Remove .Net Remove Retail Remove Web Services
article thumbnail

Walmart’s U.S. ecommerce sales top $10B as retail giant prepares to challenge Amazon Prime

GeekWire

The retail giant is increasingly going head-to-head with Amazon across digital and physical retail sales channels. Walmart’s ecommerce business in the United States grew 97% in the company’s second fiscal quarter, ended July 31, the retail giant reported Tuesday morning. retail sales kicked up in 2Q.

Retail 142
article thumbnail

Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon Web Services posted revenue of $22.1

.Net 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amazon will have a new CEO as Jeff Bezos transitions to executive chair later this year

The Verge

Andy Jassy , who currently serves as CEO of Amazon Web Services (AWS), will replace Bezos as Amazon CEO. Bezos has also prospered as head of the company, with skyrocketing wealth that ( until just a few weeks ago ) made him the single richest human on Earth, with a net worth of nearly $180 billion.

article thumbnail

Amazon delivers big earnings miss, Jassy warns Q4 will bring ‘several billion dollars of additional costs’

GeekWire

Net sales rose 15% to $110.8 For the first time in Amazon’s history, the company’s revenue from online and physical retail store sales represented less than 50% of its overall revenue for the quarter, due to steady increases in areas such as its Amazon Web Services cloud business and revenue from advertising.

.Net 124
article thumbnail

Jeff Bezos to hand over Amazon CEO role to Andy Jassy on July 5, anniversary of company’s creation

GeekWire

Jassy, the longtime leader of the Amazon Web Services cloud business, “is going to be an outstanding leader, and he has my full confidence,” Bezos said. In contrast, there are many successful, small, fast growing retailers that are doing incredibly well selling online. Where are they? They do not exist.

Retail 144
article thumbnail

Amazon stock rises after beating Q3 estimates with $143.1B in revenue, $9.9B in profits

GeekWire

Net income was $0.94 Amazon Web Services reported $23 billion in revenue for the third quarter, up 12%, matching the growth rate from the second quarter. Amazon Web Services: Amazon’s cloud business was up 12% at $23 billion, with $6.9 Revenue from third-party seller services was up 20% to $34.3

article thumbnail

Amazon’s carbon footprint shrank 3% last year — but AI-driven climate challenges loom

GeekWire

It called out the addition of 77 new signatories to The Climate Pledge, an initiative launched by Amazon in which entities commit to hitting net-zero carbon by 2040. Thanks in large part to its retail operations, Amazon has a significantly bigger footprint than the other two tech companies. Its emissions last year were 68.8

Energy 120