Amazon.com
April 2, 2018 at 1:01 pm
President Donald Trump again called out Amazon.com this weekend, claiming the U.S. Postal Service (USPS) loses "a fortune" delivering packages for the online retailer. "Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed. Also, our fully tax paying retailers are closing…
March 20, 2018 at 3:02 pm
FedEx Office, a subsidiary of FedEx Corp., and Walmart said yesterday that FedEx Office will bring its small-format stores for printing, packing and shipping into 500 of Walmart's stores nationwide in the next 24 months. The announcement comes after completion of a successful pilot program spanning 47 locations within Walmart stores across six states. Besides…
March 8, 2018 at 12:57 pm
Amazon.com is offering a discount on its Prime membership to the millions of Medicaid recipients in the U.S., according to media reports, taking another step to wooing lower-income shoppers and keeping pressure on Walmart Inc. Under the offer, customers on Medicaid, the public health insurance program for low-income Americans, can get Amazon Prime for $5.99 a…
March 5, 2018 at 1:57 pm
Amazon.com is considering partnering with Wall Street's top banks in an effort to build a "checking account-like" product for customers, according to a report in Monday's Wall Street Journal. Reportedly, the online retailer is in early talks with financial institutions including J.P. Morgan and Capital One Financial Corp. to help launch the accounts, which would be…
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.…
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…
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…
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,…
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…
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…
