Latest News Updates From Spencer Soper

Business, Logistics, Private

Amazon Reports Strong Sales That Ease Fears of Slowdown

Amazon .com Inc. reported revenue that topped estimates and gave a strong sales forecast for the current quarter, allaying investor concerns about potential belt-tightening by inflation-rattled consumers. Shares jumped more than 10% in extended trading.

July 28, 2022
Logistics

Amazon Prime Day Pushed Web Sales Up 8.5% to $11.9 Billion

Online spending in the U.S. rose 8.5% to $11.9 billion during Amazon.com Inc.鈥檚 two-day Prime Day promotion, according to Adobe Inc., helping boost traffic on competing sites such as Walmart.com and Target.com that held their own sales.

July 14, 2022
Business, Technology, Logistics

Exiting Amazon Executive Dave Clark Joins Flexport

Dave Clark, who spent two decades climbing the ranks at Amazon.com Inc. to become its consumer chief, is joining logistics software startup Flexport Inc.

June 8, 2022
Business, Technology, Logistics, Private

Amazon Targets Shopify With New 鈥楤uy With Prime鈥 Service

Amazon.com Inc. said it will let merchants sell products they list with the e-commerce giant directly from their own websites, as part of a move to blunt the momentum of fast-growing competitor Shopify Inc.

April 21, 2022
Business, Technology, Fuel

Amazon Adds 5% Fuel, Inflation Surcharge for Sellers

Amazon.com Inc. will charge businesses that sell products on its website a 5% fuel and inflation fee beginning April 28, according to documents reviewed by Bloomberg, a first for the company.

April 13, 2022
Business, Technology, Logistics

Amazon Closing All Bookstores, Shops to Focus on Grocery Sector

Amazon .com Inc. is closing all of its physical bookstores, 鈥淎mazon 4-Star鈥 locations and mall pop-up kiosks as the world鈥檚 largest online retailer narrows its brick-and-mortar push to the grocery sector.

March 2, 2022
Business, Technology, Logistics

Amazon Web Outage Affects Delivery Operation

An Amazon Web Services outage is wreaking havoc on the e-commerce giant鈥檚 delivery operation, preventing drivers from getting routes or packages and shutting down communication between Amazon and the thousands of drivers it relies on, according to four people familiar with the situation.

December 7, 2021
Business, Technology

Cyber Monday Misses Estimates on Short Supply, Weak Deals

Final sales for Cyber Monday fell short of estimates and didn鈥檛 surpass last year鈥檚 record as lackluster sales and scarce inventory kept shoppers from breaking out their credit cards during the start of the holiday shopping season.

November 30, 2021
Business

Amazon Staten Island Warehouse Workers Lead Push to Unionize

More than 2,000 workers at four Amazon.com Inc. facilities in Staten Island have signed a petition asking federal labor officials to greenlight an election to form a new union, according to organizers, the latest spasm of labor strife between the e-commerce giant and its employees.

October 21, 2021
Business, Technology, Logistics, Top 100

Amazon to Pass Walmart in Retail Sales in 2025, Report Says

Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.

April 27, 2021