Amazon.com
July 11, 2017 at 9:39 am
Amazon.com's third annual Prime Day sales event officially kicked off last night at 9 pm ET, and will continue for 30 hours (25 percent longer than last year). The online retailer is hopeful this will be its biggest Prime Day yet. Internet Retailer forecasts that Prime Day sales will total $2.18 billion, which would be…
July 5, 2017 at 4:23 pm
As noted in last week's issue of Total Retail Executive, Total Retail recently released its latest research report, The Amazon Effect: How Retailers Are Adapting Their Businesses to Better Compete With the Industry Leader. The report analyzes the impact Amazon's growing influence is having on the retail industry, and what retailers are doing as a result,…
June 30, 2017 at 10:17 am
President Donald Trump took to social media earlier this week to attack Amazon.com, claiming incorrectly that it owns the Washington Post in a scheme to dodge “internet taxes.” Amazon doesn’t own the newspaper; its CEO, Jeff Bezos, bought it himself. Furthermore, while there isn’t a federal “internet tax,” as Trump contends, Amazon has started to collect sales…
June 6, 2017 at 9:11 am
Amazon.com is dropping its membership price for low-income shoppers, going after a stronghold on this demographic held by Wal-Mart. The online retailer giant said Tuesday that it will offer a nearly 20 percent segment of the U.S. population — people who obtain government assistance with cards typically used for food stamps — a $5.99 monthly Prime membership, less than the…
May 30, 2017 at 9:35 am
Amazon.com’s two grocery pickup sites in Seattle have emerged out of “beta” mode, and can now be used by members of the company’s Prime loyalty program. The concept, dubbed AmazonFresh Pickup, allows shoppers to buy items online and choose a time to collect them at a drive-in Amazon facility, where the grocery bags will be…
May 17, 2017 at 5:06 pm
Earlier this month, Target revealed that it's testing a new service called Target Restock. The service, which is currently in trial with Target employees ahead of a customer-facing pilot this summer in the Minneapolis area, is designed to offer an easy way for consumers to shop online for household essentials that will arrive the day…
May 2, 2017 at 10:50 am
Amazon.com is celebrating the streaming debut of its Oscar-winning film, "Manchester-by-the-Sea," by giving a free year of Prime membership to the residents of the Massachusetts fishing town the movie is named after. This week, the e-commerce giant will ship to every Manchester household a gift box with a code to enroll in Prime for free…
April 26, 2017 at 1:28 pm
Amazon.com will add another 100,000 full-time jobs over the next 18 months, company founder and CEO Jeff Bezos proudly announced earlier this year. The new jobs are great, but a closer inspection shows Amazon may simply be adding back jobs it helped kill off. For example, Amazon played a large role in eliminating more than 50,000 jobs…
April 17, 2017 at 10:48 am
Wal-Mart’s acquisition streak under new e-commerce chief Marc Lore looks likely to continue. The world’s largest brick-and-mortar retailer is in advanced discussions to acquire Bonobos, a 10-year-old men’s fashion retailer based in New York City. Sources say the two sides have agreed on a price — which couldn’t immediately be learned — and that the deal…
April 11, 2017 at 11:59 am
Hackers are targeting the growing population of third-party sellers on Amazon.com, using stolen credentials to post fake deals and steal cash. In recent weeks, attackers have changed the bank-deposit information on Amazon accounts of active sellers to steal tens of thousands of dollars from each, according to several sellers and advisers. Attackers also have hacked into the…
