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
AUSTIN, Texas — Amazon this month lowered prices on hundreds of items at Whole Foods Market stores across the United States and introduced even more benefits for Prime members. Prices were reduced by an average of 20%, with an emphasis on cutting costs on meat, produce and prepared sandwiches and wraps. The price cuts affect
Amazon took a small but significant step earlier this month toward the goal of becoming as disruptive an innovator in the delivery of health care as it is in the sale of consumer products. Working together with several prominent health care organizations, which developed a series of tools for Amazon Alexa, the company has made
AUSTIN, Texas — Amazon’s Whole Foods Market chain on Monday announced a new round of price cuts on fresh produce and other items across the store. Members of Amazon prime will also get more benefits when shopping at Whole Foods, including additional exclusive weekly deals on popular items. The new prices will go into effect
NEW YORK — According to published reports, Amazon reported on Thursday that it was canceling plans to build a corporate campus in New York City. The company had planned to build a huge complex in Long Island City, Queens, in exchange for nearly $3 billion in state and city incentives. But the deal had run
CHICAGO — Trader Joe’s was again the top-rated grocer in the second annual dunnhumby Retailer Preference Index (RPI), a study that ranks the nation’s 56 largest grocery retailers by a score that takes seven factors into account: price, quality, digital, operations, convenience, discounts/rewards and speed. The retailers who focus their business on superior value perception
SEATTLE — Amazon’s search for “HQ2” is over. After 14 months of rampant speculation and frenzied media coverage, Amazon revealed that rather than the 50,000-person, $5 billion second headquarters it said it wanted when it launched its search for a second home, the company has settled on two new bases — in the Crystal City
SEATTLE — Amazon has selected New York City and Arlington, Virginia, as the locations for the company’s new headquarters. Amazon will invest $5 billion and create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington. The new locations will join Seattle as
AUSTIN, Texas — Amazon continues to expand grocery delivery from its Whole Foods stores, a service now available in 63 cities across the United States. Amazon Prime members in Albuquerque, N.M.; Birmingham, Ala.; Boise, Idaho; Charleston, S.C.; Colorado Springs, Colo.; Hartford, Conn.; Kansas City, Providence, R.I.; Salt Lake City; and Stamford, Conn. — as well
SEATTLE — Amazon posted a profit of $2.9 billion — $5.75 per share — in its third quarter, up from $256 million a year earlier, as revenue rose 29% to $56.6 billion. Analysts expected Amazon to post earnings of $3.12 per share on $57.1 billion in revenue. It was the second consecutive quarter of record profitability for
SEATTLE — Amazon continues to shake up the industry and expand while making it increasingly difficult for competitors to tread water in its wake. The online giant is considering opening up to 3,000 of its cashier-less Amazon Go convenience stores by 2021, Bloomberg News reported last month, based on sources familiar with the potential plans.
SEATTLE — Amazon continues to expand grocery delivery from its Whole Foods Market stores, a service now available in 48 cities across the United States. The retailer this week introduced grocery delivery in Milwaukee; Omaha; Detroit; Madison, Wis.; St. Louis; Ann Arbor, Mich.; Tulsa, Okla.; and three Florida cities — Tampa, Orlando and Jacksonville —