by Mike Duff | Aug 9, 2023 | Retail Articles
Although iRobot Corp. second-quarter earnings slipped, the company managed to beat a Wall Street estimate as it continues to await the conclusion of its merger with Amazon. Net loss was $80.8 million, or $2.93 per diluted share, versus $43.4 million, or $1.60 per...
by Mike Duff | Aug 4, 2023 | Retail Articles
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...
by Mike Duff | Jul 28, 2023 | Retail Articles
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...
by Mike Duff | Jul 27, 2023 | Retail Articles
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,...
by Mike Duff | Jul 25, 2023 | Retail Articles
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...
