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Image for Amazon Revenue Increases 25%, Profit Does Not Follow Suit

Amazon Revenue Increases 25%, Profit Does Not Follow Suit

Quarterly profit at Amazon.com fell by 77% even though its sales surged, a sign of how high the costs are of its increased dominance across the retail sector. The retailer, based in Seattle, earned its smallest profit for a quarter... More of this article »
Image for Amazon Promises Better and Bigger Prime Day

Amazon Promises Better and Bigger Prime Day

Amazon Prime day, the e-commerce retailer’s largest sales event for the year, will return on July 10 for the third consecutive year and ends July 12 at 3:00 a.m. An executive with Amazon said that its members loved the Prime Day... More of this article »
Image for Amazon Offices In Japan Raided By Authorities

Amazon Offices In Japan Raided By Authorities

The offices of Amazon.com Inc. (NASDAQ:AMZN) were raided recently by Japanese antitrust regulators on suspicion of antitrust activity. Amazon Japan had allegedly gained an advantage over rival e-commerce sites by forcing retailers... More of this article »
Image for Amazon Announces Most Profitable Quarter To Date

Amazon Announces Most Profitable Quarter To Date

Amazon.com Inc. (NASDAQ:AMZN) reported in its third consecutive record profit and its most profitable quarter to date on Thursday. Overall, Amazon posted a profit of 857 million, or $1.78 a share, for the second quarter. This compared... More of this article »
Image for Amazon Prime Day 2016 Launches At Midnight Tonight

Amazon Prime Day 2016 Launches At Midnight Tonight

The second annual Amazon Prime Day begins at midnight tonight for the millions of Amazon Prime members around the world. In addition to the U.S., shoppers in Spain, Japan, France, Canada and the U.K. can participate. The company said... More of this article »
Image for Wal-Mart Takes On Amazon With Grocery Delivery Service

Wal-Mart Takes On Amazon With Grocery Delivery Service

Wal-Mart Stores Inc. (NYSE:WMT) has decided to directly challenge Amazon (NASDAQ:AMZN) in the grocery arena by adding store to door delivery service in select areas of the country. Before the start of its annual meeting on Friday,... More of this article »