Amazon has set the Treasure Truck free in the streets of to bridge the gap between online and real world commerce. The Treasure Truck makes the moveable feast of goods open for business to the people of its home city. So each day, the truck sets out with a limited quantity of a select good[…]
Credits to www.washingtonpost.com for posting this article online. Amazon nearly doubled its lobbying expenditures in 2015 versus the previous year, spending $9.4 million dollars trying to sway Congress and executive agencies. The jump puts Amazon’s lobbying efforts in the same league as other tech giants like Microsoft and Facebook — and reflects how the company’s[…]
Amazon’s net shipping costs reached an all-time high of over $5 billion for the full year of 2015. This was revealed in Amazon’s annual 10-K filing with the Securities & Exchange Commission. The 51 percent increase in Prime memberships in 2015 is seen as the main reason for this. The company’s membership program which offers[…]
The news on Amazon potentially opening 400 bookstores drew a lot of attention Tuesday. This news came from Sandeep Mathrani, CEO of General Growth Properties Inc. Amazon opened its first and so far only brick and mortar store, a bookstore, in November. Called Amazon Books, the store is in Seattle’s University Village, an upscale outdoor[…]
Amazon says Exclusives store sales top $50 million in first year Amazon Exclusives, the company’s platform for products not available anywhere elsewhere sets a $50 million in less than a year since its launch. The company, believes that the store serves as an important avenue for the retailer to get first dibs on new products[…]