SEATTLE — Higher costs on everything from labor to shipping took a toll on Amazon’s profits in the third quarter, the company said on Thursday. Net earnings plunged to $3.2 billion in the third quarter, down from $6.3 billion in the third quarter of 2020. The online retail giant also gave guidance for the fourth
SEATTLE — Amazon rolled out on Monday two new solutions as part of Alexa Smart Properties that will enable senior living and health care providers to integrate Alexa into their properties and empower residents and patients to stay connected, informed and entertained, just by asking Alexa. Designed specifically for the needs of senior living communities
SEATTLE — Amazon said Monday that it was hiring people of all backgrounds and skill levels to fill 150,000 seasonal jobs across the U.S. The company said these are in addition to previously announced plans to hire over 40,000 new corporate and tech jobs and 125,000 full and part-time fulfillment and transportation jobs. “We are
SEATTLE — Amazon said Thursday that it will fund full college tuition for its front-line employees as part of a $1.2 billion investment in expanded education and skills training benefits for its U.S. employees. Along with college tuition, the company’s Career Choice program will fund high school diplomas, GEDs, and English as a Second Language
SEATTLE — Amazon said Wednesday that it is hiring to fill more than 40,000 corporate and tech roles across the country, as well as tens of thousands of hourly positions in its operations network. As part of that effort, the company said it will hold “its biggest-ever training and recruiting event,” Amazon Career Day, on
NEW YORK — In the week that big-box retailers reported that shoppers are returning to stores came news of Amazon.com Inc.’s latest brick-and-mortar experiment. Citing people familiar with the plans, The Wall Street Journal reported that Amazon intends to open retail locations that would operate much like department stores, selling apparel, personal-technology gadgets, household items and other
Amazon has spent the last few years methodically entering the retail pharmacy market. Powered by their day one attitude, over 100 million Prime households in the U.S., and a penchant for disrupting large, inefficient industries, Amazon is well positioned to disrupt and gain significant share of the U.S. pharmacy business. Doing this will further strengthen
SEATTLE — Amazon on Thursday reported net sales of $113.1 billion for the second quarter, an increase of 27% compared with the same period last year. That result fell short of analysts’ expectations, and the company’s stock fell in after-hours trading. Like many retailers, Amazon is facing tough comparisons with 2020, when the pandemic drove
SEATTLE — Amazon has agreed to purchase the entertainment company MGM in an $8.45 billion deal. Amazon said that the storied film and television studio, with nearly a century of filmmaking history, will complement its own Amazon Studios unit, which is focused on producing TV show programming. Amazon said it will help preserve MGM’s heritage
SEATTLE — Amazon launched on Thursday a new mental health benefit, Resources for Living, that provides every U.S. employee, their family, and their household with a single place to start for personalized, convenient, and confidential support for mental health and daily life assistance. These services are available 24 hours a day, seven days a week,
In this week’s Video Forum, Tom Furphy, a former Amazon executive who played a pivotal role in launching the company’s H&BA and grocery businesses, talks about recent developments at Amazon and the competitive edge it has with Subscribe & Save. Now chief executive officer of Replenium and managing director and CEO of Consumer Equity
SEATTLE— Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of executive chair, the company reported Tuesday. He will be replaced by Andy Jassy, who currently heads the company’s cloud business, Amazon Web Services. Bezos has been Amazon’s CEO since its founding in
SEATTLE — Amazon is giving shoppers more options for returning holiday purchases this year, including at physical stores, the company said Thursday. Most items shipped between October 1 and December 31 can be returned until January 31, the company said. Amazon is also allowing customers to return products — without boxes or labels — at
BOSTON — E-commerce was the top retail growth driver in the U.S. even before COVID-19. And with this year’s digital acceleration, winning in retail long term now requires that brand manufacturers win online first. And, of course, no discussion of e-commerce is complete without reference to the proverbial 800-pound gorilla in the room: Amazon. The