Amazon’s Prime Day set records this year, with shoppers purchasing over 375 million items worldwide in two days. That marked a 25% increase from the 300 million items sold last year, CNBC reported Thursday (July 13). The event is a strong indicator of consumer spending, with shoppers...
Within the first 24 hours of Amazon’s Prime Day event, U.S. consumers spent $6.4 billion online, according to Adobe. Despite a 6% increase year over year, Bloomberg reported Wednesday (July 12), the amount fell short of expectations as shoppers pursue deals and inflation poses challenges. ...
Amazon has cemented the loyalty of consumers with a vast marketplace and an extensive range of products and services provided by many individual sellers. The added benefits of Prime, including expedited shipping, make Amazon Prime subscribers particularly loyal. However, while customer loyalty towards Amazon is...
As Amazon looks to drive adoption of its grocery offerings, the eCommerce giant is heeding the learnings from last year’s Prime Day’s growth in the category, doubling down on food and beverage deals. The eCommerce giant announced Thursday (July 6) many of the upcoming deals...
Amazon Business says it wants to give small business owners an easier buying experience. To that end, the retail giant’s B2B procurement store announced Tuesday (June 27) that its Business Prime Duo membership — once $69 per year — is now free for Amazon Prime...
Amazon Web Services (AWS) says it is upping its investment in its Ohio data center operations. The company announced Monday (June 26) that it will spend an estimated $7.8 billion to expand its data centers in the state by 2030. The investment, building on AWS’ nearly 7-year-old effort...
Amazon is reportedly facing a full-scale EU antitrust investigation over its $1.7 billion acquisition of iRobot, the maker of the popular Roomba vacuum cleaner introduced in 2002. After completing its preliminary review of the deal on July 6, the European Commission has scheduled a four-month investigation, according to...
Category by category, the jousting for share of consumer spending is a pitched battle for Amazon and Walmart. One holdout, beauty and wellness, where the two firms have been running neck and neck, may tilt toward Amazon’s favor. In a note, Morgan Stanley contended that...
As small food brands look to reach consumers online, some are finding that, when it comes to both operational simplicity and to reaching the widest audiences, Amazon cannot be beat, despite the many frustrations of depending on the eCommerce giant. In an interview with PYMNTS,...
