SEATTLE — Amazon said revenue grew 24% to $70 billion in its third quarter. But earnings fell short of expectations as the company spent heavily to increase delivery capacity. The company is shifting from two-day to one-day shipping as a core benefit of its Amazon Prime subscription service. Amazon said it spent $9.6 billion on
The confluence of bricks and clicks continues to grow as physical retailers buy and code their way to a stronger online presence and digital retailers buy and build their way to a stronger physical presence. E-retailers like Amazon and Alibaba may capture the majority of the headlines in the press, but the ultimate winners in
SEATTLE — Amazon reported strong sales for its fiscal quarter and said its Prime Day sale last month was the biggest shopping event in the company’s history, topping its combined sales for last year’s Black Friday and Cyber Monday. At the same time, the company faces the threat of increased regulatory scrutiny. The Department of
The nation’s top consumer-facing technology companies, including e-commerce powerhouse Amazon, will encounter increased scrutiny from the federal government. The Department of Justice late last month announced that it is looking into the business practices of “market-leading online platforms,” an elite group led by Facebook, Google and Apple, as well as Amazon. Overseen by the department’s
SEATTLE, Wash. — Amazon reported net sales of $63.4 billion in the second quarter, beating analysts’ expectations. That is an increase of about 20% over sales in the prior year period, and when the $814 million unfavorable impact of foreign exchange rates is excluded from the calculation, the increase in net sales was 21%. Net
SEATTLE — Amazon rolled out its Counter package pickup service in the United States last month at more than 100 Rite Aid Corp. locations. The new network of staffed pickup points gives customers the option to pick up their Amazon packages in-store at a partner location. Delivery to a Counter location is available for the
Amazon, synonymous with innovation in retailing and technology, consistently tests boundaries as a result of its self-described customer obsession and commitment to long-term thinking. The company’s catalytic role in e-commerce is a given, but in recent years it has also extended its reach in the realm of brick-and-mortar retailing. Through the acquisition of Whole Foods
This isn’t a new or novel recommendation — it’s been suggested for years, long before Amazon became one of the driving forces for innovation in retail. Now, however, it seems even more critical to success and winning customers and sales. For the purposes of this article, the focus will be collaboration between suppliers and retailers.
MINNEAPOLIS — Target Corp. on Monday gave its first preview of the bargains it will offer during its “Deal Days” event, which will be held on July 15 and 16. Target promises that the two-day sales event — which is being held on the same days as Amazon’s Prime Day event — will offer deals
SEATTLE — Amazon on Thursday launched its new Counter service at more than 100 Rite Aid stores. The service will roll out to 1,500 Rite Aid locations by the end of the year. “Creating a seamless, convenient customer experience is a key element of our strategy and digital transformation,” said Jocelyn Konrad, executive vice president
BENTONVILLE, Ark. — Walmart has introduced free next-day deliveries to shoppers in Phoenix, Las Vegas and Southern California, and the retailer said the service would reach approximately 75% of the U.S. population this year, including 40 of the nation’s 50 largest metropolitan areas. Walmart’s May 14 announcement came three weeks after Amazon said it intends
SEATTLE — Amazon said its profits more than doubled in the first quarter, rising to $3.6 billion and topping the previous record of $3 billion set last quarter. Amazon also announced that it plans to shift the core benefit of its Prime subscription program into free one-day shipping. That news came during an earnings call