Amazon, king of online retail, can’t seem to make its physical stores work
1 month, 2 weeks ago

Amazon, king of online retail, can’t seem to make its physical stores work

Live Mint  

Amazon.com, the largest e-commerce retailer in the U.S., is stumbling in its efforts to compete in the bricks-and-mortar world. After a decadelong experiment with bricks-and-mortar stores, Amazon’s dominance online has yet to translate into a successful strategy for connecting with shoppers in the real world, retail brokers and landlords said. “Running warehouses and shipping stuff efficiently is not the same as greeting a customer and saying, ‘May I help you?’" An Amazon spokeswoman said Go store employees greet customers at the door, restock shelves and are available to answer questions. “Amazon aims to provide customers outstanding selection, value, and convenience when shopping for groceries and everyday essentials both online and in physical stores," Amazon spokeswoman Jessica Martin said. Developing and testing its Just Walk Out technology capabilities was a driving reason behind Amazon’s rollout of its Go concept, Coury said, and as the technology improved the stores were less necessary.

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History of this topic

Walmart loses crown as biggest retailer after 12 years on top
1 month ago

Walmart loses crown as biggest retailer after 12 years on top

Daily Mail  

Walmart has lost its crown as the biggest retailer after more than a decade. Walmart shares dropped 6 percent in early trading on Thursday off the back of its results, as the big-box retailer said profit growth will slow this year despite sales climbing. While Walmart is still dominant when it comes to retail, Amazon also generates revenue through other …

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter
1 month, 2 weeks ago

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter

The Hindu  

Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter. During a call with analysts on Thursday, Amazon CEO Andy Jassy said capital expenditures for the quarter came out to $26.3 billion, most of which was geared towards AI and AWS. “I …

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter
1 month, 2 weeks ago

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter

Associated Press  

Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter. During a call with analysts on Thursday, Amazon CEO Andy Jassy said capital expenditures for the quarter came out to $26.3 billion, most of which was geared towards AI and AWS. “I …

Walmart set to be dethroned by e-commerce giant for first time after 12 year reign
1 month, 2 weeks ago

Walmart set to be dethroned by e-commerce giant for first time after 12 year reign

Daily Mail  

Walmart has long been the biggest retailer in the US, since it overtook Sears in 1993. While Walmart is still dominant when it comes to retail, Amazon also generates revenue through other streams such as Prime Video and its cloud computing service. 'Given the growth trajectories of the two companies, it has always been on the cards that Amazon would …

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery
3 months, 1 week ago

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery

The Hindu  

Amazon will begin trials for quick commerce operations in India that would see the U.S. e-commerce giant deliver grocery items in 15 minutes or less, it said on Tuesday. Quick commerce is catching up in India, with companies like Zomato's Blinkit and SoftBank-backed Swiggy's Instamart promising deliveries of goods from groceries to electronics as quickly as 10 minutes, challenging e-commerce …

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

As Americans bargain shop, six-figure earners flock to Walmart
4 months ago

As Americans bargain shop, six-figure earners flock to Walmart

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, and its profit grew 8.2% last quarter. Walmart said it gained market share last quarter, driven “primarily from upper-income households.” Households making more than $100,000 a year accounted …

Amazon-backed More Retail plans expansion of supermarkets in India
4 months, 1 week ago

Amazon-backed More Retail plans expansion of supermarkets in India

Live Mint  

Private equity firm Samara Capital- and Amazon.com Inc.-backed supermarket retailer More Retail Pvt. Ltd will step up expansion of small format daily needs stores and continue to use its existing network of stores to fulfill online retailer Amazon’s Fresh delivery business. “The acquisition by Amazon was made with this in mind—we’ll build a hybrid model, we'll scale it across India, …

Amazon launches an online discount storefront to better compete with Shein and Temu
4 months, 1 week ago

Amazon launches an online discount storefront to better compete with Shein and Temu

Associated Press  

Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20, an effort to compete with discount retailers that have increasingly encroached on the e-commerce giant’s turf. In a blog post on Wednesday, the company said the new Amazon Haul storefront will mostly feature products that cost less than $10 and offer free delivery …

How online shopping is saving the bricks-and-mortar store
10 months, 2 weeks ago

How online shopping is saving the bricks-and-mortar store

Live Mint  

Store owners once viewed e-commerce as a mounting threat to their survival. Kohl’s now fulfills more than a third of its online orders in stores, Walmart more than half, and Target nearly all its sales from its network of roughly 2,000 locations, according to the companies. The pandemic sped up the integration of online and in-store shopping, as mandated closures …

Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others
11 months ago

Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others

Associated Press  

NEW YORK — Amazon wants the public and - especially other businesses - to know it’s not giving up on its Just Walk Out technology. Although the company is ditching the cashier-less checkout system at its Amazon Fresh grocery stores, it plans to sell the technology to more than 120 third-party businesses by the end of the year. The change …

Amazon is removing Just Walk Out technology from its Fresh grocery stores in the US
11 months, 2 weeks ago

Amazon is removing Just Walk Out technology from its Fresh grocery stores in the US

Associated Press  

NEW YORK — Amazon is removing Just Walk Out technology from its Amazon Fresh stores as part of an effort to revamp the grocery chain. Amazon says it will now be replaced by smart carts that allow customers to skip the checkout line but While redesigning Fresh stores in the past year, Amazon spokesperson Carly Golden said the company heard …

Amazon Fresh: How the supermarket of the future became the creepiest shop on the high street
1 year, 1 month ago

Amazon Fresh: How the supermarket of the future became the creepiest shop on the high street

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

New center to extend reach of Chinese firms
1 year, 3 months 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 …

Second-hand shopping is growing
1 year, 3 months ago

Second-hand shopping is growing

Live Mint  

Consumer demand for refurbished and pre-owned goods in Britain and across Europe has created a billion pound business for Amazon, its UK boss said. John Boumphrey, Amazon's UK country manager, told reporters that in the UK alone the online retail giant last year sold more than 4 million used or refurbished products at a discount. "Customers are telling us that …

Amazon closing two clothing stores in another failed bid into physical retail
1 year, 4 months ago

Amazon closing two clothing stores in another failed bid into physical retail

Associated Press  

Amazon is saying goodbye to its clothing stores. The company said Thursday that it will close both of its “Amazon Style” stores located in Los Angeles and Columbus, Ohio, making it the latest brick-and-mortar business abandoned by Amazon. Last year, Amazon closed all of its brick-and-mortar bookstores, as well as its 4-star shops and pop up locations and said the …

Amazon posts strong revenue and profits, says it’s in ‘best position’ it’s ever been before holidays
1 year, 4 months 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 …

Retail sales rose solidly last month in a sign that consumers are still spending freely
1 year, 7 months ago

Retail sales rose solidly last month in a sign that consumers are still spending freely

Associated Press  

NEW YORK — Americans increased their purchases at retailers last month – for clothing, dining out, online goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy. Analysts noted that spending on Amazon Prime Day, the online juggernaut’s big two-day sales event that took place earlier last month, also helped boost …

Consumers keep spending freely, powering a resilient economy
1 year, 7 months ago

Consumers keep spending freely, powering a resilient economy

LA Times  

Items are displayed in a boutique along Tennyson Street in Denver. Americans increased their purchases at retailers last month — for clothing, dining out, online goods and other items — in a sign that solid consumer spending is still powering a resilient U.S. economy. Analysts noted that spending on Amazon Prime Day, the online juggernaut’s big two-day sales event that …

Amazon shares surge 8% as e-commerce and cloud-computing thrive
1 year, 7 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 …

Amazon may have met its match in the grocery aisles
1 year, 7 months ago

Amazon may have met its match in the grocery aisles

NPR  

Amazon may have met its match in the grocery aisles Enlarge this image toggle caption Nam Y. Huh/AP Nam Y. Huh/AP On a recent Friday afternoon, Amy Luu used her Prime account to scan into an Amazon Fresh grocery store in Washington, D.C. She walked through an automated gate, grabbed one avocado and left — without checking out at a …

Amazon cuts jobs in its Fresh Grocery stores as it aims to rein in costs
1 year, 7 months ago

Amazon cuts jobs in its Fresh Grocery stores as it aims to rein in costs

Associated Press  

NEW YORK — Amazon is cutting jobs in its Fresh Grocery stores as part of a restructuring plan in the U.S. “Like any retailer, we periodically assess our stores’ organizational needs and make decisions to increase efficiencies for our employees and deliver customer value,” Amazon spokesperson Jessica Martin said in a prepared statement. Amazon operates 44 Fresh grocery stores across …

Amazon to surpass Walmart as beauty market leader, says Morgan Stanley
1 year, 9 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 …

If Kroger and Albertsons merge, communities will lose their grocery stores. Could Amazon save them?
1 year, 10 months ago

If Kroger and Albertsons merge, communities will lose their grocery stores. Could Amazon save them?

Salon  

It's no secret that Amazon has wanted to get into the grocery game in a more serious way for quite some time. Ten years later, in a $13.4 billion deal, Amazon went on to acquire Whole Foods in a move that The New York Times categorized as "represent a major escalation in the company's long-running battle with Walmart, the largest …

Amazon unveils supply-chain, cloud services drawing on its retail arm
2 years, 3 months ago

Amazon unveils supply-chain, cloud services drawing on its retail arm

Live Mint  

Amazon.com Inc on Tuesday announced software drawing on its retail expertise in an effort to boost sales to businesses and remain the largest cloud-computing provider ahead of Microsoft Corp and Alphabet Inc's Google. Taking lessons learned over years of delivering online orders to shoppers' doorsteps, Amazon's cloud division unveiled a service called AWS Supply Chain to alert businesses when inventories …

Amazon begins mass layoffs among its corporate workforce
2 years, 4 months ago

Amazon begins mass layoffs among its corporate workforce

Associated Press  

NEW YORK — Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment. Faced with high costs, the company announced earlier this month it would pause hiring among its corporate workforce, adding to the freeze it put a few weeks earlier on its retail …

Amazon warns costs may eviscerate profits, shares crash
2 years, 4 months ago

Amazon warns costs may eviscerate profits, shares crash

Al Jazeera  

Amazon’s efforts to boost revenues may not pay off as inflation and receding consumer demand bite into profits. Amazon.com Inc has warned that costs might eviscerate its profit for the current quarter, as early holiday marketing does little to boost sales growth while labour and delivery expenses continue to swell. Amazon’s net sales were $127.1bn in the third quarter that …

Amazon posts 2Q loss but revenue tops estimates, stock jumps
2 years, 7 months ago

Amazon posts 2Q loss but revenue tops estimates, stock jumps

Associated Press  

NEW YORK — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. It posted a loss of $3.84 billion in this year’s first quarter, its first quarterly loss since 2015, which was also marked by a large Rivian write-down. Some analysts estimate the company generated roughly $4.6 billion in …

Concrete Steps: Why Digital Businesses Are Opening Brick-And-Mortar Shops after Pandemic
2 years, 8 months ago

Concrete Steps: Why Digital Businesses Are Opening Brick-And-Mortar Shops after Pandemic

News 18  

The Covid-19 pandemic had necessitated an online presence for most retailers. However, our local patrons have benefited from the new store.” A study by the International Council of Shopping Centers found that opening a brick-and-mortar store brings traffic to the retailer’s website. Susmitha Lakkakula, founder of CloudTailor, a direct-to-consumer platform that provides tailoring solutions to women, found that many women …

Amazon is reducing its private-label items
2 years, 8 months ago

Amazon is reducing its private-label items

The Hindu  

Amazon.com Inc has started reducing the number of items it sells under its own brands amid weak sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company's leadership has also instructed its private-label team over the past six months to cut the list of items and not to reorder many of them, while also …

Amazon Prime Day comes amid slowdown in online sales growth
2 years, 8 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 results and outlook fall short as warehouse, fuel costs soar
2 years, 10 months ago

Amazon results and outlook fall short as warehouse, fuel costs soar

The Hindu  

Amazon.com Inc delivered a disappointing quarter and outlook on Thursday as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers. Still, there were bright spots, like Amazon Web Services, the division that new CEO Andy Jassy ran before taking the company's top job last year. Inflation hits Amazon Net sales were $116.4 …

Amazon shuttering its physical bookstores and 4-star shops
3 years 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 …

Online resale brands are
3 years, 4 months ago

Online resale brands are

Live Mint  

As brand name retailers nationwide struggle to fill shelves, a crop of online platforms that trade in secondhand wares are poised to profit handsomely from the global supply chain crunch. “Many retailers are struggling with supply chain disruptions, presenting consumers with thin inventory and higher prices,” said Anthony Marino, president of online high-end thrift store ThredUp Inc. By contrast, “100% …

Amazon furthers physical retail expansion with first UK general store
3 years, 5 months ago

Amazon furthers physical retail expansion with first UK general store

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Amazon is to open its …

Amazon to overtake Walmart as America’s biggest retailer in 2022
3 years, 9 months ago

Amazon to overtake Walmart as America’s biggest retailer in 2022

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy E-commerce giant Amazon is …

Amazon’s profit more than triples as pandemic boom continues
3 years, 10 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, 10 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 grocery chain is growing. It isn’t Whole Foods
4 years ago

Amazon’s grocery chain is growing. It isn’t Whole Foods

CNN  

New York CNN Business — Four years after Amazon bought Whole Foods, the e-commerce giant is making another major push to sell shoppers groceries. Amazon is building Fresh stores to chase a different clientele than Whole Foods’ well-defined customer base, analysts say. Paul Bersebach/MediaNews Group/Orange County Register/Getty Images Whole Foods “doesn’t really talk to the middle of the market,” said …

Opinion | BigBasket sale proves there’s limited space for startups in Indian e-commerce
4 years ago

Opinion | BigBasket sale proves there’s limited space for startups in Indian e-commerce

Live Mint  

With Tata Digital filing an application with the Competition Commission of India to clear its proposed acquisition of a 64% stake in the 10-year-old startup, BigBasket, the contours of India’s online retail are now clearly delineated. While there are a few remaining ventures at the fringes of the rapidly growing e-commerce business, it is now a battleground featuring large Indian …

Amazon Fresh: Shoppers give verdict on futuristic till-free supermarket
4 years ago

Amazon Fresh: Shoppers give verdict on futuristic till-free supermarket

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Shoppers inside new Amazon Fresh store in Ealing The company has said its “just …

Amazon Documents Reveal Company's Secret Strategy to Dodge India's Regulators
4 years, 1 month ago

Amazon Documents Reveal Company's Secret Strategy to Dodge India's Regulators

News 18  

It was early 2019, and senior Amazon.com executive Jay Carney was preparing for an important meeting. That information, the note advised, was “Sensitive/not for disclosure.” Other company documents reveal equally touchy information: Two more sellers on the e-commerce giant’s India platform – merchants in which Amazon had indirect equity stakes – accounted for around 35 percent of the platform’s sales …

Documents Reveal Amazon's Secret Strategy to Dodge Indian Regulators after Govt Eased FDI Norms
4 years, 1 month ago

Documents Reveal Amazon's Secret Strategy to Dodge Indian Regulators after Govt Eased FDI Norms

News 18  

It was early 2019, and senior Amazon.com Inc executive Jay Carney was preparing for an important meeting. That information, the note advised, was “Sensitive/not for disclosure.” Other company documents reveal equally touchy information: Two more sellers on the e-commerce giant’s India platform – merchants in which Amazon had indirect equity stakes – accounted for around 35% of the platform’s sales …

Amazon’s Retail Side Won’t Be a Side Hustle
4 years, 1 month 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 …

Billion-dollar baby: Amazon daily sales surpass new milestone
4 years, 1 month ago

Billion-dollar baby: Amazon daily sales surpass new milestone

Al Jazeera  

Amazon.com Inc. breached the $1 billion-a-day revenue mark in 2020, in another example of how the company’s massive growth and market dominance has made its stock a near-unanimous favorite on Wall Street. “The growth Amazon is seeing is just amazing, and it reflects a structural shift toward e-commerce that isn’t stopping or slowing,” said David Wagner, a portfolio manager at …

Retail’s online future grows brighter after pandemic bump
4 years, 2 months ago

Retail’s online future grows brighter after pandemic bump

Associated Press  

Online shopping has been a lifeline for many as the virus pandemic shuttered stores and kept people at home. Traditional brick-and-mortar chains have gotten the message, ramping up their online sales as more and more people shop remotely rather than in stores. Walmart CEO C. Douglas McMillon said recently that upward trends for online sales accelerated by “two to three …

US retailers witness Cyber Monday as biggest online shopping dayin history cv19
4 years, 3 months ago

US retailers witness Cyber Monday as biggest online shopping dayin history cv19

Hindustan Times  

Cyber Monday is on track to bring in a record of as much as $12.7 billion in online sales, according to latest industry estimates, surpassing Black Friday’s digital numbers as US retailers reached the last leg of an extended holiday selling season caused by the Covid-19 pandemic. Cyber Monday turns out to be biggest online shopping day in US history …

Amazon launches online pharmacy in new contest with drug retail
4 years, 4 months ago

Amazon launches online pharmacy in new contest with drug retail

Live Mint  

Amazon.com Inc on Tuesday launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens, CVS and Walmart. Called Amazon Pharmacy, the new store lets customers price-compare as they buy drugs on the company's website or app. The move builds on the web retailer's 2018 acquisition of PillPack, which Amazon said …

Add to cart: Amazon.com reports record profits amid pandemic
4 years, 4 months 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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