Amazon's profit and revenue both grew in the latest quarter but its results fell below what Wall Street was expecting and shares of the world's biggest online retailer declined after-hours.
Amazon is going to the people who dislike and fear it the most - independent bookstore owners - and offering to work together to fulfill the needs and desires of their customers. The retailer on Wednesday announced a program where stores can sell its popular reading devices. The booksellers would get a small payment on each sale and a commission on all e-books that the reader buys in the next two years.
Implementing an e-commerce platform takes time. Retailers should take advantage of cloud and not rush the process
Retailers are often in a rush to respond to consumer demand in implementing their e-commerce platforms. By taking time to research the market and understanding their own online capabilities and product information, retailers can fulfil consumer expectations and create repeat business through loyal customers.
Retail in Asia spoke with Mark Gray, Managing Director, Asia-Pacific, ChannelAdvisor and asked him what retailers should be doing, who they should be engaging and what's available to support them.
Amazon reported a 24 percent increase in net sales in the third quarter of 2013 compared with the same period last year. From USD13.81 billion in Q3 2012, sales rose to USD17.09 billion this year.
“It’s been a busy few months — we launched a new Paperwhite and new Kindle Fires to positive reviews and surprised people with the revolutionary Mayday button—average Mayday response times are just 11 seconds,” said Jeff Bezos, founder and CEO of Amazon.com.
Amazon released a new service that streamlines how customers transact with online merchants.
With Login and Pay with Amazon, participating companies enables their customers to go from browsing to buying in just a few clicks using their Amazon account information.
“Amazon has more than 215 million active customer accounts,” said Tom Taylor, Vice President, Amazon Payments. “Login and Pay with Amazon enables online shoppers with Amazon credentials to access their account information safely and securely with a single login.
Asos has poached Amazon finance boss Shaun McCabe as it further strengthens its management team.
To view full article (note: you must be a Retail Week subscriber), visit Retail Week.
Amazon recently introduced the Mobile Associates API for Kindle Fire and other Android devices that would allow developers to market both physical and digital goods within apps and games on Amazon.com.
Developers stand to earn up to 6 percent on qualifying in-app customer purchases.
Today, developers who wanted to create additional revenue channels for their apps t could use a “freemium” model with digital in-app purchasing or subscriptions, or by using mobile ads.
Amazon.in, an affiliate of global retail giant Amazon.com, on Monday launched a computers and accessories store for customers in India.
Shoppers in the country will be able to shop across 7,000-plus products from over 180 brands with the help of Amazon.in, Amazon said in a statement.
It will also provide detailed product descriptions, options to shortlist products by feature, customer reviews from Amazon.com, and personalised recommendations, it said.
Developers can now submit URLs for their HTML5 web apps and mobile websites and have Amazon offer that content to millions of Kindle Fire and Amazon Appstore customers in the same, convenient way as native apps.
Amazon said Web developers and content publishers have historically faced numerous challenges when building, optimizing and distributing web apps for mobile devices.
Online retail is on the rise in Southeast Asia and Amazon and Lazada are the top online retailers in the region, according to the latest report released by comScore.
The report, "Southeast Asia Digital Future in Focus 2013," showed that the Southeast Asian markets account for approximately 10 percent of the Asia-Pacific's Internet population of 644 million. Consequently, online retail sales is also in the rise.