Ecommerce

Amazon increases monthly membership fee, leaves annual rate unchanged

Despite a somewhat controversial year for Apple (NASDAQ:AAPL), which faced widespread backlash for the confirmation of a long-time rumor that it intentionally slows down old iPhones, the tech giant nabbed for the 11th year in a row the top spot on Forbes Magazine’s list of 2018’s most admired companies.

U.S. e-commerce sales reached new heights during the 2017 holiday season, as mobile transactions through smartphones and tablets drove a record haul for online vendors.

Digital and business strategy consultant Brittain Ladd on Amazon’s rising grocery sales.

For some Walmart employees, the day brought news of a pay raise.

Walmart is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time $1,000 cash bonus to eligible employees and expanding its maternity and parental leave benefits.

Barnes & Noble’s digital business was an area of particular weakness, as sales dropped 4.5% even as more customers turn to e-commerce operations like Amazon to do their shopping.

Loup Ventures Managing Partner Gene Munster on a potential Amazon acquisition of Target.

The wave of store closures and bankruptcies that struck brick-and-mortar retailers in 2017 could intensify this year, according to a prominent commercial real estate firm.

The announcement marked the first time Amazon has revealed total shipping figures for a full year.

Wall Street saw several highly-touted initial public offerings, or IPOs, in 2017, as several rising companies went public to challenge the likes of Amazon and Facebook.