Money and Finance
- Jeff Bezos Pays $250 Million For The Washington Post
In an ironic twist for a tycoon whose company has always kept its distance from the press, Amazon founder Jeff Bezos has agreed to pay $250 million cash for The Washington Post. The purchase takes the newspaper out of the hands of the Graham family,...
- I Want It Today
Amazon has long enjoyed an unbeatable price advantage over its physical rivals. When I buy a $1,000 laptop from Wal-Mart, the company is required to collect local sales tax from me, so I pay almost $1,100 at checkout. In most states, Amazon is exempt...
- Competing With Amazon On Amazon
Thousands of small merchants depend on Amazon.com Inc. to reach customers who otherwise wouldn't know they exist. A few of them complain, though, that Amazon sometimes eats their lunch. According to some small retailers, the Seattle-based giant appears...
- Amazon Launches Text-message Shopping
Amazon.com Inc.'s brick-and-mortar competitors have yet another reason to fear the Web: a new service that lets shoppers compare prices and buy things with a few quick taps on their cell phones.-Amazon TextBuyIt, which launched late Tuesday, lets...
- Wal-mart (wmt) Dividend Stock Analysis
It's been over a year since I last looked at Wal-Mart (WMT) and I like what I see. I actually missed picking up some shares yesterday by $0.01. The joys of setting limit orders. I wanted to revisit this dividend champion discount retailer. Wal-mart closed...
Money and Finance
Amazon said to launch Pantry to take on Costco, Sam's
Amazon.com is working on a new business called Pantry that will help it expand further into the giant consumer package goods market and take on warehouse club stores Costco and Wal-Mart's Sam's Club, according to three people familiar with the effort.
Pantry, which is run by Billy Hegeman, a senior manager in vendor management and consumables at Amazon, is currently set to launch in 2014, the people said on condition of anonymity. They did not want to be identified because Amazon's plans are still private.
Amazon spokesman Scott Stanzel declined to comment Thursday afternoon.
The service will be targeted at existing members of Amazon's Prime shipping program. It will launch with about 2,000 products typically found in the center of grocery stores, such as cleaning supplies, kitchen paper rolls, canned goods like pet food, dry grocery items like cereal and some beverages.
Amazon will let Prime shoppers put as many of these items into a set sized box, up to a specific weight limit. If the products fit and they don't exceed the maximum weight, Amazon will ship the box for a small fee.
- Jeff Bezos Pays $250 Million For The Washington Post
In an ironic twist for a tycoon whose company has always kept its distance from the press, Amazon founder Jeff Bezos has agreed to pay $250 million cash for The Washington Post. The purchase takes the newspaper out of the hands of the Graham family,...
- I Want It Today
Amazon has long enjoyed an unbeatable price advantage over its physical rivals. When I buy a $1,000 laptop from Wal-Mart, the company is required to collect local sales tax from me, so I pay almost $1,100 at checkout. In most states, Amazon is exempt...
- Competing With Amazon On Amazon
Thousands of small merchants depend on Amazon.com Inc. to reach customers who otherwise wouldn't know they exist. A few of them complain, though, that Amazon sometimes eats their lunch. According to some small retailers, the Seattle-based giant appears...
- Amazon Launches Text-message Shopping
Amazon.com Inc.'s brick-and-mortar competitors have yet another reason to fear the Web: a new service that lets shoppers compare prices and buy things with a few quick taps on their cell phones.-Amazon TextBuyIt, which launched late Tuesday, lets...
- Wal-mart (wmt) Dividend Stock Analysis
It's been over a year since I last looked at Wal-Mart (WMT) and I like what I see. I actually missed picking up some shares yesterday by $0.01. The joys of setting limit orders. I wanted to revisit this dividend champion discount retailer. Wal-mart closed...