Payments News

On The Web

nbsp;

Companies

Amazon Will Consider Opening Up to 3,000 Cashierless Stores by 2021

“Amazon.com Inc. is considering a plan to open as many as 3,000 new AmazonGo cashierless stores in the next few years, according to people familiar with matter, an aggressive and costly expansion that would threaten convenience chains like 7-Eleven Inc., quick-service sandwich shops like Subway and Panera Bread, and mom-and-pop pizzerias and taco trucks.”
nbsp;

Companies

Amazon Go Opens 1st Store Outside Seattle in Chicago

“While there are some products from local Chicago vendors, the product line is little changed from the Seattle stores, according to Gianna Puerini, VP of Amazon Go, in a Chicago Tribune report. Offerings include meal kits for two, grab-and-go sandwiches, salads and snacks as well as other convenience foods. No hot prepared food is available, simply to avoid […]
nbsp;

Companies

Amazon Makes Good on Business-to-Business Threat

“On Tuesday, it said that platform, Amazon Business, had hit an annualized rate of $10 billion in global sales. That compares with $1 billion in U.S. sales in its first year of existence before Amazon expanded the platform into other countries including the U.K., Germany and Japan. For context, W.W. Grainger Inc., the largest U.S. industrial […]
nbsp;

Companies

Amazon Go Expands into East Coast with 1st NYC Store

“Amazon is planning to open one of its cashierless convenience concepts in New York, evidenced by several listings posted on the ecommerce giant’s jobs page. The Seattle-based company is seeking at least three positions for a planned Amazon Go store in the Big Apple: store manager, assistant store manager and training lead associate. The new store […]
nbsp;

Companies

Introducing Amazon 4-star

“We created Amazon 4-star to be a place where customers can discover products they will love. Amazon 4-star’s selection is a direct reflection of our customers—what they’re buying and what they’re loving. We started with some of the most popular categories on Amazon.com including devices, consumer electronics, kitchen, home, toys, books, and games, and chose only […]
nbsp; nbsp;

Companies

Amazon adds new Business Prime benefits, including a credit card

“Amazon on Tuesday rolled out new benefits for its Amazon Business Prime members, including access to a new credit card offered jointly with American Express. The AmazonBusiness American Express Card, for US customers, has no annual fee, and it offers businesses 5 percent back or 90-day interest-free payment terms on eligible purchases. The card could help Amazon reach more […]
nbsp;

Companies

Does Amazon Lose on Retail? Numbers Say No

“A recent article from The Information detailing Amazon’s current retail profits calls into question an assertion occasionally made about Amazon’s retail operations. It is sometimes argued that Amazon (as well as other large tech firms) operates some parts of their business at a loss, particularly during growth phases. The article outlines that Amazon’s U.S. retail operations do not, in […]
nbsp;

Companies

Secret Amazon brands are quietly taking over Amazon.com

“Amazon’s private label business is booming, on pace to generate $7.5 billion this year and $25 billion by 2022, according to estimates from investment firm SunTrust Robinson Humphrey. To accelerate that growth, the company is inviting manufacturers to create products exclusively for its collection of private brands.”
nbsp;

Companies

New York City’s first Amazon Go cashierless store will open near the World Trade Center

“Amazon’s version of a futuristic 7-Eleven store is coming to New York City, and it’s going to be located inside a shopping and office complex across from the World Trade Center, Recode has learned. Amazon plans to unveil the cashierless convenience store inside Brookfield Place, formerly known as the World Financial Center, in Manhattan’s Battery Park City neighborhood.”