After a report surfaced that Amazon staffers utilized information regarding independent sellers to create rival items, House Judiciary Committee legislators requested that Chairman and CEO Jeff Bezos provide testimony on the eCommerce retailer’s private-label procedures. Bezos’ testimony would offer a public forum for legislators to...
While Amazon earnings announcements over the years have become somewhat well known for their “expect the unexpected” atmosphere, yesterday’s earnings surprise was a big one. A very big one — something Amazon clearly knew beforehand, since it prefaced the news in the quarterly earnings announcement thusly:...
In the “Notorious Markets” report by the Office of the U.S. Trade Representative (USTR) on marketplaces known for issues with privacy and illegitimate goods, multiple international websites of Amazon.com were named. The office pointed out claims of counterfeit merchandise sold on the eCommerce retailer’s sites in the...
Amazon Pay has introduced a new credit service in India called Amazon Pay Later that offers merchandise repayment extending as long as 12 months. The eCommerce giant is also partnering with Indian Railways so it can get more essential goods to a larger population of...
Amazon is battling fraud amid the COVID-19 pandemic by using video conference calls to verify the identity of new merchants, according to a Reuters report on Sunday (April 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Amazon will cut commission rates for members of its commission program, which is called Amazon Associates and allows companies to advertise Amazon products in exchange for a percentage of sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
New customers for Amazon grocery delivery will be directed to a waitlist, the company said on Sunday (April 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Amazon is suspending its shipping service because it needs those workers for more pressing tasks, according to a report in the Wall Street Journal (WSJ) on Tuesday (April 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
It would not be fair to expect any firm anywhere on the planet to have been ready for the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
