Tag Archives: Amazon

Amazon cuts Whole Foods prices

Whole Foods

Science & Tech Desk: On Wednesday, Whole Foods debuted a much-anticipated loyalty program that offers special discounts to Prime customers, including 10 percent off hundreds of sale items and rotating weekly specials such as $10 per pound off wild-caught halibut steaks. Those perks are available now in Florida and will roll out to all other stores starting this summer. Amazon previously announced free two-hour delivery from Whole Foods stores for members of Prime, its subscription club with fast shipping and video streaming. The new loyalty strategy will test whether Amazon’s $13.7 billion deal for Whole Foods brings much-feared disruption and ...

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Amazon introduces ‘no checkouts’ supermarket

Whole Foods

MNA Business Desk: In a move that could revolutionize the way we buy groceries, Amazon opens its first supermarket without checkouts — human or self-service — to shoppers on Monday. Amazon Go, in Seattle in the US, has been tested by staff for the past year, reported news agency. It uses an array of ceiling-mounted cameras to identify each customer and track what items they select, eliminating the need for billing. Purchases are billed to customers’ credit cards when they leave the store. Before entering, shoppers must scan the Amazon Go smartphone app. Sensors on the shelves add items to ...

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Apple, Amazon to invest in Saudi Arabia

mapping

MNA science & Tech Desk: A third source confirmed that Apple was in talks with SAGIA, Saudi Arabia’s foreign investment authority. Both companies already sell products in Saudi Arabia via third parties but they and other global tech giants have yet to establish a direct presence. Amazon’s discussions are being led by cloud computing division Amazon Web Services (AWS), which would introduce stiff competition in a market currently dominated by smaller local providers like STC and Mobily. Riyadh has been easing regulatory impediments for the past two years, including limits on foreign ownership which had long kept investors away, since ...

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Wal-Mart looks overseas for online vendors

vendors

MNA Science & Tech Desk: Walmart.com, trailing Amazon.com Inc in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart’s Made-in-America campaign. While there is a financial incentive behind the move, Wal-Mart’s decision comes out of necessity: not all the goods its customers want – ranging from jeans to bicycles to beauty products – are manufactured within the United States. Americans are quick to say they favor US-made products. But their mood shifts when the products hit the store aisles, where they ...

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Amazon to acquire Whole Foods Market

Whole Foods Market

MNA Science & Technology Desk: Amazon is going to acquire upscale US grocer Whole Foods Market, in a deal that underscores the online giant’s growing influence in the economy. The purchase in one fell swoop gives Amazon, which until now has operated almost entirely on the internet, a big presence in the brick-and-mortar world on Main Street, with more than 450 stores in the US, Canada and Britain. In the $13.7 billion, all-cash deal, Amazon will buy the Texas-based champion of organic and specialty food for $42 a share. Whole Foods’ shares traded in the mid-$30 range for May and ...

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Amazon surged profit with cloud

profit

MNA Technology Desk: Online giant Amazon on Thursday said that profit in the second quarter surged nine-fold with cloud computing and other services assisted produce a fifth successive profit. Net profit flew to $857 million from $92 million a year earlier. Revenues hopped 31% to $30.4 billion, Amazon said in stronger-than-expected results. While Amazon advanced a status for transporting little or no profit in its retail processes, its incomes have been growing over the past year as it expands into video and new delivery services and boosts its cloud computing unit, Amazon Web Services (AWS). The strong profit came a ...

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Microsoft wins battle with US over data privacy

privacy

MNA Technology Desk: Microsoft wins battle with US on an order to hand over a customer’s email that was stored in Ireland, dealing the US government the latest hindrance in its fight with the tech industry over the reach of law enforcement and the limits of personal data privacy. A US appeals court ruled that the country’s courts could not issue warrants forcing data stored abroad to be turned over, refusing an earlier ruling from a New York court that found Microsoft in contempt for not helping in a tranquilizers case. Microsoft had campaigned hard against the warrant as a ...

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