Latest News Updates From Spencer Soper

Business, Technology

Cyber Monday Sales Hit Record $12.4 Billion on Nov. 27

U.S. shoppers spent $12.4 billion on Cyber Monday, a robust result demonstrating the continued resilience of consumers despite dwindling pandemic-era savings and high interest rates.

November 28, 2023
Business, Technology, Private

Amazon Scraps Planned Merchant Fee

Amazon.com Inc. is scrapping a planned fee on merchants that don鈥檛 use its shipping services, according to documents reviewed by Bloomberg.

September 20, 2023
Business, Technology, Logistics, Private

Amazon Service Lets Merchants Deliver to Physical Stores

Amazon.com Inc. is offering a new service that will let its 2 million merchant partners deliver inventory directly to physical retail stores and warehouses.

September 12, 2023
Business, Technology, Logistics

Flexport Founder Ryan Petersen to Return as CEO

Flexport CEO Dave Clark is abruptly leaving the startup after a year, making way for the return of founder Ryan Petersen and highlighting pressure on startups in the logistics industry.

September 7, 2023
Business, Logistics, Private

Amazon to Double Number of Same-Day Delivery Facilities

Amazon.com Inc. will double the number of U.S. same-day delivery facilities in the 鈥渃oming years,鈥 the company announced July 31.

July 31, 2023
Business, Technology, Logistics, Private

Amazon Prime Day Invite-Only Deal Targets Buyer Frustration

Amazon.com Inc is alleviating some past Prime Day frustrations by dangling an 鈥渋nvite-only鈥 promotion designed to give customers a better shot at snagging the bargains they want.

July 11, 2023
Business, Logistics, Private

Amazon to Sell Bay Area Office Complex as Sales Growth Cools

Amazon .com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, the company鈥檚 latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.

January 26, 2023
Government, Business, Logistics

Cyber Monday Sales on Track to Break Record Despite Inflation

U.S. shoppers spent $11.3 billion on Cyber Monday, a robust showing that suggests steep discounts attracted inflation-stung shoppers.

November 29, 2022
Government, Business, Logistics

Amazon CEO Says Job Cuts Will Continue Into 2023

Amazon.com Inc. CEO Andy Jassy said the e-commerce giant will be cutting jobs into 2023 as it adjusts to business conditions, his first public comments about the cost-reduction plans roiling Amazon since reports that it planned to wipe out about 10,000 jobs.

November 18, 2022
Business, Equipment, Logistics

Amazon Employees Fear 鈥楴o One Is Safe鈥 as Layoffs Roil the Ranks

鈥淣o one is safe.鈥 So wrote an Amazon.com Inc. employee on an internal chat room as the company began the largest round of layoffs in its history.

November 16, 2022