While it’s not the only news of the day, earnings from a few big companies definitely made for some conversation today at RetailWit HQ:
Microsoft & Alphabet (Google) are crushing it
There was some concern in the tech sector after SNAP shared disappointing earnings last week, but looks like Microsoft and Alphabet are just fine. Alphabet showing the biggest quarterly gain in 14 years, with revenue growth of 40%. Microsoft also had a tremendous quarter, with their Azure cloud division showing 36% growth.
There has been a lot of noise about what the privacy policy/cookie changes would have on the tech world, clearly SNAP couldn’t avoid it but looks like Microsoft and Alphabet have worked through it.
Well, you can probably add Amazon to that list – as it looks like Amazon is doing a decent job overcoming that hurdle as well.
Both Apple and Amazon will report earnings tomorrow, so we will check back in to see how both companies fared.
Target is ramping up fulfillment ahead of the Holiday
The Holiday wars are picking up! Target is adding new features to its drive-up, order pickup, and same-day delivery services in time for the holiday season. Other new features include “Shopping Partner,” which allows a customer to send someone to pick up an order in their place and a “Forget Something,” will let customers easily place a new order at the same store after their initial order has been placed and then obtain all their products at once.
Amazon looking to hire 150,000
In case you missed it, lots of places are hiring. And in case you missed our feature on Monday about that, you can read it here. Add Amazon to the list of retailers looking to bulk up the workforce ahead of the holiday season.
No Comments
Leave a comment Cancel