
Amazon.com

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 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,…
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.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 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.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.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.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…
Amazon.com is upping its virtual reality game. CNBC reports Amazon has patented a blended-reality mirror that lets you try on clothes virtually while placing you into a virtual location. The imagined mirror works by scanning the environment to generate a virtual model, and then identifies the face and eyes of the user to determine which objects…
Seventy-six percent of Americans shopping online this holiday season expect to do most of that shopping on Amazon.com, according to the results of CNBC's All-America Economic Survey for the fourth quarter, which was released this week. CNBC surveyed 800 adults from Dec. 10 - Dec. 13 to get their views on the state of the…