Following the delay of their annual Prime Day sale until September, Amazon has decided to host a smaller sale on June 22nd (tentatively titled "the Biggest Sale in the Sky"). The goal of this sale is to help its sellers un...
Alibaba Offers International Financing Options With Alibaba Cross-Border Payment Terms
Alibaba has just introduced Alibaba Cross-Border Payment Terms, a financing solution for American SMEs that will allow smaller sellers to order items in bulk without having to pay for them for up to 60...
Amazon Extends Promotion for European Fashion Sellers
Amazon has extended the fashion promotion it launched for European sellers on March 1st; while originally set to end on February 28th, 2021, the promotion will now run until April 30th, 2021. During this time, European s...
Four Premier League Fixtures to Be Free to Air on Amazon Prime
All four of Amazon’s remaining Premier League fixtures will be available for UK sports fans to stream on Amazon Prime Video without a Prime membership when m...
Amazon Secures Record Low 0.4% Interest in $10 Billion Debt Sale
Amazon has just announced that it has acquired $10 billion in new debts to be used for general corporate expenditures. This debt consists of six tranches ranging from $1 billion to $2.5 billion each, with maturities lasting up to 50 ...
Nearly One Million Disappointed Shoppers Have Now Left Amazon Reviews
Amazon has experienced an unusual surge of negative reviews in the past 30 days. While last year saw 95% of customers leaving positive reviews, that number dipped slightly to 93% in mid-March and has now dropped even further to just 83%. The number of negative reviews now totals 945,000, and...
Amazon Prepares to Purchase Self-Driving Car Developer Zoox
According to the Wall Street Journal, Amazon is currently in late-stage talks to buy the self-driving car company Zoox. It is not yet clear how much Amazon will pay to acquire the company, but it will reportedly be less than the $3.2 ...
Amazon CEO Jeff Bezos Invests in Digital Freight Forwarding Startup Beacon
Amazon's Jeff Bezos was one of several contributors who recently participated in British digital freight forwarder Beacon's Series A fundraising. Other past investors include Uber founders Garrett Camp and Travis Kala...
Joe Biden Claims Amazon is Not Paying Enough Tax
Presidential nominee Joe Biden criticized Amazon on Friday for paying what he believes is too little in taxes. While the current US corporate tax rate is 21% before deductions are subtracted, Amazon paid just 1.2% in tax on their...
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Amazon Prime Day Possibly Delayed Until September
Amazon is reportedly rescheduling its annual Prime Day sale event (usually held in July) for sometime in September. This new rumored sale date comes from the Wall Street Journal and follows earlier reports from Reu...
Beauty Brands Find a Lifeline on Amazon amid the Pandemic
Even as the novel COVID-19 pushes customers to a more reserved lifestyle, some beauty brands report a surge in sales on Amazon. Brands like Alps+Oars and Wunder2 have been the biggest winners. In addition to leveraging Amazon's marketing po...
Facebook Emulates Amazon With New E-Commerce Interface
Facebook has announced a new e-commerce product called Shops, which will allow users to purchase products from online storefronts hosted by Facebook themselves. Users will be able to access these storefronts from a company’s profile or advertisements on any of Faceb...
Walmart’s Online Sales Surge as Company Becomes Amazon’s Biggest E-Commerce Rival
Walmart’s e-commerce sales have grown 74% during the current quarter, knocking eBay out of its spot as the second most popular online retailer and positioning Walmart as a potential rival to reigning king Amazon if it continues its current trajectory. This...
Amazon Warehouse Workers in Seattle Now Have Access to Amazon Care Virtual Medicine App
Amazon Care (a pilot virtual medicine program formerly available only to office workers in the company’s Seattle headquarters) is now also available to Seattle's Amazon warehouse workers. The service is accessed via t...
Walmart to Discontinue Amazon-Like E-Commerce Site Jet.com
Walmart is discontinuing the e-commerce site Jet.com after buying it nearly four years ago for $3 billion. This decision was made in response to the $2 billion loss incurred by Walmart’s e-commerce division in 2019. Going forward, the company ...
Amazon Set to Introduce Mobile Ultraviolet Sanitation In Its Fight Against COVID 19
On the night of May 10th, "60 minutes" tweeted about Amazon's newest invention- mobile ultraviolet sanitation. Although only a prototype, the video showed a robot roaming in a grocery store disinfecting surfaces as part of a move by the giant tech company to curb the spread of COVID-...
Product Customization on Amazon is Now a Lucrative Venture
On the week beginning May 11th, Amazon announced a raft of new features in regards to product customization. Sellers can now charge an extra fee for chosen customization options under the Amazon Custom Program. Additional feature...
Former Amazon VP Speaks Out About Worker Sympathies
Tim Bray, former Vice President of Amazon Web Services, resigned his position on May 4th in support of the Amazon workers who claim they are facing unsafe working conditions during the COVID-19 pandemic that has won the company $30 billion in business so far. Over one hundred workers at Amazon's various warehouses and distribution centers have contracted the virus to date, and several have died as a result. These events...
FedEx and Microsoft Offer New Commercial Shipping Solution in Bid to Win Amazon's Customers
In a direct attempt to compete with Amazon, FedEx and Microsoft have forged a partnership to deliver an enhanced service to commercial shipping customers called FedEx Surround. The service is available at no extra cost to busines...
Amazon Developing COVID-19 Testing Programs for Employees
Amazon has begun a COVID-19 testing pilot project among the employees at their warehouse in Troutdale, Oregon. Workers are asked to voluntarily self-administer the tests which are then sent to labs that have been contracted b...
