by Mike Duff | Sep 26, 2023 | Retail Articles
In advancing its AI capabilities, Amazon has struck a deal with Anthropic that includes an investment of up to $4 billion, giving it a minority ownership stake in the company. Amazon developers and engineers will be able to build using Anthropic models via Amazon...
by Mike Duff | Apr 28, 2023 | Featured News, Retail Articles
Amazon turned to profits in the first quarter and beat Wall Street earnings and sales estimates with the e-commerce giant noting the contribution of an expanded home assortment led by a new Martha Stewart program. The company posted first-quarter net income of $3.17...
by Peter Giannetti | Mar 23, 2023 | Retail Articles
Amazon circulated a statement internally that addressed the company decision to eliminate 9,000 more positions in the next few weeks on top of 18,000 layoffs previously announced. In the statement, CEO Andy Jassy noted: As part of our annual planning process, leaders...
by Mike Duff | Feb 3, 2023 | Retail Articles
In a fourth quarter when sales events prompted strong response, Amazon missed Wall Street earnings estimates while exceeding those for revenues, revealing in a conference call associated with its financial results announcement that it is reconsidering the Amazon Fresh...
by Mike Duff | Oct 28, 2022 | Featured News, Retail Articles
Amazon posted a third-quarter sales gain while indicating the need for cost-cutting in the North American retail business as earnings slip. Net income slipped to $2.87 billion, or 28 cents per diluted share, as compared to $3.16 billion, or 31 cents per diluted share,...
