Amazon executives are deliberating whether to delay some of the initial phase of investments to get the project started, according to one of the people familiar with the discussions. The internal talks haven’t progressed to deciding whether to relocate future jobs or the campus.
The online retail giant is asking consumer-goods companies to create brands exclusively for Amazon after finding that developing them on its own is too costly and time-consuming, according to people familiar with the strategy.
An Amazon spokesperson said the company is “always working to develop new, innovative ways to support the small and medium businesses who sell on Amazon, including testing shipping programs that help these businesses get packages to their customers quickly and reliably.”
The cloud business bolsters the margins of both companies; 60% of Amazon’s trailing 12-month operating earnings came from its AWS cloud segment, which accounted for only 11% of the company’s revenue in that time.
Most are new to online shopping and often don’t have smartphones, credit cards or even delivery addresses. What they do have is money to spend.
The Securities and Exchange Commission has pressed Amazon to tell investors how much of its revenue comes from its Amazon Prime customers, according to letters between the SEC and the company.
Amazon is now in the running in a three-way race to become the world’s most valuable public company.
Amazon.com Inc. handles nearly half of all online sales in the U.S., giving it a popular platform and a wealth of consumer data. Now it’s on track to become the next juggernaut of online advertising
In coming weeks, the world’s biggest online retailer will sell the latest editions of Apple’s iPhone, iPad and other devices in the United States, Europe, Japan and India.
StockMarketNews.Today – Nearly half of 8,500 teens (47%) surveyed by Piper Jaffray named Amazon their favorite shopping website. The share is up three percentage points from 44% this spring and leads other competitors by a wide margin. The second “most preferred shopping website” is Nike.com at 5%.
StockMarketNews.Today – The Amazon Go store, which has no cashiers and allows shoppers to buy things with the help of a smartphone app, is widely seen as a concept that can alter brick-and-mortar retail.
StockMarketNews.Today – Asia Pacific equities benchmarks were mixed on Friday as a sharp drop by the tech-heavy Nasdaq Composite on Wall Street overnight had an uneven impact on tech stocks in the region.
StockMarketNews.Today – Amazon workers in Germany went on strike on Tuesday, adding to the problems afflicting the company’s biggest annual promotional event following industrial action in Spain and website outages in the US.
Sellers and consultants say Amazon has advised some merchants to double or even triple their overall ad spending and the amount of money they bid on keywords if they want to get their products at the top of search results.