Business

Data Suggests Amazon Customers Not Sold on Prime

Internet searches for “Canceling Amazon Prime” were 18 times higher June 15 — the beginning of Amazon.com’s two-day sale — than the previous day, according to search engine monitoring firm Captify, suggesting shoppers did not want to make a long-term commitment to the giant online retailer.

Spencer Soper | Bloomberg News
July 16, 2019
Business, Logistics

Amazon Prime Day Boosted by Promotion From Taylor Swift, Other Celebs

Amazon.com is tapping high-profile actors, athletes and social-media sensations like never before to maintain buzz around its Prime Day summer sale, now in its fifth year and battling increasing competition from rivals.

Spencer Soper | Bloomberg News
July 15, 2019
Business, Logistics

Amazon Poised to Unleash Purge of Small Suppliers, Sources Say

Two months ago, Amazon halted orders from thousands of suppliers with no explanation. Panic ensued — until the orders quietly resumed weeks later, with Amazon suggesting the pause was part of a campaign to weed out counterfeit products.

Spencer Soper | Bloomberg News
May 28, 2019
Business, Logistics

Amazon One-Day Shipping Lifts Startups Serving Retailer’s Competition

Amazon's pledge last month to pump $800 million into making next-day delivery the new standard upped the pressure on its brick-and-mortar rivals to spend more trying to catch up all over again.

Spencer Soper | Bloomberg News
May 7, 2019
Business, Technology, Logistics

Fighting Fakes Was a Big Reason Behind Amazon’s Big Vendor Purge

Amazon.com on March 9 hinted that fighting counterfeits was a reason for its sudden and unexplained purge of thousands of vendors that sowed panic among longtime suppliers.

Spencer Soper | Bloomberg News
March 11, 2019
Business, Technology, Logistics

Amazon Purges Suppliers in Push to Boost E-Commerce Profits

Amazon.com abruptly stopped buying products over the past two weeks from many of its wholesale vendors, encouraging them to instead sell their products directly to consumers on Amazon’s marketplace.

Spencer Soper | Bloomberg News
March 7, 2019
Business, Logistics

Grocery Delivery Helps Costco Edge Amazon in Consumer Satisfaction Survey

Costco Wholesale Corp. may be a latecomer to e-commerce, but consumers love it even more than Amazon.com, according to a customer satisfaction survey released Feb. 26.

Spencer Soper | Bloomberg News
February 26, 2019
Business

Amazon Sales, Profit Top Estimates as Retail, Advertising Soar

Amazon.com Inc.’s sales and earnings in the busy holiday quarter beat analysts’ estimates, showing the world’s biggest web retailer can maintain rapid growth while improving profitability and fending off online competition from rivals such as Walmart Inc.

Spencer Soper | Bloomberg News
January 31, 2019
Government, Business, Technology

Blockbuster Cyber Monday May Not Be Enough to Boost Market

Shoppers will spend an estimated $7.8 billion on Cyber Monday, Nov. 26 — a record — boosting a strong holiday shopping season, and Wall Street likely will shrug it off.

Spencer Soper | Bloomberg News
November 26, 2018
Government, Business, Logistics

Amazon Selects Washington, New York Metro Areas for Coveted ‘HQ2’ Sites

Amazon.com Inc. will build new offices in New York City and Arlington, Va., ending months of jockeying between potential locations across the country vying for a $5 billion investment that promises 50,000 high-paying jobs over almost two decades.

Spencer Soper | Bloomberg News
November 13, 2018