By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Seattle — Amazon.com said that customers can trade in their used devices (including iPhones, iPads and iPods) in exchange for up to $460 (depending on the device) in Amazon gift cards through Amazon’s Trade-In program.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Seattle — Amazon.com is looking to bring in more than 5,000 workers to staff its growing network of U.S. distribution centers.
The No. 1 e-tailer operates more than 40 warehouses across the country, and opened eight in the last year alone as it seeks to improve order fulfillment and reduce delivery time.
Seattle - Amazon.com reported 22 percent higher sales but a $7 million net loss in the second quarter ended June 30.
Net loss was $7 million in the second quarter compared with net income of $7 million in second quarter 2012.
Net sales increased 22 percent to $15.70 billion in the second quarter, compared with $12.83 billion in second quarter 2012. Excluding the $392 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 25 percent compared with second quarter 2012.
Back in 2000 I called an executive a major CE manufacturer to inform him that Amazon.com was carrying his company’s products. He adamantly said, “That’s impossible. We have not authorized any website to sell our products!”
Today can you imagine any major CE brand not wanting to be carried online today, especially Amazon?
Back then a lot of veteran retailers began yelling, “The sky is falling!” when discussing online retailing and Amazon in particular.
Seattle – Continued investments in content and the impact of unfavorable foreign exchange rates let to a sharp drop in Amazon.com’s first-quarter earnings.
Net income fell 37 percent to $82 million for the three months, ended March 31, while net sales climbed 22 percent to $16 billion. A $302 million impact from unfavorable exchange rates shaved 2 percentage points from the sales tally.
Operating income slipped 6 percent to $181 million, reflecting a $12 million hit from the currency fluctuations.
Apple may still not be ready to launch its long-anticipated and speculated-on iTV, but that’s apparently not stopping a couple of other industry giants from moving forward with ambitious online video streaming entertainment devices.
A number of experiments are currently underway by big-box chains to leverage their real estate and ally with Internet companies to better compete with e-tailers.
Waban, Mass. — Sam’s Club and Amazon.com provide the best customer experience in retail, a survey of 10,000 shoppers revealed.
Conversely, RadioShack came in last place among retailers for the third consecutive year; T-Mobile, Sprint and AT&T carrier stores were deemed only marginally better; and Best Buy, Walmart and, surprisingly, Apple Stores were given middling ratings of just “OK,” according to the online poll, conducted in January by The Temkin Group.
Seattle — Amazon is pumping up tablet competition by dropping the prices of its Kindle Fire HD 8.9 tablet by $30 for the Wi-Fi version and by $100 for the 4G version.
Both versions became available in the U.S. late last year. Amazon cited the economies of scale that will accrue now that it has opened up distribution to Europe and Japan.
While there’s no question that Amazon.com is siphoning off sales from physical stores, retailers’ biggest competitors still remain … other retailers.
A recent survey of 1,000 consumers by market research firm ClickIQ showed that Amazon isn’t always the biggest beneficiary of showrooming, and that Best Buy isn’t the only big-box chain facing the phenomenon.