by Mike Duff | Jul 29, 2022 | Featured News, Retail Articles
Amazon fell short of second-quarter expectations as it continued working to cut costs and drive its Prime business. In the quarter that ended June 30, Amazon’s net loss was $2.03 billion, or 20 cents per diluted share, versus net earnings of $7.78 billion, or 76...
by Mike Duff | Jul 22, 2022 | Retail Articles
Customers awaiting their Amazon packages in major cities including Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle and St. Louis will begin seeing custom electric delivery vehicles from Rivian rolling to their homes. Amazon announced...
by Mike Duff | Jun 22, 2022 | Retail Articles
Amazon has named Doug Herrington CEO of its Worldwide Amazon Stores business, formerly known as Worldwide Consumer, as it makes an organizational change. The announcement comes just about two weeks after the company revealed that Dave Clark, CEO of Worldwide Consumer...
by Mike Duff | Jun 6, 2022 | Retail Articles
Dave Clark, Amazon CEO of Worldwide Consumer and a critical player in the company’s operational expansion during the COVID-19 pandemic, is leaving the company to pursue other interests, the company reported. The move comes as Amazon is addressing overcapacity...
by Mike Duff | Apr 29, 2022 | Featured News, Home + Housewares, Retail Articles
In the first quarter, Amazon had to cope with an environment where a weakening pandemic, snarled supply chains and international turmoil hit operations and pressured earnings. Net loss in the quarter was $3.84 billion, or $7.56 per diluted share, the company reported,...
