Amazon’s status as the U.S. Postal Service’s biggest customer could be about to change. The tech giant has begun to scale back the volume of packages it ships via the postal service (USPS) with the goal of reducing that number by at least two-thirds before its contract expires...
Microsoft is reportedly considering legal action over Amazon and OpenAI’s new cloud deal. As the Financial Times (FT) reported Wednesday (March 18), the issue hinges on whether Amazon Web Services (AWS) can offer OpenAI’s new Frontier commercial product without breaking an agreement requiring all access...
Amazon CEO Andy Jassy said Tuesday (March 17) that the growth of artificial intelligence could drive the sales of the company’s cloud computing unit Amazon Web Services (AWS) to a level double that he previously expected, Reuters reported Tuesday. Speaking at an internal all-hands meeting,...
Target will begin lowering prices on 3,000 items this month in its latest move to support the company’s long-term, sustainable growth. The price reductions will generally be between 5% and 20% and will span select items across apparel, home, shoes, and “everyday essentials” such as baby...
Digital upgrades and artificial intelligence contributed to Ulta Beauty’s better-than-planned financial performance in the fourth quarter, Ulta Beauty President and CEO Kecia Steelman said Thursday (March 12) during an earnings call. The specialty beauty retailer saw year-over-year increases of 11.8% in net sales and 5.8%...
Amazon plans to hold its annual Prime Day sale a month earlier, scheduling it for late June this year rather than July as it did last year, Bloomberg reported Thursday (March 12), citing unnamed sources. Reached by PYMNTS, Amazon declined to comment on the report....
In the long contest between Amazon and Walmart, strategy has rarely been static. The headlines this week show that while Walmart is investing in supply chain automation, with 23 of its 42 regional distribution centers in the U.S. currently being retrofitted, Amazon is broadening what...
Petco plans to expand the range of consumables, supplies and services it offers for pets as it moves into the next phase of its operational plan, shifting its focus from cost savings to growth, Petco CEO Joel Anderson said Wednesday (March 11) during the company’s...
Amazon won an early legal victory this week when a federal judge issued a preliminary injunction blocking Perplexity from using the Comet browser’s artificial intelligence shopping agent to access password-protected parts of Amazon’s site and make purchases on behalf of users. The order, handed down...