President Donald Trump has apparently targeted Amazon as his new enemy. He feels the retail giant is taking advantage of the U.S. Postal Service, something he wishes to remedy with a series of new rules and legislation.
Amazon’s Whole Foods acquisition is slowly resulting in changes for the supermarket chain. Amazon wants to introduce the Prime system to every store and at the same time, a lot of executives are leaving the company.
American retailer Albertsons has acquired its competitor Rite Aid, after the latter had already sold a series of stores to Walgreens. The acquisitions are mainly a reaction to Amazon and other online players’ onslaught.
American Kraft Heinz failed to live up to analysts’ fourth quarter expectations, both when it comes to turnover and profit. It did manage a 900 % increase of its profit, but that did not convince any analyst.
Amazon will become its own logistical supplier: it will pick up and deliver packages for its own marketplace partners. Supermarket chain Whole Foods’ customers can also get their groceries delivered within two hours from now on.
Despite weaker Star Wars and Frozen sales in an equally unimpressive fourth quarter, Hasbro has still managed a full-year turnover increase. It is the largest toy manufacturer in the eleven largest toy countries.
Amazon set a new turnover record and its fourth quarter profit reached 2.1 billion dollars (1.7 billion euro), 69 % above expectations. Alexa speech technology and Amazon Web Services’ cloud services helped reach these new heights.
Apple broke its turnover and profit records in the first quarter of its fiscal year, which ended on 30 December 2017. Nevertheless, there are unfavourable signals, because iPhone sales were below expectations.