In the wake of Amazon’s entry into the prescription drug business, competition in the sector is, predictably, beginning to escalate. The company, which aspires to be one of the nation’s leading pharmacy providers, and Walmart, which is already a top-tier provider, earlier this month rolled out initiatives designed to bolster their appeal to patients. With
SEATTLE — Amazon said its annual Prime Day event will be held on June 21 and June 22 this year, allowing Prime members to start their summer with special deals on products and such services as Prime Video, Amazon Music and Prime Gaming. The online retailer is also inviting consumers who aren’t Prime Members to
SEATTLE — Amazon has agreed to acquire the entertainment company MGM in an $8.45 billion deal. Amazon said that the storied film and television studio, with nearly a century of filmmaking history, will complement its own Amazon Studios unit, which is focused on producing TV show programming. Amazon said it will help preserve MGM’s heritage
Walmart has been America’s largest retailer since 1990, when it surpassed Sears to take the top spot. Retail historians have described Sears as the Amazon of its day, since it pioneered shopping from home long before there was an internet, distributing its “Big Book” catalog by mail to millions of rural Americans with limited access
SEATTLE — Amazon on Thursday introduced a new mental health benefit for U.S. employees and their families that includes access to free counseling sessions. “Easy and affordable access to mental health care has become increasingly important as we all continue to navigate different everyday challenges,” said Beth Galetti, Amazon senior vice president of People eXperience
SEATTLE — Amazon, a leading beneficiary of the surge in online shopping during the pandemic, on Thursday reported double-digit sales and earnings gains for the first quarter. Net sales increased 44% to $108.5 billion in the three months ended March 31, compared with $75.5 billion in the comparable period in 2020. The increase was 41%
SEATTLE — Amazon said Tuesday that it is expanding a service that delivers groceries into customers’ garages to every market where its regular grocery delivery service is available. Originally launched in five cities last November, the Key by Amazon In-Garage Grocery Delivery service will now be available in more than 5,000 U.S. cities and towns.
NEW YORK — The battle for the future of the grocery business is under way as supermarket retailers invest in their digital capabilities and Amazon continues to roll out its brick-and-mortar food stores. Kroger Co. executives said during the company’s recent virtual investors conference that the company intends to double its digital business by 2023.
In this week’s Video Forum, Tom Furphy, a former Amazon executive who played a pivotal role in launching the company’s H&BA and grocery businesses, talks about recent developments at Amazon and the competitive edge it has with Subscribe & Save. Now chief executive officer of Replenium and managing director and CEO of Consumer Equity Partners,
SEATTLE — Most retailers probably didn’t know much about Andy Jassy before last month. As chief executive officer of its web services division, Jassy was already running Amazon’s most profitable business. But now he steps fully into the spotlight, having been named to succeed Jeff Bezos as Amazon’s CEO. The move will mark the end
When Andy Jassy succeeds Jeff Bezos as chief executive officer of Amazon in the third quarter of 2021, the transition will mark the end of an era at a company that has made it a habit to reexamine customer needs, challenge long-held assumptions and upend established ways of doing business. Amazon’s ability to act as
SEATTLE — Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of executive chair, the company reported Tuesday. He will be replaced by Andy Jassy, who currently heads the company’s cloud business, Amazon Web Services. Bezos has been Amazon’s CEO since its founding