Amazon Says ‘Extensive’ Fraud Allowed Cybercriminals to Siphon Cash From Seller Accounts – Gizmodo

Amazon Says ‘Extensive’ Fraud Allowed Cybercriminals to Siphon Cash From Seller Accounts – Gizmodo

An Amazon fulfillment center in Baltimore, 2017.Photo: Patrick Semansky (AP)UK legal documents obtained by Bloomberg show that e-commerce titan Amazon fell prey to “extensive” fraud that allowed cybercriminals to obtain access to around 100 seller accounts and transfer cash into their bank accounts, with the company confirming to the news agency that it had completed…
How Amazon, scourge of physical retailers, is doubling down on physical retail – Yahoo Finance

How Amazon, scourge of physical retailers, is doubling down on physical retail – Yahoo...

Amazon brought its cashier-less Amazon Go store concept to New York City on Tuesday, with a twist—this Go store accepts cash.It is the 12th Amazon Go store in the U.S., the first in New York, and the first to accept cash. And Amazon plans to start accepting cash at all the other Go stores too.The shift to…
Amazon Go opens for the first time in New York. And the cashier-free store will accept cash – CNBC

Amazon Go opens for the first time in New York. And the cashier-free store...

The Amazon Go grocery store at the Amazon corporate headquarters in Seattle, Washington.David Ryder / Stringer | Getty ImagesAmazon is finally bringing its cashier-less convenience store to New York. And it will also mark the first time this type of store, called Amazon Go, accepts cash.The e-commerce company announced Tuesday that Amazon Go is opening…
Amazon And Industrial REITs: An Incredible Tailwind, But Future Looks Cloudy – Seeking Alpha

Amazon And Industrial REITs: An Incredible Tailwind, But Future Looks Cloudy – Seeking Alpha

On February 15, 2019, shares of XPO Logistics (NYSE:XPO) fell 14% after the company announced that it was losing some contracts with Amazon (NASDAQ:AMZN). XPO is a third party logistics provider (or 3PL) that received $900 million in revenue from AMZN in 2018 for delivering packages to its customers. Because of AMZN’s decision to self-perform…
Amazon Prime moving to one-day shipping is ‘money well-spent,’ say analysts – Yahoo Finance

Amazon Prime moving to one-day shipping is ‘money well-spent,’ say analysts – Yahoo Finance

Amazon Prime is moving from standard two-day to one-day shipping. Source: AP Photo/Mark Lennihan, FileAmazon Prime’s move from two-day to one-day shipping this year is a prudent one, even if it comes at a significant cost for the Seattle tech giant, say analysts.Amazon (AMZN) surprised Wall Street analysts during its fiscal first-quarter 2019 earnings call…
Amazon to offer free one-day Prime shipping – Android Police

Amazon to offer free one-day Prime shipping – Android Police

Amazon revolutionized online shopping and quickly became one of the most ubiquitous and successful businesses in the world. This is in part owed to it always being on the forefront of reinvestment without pausing to actually earn money. To get ahead of its retail competitors, the company announced that it's working on bringing free one-day…
Amazon beats optimistic profit expectations for Q1 – TechCrunch

Amazon beats optimistic profit expectations for Q1 – TechCrunch

Amazon announced today that it has beat Wall Street’s already optimistic Q1 projections. The e-commerce giant’s revenues have slowed a bit, contributing to moderate fluctuations in after-hours trading, but the company greatly benefits by ever-increasing profit margins. Net income for the quarter hit $3.6 billion, a new record for the company. Much of those inflated…
Amazon Prime to be 1-day shipping instead of 2 – WTHR

Amazon Prime to be 1-day shipping instead of 2 – WTHR

Published: Apr 25th, 2019 - 7:11pm (EDT)Updated: Apr 25th, 2019 - 7:12pm (EDT) NEW YORK (AP) - Amazon says its free shipping for Prime members will be even faster, promising one-day shipping on most items instead of two-day delivery.The company didn't say when the change would happen, but says it has been growing its warehouses…
Amazon Prime two-day shipping will go down to one day – CNET

Amazon Prime two-day shipping will go down to one day – CNET

AP Images for Amazon Two-day unlimited shipping is likely Amazon's most popular perk for its Prime members, and it's about to get even better.Amazon finance chief Brian Olsavsky said on an earnings call Thursday that the company is working to change the two-day shipping program to just one-day shipping. He said Amazon is already spending heavily…
Amazon is shutting down its China marketplace business. Here’s why it has struggled – CNBC

Amazon is shutting down its China marketplace business. Here’s why it has struggled –...

SOPA Images | LightRocket | Getty Images In this photo illustration a American electronic commerce and cloud computing company Amazon logo is seen on an Android mobile device with People's Republic of China flag in the background. (Photo Illustration by ) Queenie Liao, an office worker in Guangzhou, China, shops online several times a week.…

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