January 21, 2011 |
The world's biggest online retailer is now competing more directly with the nation's biggest DVD rental service. Amazon.com has agreed to acquire the shares it does not already own in Lovefilm International, a DVD and online film rental service similar to Netflix that operates in Europe. The Seattle company already holds a 42% stake in Lovefilm, which is headquartered in London and Luxembourg. Financial details were not disclosed, although the Financial Times said the deal values Lovefilm at about $317 million.
November 21, 2012 |
Black Friday and Cyber Monday are fast approaching, but according to one research group, consumers have crowned the retailer they think provides the best value: Amazon.com. The online retailer has many of its brick-and-mortar competitors hustling to compete. Rivals such as Best Buy, Wal-Mart and Target have unleashed holiday initiatives such as price-matching guarantees, same-day delivery and shopping aisles synced with smartphones through QR codes . Target trailed Amazon in second place in the BrandIndex report from consumer research firm YouGov.
January 25, 2012 |
The companies with the most positive buzz last year include retail brands such as Target, automakers such as Ford and tech giants such as Apple. YouGov BrandIndex rated the companies by asking survey respondents throughout the year whether they had heard anything about the brands recently through advertising, news or word of mouth. The most in-the-now businesses, in order: 1. Subway 2. Amazon 3. History Channel 4. Google 5. Cheerios 6. Lowe's 7. Ford 8. Discovery Channel 9. Target 10. Apple Top-ranked Subway was the only dining establishment to crack the top 10, with its increasing emphasis on fresh and healthy ingredients and sodium reduction while maintaining its reputation for budget meals . Amazon landed high because of its Kindle Fire launch and dominance of online retailing.
September 4, 2012 |
A best-selling British author has been caught red-handed slamming others' books on Amazon while praising his own under a number of pseudonyms. It was the assiduous work of Jeremy Duns, another writer, that laid out a case demonstrating that prize-winning mystery writer R.J. Ellory had been writing the "sock puppet" reviews on Amazon. Ellory has admitted to using the sock puppetry -- pseudonymous handles to post positive Amazon reviews of his own books and one-star reviews of others'.
July 17, 2011 |
Greed, we are told by the moral philosophers, brings out the worst in human beings. As Amazon.com is about to prove, the same rule applies to big corporations. Last week, the giant online retailer announced that it was backing a ballot referendum to overturn a new state law mandating that it collect the sales tax due on purchases by its California customers. That law, which was signed by Gov. Jerry Brown at the end of June, was designed to eliminate the price advantage enjoyed by Amazon, and many other online retailers, over brick-and-mortar stores.
August 13, 2013 |
The much-publicized $1.45-million Monet listed on Amazon could soon sell, although not through the e-tailer. Claude Monet's portrait of his infant son was among the artworks listed last Tuesday when Amazon launched a new section of its site dedicated to fine art. Within a day, the portrait had garnered a lot of attention from Amazon users, who playfully commented on the million-dollar Monet like it was one of site's common household wares....
February 7, 2012 |
Here's your touch-me-in-the-morning Tuesday roundup of consumer news from around the Web: --You think you pay too much in taxes? Facebook's upcoming IPO will make founder Mark Zuckerberg a billionaire, but it will also stick him with an eye-popping tax bill that could reach as high as $2 billion . The gigantic tax hit is a consequence of Zuckerberg's plan to exercise stock options worth billions. The move will significantly increase his ownership stake in the company he founded eight years ago. Zuckerberg currently owns almost 414 million shares of Facebook, but he also holds options to buy an additional 120 million shares at the bargain price of 6 cents a piece.
February 14, 2013 |
Just in time for Valentine's Day, Amazon, the behemoth online retailer and knower of all habits and tastes, has released a list of America's 20 most romantic cities. It's high time. Gandhi might have said the best measure of a society is how it treats its weakest members, but we all know that's a treacly platitude. The best measure of a society is how often its members dine by candlelight, walk along the beach at sunset and give and/or receive heart-shaped Mylar balloons. And that's why Amazon's No. 1 most romantic city is - Knoxville, Tenn.
November 12, 2010
There is a world of difference between a right to speak and an obligation to publish. That distinction became an issue this week when Amazon.com, the world's largest online book distributor, succumbed to pressure and pulled an electronic book on pedophilia. The book is the work of one Philip R. Greaves II, a self-evidently disturbed Colorado man who catalogued various perversions and inanities in "The Pedophile's Guide to Love and Pleasure. " Greaves is entitled to his shameful views ?
December 9, 2011 |
Amazon.com Inc. and the nation's bricks-and-mortar retailers are in combat again, this time over the online giant's price-comparison tool that enables shoppers to quickly check out prices at rival merchants. An uproar over the Price Check shopping app, used on mobile devices, erupted after Amazon launched a promotion for Saturday that gives customers 5% off (up to $5) on up to three qualifying items on its site if they check the prices of those goods on the app while browsing at a physical store.