Amazon

[cyclone]

Fashion Sellers Reel as Amazon Aims at Its Next Retail Target

By Richard Weiss
June 22, 2017, 12:00 PM GMT+8

A week after upending the grocery business, Amazon.com Inc. is taking aim at fashion.

The e-commerce giant’s latest service, which lets consumers try on items at home before they buy them, prompted a slump in shares of Macy’s Inc. and Nordstrom Inc., as well as European online specialists Zalando SE, Boohoo.com Plc and Asos Plc. It was a rerun of what happened to supermarket shares when Amazon announced a $13.7 billion deal for Whole Foods Market Inc.

The Seattle giant’s Prime Wardrobe service, introduced Tuesday, is “another potential nail in the coffin for the department-store sector,” Wells Fargo analyst Ike Boruchow said in a note.

Amazon is ramping up its fashion offering after expanding its beachhead in physical retailing by gaining more than 400 Whole Foods stores. The move comes as apparel companies ranging from Ralph Lauren Corp. in the U.S. to Next Plc in the U.K. struggle to keep up with fickle consumers and online competition heats up with new investments by fashion chains like Inditex SA’s Zara and Hennes & Mauritz AB.

More details in https://www.bloomberg.com/news/articles/...ail-target

[weijian]

Organic items are already priced much cheaper at other competitors but Whole Foods is the "de-facto" (and improving) standard for the organic-ethic conscious group - Cutting prices will definitely drive volumes and with potential synergies like picking up your non-fresh grocery items ordered online, at the Whole Foods store --> this sounds like a sure winning strategy i would say?

Amazon Cuts Whole Foods Prices as Much as 43% on First Day

Internet giant bought upscale grocery chain for $13.7 billion
Some prices unchanged but favorites like avocados are cheaper

https://www.bloomberg.com/news/articles/...-first-day

[cyclone]

Amazon Receives 238 Proposals for HQ2 Across North America

By Natalie Wong
October 24, 2017, 12:28 AM GMT+8

Amazon.com Inc.’s second headquarters, dubbed HQ2, has lured 238 proposals extending across 54 states, provinces, districts and territories in North America, the company said Monday. Only seven U.S. states refrained from bidding: Arkansas, Hawaii, Wyoming, North Dakota, South Dakota, Montana and Vermont, according to a map Amazon published on its website.

Cities are battling for Amazon’s investment of $5 billion in construction and 50,000 high-paying jobs spread over the next two decades: New York City’s Mayor Bill de Blasio ordered landmarks around the city lit up in “Amazon orange” before the bids were due last week. Canadian Prime Minister Justin Trudeau penned a personal letter to Amazon Chief Executive Officer Jeff Bezos advocating for HQ2. Newark, New Jersey, has offered $7 billion in potential tax credits.

Amazon’s preferences for HQ2 include a metropolitan location with a population of more than 1 million, mass transit, proximity to an international flight hub and the potential to retain and attract technical talent. The new home will be a full equal to the Seattle headquarters, said the tech giant. In addition to direct hiring and investment from Amazon, HQ2 is expected to create tens of thousands of jobs and tens of billions of dollars in investment in the surrounding community.

More details in https://www.bloomberg.com/news/articles/...th-america

[Wildreamz]

Amazon shares surge 11% to all-time high as Wall Street shocked by giant's rapid growth

https://www.cnbc.com/2017/10/27/amazon-s...lysts.html

[choya]

Was looking at few Technology mutual funds. None has significant holdings in Amazon though all has Alibaba. Ironic that Technology funds missed out one of the most iconic technology stock and earliest disruptor. Perhaps they mirror MSCI World Information Technology Index which also doesn't has Amazon in its top 10 list.

[Wildreamz]

What brands should do in 2018 in the Age of Amazon

[weijian]

The part about the Performance workers having to process 1 claim in 4 minutes says it all about the incentives. The sellers are short changed but they have to keep coming back because Amazon is too efficient and big.

Dirty Dealing in the $175 billion Amazon MarketPlace

Sellers are more worried about a case being opened on Amazon than in actual court, says Dave Bryant, an Amazon seller and blogger. Amazon’s judgment is swifter and less predictable, and now that the company controls nearly half of the online retail market in the US, its rulings can instantly determine the success or failure of your business, he says. “Amazon is the judge, the jury, and the executioner.”

https://www.theverge.com/2018/12/19/1814...nstatement

[weijian]

The making of Amazon Prime, the internet’s most successful and devastating membership program

In 2006, we mostly had our inventory in the Midwest. The cost between the fulfillment center and the customer was about $1.50 a package. The cost by air was about $15. So it was 10x more expensive to send a package by air.

I’ll always remember, I presented the numbers to Jeff Bezos and I said, “This is what Prime is going to cost because of the percentage by air.” And Bezos said, “You aren’t thinking correctly.”

It was a self-fulfilling prophecy: If customers liked Prime, the demand would go up. And because the demand would go up, we had more freedom to build new fulfillment centers.

That’s why he’s a genius and I’m just an operations guy.

https://www.vox.com/recode/2019/5/3/1851...y-shipping

[Behappyalways]

Amazon at 25: The story of a giant
https://www.bbc.com/news/business-48884596

[Behappyalways]

2019.07.21【文茜世界財經週報】亞馬遜超級會員購物節　一日送達創銷售紀錄
https://www.youtube.com/watch?v=yQPsmf6o...dex=8&t=0s