Amazon.com

Report: Amazon Plans to Open 6 More Amazon Go Storefronts This Year
February 22, 2018 at 1:02 pm

Amazon.com is reportedly planning to open as many as six more Amazon Go storefronts this year, according to a report in Recode. People familiar with the company’s plans reportedly told Recode some of the new high-tech stores are likely to open in Amazon’s hometown of Seattle, where the first location is, as well as Los Angeles.…

Amazon's Latest Prime Perk: 5% Cash Back at Whole Foods
February 21, 2018 at 12:43 pm

This week, Amazon.com announced a 5 percent cash-back reward program for Whole Foods shoppers who use the Amazon Prime Rewards Visa card when making their purchases. CNBC reports cardholders who aren't members of Amazon's $99 yearly subscription service will get 3 percent cash back on their Whole Foods purchases. "We're excited to launch the Amazon…

How Brick-and-Mortar Retailers Can Better Compete With Amazon
February 21, 2018 at 11:04 am

It happened again. Just like in recent years past, no company put pressure on its competitors in 2017 quite like Amazon.com. The retail giant accounted for nearly half of last year's online sales, and with movement into spaces like grocery and healthcare, few industries have been spared from Amazon’s strength and ever-evolving business model. For…

Walmart Rolls Out New Apparel Brands for Women, Kids and Plus Sizes
February 19, 2018 at 12:53 pm

Walmart is introducing new low-cost apparel brands for women, kids and plus-size customers — and phasing out older brands — in an effort to lure shoppers away from Amazon.com, which is steadily increasing its apparel sales, according to a Bloomberg report. The store brands include Time and Tru in ladieswear, which will replace the jettisoned DanskinNow label,…

Amazon is Cutting Hundreds of Corporate Jobs
February 13, 2018 at 1:19 pm

In a rare move for the online retail giant, Amazon.com is laying off hundreds of corporate workers in its Seattle headquarters and elsewhere, according to a Seattle Times report. The corporate cuts come after an eight-year hiring spree, taking the company from 5,000 employees in 2010 to 40,000 employees in its Seattle headquarters, and gobbling up…

Amazon Launching Delivery Service to Rival UPS, FedEx
February 12, 2018 at 12:54 pm

Amazon.com is preparing to launch a delivery service for businesses, positioning it to compete directly with UPS and FedEx, according to a Feb. 9 Reuters report. Dubbed "Shipping with Amazon," or SWA, the new service will enable the online retail giant to pick up packages from businesses and ship them to consumers. Amazon will roll out…

Staples Replacing CEO Shira Goodman With Former Coca-Cola Exec
January 29, 2018 at 11:57 am

Staples announced Friday that it's replacing Shira Goodman, its current chief executive officer, with J. Alexander (Sandy) Douglas, who most recently was president of Coca-Cola North America. The move takes place less than a year after private equity firm Sycamore Partners acquired control of the office products retailer. At Coca-Cola, Douglas led the $10 billion revenue business,…

Amazon Opens Automated Grocery Store, Amazon Go, to the Public
January 22, 2018 at 11:14 am

Amazon.com on Monday will open Amazon Go, its automated grocery store in Seattle, to the public. The store replaces cashiers with a checkout-free shopping experience made with with what Amazon calls "Just Walk Out" technology that uses computer vision, deep learning algorithms and sensor fusion — many of the same advances being used to develop autonomous…

Amazon Raises Monthly Prime Membership Price by 18%
January 19, 2018 at 12:54 pm

Amazon.com said today that it's raising its monthly Prime membership rates. The premium membership that grants faster shipping and access to Amazon Video will now cost $12.99 per month, up from $10.99, an 18 percent increase. Amazon is also increasing the discounted student monthly rate from $5.49 to $6.49 per month for new sign-ups.The cost…

Amazon Narrows Candidates for HQ2 to 20
January 18, 2018 at 1:56 pm

Amazon.com has released a "short" list of cities it's considering for its second headquarters. The 20 potential cities include Atlanta; Austin; Boston; Chicago; Columbus, Ohio; Dallas; Denver; Indianapolis; Los Angeles; Miami; Montgomery County in Maryland; Nashville; Newark; New York City; Northern Virginia; Philadelphia; Pittsburgh; Raleigh; Toronto; and Washington D.C. Last year, Amazon received bids from 238…