The old saying in hockey is to skate to where the puck is going to be. The old maxim in business and in life: If at first you don’t succeed, try try again. For Amazon, we’re seeing a combination of those strategies distilled as it...
After Amazon’s ill-fated early forays into the restaurant industry, the company is reapproaching the space. On Wednesday (March 29), fast-casual giant Panera Bread announced that it is letting its loyalty members order by voice or touch via Amazon’s Alexa. The news comes just one week after the bakery-café chain announced...
Amazon is reportedly exploring an acquisition of theater chain AMC Entertainment. The discussions within Amazon are fluid, the company could wait for AMC’s stock to fall further, or it could choose not to make an offer, The Intersect reported Tuesday (March 28), citing unnamed sources....
Amazon is set to lay off 9,000 employees, the latest in an on-going series of job cuts. The layoffs will primarily effect the company’s cloud computing, Twitch live-stream, and advertising departments, CEO Andy Jassy said in a message to employees Monday (March 20). The cuts...
The prospects for global broadband connectivity are looking up, quite literally. This, as Amazon on Tuesday (March 14) revealed a first look of the latest progress in its planned constellation network of 3,236 low Earth orbit (LEO) satellites. Codenamed Project Kuiper, Amazon’s latest push to own every...
Amazon is scaling back its cashierless Go stores, the latest in a series of cost cuts. The move also comes as the giant retailer is tinkering with its physical grocery business. “Like any physical retailer, we periodically assess our portfolio of stores and make optimization...
Amazon has reportedly upped its investment in ultrafast delivery amid increased competition from rivals. A key part of its delivery strategy is Amazon’s network of “same-day site” warehouses, The Wall Street Journal (WSJ) reported Sunday (Feb. 26). The report notes that Amazon has opened about...
Amazon can close its acquisition of One Medical without opposition from the Federal Trade Commission (FTC). The Wall Street Journal (WSJ) reported Tuesday (Feb. 21) that the FTC will keep investigating the purchase of the health clinic operator but won’t sue in time to block...
Amazon’s chief executive says the company is committed to reviving its struggling physical grocery business. “We’re just still in the early stages,” Andy Jassy told the Financial Times (FT) in an interview published Monday (Feb. 13). “We’re hopeful that in 2023, we have a format...