Amazon’s results showed slowing eCommerce growth, but the firm logged double-digit gains in third-party seller services as it continues to build out its ecosystem. As detailed in the company’s earnings release, net sales at online stores were up 3%, at $51.1 billion. Nearly 26 million...
A year after acquiring MGM, Amazon Studios reportedly looks at new projects based on its intellectual property. Several film and television projects based on the movie and television studio’s properties are in discussions or development, Deadline reported Friday (April 14), citing unnamed sources. There are early discussions...
Amazon is leveraging its extensive eCommerce marketplace to eat away at grocers’ center-aisle sales. The eCommerce giant’s annual report highlights the opportunity that the $800 billion U.S. grocery market poses, drawing visits three to four times a week per household on average. “Amazon has built...
Earnings season begins anew. Along with the deluge of reports, conference calls and Securities and Exchange Commission filings, there’s the opportunity to glean insight into where companies are headed in the months and the years ahead. To that end, Amazon’s annual filing reveals the ways...
Amazon customers will reportedly be charged a fee for some returns to UPS Stores. The tech giant is applying the new fee in cases in which the customer returns a product to a UPS Store when they could have returned it to a Whole Foods,...
Every so often, we get a reminder of how far we’ve come — and where we’ve come from. It’s hard to recall, at least for some of us, that eCommerce has its roots, in some respects, in the stacks, so to speak — where selling...
Amazon said it stopped six million counterfeit products from entering the ecosystem in 2022 as the marketplace expands its Project Zero initiative to get fakes off its platform. In a Tuesday (April 4) blog post, Amazon’s Worldwide Seller Partner Services Vice President Dharmesh Mehta discussed the release of its...
It’s been four years since Amazon first announced plans for its Amazon Sidewalk low-bandwidth IoT connectivity project. Now, the eCommerce and device giant is finally rolling out the network to innovators to “build the next billion connected devices.” After mostly vanishing from the connected discourse...
The old saying in hockey is to skate to where the puck is going to be. The old maxim in business and in life: If at first you don’t succeed, try try again. For Amazon, we’re seeing a combination of those strategies distilled as it...
