Amazon is reportedly scaling back its private-label business and cutting dozens of its in-house brands. The move comes as the retail giant fights to stave off antitrust actions, shore up profits and cut costs, The Wall Street Journal (WSJ) reported Thursday (Aug. 10). In a statement provided to...
Amazon Web Services (AWS) says it wants to assist early-stage startups amid a tight funding environment. The company on Wednesday (Aug. 9) introduced AWS Build, a program that offers business and technical guidance — plus some funding — to early-stage companies, helping them use AWS’ tech...
After a record-breaking Prime Day, Amazon is giving its sales event a sequel. The retail giant will offer Prime members an exclusive shopping event — dubbed “Prime Big Deal Days” — in October, according to a Tuesday (Aug. 8) company blog post. “We are really excited for Prime...
Amazon has teamed with Brazilian bank Banco Bradesco to offer a credit card in that country. The launch of the card is set for this week, CEO Octavio de Lazari Jr. told Reuters Friday (Aug. 4), in a report that noted this is Amazon’s latest...
Merchants using Amazon’s Buy with Prime are seeing their shopper conversion increase by 25%. That’s been the company’s finding in merchants’ early trials of this offering, Amazon reported during its most recent earnings call. “Buy with Prime is continuing to show a lot of progress,”...
Amazon’s movement to create a commerce ecosystem well beyond simply logging sales on its platform showed up in second-quarter earnings results, as sales gleaned from its third-party sellers segment soared by 18.1% to $32.3 billion. Presentation materials from the company showed that sales at its...
Amazon has launched a feature designed to make it easier for customers to stay informed about product recalls and safety information for items they have purchased. The new “Your Recalls and Product Safety Alerts” page provides customers with a dedicated location to see this information, the...
Amazon’s return-to-the-office mandate is reportedly being ramped up across the country. Employees working remotely or located in smaller remote offices are being told they may have to return to what the company calls its “main hub” locations, including Seattle, New York and San Francisco, the Wall...
As grocers look to boost their data-collecting capabilities in stores, Whole Foods Market is rolling out parent company Amazon’s palm payment capabilities across all locations. On Thursday (July 20), Amazon announced that it will roll out its Amazon One technology across the natural and organic...
