amazon lobbying

Why Amazon is doubling down on lobbying

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 reaches $5B, pushes to build out its own delivery network

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[…]

amazon books

Amazon making a strategic move to open bookstores

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 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[…]