retail therapy
Best Buy should be dead, but it’s thriving.
Similar to the above story about discount softlines retailers, Bloomberg explains why Best Buy hasn’t been killed off by Amazon. | learn more
Tag: amazon
retail therapy
The Amazon rocket just keeps flying higher.
“Amazon reported sales of $52.9 billion for the second quarter, up 39 percent from the year-ago period when it saw $38 billion. For the April quarter, retail rival Walmart grew sales by $5 billion year over year and brick-and-mortar retailer […]
retail therapy
Whole Foods’ suppliers shifting from shelves to screens.
“An outcome of Amazon’s acquisition of Whole Foods: Food businesses are redesigning their packaging and product formulas to better sell on the web.” | learn more
tech, startups, internet
Inside Amazon’s competition to make Alexa chat like a human.
“Amazon’s Alexa Prize is a multimillion-dollar competition to build AI that can chat like a human. On the face of it, Amazon isn’t asking much: just create a chatbot using Alexa that can talk to a human for 20 minutes […]
retail therapy
Tour of Amazon warehouse that ships supersized purchases.
Amazon has a special 1.2 million-square-foot facility in Fall River, MA that handles big bulky items. | learn more
big ideas
Remember to think long-term.
“Installation has finally begun on Jeff Bezos’ 10,000-year clock, a project that the Amazon CEO has invested $42 million in. The actual idea for the clock comes from Danny Hillis, who originally proposed a 10,000-year clock in 1995 as a […]
retail therapy
Amazon’s warehouses embrace chaos.
You’d be forgiven for thinking Amazon keeps their warehouses organized. By eschewing the concept of fixed stocking locations, Amazon has managed to increase the efficiency of their warehousing and fulfillment. | learn more
retail therapy
Ex-Walmart CEO doesn’t like Amazon.
This week in irony, former Walmart CEO Bill Simon complains that Amazon’s prices are too low, putting retailers out of business! Oy vey. | learn more
tech, startups, internet
How Amazon’s startup fund bets on Alexa.
“Enter the Alexa Fund. Born with a $100 million investment from Amazon in 2015, the year after the debut of the Echo, the fund is part of the company’s effort to identify more Alexa-showcasing companies and products around the world.” |learn […]
retail therapy
Supreme Court to decide on online sales tax.
“Internet Retailer asked retailers and consumers how they think a ruling—expected by the end of June after arguments this spring—will impact them.” Notably, this isn’t impactful for Amazon because they already collect sales tax everywhere. It’s also inevitable, in my […]