Amazon Disappoints Wall Street in Q4, Shares Plunge


The burgeoning storage and delivery costs are the reasons that the company officials argue to be the risen for missing the estimates.

“By comparative retail standards, Amazon’s level of profitability is still painfully weak”, Neil Saunders, head of retail analyst firm Conlumino, told Reuters. According to App Annie that provides app market data, in the 12 months till October 2015,’s app downloads grew over 3,200 per cent. Operating income was $2.2bn, compared with operating income of $178m in 2014. Analysts expected the segment to post $2.38 billion in revenue, according to a StreetAccount consensus estimate. This resulted in tumbling of the stocks from $635.35 in normal trade to below $550 at the close of Thursday. The company’s profits more than doubled year-on-year during the fourth quarter from $214 million in 2014 to $482 million in 2015.

An Anonymous Website Is Asking for Amazon Employees’ Horror Stories


An anonymous online group wants Jeff Bezos’s attention. They’ve published roughly 80 stories from people who claim to be former or current Amazon employees, and they say they’re willing to launch a labor movement in order to address problems at his company.

are the type of employee testimonials a company might want to see publicized. (Amazon, for its part, declined to comment for this story.) Many of them echo last summer’s blockbuster New York Times article about Amazon’s “bruising” workplace culture inside its corporate offices—a thoroughly researched piece that Amazon fired back at with a Medium post from former-White-House-press-secretary-turned-Amazon-exec Jay Carney. In it, Carney accused the Times of sensationalism and a failure of journalistic standards.

Amazon reportedly plots mall outlets: Making sense of the last commerce mile

I think it is 38% of e-commerce purchases for soft goods that are bought online and return to the bricks and mortar store. So to really get a true and proper understanding until the retailers start to show you exactly what the return rate is and how it is being impacted is really hard to evaluate in this omnichannel world why one growth is bigger than the other because you have to take the return rates into account which really no one does.

Amazon holiday shipping, Christmas Eve deliveries set record

Online retailer Amazon has been a prime beneficiary of more consumers doing their holiday shopping online and procrastinating.

Amazon Prime, the company’s $99-a-year loyalty program that includes unlimited free two-day shipping, gained 3 million new members in the third week of December alone. Meanwhile, the number of Prime members shopping via mobile more than doubled this holiday season, Amazon said Monday.

Christmas Eve was the biggest day yet for deliveries by the company’s Prime Now service, which now offers free two-hour delivery to more than 20 metropolitan areas. When Prime Now launched last year, it only delivered within Manhattan.

Seattle-based Amazon also said it shipped a record number of items worldwide for the holidays, with items going to 185 countries.

The 20-year-old company is profiting from major trends reshaping holiday shopping in the U.S.

More and more people do part or even all of their shopping online, increasingly using mobile devices such as tablets and smartphones to “window shop” and then buy items from their couch or their desk at work. Retailers are deluging consumers with e-mail offers for online-only deals.–finance.html

Amazon adds 3 million Prime subscribers

Amazon adds 3 million Prime subscribers

US online giant Amazon says it added three million customers to its Prime subscription service worldwide in the third week of December as it capped a record holiday season.

Prime, which costs $99 a year in the United States, gives members fast shipping options as well as access to its streaming video, music and other services.

Prime is seen as a way to get more customers into the Amazon ecosystem, including its video service that competes with rivals like Netflix and is investing heavily in its own programming.

“Over 200 million more items shipped for free with Prime this holiday, and members doubled their viewing hours of Prime Video compared to last year,” Amazon founder and chief executive Jeff

Amazon will sue 1,100 fake reviewers

01_NH18AMA_1185746k AMAZON, the world’s largest online marketplace, is suing more than 1,000 people suspected of selling fake reviews in one of the biggest legal actions to uncover hidden identities on the internet.

The web giant is mounting the unprecedented court action to strip 1,114 alleged fake reviewers of their anonymity and force them to pay damages for the “manipulation and deception” of Amazon customers, according to court documents filed in America on Friday.

Amazon hiring staff for new restaurant division in Seattle, New York Inc is adding staff for a new division dedicated to restaurants in Seattle and New York, with indications the unit is trying to rapidly expand a meal delivery service, according to posts on LinkedIn and the company’s jobs site.

Amazon, which declined to comment on Friday, is best known as a place to buy millions of products including books and electronics. It has increasingly moved into services, offering customers the ability to book everything from plumbers to local getaways.