All Posts Tagged With: "Amazon"

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 in close to two years. The e-commerce giant posted a profit of $197 million on […]

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 event and the company has been happy with the response the first two years, […]

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 to set their prices lower on Amazon. Japan’s antimonopoly act contains provisions that prohibit companies from unreasonably restraining the trade of other companies […]

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 with a profit of $92 million, or 19 cents a share, a year earlier. Amazon’s revenue jumped 31 […]

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 the sale will be the “biggest global Amazon event ever.” Amazon (NASDAQ:AMZN) is promising more than […]

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, Wal-Mart announced that it will be forming a partnership with Uber and Lyft to deliver groceries ordered online […]