To criticize the business practices of Amazon approximately 18 months ago, a nonprofit dubbed the Free and Fair Markets Initiative (FFMI) rolled out a national campaign. While the group claimed to have grassroots support, it did not admit it has the backing of some of...
Amazon has expanded its two-hour delivery service for Whole Foods customers to almost 30 cities in an attempt to take on Walmart. The eCommerce giant launched a pilot program in August, using the purchase histories of Whole Foods shoppers who use their Prime memberships to...
So goes Amazon, so goes most of the rest of the retail world, with the eCommerce operator’s influence also extending to payments. That’s been the general situation for a decade or more. But will that hold true when it comes to climate change? We might...
FedEx Corp. was forced to cut its profit forecast for the year due to higher costs and lower revenue caused by its now-defunct partnership with Amazon. The company expects per-share earnings to fall between 16 percent and 29 percent in the current fiscal year, compared...
Amazon has responded to a recent story in The Wall Street Journal which claimed the eCommerce giant has changed its algorithm to benefit its profitability, pushing its own products higher in search. “@WSJ story based on anonymous sources is wrong,” the company tweeted on Monday...
Amazon will host an event on Sept. 25 in Seattle to introduce new products and services. According to CNBC, the eCommerce giant is expected to debut new hardware for its Echo family, as well as launch new products. At last year’s event, Amazon announced 15 Alexa-enabled...
To find out if Amazon is utilizing its market power to hurt competition, a Federal Trade Commission (FTC) team of investigators has started to interview small businesses that sell items on Amazon. Multiple attorneys, as well as one economist at a minimum, have been conducting...
News of Amazon Prime rolling out in Brazil caused some shares of eCommerce companies doing business in the country to drop, Reuters reported on Tuesday (Sept. 10). Amazon is offering unlimited nationwide free shipping to Prime subscribers in Brazil for a monthly price of 9.90...
Biometric payments are making another run at the grocery store, this time at the hands or Amazon. Or, to be more precise, in the hands of Amazon’s customers. Amazon, the company that brought consumers scan and go, is about to bring consumers pay by hand...
