pymnts Profile:
Amazon (NASDAQ: AMZN)
Amazon.com, Inc., doing business as Amazon, is a multinational technology company focusing in e-commerce, cloud computing, and artificial intelligence in Seattle, Washington.
Estée Lauder Targets New Customers With Amazon Storefront, ‘Creator Council’
May 1, 2024Estée Lauder Companies’ debut of its first brand on the U.S. Amazon Premium Beauty store has “greatly exceeded” the company’s retail sales expectations so far. This new offering, which started with the Clinique brand in late March ...Read moreInflation and Pinched Consumer Wallets Dominate Q1 Earnings
May 1, 2024If there’s a theme for retailers this earnings season, and especially for dining, it might be crystallized in the comments this week from McDonald’s CEO Chris Kempczinski, who told analysts: ...Read moreAmazon North American Sales Soar in Q1
April 30, 2024Although it was closely watched for the manner in which it handled its artificial intelligence (AI) investments, Amazon dropped a stunner of a Q1 earnings report Tuesday (April 30), driven by ...Read moreWhen Consumers Buy Electronics, Online Marketplaces Beat Physical Stores
April 30, 2024Typically, consumers’ preferred purchasing channel remains the physical store, but when it comes to buying electronics, shoppers turn to third-party marketplaces for affordability and convenience. By the Numbers The new PYMNTS Intelligence report “The ...Read moreArtsy Shoppers Are Ditching Craft Stores for More Convenient eCommerce Options
April 29, 2024Consumers are cutting back on nice-to-haves like craft supplies, and even when they do buy these items, they are increasingly choosing retail giants such as Amazon, leaving arts stores in the ...Read moreAmazon Says Prime Delivery Speed Reaches Record Pace
April 29, 2024Amazon says its Prime deliveries have reached their fastest speed on record. The eCommerce giant announced Monday (April 29) that more than 2 billion items had arrived the same day or on the ...Read moreIris Partners With Amazon Business on Procurement for UK Schools
April 26, 2024Iris Software Group has launched an integration with Amazon Business that will help schools in the United Kingdom streamline and automate their purchasing process. This integration will enable 5,254 Iris customers to purchase ...Read moreAmazon Announces Prime Day’s Return as Shoppers Flock to Seasonal Deals
April 26, 2024With consumer spending increasingly motivated by deals and seasonality, Amazon is gearing up for its tenth-ever Prime Day savings event, as Doug Herrington, CEO of Worldwide Amazon Stores, announced via ...Read moreWalmart Gives Online Shoppers VIP Treatment to Compete With Amazon
April 25, 2024As Walmart looks to speed its digital transformation in an effort to shrink the eCommerce gap between itself and rival Amazon, the retailer is giving digital shoppers exclusive access to get them ...Read moreAs British Regulators Scrutinize Microsoft and Amazon AI Deals, Industry Braces for Impact
April 24, 2024British antitrust authorities are soliciting opinions on the implications of partnerships between tech giants Microsoft and Amazon and smaller generative artificial intelligence (AI) model developers amid growing concerns about competition and innovation ...Read more
Amazon Pharmacy Expands Same-Day Delivery to New York, Los Angeles
March 26, 2024Amazon Pharmacy expanded its same-day delivery of prescription medication to New York City and the greater Los Angeles area. These cities join five others in which this service is already available: Austin, ...Read moreAmazon Opens Grocery Delivery Program to Non-Prime Customers
November 9, 2023Amazon is expanding its grocery delivery/pickup program to include shoppers who aren’t Prime subscribers. The retail giant is making grocery delivery and free pickup available to all customers in any U.S. ...Read moreAmazon Pays Customers For Pickup to Cut Delivery Costs
May 9, 2023Amazon is offering customers a deal to lower delivery costs: Pick up your items, get $10. As Reuters reported Monday (May 8), the eCommerce giant has recently begun emailing Prime subscribers ...Read moreAmazon Raises Threshold for Free Grocery Delivery to Cover Costs
January 27, 2023Amazon is raising the amount Prime members must spend to get free grocery delivery. Effective Feb. 28, members must order $150 for free delivery from Amazon Fresh. For smaller orders, there will ...Read moreAmazon Offers Same-Day Delivery From Local Retailers
August 1, 2022Amazon has given Prime members in 10 United States metro areas the ability to shop at local retail stores using the company’s app and website and have their purchases delivered ...Read moreAmazon Tests Same-Day Mall Deliveries
May 20, 2022Amazon.com Inc. delivery drivers are fetching packages from mall stores and dropping the goods off at consumers’ homes under a plan the company is testing, Bloomberg reported Friday (May 20). The ...Read moreWhole Foods Orders Drop After New Delivery Fee, Report Says
December 26, 2021Whole Foods customers have voted against the company’s new $9.95 delivery fee, a report says. The company, owned by Amazon, used to offer free delivery to Amazon Prime customers. But recently ...Read moreAmazon to Take Top Package Delivery Spot From Rivals FedEx, USPS, UPS
November 29, 2021Move over UPS, FedEx and USPS. By early next year, Amazon will be the largest delivery service in the U.S., according to Amazon CEO of worldwide consumer service Dave Clark ...Read moreAmazon Now Offers Free One-Day Brazil Delivery
August 4, 2021Amazon has rolled out free one-day delivery to Brazilian Prime members in 50 cities across the Latin America hotspot. With the offering, Amazon stays in the lead in its battle for ...Read moreAmazon Supplies Logistics To Rivals
August 3, 2021Amazon is rolling out the welcome mat to its competitors, hoping to become every company’s one-stop fulfilment center regardless of origin or destination, Financial Times reported on Tuesday (Aug. 3). The ...Read more
Amazon Beta Launches Generative AI Shopping Assistant Rufus
February 1, 2024Amazon has beta launched a new generative artificial intelligence (AI)-powered shopping assistant. Dubbed “Rufus,” the assistant is now available to a small subset of customers using the Amazon mobile app and will ...Read moreAmazon Unveils Alexa Features to Help Seniors, Caregivers
May 11, 2022Amazon has unveiled two features for the Alexa Together function on its Alexa devices designed to help older people and their caregivers. In an announcement posted on its website Wednesday (May ...Read moreCashierless Tech, Starbucks Deal Put Amazon in QSR Business
November 18, 2021The rumors are true: Amazon is making moves into the quick-service restaurant (QSR) space, partnering with Starbucks to bring its “Just Walk Out” frictionless checkout technology into the latter’s stores. ...Read moreLondon Opens First Market Outside of US To Use Amazon’s Cashierless Tech
November 16, 2021London is opening the first market outside of the U.S. to use Amazon’s white-labeled Just Walk Out technology, Bloomberg reported Monday (Nov. 15), citing sources who said that Amazon Sainsbury’s ...Read moreAmazon One Palm Scanning Tech Moves Into Entertainment With AXS Collab
September 14, 2021Amazon is taking its palm scanning technology, Amazon One, out of the retail aisles and into entertainment venues through a partnership with ticketing solutions firm AXS. The collaboration brings the “first-ever ...Read moreAmazon to Pilot ‘Just Walk Out’ Tech at Whole Foods Locations
September 8, 2021Amazon’s Just Walk Out technology will be trialed at Whole Foods locations in Washington, D.C.’s Glover Park neighborhood and Sherman Oaks, California, giving shoppers the option of skipping the checkout ...Read moreAmazon Mulls Alexa Wearables For Children
July 14, 2021Amazon is looking into developing Alexa-powered wearable GPS-equipped devices for children aged 4-12, Bloomberg reported on Wednesday (July 14). The new wearable, which is code-named Seeker, could be a wristband, keychain or ...Read moreVodafone, Amazon To Bring Speedy 5G ‘Edge Computing’ Services To UK Businesses
June 16, 2021Vodafone and Amazon Web Services are partnering to bring so-called “edge computing” to business customers in the U.K. Edge computing quickly analyzes bulk data — collected from, say, the factory ...Read moreAmazon, Tile Team Up To Compete With Apple AirTags
May 7, 2021Amazon has announced new partnerships in hopes of enhancing its connected devices to compete with products such as Apple AirTags. The company said Friday it had formed partnerships with Tile, which ...Read moreAmazon Expands Palm Biometrics In Seattle
February 1, 2021Three more Amazon Go stores in Seattle are being equipped with Amazon One palm-reading biometric identification scanners, Geekwire reported on Monday (Feb. 1). The eCommerce giant already added the palm scanning ...Read more
Amazon to Change How Alexa Developers Are Paid
April 10, 2024Amazon will stop paying developers to create applications — called Skills — for its voice assistant Alexa. This will end an offering that has been available to developers since 2017 and ...Read moreAmazon Employees Debate Idea of Charging for Alexa
January 22, 2024Would you pay a subscription to use Amazon’s voice assistant Alexa? Inside the company, that’s apparently the subject of some debate. A recent Business Insider report — citing internal documents and ...Read moreAmazon Devices Leader Dave Limp Named CEO of Bezos’ Blue Origin
December 21, 2023Amazon veteran Dave Limp is going from Alexa to outer space. Limp, who led the company’s devices unit, was chosen by Amazon founder Jeff Bezos to be CEO of his aerospace ...Read moreAmazon Adds Favorites and Shortcuts to Alexa App
December 1, 2023Amazon has unveiled a redesigned Alexa app, offering users an enhanced experience in managing their smart home devices. The updated app has new customization options and prioritizes frequently used smart home ...Read moreAmazon Puts Alexa in the Driver’s Seat, Walmart Revs Up Package Delivery
November 24, 2023Amazon and Walmart are revving up their engines with initiatives set to hit consumers by the year’s end or the start of 2024. The projects go full throttle on transportation ...Read moreWith Hyundai Deal, Alexa Helps Amazon Link Commerce to Connected Cars
November 22, 2023With the recent news that Amazon is partnering with Hyundai, the conventional wisdom might be to say: Amazon sells pretty much everything else across its platform, and as part of its ...Read moreDoes Meta’s 3.59 Billion Users Give It Competitive AI Moat?
September 29, 2023Big Tech’s artificial intelligence (AI) arms race shows no signs of slowing to a cold war. At least not any time soon, while there are still consumers to convert and addressable ...Read moreAmazon’s Bid to Get Smart Glasses Right
September 26, 2023Smart glasses have long been the stuff of science fiction dreams, promising a future where we can seamlessly integrate digital information and augmented reality into our daily lives. However, despite ...Read moreThis Week in AI: Interactive Evolutions, Enterprise Wins, Biometric Payments
September 21, 2023Generative artificial intelligence (AI) hasn’t even celebrated its first birthday yet. But the innovative technology continues to be the gift that keeps on giving. Another week has gone by, and with it ...Read moreAmazon Makes Alexa More Human-Like to Increase VoiceTech Adoption
September 20, 2023Amazon aspires for Alexa to be an integral part of the consumer’s household. During its product launch on Wednesday (Sept 20), Amazon unveiled enhancements to its Alexa voice assistant, introducing intuitive ...Read more