Amazon to surpass Walmart as beauty market leader, says Morgan Stanley
1 year, 6 months ago

Amazon to surpass Walmart as beauty market leader, says Morgan Stanley

Hindustan Times  

From books to cloud computing, Amazon.com Inc. has gone on to dominate many segments over the years. Amazon is set to overtake Walmart Inc. as the biggest US beauty retailer by 2025, analysts led by Simeon Gutman wrote in a research note. While grocery retailers still hold a leading share of about 29% of the US beauty market, their portion has shrunk over time with specialist retailers like Ulta Beauty Inc. and Sephora among the biggest beneficiaries. Amazon’s gains are set to come as the company continues to grow its share in the e-commerce market, set to account for 46.5% of it by 2025, Gutman wrote in the note. Its shares, which lost nearly half their value last year as routs ravaged technology and growth stocks, have rebounded this year to rise 49% through Friday’s close.

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Walmart keeps growing with shoppers making more than $100,000 a year
1 month ago

Walmart keeps growing with shoppers making more than $100,000 a year

CNN  

New York CNN — Walmart’s business is surging. Walmart’s US sales at stores open for at least a year grew 5.3% last quarter compared with the year prior, the company said Tuesday. Walmart said it gained market share last quarter, driven “primarily from upper-income households.” Low and middle-income shoppers have traditionally formed the core of Walmart’s customer base, and they …

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value
5 months, 4 weeks ago

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value

NPR  

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value toggle caption Jenny Kane/AP NEW YORK — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that threshold. Amazon now joins Google's parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia …

New center to extend reach of Chinese firms
1 year ago

New center to extend reach of Chinese firms

China Daily  

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, Jan 5, 2023. "By integrating resources from Amazon, industry organizations, experts and scholars and third-party service providers, the center is expected to accelerate innovation among sellers for new product introductions, brand building, digital operations, green development and new business models, helping to tangibly improve innovation …

Amazon posts strong revenue and profits, says it’s in ‘best position’ it’s ever been before holidays
1 year, 1 month ago

Amazon posts strong revenue and profits, says it’s in ‘best position’ it’s ever been before holidays

Associated Press  

NEW YORK — Amazon on Thursday reported strong revenue and profits from the summer months driven by growth in online sales and its advertising business. “We’re ready to make this a great holiday season for customers,” Olsavsky said, adding Amazon’s operations network and inventory are in the “best position” its ever been heading into the holiday season. Aside from the …

Amazon sees jump in demand for premium clothing and beauty products
1 year, 2 months ago

Amazon sees jump in demand for premium clothing and beauty products

Live Mint  

New Delhi: Online marketplace Amazon is seeing a clear trend of consumers buying more expensive clothing, watches, beauty products, and pricey footwear on its platform. "There is a very clear trend on premium products across customer segments—beauty, fashion, even on mobile phones, people are trading up and that comes from more disposable income as well as a larger middle class," …

Amazon shares surge 8% as e-commerce and cloud-computing thrive
1 year, 4 months ago

Amazon shares surge 8% as e-commerce and cloud-computing thrive

Hindustan Times  

Amazon.com closed up more than 8% on Friday on signs that its growth engines, e-commerce and cloud-computing, were faring well in an uncertain economy, helping shield the broader market from Apple's 4.8% slide after gloomy iPhone sales. READ HERE: Hurt by iPhone demand slump, Apple faces longest sales drop in decades The better-than-expected performance of Amazon's cloud business in the …

Americans splurge on beauty, despite pullbacks elsewhere
2 years, 3 months ago

Americans splurge on beauty, despite pullbacks elsewhere

Associated Press  

NEW YORK — Like many Americans, Karla Maldonado has been cutting back her spending to spare her wallet from rising costs: She is eating out less and attending fewer social events to curb the impact of high gas prices. Target, Kohl’s, Macy’s and Nordstrom all highlighted strong sales of beauty items in their fiscal second-quarter earnings reports issued over the …

Amazon Prime Day comes amid slowdown in online sales growth
2 years, 5 months ago

Amazon Prime Day comes amid slowdown in online sales growth

Associated Press  

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic. Amazon doesn’t disclose Prime Day results, though research firm Insider Intelligence suggests sales could climb to about $12.5 billion in global sales — or 17% over last year -- in part because of the event’s mid-July timing, which compared to …

Amazon shuttering its physical bookstores and 4-star shops
2 years, 9 months ago

Amazon shuttering its physical bookstores and 4-star shops

Associated Press  

NEW YORK — Amazon is closing all of its brick-and-mortar bookstores, as well as its 4-star shops and pop up locations, as the online retail behemoth reworks its physical footprint. The Seattle-based company said Wednesday that the move, which affects 66 stores in the U.S. and two in the United Kingdom, will enable it to concentrate its efforts on Amazon …

Amazon’s profit more than triples as pandemic boom continues
3 years, 7 months ago

Amazon’s profit more than triples as pandemic boom continues

Associated Press  

NEW YORK — Amazon’s pandemic boom isn’t showing signs of slowing down. The company said Thursday that its first-quarter profit more than tripled from a year ago, fueled by the growth of online shopping. Seattle-based Amazon is one of four American companies that have reported quarterly revenue above $100 billion. Amazon said revenue will remain at that level in the …

Amazon profit soars more than 200% in the first quarter
3 years, 7 months ago

Amazon profit soars more than 200% in the first quarter

CNN  

New York CNN Business — Amazon’s profits more than tripled in the first quarter of 2021, as the pandemic continued to boost its online retail, cloud and advertising businesses. It’s a compelling offer.” The company’s cloud unit and biggest money maker, Amazon Web Services, posted net sales of $13.5 billion during the quarter, up 32% year-over-year. Despite a tough year-over-year …

Amazon’s Retail Side Won’t Be a Side Hustle
3 years, 10 months ago

Amazon’s Retail Side Won’t Be a Side Hustle

Live Mint  

Amazon.com’s new boss may come from the cloud. Amazon announced earlier this week that Andy Jassy, current chief executive of the company’s AWS cloud division, will be running the whole company by the third quarter of this year. Consider that Amazon’s direct retail revenue from its online and physical stores, plus its third-party selling services, exceeded $294 billion last year—more …

Add to cart: Amazon.com reports record profits amid pandemic
4 years, 1 month ago

Add to cart: Amazon.com reports record profits amid pandemic

Al Jazeera  

The online retailer has seen its business boom as the coronavirus pandemic once again drives shoppers indoors. Amazon.com Inc on Thursday reported record profits for the second quarter in a row and forecast a jump in holiday sales, as consumers continued to shop more online during the novel coronavirus pandemic. Jeff Bezos, Amazon’s chief executive and richest person in the …

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