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Amazon Will Own a Bigger Piece of Logistics in 2021

08

Jan 2021

Amazon Will Own a Bigger Piece of Logistics in 2021

Amazon (NASDAQ:AMZN) has strategically invested in its fulfillment network over the last five years, leasing planes, buying trucks and vans, and contracting pilots and drivers for deliveries. For the most part, Amazon has built its network to operate synergistically with its third-party delivery partners like UPS (NYSE:UPS). But the tech titan’s sending a message that that’s about to change. The superhub is coming Amazon announced...

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Why Amazon Stock Soared 76% in 2020

04

Jan 2021

Why Amazon Stock Soared 76% in 2020

Shares of Amazon.com (NASDAQ:AMZN) surged 76% higher last year, according to data from S&P Global Market Intelligence. Demand for the e-commerce juggernaut’s services rose sharply during the coronavirus pandemic, and it’s set to grow further in the years ahead. So what COVID-19, and the social distancing measures enacted to combat the spread of the disease, resulted in the temporary closure of a huge swath of...

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Amazon Sellers Sold 1 Billion Items Worldwide over the Holidays

02

Jan 2021

Amazon Sellers Sold 1 Billion Items Worldwide over the Holidays

Amazon said it delivered billions of items to customers around the world this holiday season in its annual post. As usual, you’ll have to wait until mid- to late-January to find more color when it releases its fourth-quarter financial results (and even then, it doesn’t provide granular data). But it did offer some factoids to chew on in its post-holiday blog post. Package pickup: Offering...

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Amazon announces plans for 3 new facilities, 1,500 jobs in San Antonio

10

Dec 2020

Amazon announces plans for 3 new facilities, 1,500 jobs in San Antonio

Amazon announced plans on Tuesday to open two new fulfillment centers and a delivery station in San Antonio that will bring more than 1,500 new full-time jobs to the area. A new one million-square-foot fulfillment center at 10360 US 90 on the far West Side of San Antonio is expected to open in 2021. The facility is slated to handle bulky or larger-sized items like...

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Amazon says sellers racked up more than $4.8 billion in sales over weekend

03

Dec 2020

Amazon says sellers racked up more than $4.8 billion in sales over weekend

Amazon.com Inc said on Tuesday independent businesses selling on its platform crossed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, an increase of more than 60% from a year earlier. In its first indication of performance for the year’s peak online shopping days, Amazon said more than 71,000 small- and medium-sized businesses worldwide had surpassed $100,000 in sales this holiday season to...

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Amazon employees in line for $500m recognition bonus

12

Nov 2020

Amazon employees in line for $500m recognition bonus

Amazon is to pay a special holiday recognition bonus to its front-line employees globally, in order to demonstrate its appreciation for their work. All front-line staff who are employed by the organisation between 1-31 December 2020 will be eligible for the bonus, which, in the UK, will total £300 for full-time and £150 for part-time employees. In total, Amazon will invest more than $500 million...

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Amazon’s dominance proves the future of retail is online

05

Nov 2020

Amazon’s dominance proves the future of retail is online

Amazon’s Prime Day sales event propelled consumers to spend billions more online last week, kicking off an end-of-year shopping season that is expected to be dominated by e-commerce shopping. Overall spending on Amazon’s site increased by 36% in the U.S. during the two-day event compared with Prime Day last year, though that was lower than the 42% increase the company saw in 2019, according to...

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Amazon fulfillment center in Rossford officially opens

21

Oct 2020

Amazon fulfillment center in Rossford officially opens

Amazon’s new fulfillment center in Rossford is officially open for business! New associates were welcomed inside the 640,000 square-foot building for the first time this month to celebrate the center’s first day of operation. “It’s been very exciting! This project is less than two years old, it was built in just about a year and they’re up and running! They’ve got a thousand new people...

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Amazon pitches early holiday shopping with fall ‘Prime Day’ event

16

Oct 2020

Amazon pitches early holiday shopping with fall ‘Prime Day’ event

Amazon.com Inc AMZN.O on Tuesday began 48 hours of promotions as part of “Prime Day,” a closely watched marketing event the company had postponed due to operational challenges from the coronavirus pandemic. The event, typically held in July to boost summer sales, is now a kickoff to what will be an earlier holiday shopping season. The member-only discounts are a key way Amazon markets Prime,...

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Amazon sellers expect sales growth in upcoming festive season: Nielsen

01

Oct 2020

Amazon sellers expect sales growth in upcoming festive season: Nielsen

Around 85 percent small and medium businesses (SMB) selling products on Amazon expect an increase in their sales in the upcoming festive season, according to a survey. The survey, commissioned by Amazon and conducted by Nielsen, showed that around 74 percent sellers also expect a recovery in business. Around 89 percent respondents expect to reach out to new customers and 78 percent mentioned an increase...

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