Spencer Soper

Business, Technology

Cyber Monday Misses Estimates on Short Supply, Weak Deals

Cyber Monday Misses Estimates on Short Supply, Weak Deals Bins move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, N.J. (Michael Nagle/Bloomberg)

Final sales for Cyber Monday fell short of estimates and didn’t surpass last year’s record as lackluster sales and scarce inventory kept shoppers from breaking out their credit cards during the start of the holiday shopping season.

Spencer Soper | Bloomberg News
November 30, 2021
Business

Amazon Staten Island Warehouse Workers Lead Push to Unionize

Amazon Staten Island Warehouse Workers Lead Push to Unionize People holding signs during the campaign in Bessemer. (Elijah Nouvelage/Bloomberg)

More than 2,000 workers at four Amazon.com Inc. facilities in Staten Island have signed a petition asking federal labor officials to greenlight an election to form a new union, according to organizers, the latest spasm of labor strife between the e-commerce giant and its employees.

Spencer Soper | Bloomberg News
October 21, 2021
Business, Technology, Logistics, Top 100

Amazon to Pass Walmart in Retail Sales in 2025, Report Says

Amazon delivery van An Amazon Prime delivery van sits parked on a street in Seattle. (Jimmy Anderson/Getty Images)

Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.

Spencer Soper | Bloomberg News
April 27, 2021
Business, Logistics

Amazon Merchants Say Deliveries of Some Products Are Delayed

Amazon boxes sit stacked at a USPS facility in Fairfax, Va., on May 19. (Andrew Harrer/Bloomberg) Amazon boxes sit stacked at a USPS facility in Fairfax, Va., on May 19. (Andrew Harrer/Bloomberg News)

Amazon .com Inc. merchants around the U.S. say some products that normally reach customers in one or two days are now taking a week or longer just as the world’s largest online retailer heads into what’s expected to be a record-busting holiday shopping season.

Spencer Soper | Bloomberg News
November 25, 2020
Business, Logistics

Amazon Plans to Put 1,000 Warehouses in Suburban Neighborhoods

Packed boxes move along a conveyor belt at an Amazon fulfillment center in Tilbury, U.K. Packed boxes move along a conveyor belt at an Amazon fulfillment center in Tilbury, U.K. (Jason Alden/Bloomberg News)

The facilities, which will eventually number about 1,500, will bring products closer to customers, making shopping online about as fast as a quick run to the store.

Spencer Soper | Bloomberg News
September 16, 2020
Business, Logistics

Amazon Looks to Use More Contractors for Grocery Delivery

Amazon will experiment with a program that pays independent contractors to fetch groceries. A shopping cart filled with Amazon Prime grocery bags sits outside a Whole Foods store in Washington on March 31. (Andrew Harrer/Bloomberg News)

Amazon .com Inc. is experimenting with a new program that pays independent contractors to fetch groceries from shelves in Whole Foods stores and deliver them in their own vehicles.

Spencer Soper | Bloomberg News
September 15, 2020
Business, Technology, Logistics

Amazon Plows Through Pandemic With Record Profit

Boxes move along a conveyor belt at an Amazon fulfillment center in New Jersey. Boxes move along a conveyor belt at an Amazon fulfillment center in New Jersey. (Michael Nagle/Bloomberg News)

Amazon .com Inc. justified its big investments to keep operating through the COVID-19 pandemic with sales growth and a record profit that far exceeded analysts’ estimates, showing that staying open when so many businesses were forced to close was a rare opportunity.

Spencer Soper | Bloomberg News
July 31, 2020
Business

Elon Musk Says Time to Break Up Amazon, Fueling Jeff Bezos Feud

Tesla CEO Elon Musk Tesla CEO Elon Musk by Andrew Harrer/Bloomberg News

Tesla Inc. CEO Elon Musk said it’s “time to break up Amazon” in a tweet June 4, escalating a rivalry with Amazon.com Inc. CEO Jeff Bezos, another billionaire investing in space exploration.

Spencer Soper | Bloomberg News
June 5, 2020
Business, Logistics

Amazon Prime Air Could Surge to 200 Jets From 42, Study Says

A Prime Air cargo plane operated by Amazon sits on display in France in June 2019. A Prime Air cargo plane operated by Amazon sits on display in France in June 2019. (Jason Alden/Bloomberg News)

Amazon .com Inc.'s Prime Air fleet will grow to about 200 planes — up from 42 now — in the next seven or eight years, creating an air cargo service that could rival UPS Inc., according to a study.

Spencer Soper | Bloomberg News
May 26, 2020
Business, Safety, Logistics

Amazon Says Deliveries Returning to Normal After COVID-19 Crush

Amazon says deliveries are returning to normal after April's COVID crush. Sealed boxes move along a conveyor belt into a truck dock at an Amazon fulfillment center in Germany in July 2019. (Krisztian Bocsi/Bloomberg News)

Amazon .com Inc. says the one- and two-day delivery times that shoppers have come to expect should gradually return in coming weeks as the online retailer catches up from a demand surge tied to the coronavirus outbreak.

Spencer Soper | Bloomberg News
May 13, 2020

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