by Mike Duff | Jul 31, 2026 | Featured News, Retail Articles
Amazon reported that the AI and chips business generated by the AWS B2B operation drove sales in the second quarter, along with significant gains in product revenues, as the company previewed a formula to pass some of its $600 million in IEEPA tariff refunds directly... by Mike Duff | Apr 30, 2026 | Retail Articles
In the first quarter, Amazon beat Wall Street estimates as it continued to expand its product selection while also working to refine agentic AI into an ever more effective sales tool. Net income was $30.26 billion, or $2.78 per diluted share, versus $17.13 billion, or... by Mike Duff | Apr 9, 2026 | Retail Articles
In his annual letter to shareholders reviewing 2025, Amazon CEO Andy Jassy emphasized the company’s AWS and AI chip businesses but also pointed to developments across its retail operations, which he said are well-positioned for continued growth. Among his... by Mike Duff | Mar 2, 2026 | Retail Articles
Amazon announced it has struck a fresh deal with OpenAI in a multi-year strategic partnership designed, according to Amazon, to accelerate AI innovation for enterprises, startups and end consumers around the world. Amazon said it will invest $50 billion in OpenAI,... by Mike Duff | Jan 29, 2026 | Retail Articles
The restructuring launched recently by Amazon continues with the announcement by the company in a blog post that it would eliminate 16,000 positions. In October of last year, Amazon revealed it would lay off 14,000 employees. And, just days ago, Amazon unveiled a... 