A.: Prime Now is an app for iOS and Android devices and a website that promises free delivery of select items within 2 hours. At the outset, the service is only available in select cities, including New York, Los Angeles, Seattle and Phoenix, but the program adds new cities on a regular basis. Just this month, Amazon expanded its Prime Now delivery to include Annapolis, Cleveland, Louisville, North/Central New Jersey, and Pittsburgh as well as additional locations in the San Francisco Bay Area.
In 2005, Amazon announced the creation of Amazon Prime, a membership offering free two-day shipping within the contiguous United States on all eligible purchases for a flat annual fee of $79 (equivalent to $99 in 2017), as well as discounted one-day shipping rates. Amazon launched the program in Germany, Japan, and the United Kingdom in 2007; in France (as "Amazon Premium") in 2008, in Italy in 2011, in Canada in 2013, and in India on July 26, 2016.
Jeff Bezos' cash cow has certainly become a staple of the online marketplace. Amazon's (AMZN) market cap is currently around $1 trillion - one of the highest among the FANG giants (which include Netflix (NFLX) , Alphabet (GOOG) and Facebook (FB) ). And with over 100 million Amazon Prime members around the world, it seems as though Prime is showing no signs of stopping its global takeover. In fact, according to Bloomberg this week, the average Amazon Prime member spends over $1,400 per year.
We present these figures with the caution that no research firm truly knows how much clothing and footwear is sold on Amazon. We also note that some research firms have enjoyed substantial media coverage on the back of estimates that have placed Amazon as one of the very largest retailers of apparel in the US. We further note the risk of a herding effect, whereby some research firms may be reluctant to estimate figures that vary susbtantially from those published by other firms and that are already in the public domain.
Target has lost the most in terms of apparel shoppers who have switched some or all of their apparel spending to Amazon, with Walmart in second place. This is the reverse of these two retailers’ overall ranking in terms of apparel retail, as Walmart is a significantly bigger clothing and footwear retailer than Target, as measured by both sales and shopper numbers.
Amazon probably isn’t the only reason Netflix (NASDAQ:NFLX) is spending $13 billion on content this year — but it’s one of the biggest reasons. The goal of Netflix’s content strategy is clear. Netflix wants to give subscribers everything they want — and more content they perhaps didn’t even know they wanted. That will drive subscriber growth and cement Netflix’s dominance in the space. From there, Amazon, Disney (NYSE:DIS), Facebook (NASDAQ:FB), and everyone else can play for second.
GWW has seen a sharp pullback of late, dropping 26% from highs of just two months ago. Tariff and cyclical worries, plus a slightly disappointing Q3 report, have factored in. But the pullback seems to open an opportunity. GWW now trades at an attractive 15 times forward earnings. That’s simply too cheap for what is clearly among the best Amazon-proof stocks. Grainger already has proven the skeptics wrong. It likely will do so again. And at a cheaper price, that’s a bet worth taking.
In 2018, Prime Day launched with frustration as the site was unable to handle the volume of traffic. To prevent a total crash, Amazon set up a "fall-back" page filled with pictures of dogs. They also cut international traffic while they hastily installed temporary servers to accommodate the large number of shoppers; this restored full functionality..The glitch had little impact on sales; the 2018 event broke the previous year's record.
But Prime’s ease and accessibility rely on advanced and extensive mail systems that do not exist everywhere in the world, Rosenbaum said. One solution may be for Amazon to work with retailers and vendors overseas, such as 7-Eleven, where customers can pick up their packages. Prime has programs through Whole Foods where shoppers can pick up their groceries, for example.
"I'm very Type A, so I live my life according to the lists I write for myself. I decided I needed a weekly planner pad to set on my desk so that I could better plan out my week, and after much searching, I found this one by Hashi. It has the perfect amount of space for writing, cute designs on the pages, and it's not dated, so it can last beyond the calendar year." — Malarie Gokey
Products in categories requiring approval can be listed only with specific permissions from Amazon. Only sellers with a Professional Selling Plan subscription can sell in these categories. Amazon limits access to sell in these categories to help ensure that sellers meet standards for product and listing quality as well as other category-specific requirements. These standards help Amazon customers have confidence when buying in any category.
Some of this data is also available to big brands or vendors selling on Amazon’s platform through a program called Amazon Retail Analytics Premium. But it is expensive, with vendors paying 1 percent of their wholesale cost of goods sold to Amazon or a minimum of $100,000 to get access to a database that lets them see some, but not all, of the data Amazon has compiled.
Euromonitor International estimates that Amazon US sold $24.6 billion of clothing and footwear in 2017, of which $20 billion was sold by third-party sellers. We estimate that this total would place Amazon roughly level with Walmart, America’s biggest apparel seller—although we note that Walmart achieves this position primarily through first-party sales while Amazon is largely transacting third-party sales.
But with that awesome power comes...strange choices. For some of us, that one-click checkout button can lead to some unusual impulse buys. For others, it's all too easy to start browsing Amazon in a late-night haze, saying yes to things you'd ordinarily never consider you needed in your life. But now that you've got a five-pound bag of Skittles or a dedicated wall-mounted purse hanger in your life, you've got to make the most of it, right?
Fashionistas will also be happy to learn the clothes-focused Amazon subsidiary Shopbop is part of the free Prime shipping family, and you get free returns, too. You can get your designer brand fix and free Amazon shipping through East Dane, which is similar to Shopbop, but focused on men's fashion. Between Woot, ShopBop and East Dane, your online shopping horizons with bonus shipping perks have just expanded.
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