Cyber Monday Sales on Track to Break Record Despite Inflation
U.S. shoppers spent $11.3 billion on Cyber Monday, a robust showing that suggests steep discounts attracted inflation-stung shoppers.
November 29, 2022Amazon CEO Says Job Cuts Will Continue Into 2023
Amazon.com Inc. CEO Andy Jassy said the e-commerce giant will be cutting jobs into 2023 as it adjusts to business conditions, his first public comments about the cost-reduction plans roiling Amazon since reports that it planned to wipe out about 10,000 jobs.
November 18, 2022Amazon Employees Fear ‘No One Is Safe’ as Layoffs Roil the Ranks
“No one is safe.” So wrote an Amazon.com Inc. employee on an internal chat room as the company began the largest round of layoffs in its history.
November 16, 2022Amazon Reports Strong Sales That Ease Fears of Slowdown
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.
July 28, 2022Amazon Prime Day Pushed Web Sales Up 8.5% to $11.9 Billion
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.
July 14, 2022Exiting Amazon Executive Dave Clark Joins Flexport
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.
June 8, 2022Amazon Targets Shopify With New ‘Buy With Prime’ Service
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.
April 21, 2022Amazon Adds 5% Fuel, Inflation Surcharge for Sellers
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.
April 13, 2022Amazon Closing All Bookstores, Shops to Focus on Grocery Sector
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.
March 2, 2022Amazon Web Outage Affects Delivery Operation
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.
December 7, 2021