In the second quarter, Amazon posted strong earnings even as its overall and product sales advanced. Amazon’s net income was $6.75 billion, or 65 cents per diluted share, compared with a net loss of $2.03 billion, or 20 cents per diluted share, in the 2022...
To give consumers a new way to pay for purchases, Amazon has struck a deal with Fiserv, a payments and financial technology solutions provider, that will allow eligible debit and credit cardholders to redeem their uChoose Rewards points for purchases on Amazon.com and...
In a fresh build, Amazon has debuted a new 823,000-square-foot robotic fulfillment center in Detroit that employs innovative technology to assist in processing customer orders. The new facility expands Amazon’s operations and transportation network in the state,...
iRobot has entered into a new $200 million credit facility that prompted the company and Amazon to amend the price per share formerly set for its acquisition by the retailer. Under the amended acquisition terms, Amazon will pay $51.75 per share revised down from $61...
Market researcher Kearney described the consumer response to Amazon Prime Day as “tepid.” According to Kearney Consumer Institute lead Katie Thomas, Prime Day has become a consumer “nice-to-have,” but not a must. Shoppers polled by KCI said that, of available...
