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Amazon Makes Big Foray Into Health Care With Purchase of Pharmacy Startup PillPack


Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health-care business with a deal that will give the retail giant an immediate nationwide drug network. BigfoodShutterstock (Licensed) Remix by Jason Reed The move represents a formidable threat to pharmacy chains including Walgreens Boots Alliance Inc., which earlier Thursday reported tepid U.S. same-store sales, and rival CVS Health Corp. Walgreens was down 10 percent at 10:18 a.m. in New York, while CVS shares shed 8.9 percent. Terms of the deal weren’t disclosed. The transaction is expected to close in the second half of 2018, according to a [...]

Amazon Makes Big Foray Into Health Care With Purchase of Pharmacy Startup PillPack2018-06-29T16:30:25+01:00

Amazon has a new solution for the most annoying thing about receiving online-shopping orders


Amazon is ready to Hub to it. Its new Hub machine, which is basically an Amazon Locker for people who live in apartments, is now being offered to building management companies around the country. It was announced nearly a year ago and is already in use by 500,000 people who live in buildings managed or owned by AvalonBay, Fairfield Residential, Pinnacle, J.P. Morgan Asset Management, WinnResidential, and Equity Residential. The device is meant to provide a safe space for delivery people to stash packages — even ones that haven't been mailed by Amazon. Here's how it works: A delivery is [...]

Amazon has a new solution for the most annoying thing about receiving online-shopping orders2018-06-25T17:48:25+01:00

Amazon CEO Jeff Bezos is now worth a record $141 billion


Since June 1, the tech titan's net worth has grown over $5 billion and now totals $141.9 billion, according to the Forbes World's Billionaires list. That makes Bezos worth roughly $49 billion more than Bill Gates and about $60 billion more than Warren Buffett. This latest win for Bezos is just one of many he has enjoyed this year. REUTERS/Abhishek N. Chinnappa Amazon's customer base has remained loyal through the latest Prime price hike in exchange for a slew of services and perks, and the company's stock has continued to increase in value. Even Buffett now regrets not investing in [...]

Amazon CEO Jeff Bezos is now worth a record $141 billion2018-06-25T17:28:48+01:00

Amazon’s Brazilian Ambitions May Become Real Very Soon


To explain the potential of Brazilian eCommerce, a recent study by UPS in conjunction with comStore states: “Brazil, the fifth largest internet and mobile economy in the world is showcasing strong buyer demand for foreign retailers as 81% of Brazilian consumers confirm having made an online international purchase, mainly from China (63%). Sixty percent of surveyed respondents in Brazil cited better pricing as a top reason to make international purchases. These are a few of the consumer insights included in the latest UPS Pulse of the Online Shopper™ global study.” With so many Brazilians shopping online and even buying from [...]

Amazon’s Brazilian Ambitions May Become Real Very Soon2018-06-15T18:49:39+01:00

How Amazon got its name


Amazon was originally called "Cadabra." Amazon was originally called “Cadabra,” as in “abracadabra,” but CEO Jeff Bezos’ lawyer told him the reference to magic was too obscure. As a result, Bezos began browsing through the “A” section of the dictionary where he discovered the word “Amazon,” which seemed appropriate since it was earth’s largest river and he was building earth’s largest bookstore. David Ryder—Getty Images Naming your kid is hard: You don't want them to get made fun of in school; you don't want them to have to constantly instruct people on correct pronunciation. Naming your company is arguably just as hard: You don't [...]

How Amazon got its name2018-06-10T21:21:27+01:00

Everything you need to know about Amazon Prime Day 2018


What exactly is Prime Day and why does it exist? Prime Day is Amazon's annual retail holiday. It was introduced in 2015 as a one-day-only sales event that boasted more deals than Black Friday and also celebrated Amazon's 20th anniversary as a company. Though the first Prime Day was met with some disappointment, subsequent Prime Days have improved in both the quality and quantity of deals, and the event has been made available to more countries outside the US every year. Today, it is a global shopping event where Prime members can shop hundreds of thousands of deals sitewide, with [...]

Everything you need to know about Amazon Prime Day 20182018-06-10T20:14:04+01:00

Prime is now a brand in its own right


Amazon quietly updated the logos for all of its Prime services earlier this year, dropping the word Amazon. It signifies Amazon is taking Prime beyond the Amazon-branded ecosystem as it heads into Whole Foods stores and elsewhere. Earlier this year, Amazon refreshed its logos for its Prime services. Notably, it dropped the word "Amazon" altogether. Prime's old logo, (left) with the new one (right).Amazon In its new logo, Amazon Prime became simply Prime, Amazon Prime Video became Prime Video, and Amazon Prime Now became Prime Now. In place of Amazon's signature orange and yellow, Prime services now uniformly carry a [...]

Prime is now a brand in its own right2018-06-10T17:01:32+01:00

Amazon Delivery Drones Might be Coming Soon


Amazon-members might soon get their packages delivered by drones thanks to Amazon Prime Air, a drone-based delivery system the company continues to develop.  For now, aviation laws are keeping drone delivery grounded. But on Wednesday, E-tail giant Amazon came to the Bay Area to say the wait is almost over. Business and tech reporter Scott Budman reports. "We're really excited to bring this to our customers, of course," said Robert Champagne from Amazon Prime Air. "I really want to stress that it's not about what the operator wants to do with the vehicle, but ensuring that they're going to be safe [...]

Amazon Delivery Drones Might be Coming Soon2018-06-07T16:18:23+01:00

Amazon’s next big insurance move


Amazon’s latest moves suggest that it is looking to crack the insurance market. Most recently, the online behemoth has invested $12m in digital insurance start-up Acko Technologies. Before that, reports circulated that Amazon was seeking to set up a motor MGA with UK partners and was hiring people with insurance skills in London. The industry needs to be prepared for an entrance by Amazon, which could happen within the next 12 to 18 months, according to Altus consulting director of general insurance Mark Andrews. The industry must act Insurers need to be wooing the giant, says Andrews, and proving that [...]

Amazon’s next big insurance move2018-06-05T18:29:16+01:00

Why You Should Sell on Amazon


Amazon offers a wide variety of advantages, especially for those who wish to reach a larger and more diverse clientele, one that spends a lot of money online. Here are a few important reasons why you as a seller should jump on board the Amazon.com bandwagon: Large Number of Potential Customers The number of potential customers you can reach through Amazon.com is more than triple the number of potential eBay customers. Statistics estimates the number of Amazon.com customers at 300 million. In a recent Forbes article, the Trefis Team estimated the number of active eBay users at 120 million. If [...]

Why You Should Sell on Amazon2018-06-04T07:18:56+01:00