From an all-time high in 2021 to a 3-year low in 2022, Amazon will ring in the New Year about half as large as it was a year ago. While the staggering $900 billion, 50% contraction in Amazon’s stock over the past 12-months is its...
A new European Union-Amazon deal will force the retailer to alter its business practices. The company has agreed to a settlement with regulators in Europe that will require Amazon to offer makers of rival products equal access to space on its website, The New York...
Amazon’s recent management announcements hint at a continued focus on the last mile. And the last mile may look markedly different in the months and years ahead as we continue to emerge from the pandemic. While demand is still strong to get everything delivered to...
Automated fulfillment solutions represent a compelling next-step evolution for retailers. At least for the giant players. Fresh off the news in October that Walmart had acquired Alert Innovation, a robotics automation company that “develops material-handling technology for automating order fulfillment in retail supply chains,” Amazon has...
Amazon has reportedly rescinded some job offers in its Retail organization. The Information reported the news Friday (Dec. 2), citing unnamed sources as well as LinkedIn posts from several other people. This marks an expansion of the firm’s cutbacks, which had previously been largely focused...
Amazon is reportedly finding that shoppers are looking for deals, especially on big-ticket items. Over Thanksgiving weekend, the firm saw that people care about getting a bargain on items that are expensive and discretionary, like televisions and computers, Bloomberg reported Wednesday (Nov. 30). “Consumers are...
Amazon Web Services (AWS) has launched a data management service that balances access and control. The new Amazon DataZone helps customers catalog, discover, share and govern data across their organization — including data stored by AWS, on premises or by third-party sources — Amazon said...
The insurance industry is one of the most mature and competitive markets globally, but it’s one often associated with legacy infrastructure, time-consuming paperwork and complex jargon that can easily deter customers from completing the purchasing process. Over the years, an increasing number of InsurTechs and...
Amazon is restructuring its India operations with the announcement that it is shuttering its food delivery service, Amazon Food, in the region after Dec. 29. In a statement sent to PYMNTS, the eCommerce giant said it will no longer be operating the food delivery business...
