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
SEATTLE — Amazon has agreed to buy the Boston-based online pharmacy PillPack. Terms of the deal were not disclosed. Shares of CVS Health Corp. and Walgreens Boots Alliance were trading lower Thursday morning following the announcement of the deal, which marks a big move by Amazon into the pharmacy business. PillPack is already licensed to
SEATTLE — Amazon has further extended its Prime member savings for Whole Foods Market customers. The savings were most recently offered to shoppers in 10 states from Hawaii to North Carolina. Prime members receive an additional 10% off sale items, typically hundreds of products throughout the store, plus exclusive weekly deep discounts on selected popular
CINCINNATI — Answering Amazon.com’s encroachment on the retail food business, Kroger Co. has inked a deal with online British supermarket Ocado to accelerate the American grocer’s e-commerce offering. The alliance will mark the U.S. debut of the technology underpinnings of the Ocado Smart Platform, which includes online ordering, automated fulfillment and home delivery capabilities. As
BOSTON — According to a new study by global e-commerce analytics firm Profitero, Walmart’s online grocery prices are edging closer to Amazon’s, with only a slim gap separating prices between the two retailers. In the report, “Price Wars: Grocery, Household and Beauty,” Profitero analyzed pricing for 21,000 products in grocery, beauty and household supplies, and
ANN ARBOR, Mich. — Amazon and Publix Super Markets Inc. lead the pack in customer satisfaction, according to the latest report from the American Customer Satisfaction Index (ACSI). The “ACSI Retail Report 2017” shows that the retail sector as a whole remains steady, with an ACSI score of 78.1, down slightly from an all-time high
SEATTLE — Amazon and Whole Foods Market jointly announced the introduction of free, two-hour delivery of natural and organic products from Whole Foods through Prime Now, with plans to expand across the U.S. in 2018. Now, Prime customers in neighborhoods of Austin, Texas; Cincinnati; Dallas; and Virginia Beach, Va., can shop through Prime Now for
SEATTLE — Amazon.com Inc on Thursday reported a profit of nearly $2 billion for the fourth quarter ended December 31. The $1.9 billion in net income was the largest quarterly profit in the company’s history, and compares to a net income of $749 million, or $1.54 per diluted share, in the fourth quarter of 2016.
NEW YORK — Three of the largest U.S. companies — Berkshire Hathaway, Amazon and JPMorgan Chase & Co. — have joined together to take employee health care into their own hands. Berkshire Hathaway, Amazon and JPMorgan Chase said Tuesday that they plan to form an independent health care company to provide their employees accessible, affordable and quality care.
Editor’s Note: In this article, the third in a series on all things digital retail, the authors examine how advanced analytics and machine learning are creating new possibilities for customer-centricity. Our first article outlined the evolving competitive and consumer landscape driven by Walmart and Amazon. Our second article discussed how food, drug and mass (FDM)