Amazon is encouraging its eCommerce vendors to sell their goods internationally, as cross-border sales are becoming an increasingly important part of the retailer’s revenue. According to news from Reuters, citing Amazon Vice President Eric Broussard, more than a quarter of all Amazon sales for third-party sellers...
Amazon announced news on Wednesday (Jan. 10) that during 2017, more than 300,000 U.S.-based small and medium-sized businesses (SMBs) joined Amazon Marketplace. In a press release, Amazon said billions of products were sold worldwide on its platform last year, with half of those items coming...
Amazon has announced that the 2017 holiday season was its “biggest” ever. According to news from CNBC, Amazon said on Tuesday that customers shopped on its website at “record levels” throughout November and December. Over the course of one week, more than 4 million people...
There are rumblings that Amazon Prime may have already hit the upper limits of its growth potential. According to analysis from Morgan Stanley, new enrollment in Amazon’s flagship membership program flattened out in 2017. Prime membership was up 14 percent between Q4 2015 and Q4...
Amazon.com said Wednesday (Nov. 29) that Cyber Monday was the single largest shopping day in the company’s history around the globe, including the biggest ever in eCommerce revenue for the small businesses (SMBs) and entrepreneurs who hawk their products on the company’s website. In a...
Amazon’s physical retail and fast delivery businesses are now under a single leader, company veteran Steve Kessel, according to Thursday reports from the Wall Street Journal. Kessel is a former lieutenant of Amazon CEO Jeff Bezos, who now finds himself responsible for Prime Now, AmazonFresh, Whole Foods...
For consumers, the holiday shopping season is the most wonderful time of year. Seasonal sales, twinkly lights and Santa’s for photo ops everywhere you turn. For retailers, it’s the Hunger Games. And this year, much like every year for the last 20, the tributes from...
Amazon.com has won approval from several state pharmaceuticals boards to become a wholesale distributor. Citing public records, the St. Louis Post-Dispatch reported that Amazon has gotten the nod for wholesale pharmacy licenses in at least 12 states, including Nevada, Arizona, North Dakota, Louisiana, Alabama, New...
Amazon’s investors got a bit of an early Christmas present this year, as a big beat on the Street earnings expectations for Q3 shot the stock price way up in after-hours trading. Q3 is normally a heavy investment period for Amazon, leading into the always active...
