Welcome to RepricerExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.
Amazon is expected to report its fourth straight quarter of over $1 billion in profits: Eugene Kim at CNBC reports that Amazon is expected to report a third-quarter profit of $3.09 per share, or roughly $1.5 billion. That would make it the fourth straight quarter that Amazon has topped $1 billion in profit. Amazon’s profit expansion is primarily driven by the growth of its high-margin businesses, like its cloud, advertising and third-party seller services. Continue reading…
Amazon opens pop-up fashion shop in central London: Sarah Butler at The Guardian reports that Amazon has opened its first British fashion store, in the form of a central London pop-up where the retailer is seeking shoppers’ views on its clothing ranges, prices and store experience. The Baker Street pop-up is the first of its kind in Europe. It will be open for a week, during which time it will host events including denim customisation by Pepe Jeans and beauty trend discussions with Vogue’s Jessica Diner. Continue reading…
Amazon pitched US immigration agency ‘flawed’ facial recognition tool: Hannah Boland at The Telegraph reports that Amazon executives met with the US immigration agency this summer to pitch the company’s facial recognition technology. According to emails obtained by non-profit organisation Project on Government Oversight, Amazon Web Services presented a range of tools to the US Immigration & Customs Enforcement (ICE), at a meeting in June, including Rekognition software which aims to identify people in surveillance footage. Continue reading…
The cashierless Amazon Go store just opened in San Francisco: Nick Bastone and Katie Canales at Business Insider UK reports that the cashierless Amazon Go store opened in San Francisco. Amazon Go is the company’s vision for the future of shopping. The store uses cameras, sensors and other technology to track the goods you pick off the shelves and automatically charges it to your account when you walk out. No waiting in line. Continue reading…
How Amazon’s retail revolution is changing the way we shop: Nick Statt at The Verge reports that in the course of a single generation, Amazon has grown from fledgling online bookseller to one of the most valuable and powerful corporations in modern history. The empire of CEO Jeff Bezos has grown so vast that critics, overseas regulators, and Washington politicians are all now wondering whether the company has become an unstoppable force, and what, if anything, is capable of reining in its reach. Continue reading…
Bonus: 6 Great Black Friday Tips for Amazon Sellers
Quote of the week:
“You learn more from failure than from success. Don’t let it stop you. Failure builds character.”
Unknown
Happy weekend!
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