Amazon Service Lets Merchants Deliver to Physical Stores
Amazon.com Inc. is offering a new service that will let its 2 million merchant partners deliver inventory directly to physical retail stores and warehouses.
Flexport Founder Ryan Petersen to Return as CEO
Flexport CEO Dave Clark is abruptly leaving the startup after a year, making way for the return of founder Ryan Petersen and highlighting pressure on startups in the logistics industry.
Amazon to Double Number of Same-Day Delivery Facilities
Amazon.com Inc. will double the number of U.S. same-day delivery facilities in the “coming years,” the company announced July 31.
Amazon Prime Day Invite-Only Deal Targets Buyer Frustration
Amazon.com Inc is alleviating some past Prime Day frustrations by dangling an “invite-only” promotion designed to give customers a better shot at snagging the bargains they want.
Amazon to Sell Bay Area Office Complex as Sales Growth Cools
Amazon .com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, the company’s latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.
Cyber Monday Sales on Track to Break Record Despite Inflation
U.S. shoppers spent $11.3 billion on Cyber Monday, a robust showing that suggests steep discounts attracted inflation-stung shoppers.
Amazon CEO Says Job Cuts Will Continue Into 2023
Amazon.com Inc. CEO Andy Jassy said the e-commerce giant will be cutting jobs into 2023 as it adjusts to business conditions, his first public comments about the cost-reduction plans roiling Amazon since reports that it planned to wipe out about 10,000 jobs.
Amazon Employees Fear ‘No One Is Safe’ as Layoffs Roil the Ranks
“No one is safe.” So wrote an Amazon.com Inc. employee on an internal chat room as the company began the largest round of layoffs in its history.
Amazon Reports Strong Sales That Ease Fears of Slowdown
Amazon .com Inc. reported revenue that topped estimates and gave a strong sales forecast for the current quarter, allaying investor concerns about potential belt-tightening by inflation-rattled consumers. Shares jumped more than 10% in extended trading.
Amazon Prime Day Pushed Web Sales Up 8.5% to $11.9 Billion
Online spending in the U.S. rose 8.5% to $11.9 billion during Amazon.com Inc.’s two-day Prime Day promotion, according to Adobe Inc., helping boost traffic on competing sites such as Walmart.com and Target.com that held their own sales.