#Amazon profits slump on higher delivery costs

#Amazon profits slump on higher delivery costs

“#Amazon profits slump on higher delivery costs”  Amazon on Thursday reported a slump in profit that it expects will continue through the holiday quarter, as heavy spending to maintain delivery operations diminishes the company’s windfall from online shopping. Shares fell 4% in after-hours trade. After a year of blockbuster results, the world’s largest online retailer…

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#Walmart to test drone deliveries for health products

#Walmart to test drone deliveries for health products

“#Walmart to test drone deliveries for health products” Walmart will use drones to deliver health products as it looks to take on Amazon in the skies. The nation’s largest retailer plans to start testing on-demand deliveries of health and wellness items early next year in partnership with Zipline, which already operates drones in Africa, the…

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