Amazon Plans To Launch Discount Web Store: Reports

RTTNews | Pred 143 dňami
Amazon Plans To Launch Discount Web Store: Reports

(RTTNews) - Amazon plans to launch a discount web store for selling low-cost apparel and other products directly shipped from warehouses in China, reports said citing a slide presentation in an invite-only meeting with Chinese merchants.

The move is said to help the e-commerce giant meet growing competition from discount online platforms Temua, a unit of PDD Holdings Inc., as well as online fashion retailer Shein.

The news comes as Amazon crossed the $2 trillion mark in market value for the first time on Wednesday.

In the meeting for third-party Chinese sellers, Amazon revealed its plan to introduce a new channel on its platform to sell fashion wear, household goods and other products that sell for less than $20 an item from China. They can weigh less than a pound, excluding edibles or liquids.

The Chinese sellers, who will be part of the new programme, would ship their products to an Amazon-run warehouse in China. The products then will be shipped onwards to its warehouses in the US.

As per the plan, the new direct-from-China discount store will appear in its own section of Amazon's website, which are now open only to invited sellers. The company will deliver ultra-low-cost goods directly from China in nine to 11 days.

Earlier this year, the company had begun to cut fees it charges merchants to sell low-priced clothing.

read more
Amazon To Expand Same-Day Prescription Deliveries To 20 More US Cities

Amazon To Expand Same-Day Prescription Deliveries To 20 More US Cities

Amazon revealed its plan to expand same-day delivery of medications to nearly half the US in 2025 by opening new pharmacies. Amazon Pharmacy, a digital-first pharmacy, will offer fast, free delivery of prescription medications in 20 more U.S. cities next year, more than doubling the number of cities, where customers can get Same-Day Delivery of their medications.
RTTNews | Pred 38 dňami
Amazon's Prime Big Deal Days Starting Oct. 8

Amazon's Prime Big Deal Days Starting Oct. 8

Amazon has unveiled deep discounts and millions of early holiday deals worldwide from top categories for Prime Members during Prime Big Deal Days, ahead of the upcoming holiday season. Starting October 8, the e-commerce giant is offering some of its lowest prices of the year so far on select products in various categories of electronics, home, toys, beauty, and apparel.
RTTNews | Pred 45 dňami
Amazon Offers Wage Hike, Free Prime Membership To Hourly Workers

Amazon Offers Wage Hike, Free Prime Membership To Hourly Workers

Amazon announced an increase in wages for its hourly warehouse workers along with other benefits, including a Prime subscription at no extra cost. Udit Madan, vice president, Amazon Worldwide Operations said the average total compensation package for hourly front-line employees across fulfillment and transportation network in the US would now be over $29 per hour.
RTTNews | Pred 59 dňami
Amazon Asks Employees To Return To Office 5 Days A Week

Amazon Asks Employees To Return To Office 5 Days A Week

Online retail giant Amazon.com Inc. is asking its employees to return to office five days a week, starting January 2025, according to CEO Andy Jassy. In a statement, which was also shared with Amazon employees, he presented a couple of changes to further strengthen the company's culture and teams. Amid the ongoing spread of coronavirus in 2020, Amazon as well as majority of tech companies...
RTTNews | Pred 61 dňami
Amazon To Invest GBP 8 Bln In UK To Expand AWS Data Centers

Amazon To Invest GBP 8 Bln In UK To Expand AWS Data Centers

Amazon Web Services or AWS, the cloud computing division of e-commerce giant Amazon.com Inc., announced plans to invest 8 billion pounds or around $10.45 billion over the next five years, to build, operate and maintain data centers in the U.K. The move is estimated to contribute 14 billion pounds to the UK's total Gross Domestic Product or GDP over the next five years through to 2028.
RTTNews | Pred 67 dňami
Oracle Stock Up On Q1 Profit Above Street, Deals With Amazon, Google

Oracle Stock Up On Q1 Profit Above Street, Deals With Amazon, Google

Shares of Oracle Corp. gained around 9 percent in the after-hours trading on Monday after the tech major reported higher first-quarter earnings above market estimates, and a dividend. The company also announced partnerships with Amazon Web Services, Inc., Google Cloud, and certain other global organizations for Oracle Database.
RTTNews | Pred 68 dňami
Amazon Prime Day To Offer Millions Of Deals Starting July 16

Amazon Prime Day To Offer Millions Of Deals Starting July 16

Amazon announced millions of deals with deep discounts for Prime members during the upcoming Prime Day event on July 16 and 17. Prime members will have exclusive access to shop more than 5 million deals from top brands worldwide during Amazon's 10th Prime Day Event this year. Starting July 16 at 12:01 a.m. PDT, for 48 hours, members can shop some of Amazon's lowest prices of the year so far
RTTNews | Pred 129 dňami
CPSC Recalls: Honda Motorcycles, Power Adapters, Hair Dryers, Children's Pajamas

CPSC Recalls: Honda Motorcycles, Power Adapters, Hair Dryers, Children's Pajamas

The U.S. Consumer Product safety Commission or CPSC has announced recalls including Honda off-road motorcycles, power adapters, hair dryers, and children's pajamas, citing various reasons. Torrance, California-based American Honda Motor Co. Inc., affiliated to Japanese automajor Honda Motor Co., has called back about 40,700 units of off-road motorcycles citing crash and injury risks.
RTTNews | Pred 135 dňami