Amazon officially has more than 150 million Prime members worldwide
The Seattle-based company also reported financial results for the holiday season that were far better than analysts expected. Its shares soared 10% to $2,055 in after-hours trading Thursday.
There have already been signs that brick-and-mortar retailers had a rough holiday season. Target reported disappointing sales growth for November and December. And department stores Macy’s, Kohl’s and J.C. Penney all posted holiday sales declines. Walmart, the world’s largest retailer, will release its results next month.
Revenue at it’s cloud computing unit, which powers digital scrap-booking site Pinterest and many other companies, grew 34%, even though it has been facing increasing competition from other big tech companies.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'All men for 150 years': women take centre stage at Royal New Zealand BalletThe national ballet troupe will become the first classical company in the world to perform an entire year of works choreographed by women
Read more »
Black Americans got the right to vote 150 years ago, but voter suppression still a problemOn the 150th anniversary of the 15th Amendment, voting rights continue to be assailed. America lacks a national voting right for all citizens.
Read more »
28 Valentine's Day Fashion Finds on AmazonIt's time to get into the Valentine's Day spirit with pinks, reds, hearts, and all that good stuff. Luckily, Amazon Fashion is offering lots of cute clothes
Read more »
Ted Bundy’s Ex-Girlfriend Tells Her Story For The First Time In New Amazon Doc SeriesElizabeth Kendall and her daughter Molly detail their lives with serial killer Ted Bundy in new Amazon Prime Video docu-series.
Read more »
More retailers file for bankruptcy twice as they struggle with rising debt, pressure from AmazonOver the years, numerous retail chains have filed for bankruptcy protection twice. Examples include Barneys New York, RadioShack, Wet Seal and American Apparel.
Read more »