Latest news with #Granted
Miami Herald
04-05-2025
- Business
- Miami Herald
Amazon sinks $4 billion to catch up with Walmart
Fast shipping is something customers have come to expect from Amazon. But sometimes, the online retail giant outdoes itself. If you've ever placed an order on Amazon only to have it show up at your doorstep two hours later, you're not alone in that experience. That's because Amazon has long prioritized expedient shipping as a means of drawing in customers. Don't miss the move: Subscribe to TheStreet's free daily newsletter Granted, the site's massive selection of inventory and competitive prices help as well. Related: Whole Foods expands with exciting new format But Amazon doesn't always have the lowest prices online. In certain categories, like groceries, it often loses to competitors like Walmart. Still, customers are willing to pay a bit more on Amazon for the promise that their orders will arrive quickly. When you need something in a rush, spending an extra dollar for expedited delivery can be a no-brainer. If you were to ask Amazon which customers are the hardest to reach with deliveries, the company would probably point to two very distinct groups of people - consumers in large, densely packed cities, and consumers in rural areas. Cities are a challenge for Amazon not because of distance, but because of traffic and a general lack of space. Related: Kohl's CEO fired for startling reason It's not an easy thing to fit an Amazon delivery truck down a crowded city street. And in areas where doing a drop-off means double parking, it can be downright stressful for drivers. Rural areas pose another challenge. By nature, rural deliveries require drivers to spend more time on the road, making these orders less cost-effective for Amazon. Customers in rural areas suffer, too, as their remote location means they're less likely to benefit from the speedy deliveries for which Amazon is known. Amazon is aware that it needs to do a better job of serving its rural customers. The company just announced plans to triple its network of distribution centers in rural parts of the country to get deliveries to customers faster. Specifically, Amazon intends to invest $4 billion to reach an additional 200 delivery outposts in the country's least populated areas by the end of 2026. It's a move that could not only improve access to Amazon deliveries, but also create an astounding 100,000 jobs. Related: Temu, Shein make drastic decision Walmart will cheer "Amazon is adding same-day delivery sites and adding additional robotics and automation throughout our buildings," CEO Andy Jassy said during the company's most recent earnings call. "You'll also see us expand the number of delivery stations that we have in rural areas of the U.S. so we can get items to people who live in less densely populated areas much more quickly." Jassy was also quick to note that the company is investing in automation in an attempt to keep costs as low as possible in the face of tariffs and general economic uncertainty. Amazon reported $155.7 billion in revenue for its most recent fiscal quarter. That was a 9% increase year over year. The company reported earnings days after Amazon denied reports of potential plans to start highlighting the cost of tariff increases on its site. More Retail: Walmart CEO sounds alarm on a big problem for customersTarget makes a change that might scare Walmart, CostcoTop investor takes firm stance on troubled retail brandWalmart and Costco making major change affecting all customers Amazon has said repeatedly that it plans to do everything it can to shield its customers from the impact of tariffs. "There's never been a more important time in recent memory than trying to keep prices low, which we're heads down, pretty maniacally focused on, and then get things to people quickly," said Jassy. Maurie Backman owns shares of Amazon. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
26-04-2025
- Sport
- Yahoo
Evansville prepares to step 'over the edge' for kids battling illnesses
EVANSVILLE, Ind. (WEHT) — A leap of faith down the side of a downtown Evansville building aims to bring hope to children with life threatening conditions: Over the Edge for Granted. Since 1985, the organization has raised money to help families with medical expenses and more. The Over The Edge event gets community sponsors involved, as well as a fun day for the kids. Eyewitness News' Sydney Davis went over the edge before the official event kicks off April days don't typically start from nine stories in the air. Through an organization called Granted, every step away from the edge of Evansville's CenterPoint building helps send joy, comfort and unforgettable moments to children battling life threatening illnesses. 'Individuals can face fears and overcome obstacles like our children do every day. Our children are battling cancer…fighting illnesses that a lot of us will never have to deal with. Our families are some of the strongest people you'll ever meet,' says Caitie Taylor, Granted's board president. This year marks 4 decades for the organization, and nearly 400 Tri-State families benefit from the program. VHS talks about dog aggression after recent dog attacks, gives safety tips Over $180,000 has been raised by the community to make kids wildest dreams come true. Each wish granted is as unique as the little faces fighting each day. 'They go to Disney. They go on a camping trip,' says Taylor. Community members who signs up commit to raising $1,000 each to make it News got to experience the descent, but On Saturday, each participant will be trained and supported every step, or drop, of the way by their Over The Edge experts. 'Unlike recreational climbing, we use a full body harness. They have the waist belt loops. It also has the shoulder straps. From there, we have two devices. We have a backup device and a main device,' says Randy Stocker, a professional rope access technician for the event. The main device drives the repelling, while the backup helps monitor your speed. There is no age limit, and the equipment can hold up to 5000 pounds. 'The youngest person that I've personally put over was 6-years-old and our oldest person that over the edge put over was 103-years-old,' says Stocker. Officials say the left over funding is used to help with life beyond the wish. '…help with transportation, gas, cards, foods while they're on the road. We have family dinners throughout the year to bring our wishlist together…Just to have the children be able to interact with the rest of the children,' says Taylor. Teams and individuals can still sign up through email or in-person with a $1,000 contribution. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-04-2025
- General
- Yahoo
Over the Edge to raise money for local children this weekend
EVANSVILLE, Ind. (WEHT) – Some residents of the Tri-State will have the chance to go Over the Edge to raise money for local children with terminal or life-threatening conditions. The Evansville nonprofit Granted will host their Over the Edge event on Saturday, where those participating will have the chance to rappel down CenterPoint Energy's 9-story building in downtown Evansville. Ahead of the event, Eyewitness News Reporter Sydney Davis had the opportunity to go down the building ahead of the fundraising event, you can view the video in the player above, as well as her discussing the experience below. Money raised during the event will be used to help Granted grant wishes for children with life-threatening conditions. You can learn more about the event online here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
