to $3.3 billion

New format in the works at Amazon

SEATTLE — Amazon has confirmed plans for a new grocery format under the Amazon brand that will debut next year in the Woodland Hills neighborhood of Los Angeles. The format will be distinct from the company’s Whole Foods Market chain, according to published reports. The inaugural store will be larger than its Amazon Go convenience

Amazon seeks more food sales

SEATTLE — Amazon is leveraging its large base of Prime members to seize a bigger share of the U.S. grocery market. The company this month announced plans to make free grocery delivery a benefit of Prime membership. Members in more than 20 major metro areas can get free two-hour grocery delivery after the company eliminated

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