Amazon sent an email to sellers this week announcing a new policy for refunds.
*CEO: freight forwarding industry undergoing transformation. COPENHAGEN, July 27- Danish freight forwarder DSV will invest more to meet rising demand for services such as e-commerce and address competition from new players including Amazon.com which is seeking a greater role in the logistics supply chain. DSV has specialised in complex transportation...
Chieh Huang, Boxed co-founder and CEO, explains how the e-commerce startup plans to revolutionize the bulk retail space by anticipating consumers' needs and shipping items automatically.
Analyst Ronnie Moas said in early July he bought some bitcoin and expects it to roughly double and reach $5,000.
July 28- A steeper-than-expected drop in quarterly profit rattled some Amazon.com investors, but Wall Street analysts remained largely bullish about the company's aggressive spending plans. Shares of the e-commerce juggernaut, which have risen 40 percent this year, were down 4.3 percent at $1,001 in early trading on Friday, wiping out $21 billion from its...
Profitability is not the issue right now, says Charlie O'Shea, Moody's retail analyst, talking about Amazon's revenue strategy as the e-commerce giant implements expansion plans into many different areas. At this point a lot of what's happening at Amazon right now is almost like a laboratory experiment, says O'Shea.
Amazon's first entry into Southeast Asia seems to have hit a roadblock, making its Prime Now service unusable.
Here's the trading history for Amazon after big earnings misses, according to hedge fund analytics tool Kensho.
Eric Sheridan, UBS managing director, talks about Amazon's long-term growth plans after the e-commerce giant reported a huge miss on earnings. I see this as an opportunity to buy the stock here, says Sheridan.
AB Mendez, Frost Investment Advisors, talks about the future of Amazon's growth strategy after the company reported a big miss on profits but beat the Street on revenues.
The super-fast Prime Now delivery service in Singapore appears to be unavailable, with no word from Amazon yet on when it will resume.
The world's largest online retailer posted second-quarter revenue of $38 billion, up 25 percent from a year earlier. Yet Seattle- based Amazon posted a 77 percent drop in quarterly income, and even said it could lose up to $400 million in operating profit during the current quarter. The company had earned 40 cents per share instead of $1.42 as analysts had...
July 27- Amazon.com Inc reported on Thursday a 77 percent slump in quarterly income and forecast a potential operating loss in the current quarter, as the company invests heavily in video content and in fast-growing economies such as India. The world's largest online retailer forecast an operating income of $300 million to a loss of $400 million for the...
July 27- Amazon.com Inc reported a 77 percent slump in quarterly profit as the company invests heavily in areas such as video content and in fast-growing economies such as India. The world's biggest online retailer said net income fell to $197 million, or 40 cents per share, in the second quarter ended June 30, from $857 million, or $1.78 per share, a year earlier.
Grover Norquist, Americans for Tax Reform president & founder, and Karen Mills, former administrator at the Small Business Administration, discuss President Trump's views on Amazon's sales tax policies.
Amazon has launched its Prime Now services in Singapore, making it the ninth country where it is available.
*950 jobs at risk in South Africa, Namibia, Botswana. JOHANNESBURG, July 27- Department store Stuttafords, the 159- year-old "Harrods of South Africa", is closing down, victim of a global shift to online retail and a domestic economic slump that has put brands such as Ted Baker and Gap beyond its customers' reach. However, attempts to revive its fortunes proved futile and...
James Cakmak, Monness, Crespi, Hardt analyst, weighs in on whether Amazon is at risk of being stymied by antitrust risks and where he sees the stock headed from here.
Consumers spend more on gadgets now, not so much on fancy clothes, and the economy is over-retailed.
Treasury Secretary Steven Mnuchin said he does not "understand the consistency" of Amazon collecting taxes on its own sales, but not for "third-party" sellers on its marketplace.