Retailers are battling hard over toys, flat-screen TVs and new tech gadgets this holiday season, and Amazon appears to be in a strong position.
The company said on Tuesday that it sold 18 million toys between Thanksgiving and Cyber Monday. Amazon did not disclose toy sales from last year, but it has been stockpiling toys since Toys “R” Us’ closed its stores in June.
Amazon (AMZN) expanded its toy efforts in the run-up to the holidays. It mailed out a 70-page toy catalog with top items and deals, and even began selling toys at Whole Foods. Last week, Amazon offered discounts on Barbie, Hot Wheels, Fisher-Price, and Lego.
It’s been just over month since Amazon announced the end of its the protracted search for its second headquarters and announced it would be expanding to Long Island City, New York, and Crystal City, Virginia, and adding an “operations hub” in Nashville. But rather than acclimating to the idea of Amazon in their midst, organizers in the three cities are doubling down on resisting it.
It’s Cyber Monday and Amazon has one deal for its customers that’s a little unexpected. The company just announced that it has made available, for free, the same machine learning courses that it uses to train its own engineers.
It’s a lot of information to digest — from a programming standpoint. According to a newly released statement by Matt Wood, an eight-year veteran of Amazon and a general manager of deep learning and AI at the company, there are more than 45 hours across 30 different courses that developers, data scientists, data platform engineers and business professionals can take gratis.
The mystery over which city or cities Amazon will choose for its second headquarters continues.
An Amazon executive on Saturday took a swipe at a Washington Post report that said the e-commerce giant was in advanced talks about opening its second headquarters, nicknamed HQ2, in Crystal City, Virginia. The report in the Jeff Bezos-owned Post, which cited “people close to the process,” said the Washington DC suburb is a frontrunner for the complex, which is expected to create 50,000 jobs and cost $5 billion.
As Amazon continues its rise as the world’s largest online marketplace, rival eBay charges that it got there by crossing a legal line.
eBay filed a lawsuit against Amazon in Santa Clara County on Wednesday alleging it fraudulently poached its high-value sellers by infiltrating an internal messaging system called M2M, In the filing, Ebay says its rival is “unwilling to fairly compete for third party seller business.”
Amazon declined to comment on the lawsuit.
eBay says the Amazon “scheme” violated its user agreement policies and “induced eBay sellers to do the same.”
Amazon is letting its customer ratings do the talking at its new store.
Called Amazon 4-Star, the new concept will stock items that customers have rated four stars or above, on average, according to a blog post announcing the store. That means it will include only the best of the best; Amazon says the current assortment averages 4.4 stars.
It opens Thursday in Manhattan’s SoHo neighborhood.
When investing, it’s always a good idea to spread the wealth. Whether you invest only as much as can be insured, or you use different financial managers with unique areas of expertise, your goal is to maximize your capital. Everyone gets a piece of the pie, and within portfolios there’s still more diversification.
When it comes to digital marketing, advertisers are wise to spread their budgets around, but the places to spend in an effective way have dwindled. Over the past few years, fewer and fewer players in online advertising have a piece of the pie–especially those trying to protect consumer information–and advertisers looking for the best conversion rates have increasingly directed their ad budgets to a handful of companies where privacy practices and protections are less than stellar.
In Jeff Bezos’s vision of the future, microwaving a potato is a multi-step, error-ridden, complicated affair.
This much was made clear at a press event in Seattle today, where Amazon unveiled a host of new household products that integrate with the company’s voice assistant, Alexa. In doing so, Amazon succeeded in more than just debuting a voice-controlled microwave. Indeed, in the course of today’s IRL informercial the company managed to do something much more remarkable: give life to the adage that just because you can do something, doesn’t mean you should.
Amazon Storefronts is a new way for small and medium-sized businesses to sell products directly through Amazon. Amazon has established a separate section where it will highlight small businesses, feature curated collections of unique products and provide a platform for an online small business experience. Instead of navigating thousands of online sellers, Amazon wants customers to interact with small businesses and have an intimate, mom-and-pop-shop experience through the online platform.
Amazon is being criticized for appearing to inflate prices as residents of North and South Carolina prepare for Hurricane Florence to make landfall.
Many local grocery and warehouse stores have sold out of basics like cases of water, so some locals have turned online to buy goods to prepare for the storm. What they’ve found is water cases that cost over $20 for a few dozen bottles — far more than their usual cost.