Welcome to RepricerExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.
Amazon is offering to pay its employees up to $5,000 if they agree to quit their jobs: Hayley Peterson at Business Insider UK reports that Amazon is dangling “The Offer,” as it’s called internally, in front of workers this week at the company’s warehouses and customer-service centres across the US. The strategy of paying people to quit might seem bizarre. But it’s actually a brilliant business move aimed at trimming the company’s ranks of its least-engaged workers. “We want people working at Amazon who want to be here,” Amazon spokeswoman Ashley Robinson said. Continue reading…
Jeff Bezos just revealed video of the massive 10,000-year clock being built inside a West Texas mountain: Sara Salinas at CNBC reports that Amazon’s Jeff Bezos just revealed video of a massive 10,000-year clock that’s being built inside a West Texas mountain. The clock is 500 feet tall and powered by the Earth’s thermal cycles, Bezos said in a tweet Tuesday. “It’s a special Clock, designed to be a symbol, an icon for long-term thinking,” a blog post signed by Bezos says. The clock has been in the works for nearly three decades and is designed to tick once a year. The century hand advances once every 100 years, and the cuckoo comes out on the millennium. Continue reading…
Amazon and Target are in a war over apparel: Lauren Thomas at CNBC reports that according to a new report from Coresight Research, Amazon and Target are in one of the biggest battles in apparel retail. In surveying more than 1,500 internet users over the age of 18, the group (formerly Fung Global Retail & Technology) found that shoppers who bought clothing and/or footwear on Amazon.com were most likely to have previously purchased those types of items from Target. Continue reading…
Walmart’s online challenge to Amazon falters: Anna Nicolaou at The Financial Times reports that Walmart‘s challenge to the might of Amazon in ecommerce stuttered over the holiday period, sending its shares tumbling. Walmart, the world’s biggest retailer by sales, said on Tuesday that it suffered a sharp slowdown in what had been a fast-growing online business, as logistical problems compounded the competitive pressure. Walmart shares were down 10% at their worst in Tuesday’s trading session, cutting the company’s market value by more than $30bn and reviving concerns across the retail sector about Amazon’s disruptive influence. Continue reading…
Amazon employees just accidentally dropped a big clue about where the new headquarters could be: Dennis Green at Business Insider UK reports that a news site in Arlington experienced an unusual spike in traffic to an article from December titled “County Wins Top Environmental Award from US Green Building Council” explaining how Arlington County was the first in the US to be selected for an environmental award. The news site says the story recently saw a spike of about 6,000 pageviews mostly referred from what it identifies as an internal Amazon.com page and speculates that the traffic spike indicates Arlington is being considered seriously. Continue reading…
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