Amazon has launched a new pilot initiative in collaboration with the National Housing Trust (NHT), a nonprofit group, to increase homeownership opportunities for underserved communities. With an investment of $40 million, Amazon aims to assist moderate-income individuals and families in purchasing homes in Tennessee, Virginia, Washington, D.C., and...
Apollo Global Management is reportedly second-guessing its investment in Amazon brand aggregator Perch. The private equity firm in 2001 pledged up to half a billion dollars in debt to Victory Park Capital, which invests in multiple aggregators, Perch among them. Now, as Bloomberg News reported...
Stitch together eCommerce ecosystem by eCommerce ecosystem and you get a massive ecosystem, as measured by scale. Amazon is partnering with Shopify to allow merchants who pay for Shopify’s eCommerce tools to use Amazon’s logistics network. The tie-up underscores the ways in which logistics and fulfillment can be the needle...
Amazon-owned One Medical, a national hybrid in-office and virtual primary care organization, will be undergoing a leadership transition as CEO Amir Dan Rubin departs the company later this year. Rubin’s departure was announced in an internal email by Neil Lindsay, who leads Amazon’s health services group, Bloomberg reported Thursday...
Amazon and Shopify have announced a new partnership that will allow merchants who pay for Shopify’s eCommerce tools to use Amazon’s logistics network. This means that Shopify merchants in the U.S. will soon have access to Amazon’s “Buy with Prime” option, which offers fast and...
Amazon is testing a change to its free shipping policy — a $35 minimum purchase requirement for customers who are not members of its Prime loyalty program. This move comes as the eCommerce giant looks for ways to cut costs and streamline its operations, CNBC...
Amazon has resumed the shipping service it shuttered during the pandemic. As The Associated Press reported Friday (Aug. 18), the company says it has relaunched Amazon Shipping, which competes with the likes of UPS and FedEx and allows sellers to ship Amazon orders or products...
Amazon is reportedly offering lower-than-market rates to influencers as it works to build a TikTok-like feed of photos and videos for its new social commerce project. The retailer is offering influencers $25 per video featuring two or more of its products at a time when...
Amazon is reportedly set to impose a new fee on third-party sellers who do not use the company’s logistics services. Starting in October, thousands of merchants who handle their own shipping will be required to pay a 2% fee on each sale in addition to the commission they...
