Latest news with #retailoperations
Yahoo
12 hours ago
- Automotive
- Yahoo
Hertz teams up with Amazon to sell used cars online in the US
Hertz said Wednesday it will begin selling pre-owned vehicles on the US store of Amazon Autos, marking a major expansion of the rental company's retail operations as it looks to diversify revenue. Shares of Hertz jumped in premarket trading after the announcement. Under the partnership, customers will be able to browse thousands of Hertz cars on Amazon Autos, complete their purchase digitally and pick up the vehicle at Hertz locations. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You reported that buyers within 75 miles of Dallas, Houston, Los Angeles and Seattle will be able to shop starting Wednesday, with plans to scale to 45 locations nationwide. The move brings more visibility to Hertz's car sales business, which it has been working to grow. It also represents a new step for Amazon, which launched its autos business in December through a partnership with Hyundai. Amazon drives into online car sales in US with Hyundai partnership Amazon Autos added used and certified pre-owned cars earlier this month, and Hertz will become its first fleet dealer, offering vehicles from Ford, Toyota, Chevrolet and Nissan. 'Our goal is to reimagine the car-buying experience and meet customers where they are,' Jeff Adams, executive vice president of Hertz Car Sales, told He added that Amazon is the 'ideal partner' to give shoppers access to Hertz's used car inventory on a trusted marketplace. The push into online car sales comes as Hertz continues its turnaround efforts. The company filed for bankruptcy in 2020 during the pandemic and later scaled back an ambitious EV strategy. Last year, CEO Gil West unveiled a 'Back-to-Basics Roadmap' aimed at improving fleet management, revenue optimization and cost controls. Hertz said the first quarter of 2025 marked its strongest ever for retail vehicle sales. On its Aug. 7 earnings call, West highlighted momentum in the company's Rent2Buy programme, which lets customers rent a vehicle for three days before deciding to purchase. That program is expected to expand to more than 100 cities this year. Goldman's tech tie-up with Amazon may drive auto leasing investment in US and China "Hertz teams up with Amazon to sell used cars online in the US" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
30-07-2025
- Business
- Yahoo
Amazon still the online retailer of choice as cloud business faces competition
By Arriana McLymore and Deborah Mary Sophia (Reuters) -Amazon will seek to reassure investors on Thursday that its cloud business, a critical driver of profits, is growing at a fast enough clip to offset any pullback in consumer spending that could throttle its retail operations. The tech giant's revenue likely increased 9.5% in the second quarter to $162.08 billion, according to data from LSEG, accelerating from the first quarter and largely in line with the year-ago period. Amazon Web Services (AWS), the cloud unit that accounts for less than a fifth of the company's sales but typically about 60% of its profit, likely grew 17% in the April-June period. Amazon, like its rivals Alphabet and Microsoft, has invested heavily to increase capacity at its data centers to meet demand for its traditional cloud services as well as the surge in generative AI services. While AWS and Microsoft's Azure are the dominant cloud providers, Alphabet's Google has recently bagged some big deals, including one with OpenAI, and last week it cited massive demand for its cloud services for boosting spending plans for the year. Google's strong performance has sparked worries that the company could be taking market share from AWS, which analysts said could prompt Amazon to increase its own capital expenses as well, as could Microsoft when it announces its results on Wednesday. "We have heard murmurs that AWS' struggle to develop a strong AI model has fueled a perception that it is trailing behind Google within AI development," Scotiabank analysts said, adding they expect margins at AWS to also pull back from the 39.5% seen in the first quarter. On Thursday, though, investors will pay more attention than usual to Amazon's e-commerce business, which has so far well withstood the pressures stemming from U.S. President Donald Trump's tariff threats and trade deals. Sellers still prefer to hawk their wares on as the e-commerce giant has cemented the top spot in offering low prices, convenience, and product selection. Amazon said in May that third-party sellers on were pulling forward orders to boost inventory, and the company was pushing them to keep prices as low as possible. Walmart, the world's largest retailer, said in May it would start raising prices due to tariffs. "Amazon remains the go-to destination for online deals and continues to draw strong consumer and brand engagement ... price increases have been more muted than expected, and second-quarter sales were solid as consumer spend stayed resilient," Jefferies analyst Brent Thill said. Inventory levels also "appear healthy" across most sellers on Amazon heading into the key back-to-school and holiday shopping seasons, Thill added. Many consumer-facing companies have warned that tariffs are hitting their business. Automakers and consumer food giants including Coca-Cola have indicated that some segments of the buying public have pulled in their spending. While major retailers slowed or halted orders for China-made goods and discretionary merchandise earlier in the year, brands are expecting improvements in sales in the current quarter as trade negotiations settle, analysts said. Evercore analysts said a survey conducted by the brokerage found that 95% of respondents picked Amazon as their most common go-to website for shopping online this year. That represented an increase of 5% from 2024. Preference for the No. 2 and No. 3 rivals - Walmart and Target - declined 7% and 3%, respectively. "While tariff uncertainty creates a challenge for Amazon and every other retailer, our strong belief is that given its scale, supply diversification, and logistics sophistication, Amazon will be better able to manage tariff challenges than practically any other company," Evercore analysts said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
30-07-2025
- Business
- Reuters
Amazon still the online retailer of choice as cloud business faces competition
July 30 (Reuters) - Amazon (AMZN.O), opens new tab will seek to reassure investors on Thursday that its cloud business, a critical driver of profits, is growing at a fast enough clip to offset any pullback in consumer spending that could throttle its retail operations. The tech giant's revenue likely increased 9.5% in the second quarter to $162.08 billion, according to data from LSEG, accelerating from the first quarter and largely in line with the year-ago period. Amazon Web Services (AWS), the cloud unit that accounts for less than a fifth of the company's sales but typically about 60% of its profit, likely grew 17% in the April-June period. Amazon, like its rivals Alphabet (GOOGL.O), opens new tab and Microsoft (MSFT.O), opens new tab, has invested heavily to increase capacity at its data centers to meet demand for its traditional cloud services as well as the surge in generative AI services. While AWS and Microsoft's Azure are the dominant cloud providers, Alphabet's Google has recently bagged some big deals, including one with OpenAI, and last week it cited massive demand for its cloud services for boosting spending plans for the year. Google's strong performance has sparked worries that the company could be taking market share from AWS, which analysts said could prompt Amazon to increase its own capital expenses as well, as could Microsoft when it announces its results on Wednesday. "We have heard murmurs that AWS' struggle to develop a strong AI model has fueled a perception that it is trailing behind Google within AI development," Scotiabank analysts said, adding they expect margins at AWS to also pull back from the 39.5% seen in the first quarter. On Thursday, though, investors will pay more attention than usual to Amazon's e-commerce business, which has so far well withstood the pressures stemming from U.S. President Donald Trump's tariff threats and trade deals. Sellers still prefer to hawk their wares on as the e-commerce giant has cemented the top spot in offering low prices, convenience, and product selection. Amazon said in May that third-party sellers on were pulling forward orders to boost inventory, and the company was pushing them to keep prices as low as possible. Walmart (WMT.N), opens new tab, the world's largest retailer, said in May it would start raising prices due to tariffs. "Amazon remains the go-to destination for online deals and continues to draw strong consumer and brand engagement ... price increases have been more muted than expected, and second-quarter sales were solid as consumer spend stayed resilient," Jefferies analyst Brent Thill said. Inventory levels also "appear healthy" across most sellers on Amazon heading into the key back-to-school and holiday shopping seasons, Thill added. Many consumer-facing companies have warned that tariffs are hitting their business. Automakers and consumer food giants including Coca-Cola (KO.N), opens new tab have indicated that some segments of the buying public have pulled in their spending. While major retailers slowed or halted orders for China-made goods and discretionary merchandise earlier in the year, brands are expecting improvements in sales in the current quarter as trade negotiations settle, analysts said. Evercore analysts said a survey conducted by the brokerage found that 95% of respondents picked Amazon as their most common go-to website for shopping online this year. That represented an increase of 5% from 2024. Preference for the No. 2 and No. 3 rivals - Walmart (WMT.N), opens new tab and Target (TGT.N), opens new tab - declined 7% and 3%, respectively. "While tariff uncertainty creates a challenge for Amazon and every other retailer, our strong belief is that given its scale, supply diversification, and logistics sophistication, Amazon will be better able to manage tariff challenges than practically any other company," Evercore analysts said.
Zawya
29-07-2025
- Business
- Zawya
Joyalukkas partners with Zoho to unify sales operations & redefine customer experience across global retail operations
Dubai: Joyalukkas, one of the world's largest jewellery retailers with over 175 showrooms across 11 countries, has partnered with Zoho to drive a large-scale digital transformation of its global retail operations. In the first phase, the company implemented Zoho's Customer Experience Platform across more than 100 stores in India and 27 stores in UAE, unifying sales and service functions, centralising customer data and enhancing operational agility. The platform is also deployed across Joyalukkas' 10 international markets, including the United Kingdom, United States, Singapore, and Malaysia. Powered by contextual intelligence, the platform enables personalised, real-time engagement and establishes a scalable foundation for customer experience innovation across global markets. As a legacy premium brand with a growing global presence, Joyalukkas continues to evolve to meet the dynamic needs of its customers across markets. With an expansive omnichannel footprint, the brand recognised the opportunity to enhance its customer experience by bringing greater cohesion, intelligence and agility to its operations. To elevate visibility, streamline processes and enable seamless engagement across touchpoints, Joyalukkas sought more than a traditional CRM. The goal was clear - a unified, adaptable, and insight-driven platform that could support its ambitious, customer-centric vision at scale. Led by Zoho's Enterprise Business Solutions (EBS) team, the transformation followed a phased, consulting-led implementation model tailored to Joyalukkas' global operations. ' In a business like ours where trust, heritage, and emotional connection define the customer relationship, experience is everything. With operations spanning diverse geographies and millions of touchpoints, we needed more than just a CRM. We needed a platform that could unify data, adapt to local nuances, and scale globally. Zoho's Customer Experience Platform gives us that foundation. It enables our teams to engage with customers not just based on transactions, but with a deep understanding of their preferences, behaviours and context. This transformation is helping us transition from reactive service to proactive, insight-led engagement across every region we operate in,' said John Paul Alukkas, Managing Director, Joyalukkas. "Luxury retail operates at the intersection of emotion, prestige, and quality. For a cherished brand like Joyalukkas, delivering that signature experience consistently across global markets is key' said Hyther Nizam, President of Zoho MEA. 'This requires technology that is intelligent and intuitive, integrates seamlessly, scales efficiently, and adapts to local needs. Our Customer Experience Platform is built to support these requirements, providing a unified view of the customer and enabling contextual engagement. With deep data unification, omnichannel orchestration, and rapid implementation, the platform enables enterprises to pivot quickly and engage customers meaningfully. Joyalukkas' ability to adopt this transformation at such speed highlights their vision, operational strength, and commitment to customer value, he added further. About Joyalukkas Joyalukkas Group is a global conglomerate that continues to be rooted in trust, craft and connection. Since 1987, Joyalukkas Jewellery has brought together artistry and precise design across 11 countries and over 10 million customers. Every piece that is created carries an intention that is designed for real memories, meaningful moments, and future legacies. With a team of over 10,000 dedicated professionals, Joyalukkas remains committed to delivering thoughtful service and timeless collections, while adapting to the evolving needs of every market the company serves. For more information, visit About Zoho With over 55 apps across nearly every major business category, Zoho Corporation is one of the world's most prolific technology companies. Headquartered in Chennai, India, Zoho is privately held and profitable, employing more than 18,000 people worldwide. Zoho is committed to user privacy and does not rely on an ad-revenue business model. The company owns and operates its data centers, providing full oversight of customer data privacy and security. Over 130 million users globally—across hundreds of thousands of companies—trust Zoho to run their businesses, including Zoho itself. For more information, visit
