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
BENTONVILLE, Ark. – Walmart is reportedly set to open a new front in its fight for a bigger share of the digital marketplace. Technology news website Recode is reporting that Walmart this month will introduce Walmart+, a subscription service promising same-day delivery of groceries and general merchandise, as well as perks such as discounts on
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
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% —
NEW YORK — Online retail giant Amazon had 4.06 billion unique visitors in March, according to data from Learnbonds.com. That is more than the combined visitors tallied by the next five biggest online stores. The data shows that eBay, Walmart, Rakuten, Samsung.com and Apple.com had cumulative visitors of 3.85 billion. EBay registered 1.2 billion unique
NEW YORK — Fairway Market has awarded bids for six New York stores and two new New Jersey real estate leases in an auction supervised by a U.S. bankruptcy court. Village Supermarket Inc., a member of Wakefern Food Corp., submitted the winning bid for five New York stores, including four in Manhattan and another just
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
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
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
CHICAGO – H-E-B was rated the top U.S. grocery according to the third annual dunnhumby Retailer Preference Index (RPI), a nationwide study of the $700 billion U.S. Grocery market. The San Antonio-based supermarket operator took over the top spot from Trader Joe’s, which had held it for two years, and also moved ahead of 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
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