Cyber Monday sales expected to break record
Cyber Monday is expected to become the largest online shopping day in history as more consumers decide to digitally fill their holiday stockings this year instead of venturing out to brick-and-mortar stores.Adobe Analytics predicts Monday could bring in between $10.8 billion and $12.7 billion in online sales, or between 15% and 35% more than last year.“Cyber Monday is on track to break all previous records for online sales,” Taylor Schreiner, director of Adobe Digital Insights, said in a Monday morning statement.Retailers started offering online deals in October, trying to spread out consumers...
Star Tribune (Minneapolis)
Retired Zappos CEO Tony Hsieh dies at 46 after Connecticut house fire
Tony Hsieh, the former CEO of online shoe retailer Zappos, died from injuries sustained during a fire that ripped through a loved one’s home in Connecticut, the company confirmed.The iconic tech entrepreneur died Friday night. He was 46.“The world has lost a tremendous visionary and an incredible human being,” Zappos CEO Kedar Deshpande wrote on the company’s website. “We recognize that not only have we lost our inspiring former leader, but many of you have also lost a mentor and a friend.“Tony’s kindness and generosity touched the lives of everyone around him, as his mantra was of “Delivering...
New York Daily News
Online marketplace fuels fringe movements
ATLANTA — Social networks are banning them and government agencies and watchdog groups have called them domestic terrorists. But extremist groups still have a vibrant internet life thanks to online retailers.Looking for a book evangelizing the baseless and far-out QAnon conspiracy theory? Amazon has a variety of titles. How about a T-shirt with the Three Percenters militia logo? Custom shirt company TeeSpring has many styles and colors. EBay and Etsy can provide shirts, hats and stickers bearing the slogan “ACAB,” short for “All Cops Are Bastards,” popular with far-left anarchist groups. The l...
The Atlanta Journal-Constitution
Best Buy partners with Instacart to offer expanded same-day delivery
Best Buy Co. is partnering with Instacart, a nationwide grocery delivery company, to offer same-day delivery of products from nearly all its Best Buy stores.Shoppers will be able to use Instacart to buy a wide range of items from Best Buy, including laptops, TVs and small appliances, Instacart said Tuesday.Best Buy has previously been making deliveries with its own employees in some markets and recently began working with Shipt, the delivery unit of Target Corp., for similar services.“As people settle into remote work and distance learning routines, we’ve seen increased demand for the same-day...
Star Tribune (Minneapolis)
What are we drinking during the pandemic?
It might not be surprising to learn but people are drinking more than usual during the pandemic.And there’s more than anecdotal evidence to back that up. According to a study conducted by the Rand Corp. and published last month in the journal JAMA Network Open, American adults reported drinking 14% more than the year before.Those findings tend to match up with previous research, including data from marketing research firm Nielsen, that has shown total alcohol sales outside of bars and restaurants increasing roughly 24% since mid-March.The reasons for the sustained increase are pretty apparent:...
The San Diego Union-Tribune
Amazon again posts record sales and profit amid rising pandemic costs
SEATTLE — Amazon posted record sales and profit for the second consecutive quarter, as it continues to capitalize on a pandemic-driven surge in online shopping.Heavy spending on hiring, expansion and the costs of operating amid COVID-19 may eat into profitability in the fourth quarter, however, as the company gears up for quarterly sales expected to exceed $100 billion for the first time.Amazon said Thursday that its third-quarter revenue was $96.1 billion, up 37.4% from a year earlier, well ahead of the expectations of the company and Wall Street analysts. Profit surged 197% to $6.3 billion, ...
The Seattle Times
Edgar Allan Poe's letter pleading for $40 from a Philadelphia editor sells 173 years later for $125,000
PHILADELPHIA — Once upon a year so dreary, while Poe lay dead and the living wearyAppeared a quaint and curious letter of forgotten lore.In the middle of a pandemic and a vote, suddenly there came a noteOf a long ago anecdote, between Poe and a Philadelphia man of yore.A handwritten letter in which author Edgar Allan Poe politely pleads for $40 from a Philadelphia editor sold at an online auction this month for a sum that would make even the tell-tale heart skip a beat: $125,125.Bobby Livingston, executive vice president of RR Auction, the Boston-based auction house that conducted the sale, sa...
The Philadelphia Inquirer
Target saw record sales from its Deal Days this week
As an indicator of just how unpredictable this holiday season will be, sales numbers for Target’s two-day Deal Days this week more than doubled compared to last year.The Deal Days coincided with Amazon’s Prime Day two-day event, plus big discounted pushes from Best Buy and Walmart.The Minneapolis-based retailer said Friday that sales were 2.5 times what they were last year, when the big sales events were held in the summer.The new statistics are a sign of the robust online shopping that analysts have predicted will dominate this holiday season as the U.S. continues to grapple with the coronavi...
Star Tribune (Minneapolis)
Amazon unveils prototype of Rivian-built electric delivery van, with 100,000 on order and plans to start hitting the road next year
Your Amazon package may be arriving in a custom-built Rivian electric delivery vehicle by next year.Amazon unveiled a prototype Thursday of one of three electric vehicles being developed in partnership with startup EV truck manufacturer Rivian. The online retail giant expects to have 10,000 of the Rivian electric delivery vans on the road worldwide by 2022, ramping up to the full 100,000 order by 2030.Rivian CEO and founder RJ Scaringe said in a news release the vehicle “is not just electric” but prioritizes safety and functionality for package delivery.Features of the boxy, high-tech electric...
Amazon's power in e-commerce and cloud computing is unlikely to be challenged anytime soon, antitrust report says
Amazon functions as “a gatekeeper for e-commerce,” exercising “significant and durable” market power in U.S. online retail, the House Judiciary Antitrust Subcommittee found after a 16-month investigation. The Seattle commerce giant’s power in online retail and cloud computing has grown during the pandemic and is unlikely to be challenged anytime soon, the panel found, serving to lock consumers and sellers into its platform.The subcommittee report, issued Tuesday afternoon by the Democratic lawmakers who control the subcommittee, also covers the outsize power of digital platform giants Apple, G...
The Seattle Times