Latest News Updates From Spencer Soper

BusinessTechnologyLogistics

Amazon Purges Suppliers in Push to Boost E-Commerce Profits

Amazon.com abruptly stopped buying products over the past two weeks from many of its wholesale vendors, encouraging them to instead sell their products directly to consumers on Amazon’s marketplace.

March 7, 2019
BusinessLogistics

Grocery Delivery Helps Costco Edge Amazon in Consumer Satisfaction Survey

Costco Wholesale Corp. may be a latecomer to e-commerce, but consumers love it even more than Amazon.com, according to a customer satisfaction survey released Feb. 26.

February 26, 2019
Business

Amazon Sales, Profit Top Estimates as Retail, Advertising Soar

Amazon.com Inc.’s sales and earnings in the busy holiday quarter beat analysts’ estimates, showing the world’s biggest web retailer can maintain rapid growth while improving profitability and fending off online competition from rivals such as Walmart Inc.

January 31, 2019
GovernmentBusinessTechnology

Blockbuster Cyber Monday May Not Be Enough to Boost Market

Shoppers will spend an estimated $7.8 billion on Cyber Monday, Nov. 26 — a record — boosting a strong holiday shopping season, and Wall Street likely will shrug it off.

November 26, 2018
GovernmentBusinessLogistics

Amazon Selects Washington, New York Metro Areas for Coveted ‘HQ2’ Sites

Amazon.com Inc. will build new offices in New York City and Arlington, Va., ending months of jockeying between potential locations across the country vying for a $5 billion investment that promises 50,000 high-paying jobs over almost two decades.

November 13, 2018
BusinessLogistics

As Transportation Costs Mount, Amazon Is Squeezing Suppliers to Curb Losses in Price Wars

Amazon.com Inc., locked in a margin-crushing price war, is offloading costs onto suppliers and limiting the number of single, low-priced items shoppers can purchase in an effort to offset rising shipping costs.

March 20, 2018
BusinessLogistics

Amazon's Investment in Warehouses, Robots Pays Off in Rising Sales and Bigger Profit

Years of investments in warehouses and robots and data centers and gadgets — that have often tested investor patience — paid off big for Amazon over the holidays.

February 2, 2018
BusinessTechnologyLogistics

Amazon Expands Delivery Trial That Could Hurt FedEx, UPS

Amazon.com Inc. is expanding a service launched to make more groceries, cleaning supplies and other products available for quick delivery directly from merchants without overwhelming the e-commerce giant’s warehouses with additional inventory, according to documents reviewed by Bloomberg News.

January 29, 2018
BusinessLogistics

Amazon Narrows Field for Second Headquarters Location to 20

Amazon.com Inc. narrowed the field of cities for its proposed new headquarters to 20, with New York, Boston, Chicago, Miami and Austin, Texas, among the contenders.

January 18, 2018
BusinessTechnologyLogistics

Amazon Launches ‘Business Prime’ to Bring Quick Delivery to Work

Amazon.com Inc. launched a Prime membership service for businesses, looking to replicate in the workplace the quick delivery of online orders that made it a go-to shopping destination for households.

October 24, 2017

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