Spencer Soper

Business, Logistics, Private

Amazon Reports Strong Sales That Ease Fears of Slowdown

Amazon packages on a New York City sidewalk Amazon packages on a sidewalk in New York City. (Jeenah Moon/Bloomberg News)

Amazon .com Inc. reported revenue that topped estimates and gave a strong sales forecast for the current quarter, allaying investor concerns about potential belt-tightening by inflation-rattled consumers. Shares jumped more than 10% in extended trading.

Spencer Soper | Bloomberg News
July 28, 2022
Logistics

Amazon Prime Day Pushed Web Sales Up 8.5% to $11.9 Billion

Amazon A worker delivers packages on Amazon Prime Day. (Michael Nagle/Bloomberg News)

Online spending in the U.S. rose 8.5% to $11.9 billion during Amazon.com Inc.’s two-day Prime Day promotion, according to Adobe Inc., helping boost traffic on competing sites such as Walmart.com and Target.com that held their own sales.

Spencer Soper | Bloomberg News
July 14, 2022
Business, Technology, Logistics

Exiting Amazon Executive Dave Clark Joins Flexport

Dave Clark Ryan Petersen Clark (inset) and Petersen, shown at the company's office in San Francisco, will be co-CEOs for six months starting Sept. 1. (Petersen photo by David Paul Morris/Bloomberg News)

Dave Clark, who spent two decades climbing the ranks at Amazon.com Inc. to become its consumer chief, is joining logistics software startup Flexport Inc.

Spencer Soper | Bloomberg News
June 8, 2022
Business, Technology, Logistics, Private

Amazon Targets Shopify With New ‘Buy With Prime’ Service

Amazon Jim Young/Bloomberg News

Amazon.com Inc. said it will let merchants sell products they list with the e-commerce giant directly from their own websites, as part of a move to blunt the momentum of fast-growing competitor Shopify Inc.

Spencer Soper | Bloomberg News
April 21, 2022
Business, Technology, Fuel

Amazon Adds 5% Fuel, Inflation Surcharge for Sellers

Amazon Adds 5% Fuel, Inflation Surcharge for Sellers Amazon.com Inc. signage is displayed in front of a warehouse in the Staten Island borough of New York. (Michael Nagle/Bloomberg)

Amazon.com Inc. will charge businesses that sell products on its website a 5% fuel and inflation fee beginning April 28, according to documents reviewed by Bloomberg, a first for the company.

Spencer Soper | Bloomberg News
April 13, 2022
Business, Technology, Logistics

Amazon Closing All Bookstores, Shops to Focus on Grocery Sector

An Amazon.com Inc. 4-star store in Berkeley, Calif. An Amazon.com Inc. 4-star store in Berkeley, Calif. (Cayce Clifford/Bloomberg News)

Amazon .com Inc. is closing all of its physical bookstores, “Amazon 4-Star” locations and mall pop-up kiosks as the world’s largest online retailer narrows its brick-and-mortar push to the grocery sector.

Spencer Soper | Bloomberg News
March 2, 2022
Business, Technology, Logistics

Amazon Web Outage Affects Delivery Operation

 Flex workers load vehicles with orders at an Amazon delivery station in Dallas Flex workers load vehicles with orders at an Amazon delivery station in Dallas. (Kathy Tran/Bloomberg News)

An Amazon Web Services outage is wreaking havoc on the e-commerce giant’s delivery operation, preventing drivers from getting routes or packages and shutting down communication between Amazon and the thousands of drivers it relies on, according to four people familiar with the situation.

Spencer Soper | Bloomberg News
December 7, 2021
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

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