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 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[…]

Amazon One-hour Prime Now adds another City

Ever wonder if Amazon can deliver that breakfast for you? Yes they will and the list just keeps on growing for Amazon Prime’s one-hour delivery service because now it services Liverpool. After launching the one-hour Prime Now deliveries in London last summer, Amazon brought the option to Birmingham, Newcastle and Manchester before year’s end. The[…]

Amazon Prime now in nearly half of U.S. households

Amazon Prime is simply amazing right a days, it provides free shipping and has grown to include streaming video and music as well as e-books. The great thing about this service is that it has grown so large and according to a report from Consumer Intelligence Research Partners, the service is now within nearly half[…]

Amazon opens 2,500 UK jobs

Good news to jobseekers out there, here is one to really look out for. Amazon says it will take on 2,500 new permanent staff in the UK this year, bringing its total number of UK employees to 14,000 and will also create thousands more jobs elsewhere in Europe. The company is looking forward to expanding[…]

Wall Street give Amazon a pass to grab growth now, profits later

Amazon remains strong even if the profits are not coming in at the moment. Analysts thinks that this is a part of the company’s strategy in continuously reinventing and making the trends. The ecommerce giant has convinced Wall Street that definitely profits will come later. Although profits have been typically weak for Amazon, observers say[…]

Amazon Drone Delivery Service Will Carry 5-Pound Packages Over 10 Miles In 30 Minutes

Everyone is now getting excited about Amazon Prime Air as the company is planning to rollout the service to its users as soon as possible. According to Yahoo Tech, Paul Misener, Amazon’s vice president for global public policy, gave some more details about the company’s plans, how it will tackle regulation and red tape, and[…]