Next week, Amazon.com will have its second-ever Prime Day and the e-commerce giant's big day might not be only aimed at generating only large revenue.
In summer months sales are typically slow and an annual sale like 'Prime Day' surely perks up the sales numbers. Additionally, it might also allow Amazon to gauge how is the traffic for the rest of the year going to be. Such kind of big sale attracts more third party sellers to join Amazon which is also a driver of sales as that attracts more number of customers to its site.
Last year, when Amazon stated its first brick and mortar bookstore in Seattle, the general assumptions were that online retail giant could open many more across the country. However, Amazon at that time had not confirmed any such move.
But now, Amazon is venturing into Portland which gives Powell's Books, one of the best known book stores in the U.S some serious competition.
On Monday, the US Federal Aviation Administration (FAA) said it is seeking to impose penalty $350,000 on Amazon for violating hazardous materials regulations.
The civil penalty is related to a packaging issue of "Amazing! LIQUID FIRE," which is a heavy duty drain cleaner with a sulfuric acid base.
Amazon shipped the product through UPS on October 15, 2014 which allegedly was not properly packed and some amount leaked through the fiberboard box.
A recent survey conducted by United Parcel Service Inc and researcher ComScore showed that most shoppers prefer online shopping and the Millennials drive the shift.
In the fifth year of the survey, for the very first time more than half the consumers said they bought most of their things online compared to their purchases in stores. The yearly survey of 5,000 or more online shoppers showed that they made fifty one percent of their purchases online compared to 2015's forty eight percent.
Walmart Partners with Uber, Lyft and Deliv to Expand Same Day Grocery Delivery Services in More MarketsSubmitted by Isha Sondhi on Sat, 06/04/2016 - 08:43
Walmart is not giving up so fast and is making great strides to compete with Amazon. The company is investing heavily to expand its online presence and also delivery services of its grocery business and going after online retailer Amazon in the process.
On Friday, in an announcement, the retail giant said it will partner with ride-hailing services Uber, Lyft and Deliv to test its pilot program, 'The last mile' or same-day grocery deliveries at the door steps of its customers.
A regulatory filing on Friday revealed that Amazon, the e-commerce company has bought about ten percent stake in Air Transport Services Group, an airplane leasing company. Its plans seem to be more than just leasing cargo planes for handling its own shipping.
Amazon said last week that it would lease twenty Boeing 767 planes from ATSG for delivering added customers' orders. With a larger stake in the leasing company, Amazon will also have a greater influence on ATSG's operations and is likely to gain more knowhow of the air shipping business.
Hoverboards hit the headlines recently for all the wrong reasons. In the past few months several fire accidents have been reported by users making these self balancing devices not so safe to ride.
Now, Amazon is offering a complete refund for hoverboards. Earlier in the week, the Consumer Product Safety Commission (CPSC) said, it is investigation forty incidents. It is also examining thirteen manufacturing companies and distributors of hoverboards.
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