Much has been made of shoppers’ changing behavior during the holiday selling season. Driven by fallout from the COVID-19 pandemic, the shift away from brick-and-mortar stores toward e-commerce has accelerated significantly. Adobe Analytics reports that online sales set records on Thanksgiving, Black Friday and Cyber Monday, rising some 22% on the first two days and
It’s finally happened: Amazon has announced its intention of entering the pharmacy business. With that announcement, the potential disruption of the retail pharmacy business in America has become, in an instant, a very real possibility. Given Amazon’s well-documented ability to upset the settled order of things, coupled with the online retailer’s proven success rate in
WASHINGTON — Amazon will work with the U.S. government’s National Intellectual Property Rights Coordination Center (IPR Center) on an effort to prevent counterfeit goods from entering the U.S. and help protect American consumers, the company said on Tuesday. U.S. Customs and Border Protection (CBP) and DHL are also supporting the operation. “The IPR Center plays
SEATTLE — Amazon is rolling out two new pharmacy offerings to help customers conveniently purchase their prescription medications. Amazon Pharmacy, a new store on Amazon, allows customers to complete an entire pharmacy transaction on their desktop or mobile device through the Amazon App. The company is also offering special savings to Prime members. Using a
GRAND RAPIDS, Mich. – SpartanNash Co. has agreed to sell a stake in the company to Amazon.com Inc. The acquisition of as many as 5.4 million shares of outstanding stock would represent a 15% share of the grocery distributor and would give the digital retail behemoth another foothold in the burgeoning food retail business. SpartanNash
BOISE, Idaho — Albertsons Cos. has named Omer Gajial as its new senior vice president of pharmacy and health, according the the retailer’s LinkedIn page. He previously held positions at Amazon and PepsiCo. Gajial replaces Mark Panzer, who left his role as senior vice president of pharmacy, health and wellness in August. A former chairman
SEATTLE — Amazon has introduced Climate Pledge Friendly, an initiative designed to make it easier for customers to discover and shop for more sustainable products. With this new program, customers will now see the Climate Pledge Friendly label when searching for more than 25,000 products to signify that the products have one or more of
Once upon a time Walmart was the world’s largest retailer because of sales at its thousands of brick-and-mortar stores, and Amazon was a completely different kind of company specializing in something called e-commerce. Recent moves by both companies make it clear just how long ago that was, and emphasize the extent that the two leviathans
MENOMONEE FALLS, Wis. – Kohl’s is deepening its two-year-old relationship with Amazon to drive traffic to its stores. The family-oriented department store operator is leasing vacated space in one of its locations for an Amazon grocery store, according to the Milwaukee Business Journal, which reports that Amazon will occupy roughly 40% of an 88,000-square-foot Kohl’s
WOODLAND HILLS, Calif. — Amazon opened a new grocery store concept on Thursday, expanding beyond its Whole Foods chain as it seeks to become a major food retailer. “Today we’re announcing the Amazon Fresh grocery store—a new grocery store designed from the ground up to offer a seamless grocery shopping experience, whether customers are shopping
SEATTLE — Jeff Wilke, chief executive of Amazon’s worldwide consumer business, plans to retire from the company in early 2021. He will be succeeded by Dave Clark, who has served as senior vice president of worldwide operations at Amazon. The move was announced Friday morning in an email by Amazon founder and chief executive Jeff
SEATTLE – Amazon on Thursday reported a profit of $5.2 billion in the second quarter as net sales soared 40% year on year to $88.9 billion. Amazon’s stellar results were announced on the same day the government reported that the U.S. economy, as measured by gross domestic product, fell 9.5% in the second quarter, as