An early industry-wide measure of retail sales is record high To basically flat Considering 7% inflation, fears of a sell-out in Q4 amid excess inventories and promotions seem exaggerated. strength When weakness Offset by the not so bad tide.
As PYMNTS predicted a month ago, Christmas isn’t as bad as you think It looks like it’s arrived, at least from a top-line revenue standpoint, but it remains to be seen how all that discounting, hectic, frantic last-minute fulfillment costs will affect revenue.
Much has been said and written about Amazon’s share price halving over the past year, but about 30% of that drop has happened in just the past three months since the e-commerce leader reported doing. Disappointing third quarter results Late October.
By the end of this month, when Amazon releases its fourth quarter results, half of the retail riddles are set to be answered. This comes nearly 90 days after Amazon promised investors and warned employees that it would “do more with less” going forward.
That strategy worked this week as the Seattle-based business was rounded up Headcount reduced to 18,000.
“Amazon has weathered uncertain and difficult economies in the past and will continue to do so,” said the CEO. Andy Jassy said in Update note Addressing employees this week, lamenting the bad news they shared, 98% of unaffected employees said the cuts would help Amazon pursue long-term opportunities with a stronger cost structure. I reassured you.
“I am optimistic that in this time when we haven’t been hiring on a large scale or cutting some roles, we’re going to be creative, resourceful, and crafty.” ” rushed into.
running a business
Indeed, Amazon and Walmart are aggressively pursuing other ways to drive growth and save costs while getting consumers the products they want as quickly as possible.
As part of that, Walmart Drone delivery updates The platform has grown to 36 stores in 7 states and completed over 6,000 deliveries.
According to the company’s report, the allure of 30-minute delivery has put items such as cookies and ice cream on the top five list of ordered items.
Amazon, which never loses on the tech side, announced this week that its Ring doorbell franchise has officially expanded to include the new Ring Car Cam.
so blog post, Amazon said it is currently taking discounted pre-orders for the new Car Cam for $199 ($50 less than retail price) and will start shipping the device to U.S. customers in February. Additionally, a Protect Go subscription monitoring service is available for $6/month or $60/year.
“We have expanded Ring over the years and now offer over 50 devices in five categories, including smart cameras, alarms and lights,” said the CTO of Amazon Ring. Josh Ross We are excited to introduce our product debut in a brand new category on our blog. Your car is an extension of your home and we are proud to invent new ways to protect it for you. I think
PYMNTS Data: Why Consumers Are Trying Digital Wallets
According to the PYMNTS survey, New Payment Options: Why Consumers Are Trying Digital Wallets, 52% of US consumers will try new payment methods in 2022, with many choosing to try digital wallets for the first time. bottom.