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CEO Jassy Details Amazon’s ‘Primitive’ Approach To Creating New Tech Advantages

CEO Jassy Details Amazon’s ‘Primitive’ Approach To Creating New Tech Advantages

by Mike Duff | Apr 11, 2024 | Featured News, Retail Articles

Amazon president and CEO Andy Jassy, in his annual letter to shareholders, detailed how the company is building new capabilities and services, highlighting how generative AI would fit into its operation. Jassy said in the letter Amazon gives a lot of thought to how...
Amazon Spring Sale Posted Modest Gains but Represented Turnaround

Amazon Spring Sale Posted Modest Gains but Represented Turnaround

by Mike Duff | Apr 3, 2024 | Retail Articles

Held from March 20-25, Amazon’s inaugural Big Spring Sale generated a modest 3.1% lift in sales versus the average trailing four weeks, according to Earnest credit card data. The result represents a small acceleration from the seasonal lift that occurred in the same...
Amazon Kicking Off First ‘Big Spring Sale’ March 20

Amazon Kicking Off First ‘Big Spring Sale’ March 20

by Mike Duff | Mar 14, 2024 | Retail Articles

Amazon is launching its first-ever Big Spring Sale from March 20 through March 25, an initiative that focuses on what the company calls seasonally relevant items. Outdoor furniture, lawn and garden essentials, cleaning and organizing products and spring fashion are...
Mintel: Amazon-Weary Gen Zers Want More Personalized E-Commerce Experience

Mintel: Amazon-Weary Gen Zers Want More Personalized E-Commerce Experience

by Mike Duff | Feb 16, 2024 | Retail Articles

Although Amazon remains the most browsed brand for online shoppers in the United States, different demographic groups have multifaceted and evolving opinions of the e-commerce giant, with almost half of Gen Z backing away from it, according to market researcher...
Amazon Touts AI Advances in Exceeding Q3 Expectations

Amazon Touts AI Advances in Exceeding Q3 Expectations

by Mike Duff | Oct 27, 2023 | Featured News, Retail Articles

The third quarter saw Amazon blow by financial expectations and finish with almost $10 billion in profits. Net income increased to $9.88 billion in the third quarter, or 94 cents per diluted share, versus $2.87 billion, or 28 cents per diluted share, in the...
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