Nineteen months and $1 trillion of lost market value later and Amazon CEO Andy Jassy is fast approaching a second anniversary and a reckoning. This, as talk of Jassy struggling to put his own stamp on the company he took over from billionaire founder Jeff Bezos in...
Since opening its first London store in 2021, Amazon Fresh has eschewed manned checkout stations. Following a model pioneered in the U.S., it has opted to kit each store with its “Just Walk Out” cashierless checkout technology instead. But recent reports suggest that for the...
Having conquered retail with its digital marketplace, Amazon is taking on grocery with omnichannel offerings. The eCommerce giant appears to be trying out a new brick-and-mortar format on a site that was previously home to a New Seasons Market grocery store. According to a filing...
After closing the books on a better-than-expected fourth quarter but a harder-than-expected year, Amazon CEO Andy Jassy stressed that more work needed to be done in order to restore the brand to its pre-pandemic cost structure. “I think probably the number one priority that I...
When Amazon reports earnings on Thursday (Feb. 2), Wall Street will be focused on how much earnings drop, and on whether revenues top expectations. Layoffs? They’ll be under discussion too. So will AWS and the state of enterprise tech spending. As the eCommerce giant grapples...
Amazon is offering Prime members discounted prescription drugs, its latest venture into the healthcare sector. Announced Tuesday (Jan. 24), the company’s RxPass provides patients that use the Amazon Pharmacy access to generic medications for $5 per month, delivered to their homes at no cost. “Navigating...
Amazon is reportedly beginning its latest round of job cuts Wednesday (Jan. 18). These layoffs are primarily focused on the firm’s retail and human resources organizations and are part of its largest-ever workforce reduction that was announced earlier this month, Bloomberg reported Wednesday. In total,...
Rent the Runway is opening shop on Amazon in a move that’s a fit for both brands. In a Thursday (Jan. 12) press release, the “Pre-Loved” used designer apparel marketplace announced that it has opened a digital storefront to bring its offering to a wider...
Amazon will close three of its U.K. warehouses in favor of newer fulfillment centers. The company said Tuesday (Jan. 10) the closures will affect warehouses in Hemel Hempstead, Doncaster and Gourock, and impact 1,200 workers, who will be offered the chance to transfer to other...
