Latest News Updates From Spencer Soper

BusinessTechnologyLogisticsTop 100

Longer Amazon Prime Day Sparks More Browsing, Fewer Buys

Momentum Commerce, which manages online sales for 50 brands in a variety of product categories and price points, said its Amazon sales plunged 41% year over year on July 8.

July 9, 2025
GovernmentBusinessLogisticsPrivateGlobal Freight

Some Sellers Sit Out Amazon Prime Day Over Tariffs

Amazon’s Prime Day is slamming into President Donald Trump’s trade war, with ever-shifting tariffs prompting some brands to sit out the sale and some shoppers hinting they plan to pull back.

July 8, 2025
GovernmentBusinessLogisticsPrivateGlobal Freight

Pershing Square Buys Amazon Stake After 31% Stock Price Drop

Bill Ackman’s Pershing Square Capital Management built a new stake in Amazon, noting that the investor acquired shares at an “extremely attractive” price.

May 23, 2025
GovernmentBusinessTechnologyLogisticsGlobal FreightTop 100

Amazon Issues Backdated Refunds in Policy Review

Amazon customers are suddenly getting refunds for products they purchased and returned as far back as 2018, along with apologies from the retailer after it discovered “unresolved” issues.

May 21, 2025
GovernmentBusinessLogisticsPrivateGlobal Freight

Amazon Warehouse Workers Reject Union Bid in North Carolina

Amazon workers at a warehouse in North Carolina overwhelmingly rejected union representation.

February 18, 2025
GovernmentBusinessSafetyLogisticsPrivateGlobal Freight

Amazon Workers Seek $30 an Hour in North Carolina

Amazon employee organizers in Garner, N.C., won the right to hold an election this week to determine whether workers at the facility will be represented by an upstart union.

February 11, 2025
BusinessTechnologyLogisticsPrivateGlobal Freight

Amazon Unveils AI Tool to Help Drivers Find Packages Faster

Amazon.com Inc. unveiled a new artificial intelligence tool designed to help drivers locate packages in cluttered vans.

October 9, 2024
BusinessLogisticsPrivateGlobal Freight

Online Holiday Spending Projected to Rise 8.4%

Steep discounts and easing inflation will compel U.S. shoppers to spend $240.8 billion online in November and December, up 8.4% from last year’s holidays and the biggest increase since 2021.

September 25, 2024
GovernmentBusinessTechnologyPrivate

Albertsons Sued for Allegedly Copying Startup’s Software

Albertsons Cos. was sued by an e-commerce software maker that claims the grocery chain conducted trials with its product for three years only to steal its trade secrets to build its own system.

August 19, 2024
BusinessLogisticsPrivateGlobal Freight

Amazon Prime Day Drives Online Sales Up 11% to $14.2 Billion

U.S. shoppers spent $14.2 billion online during Amazon.com Inc.’s 48-hour Prime Day sale, up 11% from a year ago and in line with estimates, according to Adobe Inc.

July 18, 2024