NEW YORK — According to published reports, Amazon reported on Thursday that it was canceling plans to build a corporate campus in New York City. The company had planned to build a huge complex in Long Island City, Queens, in exchange for nearly $3 billion in state and city incentives. But the deal had run
SEATTLE — Amazon.com Inc. reported strong sales and net earnings gains for the fourth quarter, beating analysts’ estimates. But the company’s forecast for first quarter sales growth fell short of analysts’ projections, and shares fell in early morning trading on Friday. Net sales increased 20% to $72.4 billion in the fourth quarter ended December 31. Net
BOSTON — Edge by Ascential, a leading provider of highly accurate and actionable ecommerce data, insights and advisory solutions for global brands and retailers, has published their 11 top predictions for Amazon’s next moves in 2019 and beyond. Edge by Ascential’s Danny Silverman, Chris Perry and Pete Andrews, highly sought-after ecommerce experts who have helped hundreds of
SEATTLE — Amazon today announced that it has selected New York City and Arlington, Virginia, as the locations for the company’s new headquarters. Amazon will invest $5 billion and create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington. The new locations
SEATTLE — Arcadia Group announced today the launch of an Amazon exclusive brand of consumer-use medical devices for diabetes and hypertension management. The new Choice brand will start with a range of blood glucose monitors and blood pressure monitors both with supporting mobile apps which offer measurement tracking, data mobility and reminders. It is estimated that
SEATTLE — Amazon reported a profit of $2.9 billion — $5.75 per share — in its third quarter, up from $256 million a year earlier, as revenue rose 29% to $56.6 billion. Analysts expected Amazon to post earnings of $3.12 per share on $57.1 billion in revenue. It was the second consecutive quarter of record profitability for
SALT LAKE CITY — Private brand expansion has been a major priority for Amazon with several new labels being introduced every year. According to a new report by eCommerce analytics provider One Click Retail, Amazon is now slowing their private brand expansion in favor of introducing a number of Amazon-exclusive brands. Unlike Amazon-owned private labels, these brands
ROCKVILLE, Md. — Among many of today’s consumers, retailer loyalty extends only as far as conveniently and cost-effectively getting the best price on the product they want. The retailer that meets that need wins the sale. Based on this logic, it’s no wonder Walmart continues to essentially go toe-to-toe with retail juggernaut Amazon. Analysis featured in
SEATTLE — Amazon continues to expand grocery delivery from its Whole Foods Market stores, a service now available in 48 cities across the United States. The retailer this week introduced grocery delivery in Milwaukee; Omaha; Detroit; Madison, Wis.; St. Louis; Ann Arbor, Mich.; Tulsa, Okla.; and three Florida cities — Tampa, Orlando and Jacksonville —
Last month investment firm Piper Jaffray projected Amazon will more than triple its advertising business to some $16 billion by 2021, largely based on the retail giant’s position as “the world’s largest product search engine.” While Google may take exception to that particular designation, it is undeniable that Amazon has rapidly become a major advertising
SEATTLE — Amazon is considering opening as many as 3,000 of its cashier-less Amazon Go convenience stores by 2021, unnamed sources familiar with the plan told Bloomberg News. Ten Go stores would be up and running by the end of 2018, 50 by the end of 2019 and up to 3,000 by 2021, according to
There’s never been a more critical time to start turning your shoppers into pharmacy customers. With the 900-pound gorilla, Amazon.com, lurking around the corner ready to pounce on the $500 billion drug industry, drug stores, mass merchants and supermarkets need a plan of action, and they need it now. Amazon has the ability with its
ROCKVILLE, Md. — Among major retailers, Walmart is far and away the retail leader by number of shoppers. In 2018, 64% of U.S. adults (about 162 million) have shopped at Walmart in the past three months, according to market research firm Packaged Facts in the new report Walmart as Omnichannel Competitor, which focuses on omnichannel (online,
NEW YORK — Amazon.com’s venture into the pharmacy market has finally been confirmed. On June 28, Amazon announced that it had entered into an agreement to buy U.S.-based online pharmacy PillPack. Amazon did not reveal details of the consideration, but CNBC reported that Amazon made an offer of $1 billion to acquire PillPack after Walmart