Amazon’s advertising business booms in pandemic PUBLISHED BY
Ever since COVID-19 pandemic struck and people are forced to stay at homes, they are opting for online shopping. As such, online shopping conglomerates have earned significant business in 2020. Similar is the case with Amazon. The COVID-19 pandemic situation put Amazon on track for the first quarter of $100 billion and also simultaneously boosted the advertising section of Amazon.
With more merchants filling in Amazon’s vast marketplace, brands are fighting hard to stand out in front of the buyers and are spending bulk on advertisements. This resulted in the boost of Amazon’s “other” business unit, comprising mostly of its advertising businesses. The advertisement section of Amazon is growing rapidly more than the retail sector, cloud computing and Amazon Prime subscription divisions.
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Amazon.com, Inc (NASDAQ: AMZN) is on course for $100 billion in quarterly revenue as the pandemic has led to an online shopping surge, the Financial Times reports.
As shoppers have flocked online, Amazon has also seen a boost in advertising revenue. According to FactSet, the e-tailer is on track to post $21 billion revenue from the other unit in 2020, FT noted.
What Happened: The “other” unit mostly comprises Amazon’s ads business. Expected revenue of $21 billion puts Amazon’s “other” unit on track for 47% year-over-year growth, which will surpass growth from retail, cloud computing, and Prime subscription divisions.
“I don’t think there’s enough recognition for just how big of an advertising business Amazon is on the way to creating,” said Andrew Lipsman, principal analyst at eMarketer.
Amazon, Walmart expand holiday return options Tis the season for those pesky gift returns. Two major retailers made changes this year in an effort to ease the post-holiday stress.
and last updated 2020-12-29 07:54:35-05
KANSAS CITY, Mo. â The stockings have been unstuffed and the presents opened, marking the start of a new season: time for holiday gift returns.
This year, two of the largest retailers are making changes to returns in an effort to simplify the process for shoppers. We just want to make it as stress-free and convenient as possible, said Alyssa Bronikowski, an Amazon spokesperson.
Since many people started shopping early this year, Amazon extended its return window. Items purchased between Oct. 1 and Dec. 31 can be returned through the end of January.
FamilyMart to increase stores with Amazon lockers sevenfold Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
FamilyMart Co. will increase the number of its outlets with Amazon Hub parcel lockers amid increasing demand for online shopping. | BLOOMBERG
Jiji Dec 28, 2020
FamilyMart Co. President Takashi Sawada has said the convenience store operator will increase the number of its outlets with Amazon Hub parcel lockers sevenfold, to about 350, by the fiscal year through February 2022.
“We’ll do what allows our franchise stores to earn more without spending (on) labor,” Sawada said in a recent interview.
Remember that cheesy sweater your aunt got you last year? The one with the light-up Rudolph nose? Itâs still hanging in your closet, untouched, where it has been since Dec. 26, 2019. You should have exchanged it for one of the 15 top tech gifts instead.
You donât have to keep those unwanted gifts around. Your loved ones spent hard-earned money on them, so exchange them for something youâll actually use instead.
If youâre worried about what to do with the knock-off electronics that your grandpa dug up for you or some other thoughtful but unnecessary gift, we can help. Keep reading to find out what you need to know about the return policies of those big-box retailers.