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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. Here’s how the company defines each segment in its 10Q filing.

.Net 86
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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
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Tech Moves: Former Fabric CEO joins HP as president and SVP of new division

GeekWire

Masud told GeekWire he’ll serve as senior vice president and president of WW Digital Services, a new division created inside HP Workforce Solutions , the company’s software-as-a-service business. The tech giant reported second quarter net revenue of $12.9 based experimentation platform company Split.

HP 93
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‘This company was invented for the pandemic’ — Scott Galloway on Amazon in a ‘Post Corona’ world

GeekWire

“Between Amazon and Whole Foods purchases, the Amazon card, and all the ‘pay with Amazon’ merchants, the company has vastly more individualized data than any insurance actuary.” … First off, ecommerce has gone from 18% of retail to 28% in eight weeks. So where does that leave us? Decade of growth.

Company 130
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STC rapidly adapts to deliver “new normal” digital experience

TM Forum

Who: Saudi Telecom Company and Huawei Technologies. What: STC’s Corporate Customer Experience Management program enabled the operator to overcome pandemic-related challenges and quickly meet changing customer needs in unprecedented circumstances. Building on digital customer experience foundations.

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Amazon says it’s permanently banned 600 Chinese brands for review fraud

The Verge

Amazon has now permanently banned over 600 Chinese brands across 3,000 different seller accounts, the company confirms to The Verge. Amazon’s crackdown began amidst reporting by The Wall Street Journal’s Nicole Ngyuen about how companies like RavPower offered gift cards in exchange for reviews.

Policies 145
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Amazon employees walk out against to board to make a change

Dataconomy

One of the biggest companies in the world, Amazon, has recently announced its return-to-office mandate and has received criticism for its stand against climate change. Both issues made Amazon employees walk out against the company board. Amazon employees walk out to change how things are handled within the company.

Retail 41