Amazon on Friday announced that it has inked a deal to acquire Whole Foods Market for close to $14 billion in cash. The agreement includes assumption of Whole Foods' net debt. Whole Foods will run as a wholly independent subsidiary of Amazon. It will continue to operate stores under its own brand and source products from vendors and partners. Cofounde...
Amazon unveiled its first Prime Air plane during the Boeing Seafair Air Show in Seattle. The company has undertaken an ambitious effort to gain control of its massive distribution network for delivery of goods to its retail customers. The plane, dubbed "Amazon One," is a Boeing 767-300 operated by A...
Walmart on Monday announced that it plans to acquire Jet.com, paying $3 billion in cash and another $300 million worth of Walmart shares. With the acquisition, "Walmart.com will grow faster, the seamless shopping experience we're pursuing will happen quicker, and w''ll enable the Jet brand to be eve...
Like many, I have a love-hate relationship with warehouse clubs like Costco, Sam's Club and BJ's. I've criticized them several times over the years, but it's worth noting that some of these clubs have been improving. Others not so much. I have some ideas about what these companies are doing right an...
Walmart on Monday announced it will release all 2,000 Cyber Monday deals at 8 p.m. EST Sunday. That and other retailer moves are making it look as if Cyber Monday might be a nonevent this holiday season: Amazon is running an eight-day Black Friday sale that will take it through Cyber Monday, leading...
Some proposed federal rules on the export of security tools created a tumult in cybersecurity circles -- a tumult that's pushed the rules into limbo. The comment period for the rules, which the U.S. Department of Commerce first aired in May, ended July 20 -- and although the regulations have noble i...
Amazon has been in its prime for quite some time, but there's a new show in town, and it claims that its prices are lower. Online merchant Jet opened its inventory of millions of products to consumers on Tuesday. While Amazon's Prime subscription service offers consumers extra perks for $99 a year, ...
Instacart on Tuesday announced it has raised $220 million, following a $44 million investment round in June of last year. The company uses a fleet of personal shoppers, who are independent contractors, to purchase and deliver items to customers. "The two main differentiators for Instacart are our fo...
Some Barnes & Noble customers in Manhattan, West Los Angeles, and the San Francisco Bay Area will be able to get same-day delivery of their purchases through Google Shopping Express, according to media reports that surfaced Thursday. Barnes & Noble CEO Michael Huseby described the teamup as ...
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