E-commerce giant Amazon reported its fourth-quarter 2020 financial results, confirming net sales of $126 billion, the first quarter in which the retailer has surpassed $100 billion. In total, the fourth-quarter revenue stands 44 percent above the same period in 2019, …
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Sears and Amazon Share Similar Pasts, Divergent Futures
Click the picture to download a PDF of this story. By Todd Taber, ttaber@nrha.org Reinvention of the Retail Giant Founded nearly a century apart, Sears and Amazon echo one another through the decades. Both companies began as small startups indistinguishable from most. Sears …
Read More »Amazon Cancels Plans to Build HQ2 in New York
Amazon has canceled plans to build one of the sites of its second headquarters in New York City, reports The New York Times. After being granted nearly $3 billion in financial incentives, the online giant faced stiff criticism from some …
Read More »Amazon Chooses Two Cities for Second Headquarters
After nearly a year of cities across North America vying to land Amazon HQ2, the company’s second headquarters, Amazon says it has decided to split the location between two cities. The company announced New York City and Arlington, Virginia, will …
Read More »Price Increasing for Amazon Prime Memberships in May, June
Amazon is increasing the annual price of its membership program, Amazon Prime. Currently, a Prime membership costs $99 per year, but that price will bump up 20 percent to $119 on May 11 for new subscribers, according to Amazon. Prime …
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