#amazon

#amazon

Amazon (NASDAQ:AMZN) just announced it's shutting down both its Amazon Go convenience stores and Amazon Fresh grocery locations, marking a dramatic retreat from physical retail. The company cited failure to achieve "a truly distinctive customer experience with the right economic model needed for large-scale expansion." Some locations will convert to Whole Foods Market stores. The closures come alongside 16,000 job cuts, accidentally revealed in an internal AWS email about "Project Dawn" organizational changes.

United Parcel Service, one of the world's largest package-delivery companies, has announced plans to slash up to 30,000 jobs amid a push to cut costs and boost profits. UPS, based in the US state of Georgia, will make the cuts as part of efforts to achieve savings of $3bn in 2026, UPS chief financial officer Brian Dykes said on an earnings call on Tuesday.

Shares of Amazon ( NASDAQ:AMZN) are up 0.5% this week, but retail investor sentiment tells a darker story. The company's social sentiment score dropped to negative 0.15 on Reddit and X over the past week, a sharp reversal from its neutral-bullish 0.12 average over the prior quarter. Among select tech peers, Amazon stands alone in sustained bearish sentiment while companies like NVIDIA ( NASDAQ:NVDA), Alphabet ( NASDAQ:GOOGL), Meta Platforms ( NASDAQ:META), and Apple ( NASDAQ:AAPL) enjoy bullish or neutral enthusiasm from the retail crowd.

An Amazon fulfillment center in Texas became a murder scene after a dispute between co-workers spiraled into a shooting that left one man dead and two others implicated in his murder. The incident unfolded just after 10 p.m. on January 10 at a San Antonio Amazon facility located at U.S. Highway 90 and Loop 1604, local news station WOAI reports.

That equity investment is now presumptively worthless after Saks continuously failed to meet its budgets, burned through hundreds of millions of dollars in less than a year, and ran up additional hundreds of millions of dollars in unpaid invoices owed to its retail partners," Amazon's attorneys wrote in a court filing on Wednesday, just hours after Saks Global filed for Chapter 11 with a $1.75 billion financing package.

With an aggressive business strategy that extends their value and diversifies their revenue streams, they continue to shock big business, most recently with their jump into brick and mortar with the opening of their bookstores and beta grocery store Amazon Go. So, how do they do it and what can other companies learn to ensure their own long-term success? The answers may be surprising, as Amazon challenges many traditional lessons we've learned for how to be successful in marketing and in business.

Winter is the season of layering, and there's no piece better suited for the job than a good turtleneck. The timeless style staple is a sartorial chameleon, and it looks just as perfect on its own as it does layered beneath a chunky knit or fuzzy vest. If you haven't been giving your basics collection the TLC it deserves, now's your chance as we've uncovered a trove of well-made turtlenecks under $50 at Amazon that will become the cornerstone of your winter travel wardrobe.

Amazon is equipping its managers withpowerful new metricsto monitor their reports with a dashboard that tracks not only whether employees show up to the office, but also how many hours they spend there, according to an internal document obtained by Business Insider. The move marks an escalation in the surveillance of white-collar workers at the e-commerce and cloud computing giant.

Eligible consumers may receive the money in different ways: some will get paper checks mailed to the address linked to their Amazon account, while others will receive refunds through digital payment services, with amounts reflecting the disputed Prime fees. The FTC encourages people to act promptly once a payment arrives, since checks typically carry a limited window before they expire. Digital transfers may need to be accepted by a set deadline.

Amazon's free cash flow has faced ongoing declines amid aggressive investments. In the third quarter, trailing 12-month free cash flow dropped to $14.8 billion, down 69% from $47.7 billion a year earlier. This followed a slide from $18.2 billion in the second quarter, driven by a $50.9 billion year-over-year increase in property and equipment purchases. Cash capital expenditures reached $34.2 billion in Q3 alone, with $89.9 billion spent year-to-date.

These stars of Amazon won't break the bank. Written by Yasmine Singh We may receive a portion of sales if you purchase a product through a link in this article. There are some things that look great online but may not live up to the hype in real life - but that's not the case for these products. They're all backed by near-perfect reviews, and the Scary Mommy shopping team trusts Amazon shoppers to keep it real.

At the time, Bezos had interviewed virtually every one of Amazon's circa 200 employees; Hart was one of the few the tech entrepreneur hadn't personally appointed. Over the next 23 years at the online giant, Hart reported directly to Bezos as technical advisor to the CEO, and to Amazon's current CEO, Andy Jassy.The lessons Hart learned at one of the world's most famous businesses have stayed with him to this day, where he leads $1.35 billion online learning giant, Coursera.

It's a good thing Anaconda isn't meant to be a horror movie, because the few times it tries for such moments, it's not great at it. The first reveal of the titular giant snake feels like an afterthought. The jump scares, while certainly startling in the moment, are pretty well-telegraphed in advance. However, the end result is a movie far less scary than its campy 1997 predecessor, but far funnier - on purpose.

In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing Amazon.com (NASDAQ:AMZN) alongside its primary competitors in the Broadline Retail industry. By meticulously examining key financial metrics, market positioning, and growth prospects, we aim to offer valuable insights to investors and shed light on company's performance within the industry.

I've been an Amazon customer for 20 years, but after changing my phone number, I'm locked out of my account because two-factor authentication (2FA) still uses my old number. I've called Amazon six times, sent photos of my driver's license three times, and even emailed executives using your contacts but no one has fixed it. Amazon updated the phone number on my account, but 2FA remains broken.