NEW YORK-Amazon.com is set to open its first physical retail location here in Manhattan, at 7 W. 34th St., according to reports from multiple sources, including the Wall Street Journal and the New York Times. Responding to a request for comment from HFN, an Amazon spokesperson said the company has “made no announcements about a … More »
WASHINGTON-Online home retailer Wayfair finished number two on Stores magazine’s 2014 list of the nation’s fastest-growing retailers. The company’s sales for 2013, which totaled $915 million, were 52.5 percent ahead of its sales for 2012, according to the list compiled by the magazine, which is a publication of the National Retail Federation. Finishing fourth on … More »
SEATTLE-Brian Valentine, head of Amazon.com’s e-commerce technology platform, will retire next month. According to a company spokesman, Valentine’s team will report to other senior leaders at Amazon. Valentine joined Amazon in 2006, after a career with Microsoft.
By Duke Ratliff With holiday shopping (and selling) in the rearview mirror, home furnishings executives can now focus on the year ahead. Here are a few resolutions for the new year that notable individuals and institutions can make to make it a successful 2014. Walmart’s new leaders Doug McMillon and David Cheesewright should resolve to … More »
By Duke Ratliff It’s interesting how Amazon is easily the most influential retailer since Walmart and most of us don’t even know how to pronounce the founder’s name. Yes, it’s “Bay-zos” instead of “Bee-zos,” according to the recently published book “The Everything Store: Jeff Bezos and the Age of Amazon,” by Brad Stone. The public’s … More »
SEATTLE–Sales continued to increase, but Amazon posted a net loss of $41 million in the third quarter ended September 30, 2013, compared with a net loss of $274 million in third quarter 2012. The third quarter 2012 includes a loss of $169 million, the company said, related to its equity-method share of the losses reported … More »