After acquiring Whole Foods, Amazon immediately slashed the supermarket's prices on select food items. Mot recently, it announced that Prime members can enjoy exclusive savings at Whole Foods locations nationwide. In addition Prime members with an Amazon Rewards Visa Card can get 5 percent back on their Whole Foods purchases. (Non-Prime members will get 3 percent back). That's in addition to the 5 percent they already earn on Amazon.com purchases, 2 percent at restaurants, gas stations, and drugstores, and 1 percent back on all other purchases. Amazon also announced free 2-hour Whole Foods deliveries via the company's Prime Now service. Deliveries are available in select cities only.
In December 2015, Amazon stated that "tens of millions" of people were Amazon Prime members. Amazon Prime added 3 million members during the third week of December 2015. That month Amazon announced the creation of the Streaming Partners Program, a subscription service that provides Amazon Prime subscribers with additional streaming video services. Among the programming providers involved in the program are Showtime, Starz (with additional content from sister network Encore), Lifetime Movie Club (containing recent original movie titles from Lifetime Television and Lifetime Movie Network), Smithsonian Earth, and Qello Concerts.
Those risks led GWW stock to essentially stall out starting in 2013. And they came home to roost last year. Disappointing earnings — particularly, falling margins — seemed to signal that pressure from Amazon was a real problem. By September, GWW traded at its lowest levels in almost six years. Grainger seemed destined to be another dominant business undone by a nimbler online competitor.
That said, SHOP stock does have some concerns, and in my opinion it’s not one of the best Amazon-proof stocks to buy on this list. I wrote earlier this month that investors should consider selling SHOP, even though I like the long-term story. Valuation is high, and this market remains uncomfortable in paying up even for high-growth plays. That said, Shopify does have plenty of room for growth, and I don’t expect Amazon to make much of a dent in its market share.
If I sound too negative, please don't take it that way - I'm just trying to tell you why this isn't a five star book. You have 220 pages of 'awesome and can't put it down' book followed by 40 pages of 'what the hell am I doing reading this' slog, then another 30 pages of fairly decent reading. If you don't read those two chapters, it's a five star book!
Is it just us, or are housewarming gifts the most daunting Major Life Event gifts to buy? Presents for graduations or weddings or baby showers always seem to be easier to find, perhaps because the recipients are very clearly entering new stages that typically require something they don't currently own. Housewarmings aren't so straightforward. Your friend moving into her first-ever apartment is cause for a housewarming gift, but so is the time she moves into her tenth home. (What the heck do you get for her then?!) In an effort to make the shopping process less fraught, we've created a couple rules: 1. Go general, but still functional. Everyone appreciates a good wooden spoon, for example. 2. Only shop on Amazon. The site has everything, including glorious two-day shipping.
In March 2014, Amazon announced an increase in the annual membership fee for Amazon Prime, from $79 to $99. Shortly after this change, Amazon announced Prime Music, a service in which members can get unlimited, ad-free streaming of over a million songs and access to curated playlists. In November 2014, Amazon added Prime Photos, which allows unlimited photo storage in the users' Amazon Drive (though only some raw photo files count as photos). Amazon also began offering free same-day delivery to Prime members in 14 United States metropolitan areas in May 2015.