Oct 1, 2019

Poll: Almost half of holiday toy purchases will be made online

Adapted from CivicScience; Chart: Axios Visuals

A recent poll of more than 1,200 adults who plan to buy toys this holiday found that almost half of those purchases will be made at online-only retailers like Amazon.

By the numbers: A little more than 40% of respondents said their shopping will be done inside stores, either at a big box retailer like Target and Walmart or at a specialty toy store.

Watch this space: "American toy shoppers who have a Prime membership are over 200% more likely to make the bulk of their toy purchases online compared to Amazon subscribers who don’t have a Prime membership. They are also 125% more likely to buy mostly online compared to people who don’t have an Amazon account at all," data firm CivicScience found.

  • "On the flip side, Amazon.com account holders who don’t have a Prime membership are 150% more likely to use Target.com or Walmart.com for the bulk of their toy purchases."

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Walmart is winning the antitrust wars

Illustration: Aïda Amer/Axios

At a moment when regulators, politicians and consumers are railing against companies getting too big, one behemoth has been growing under the radar: Walmart.

The big picture: Walmart already had its turn as the corporate villain in the 1980s. Now, as tech companies bear the brunt of the scrutiny, the retail giant is amassing wealth — earning $514.4 billion in revenue, the most of any company on Earth, in 2018.

Go deeperArrowOct 9, 2019

Amazon's speedy one-day shipping is denting its profits

An Amazon warehouse outside Paris. Photo: Philippe Lopez/AFP via Getty Images

Amazon shares fell more than 6% Thursday after the company's quarterly earnings fell for the first time in two years, coming in below analysts' expectations.

Between the lines: Amazon had been posting record profits in recent quarters, but its move to offer one-day shipping to Prime customers is clearly denting the bottom line. Last quarter, the company spent nearly $10 billion on shipping, but the company has long been willing to sacrifice short-term profitability to make moves that are popular with consumers and are hard for rivals to match.

Go deeper: More than 200 independent musicians plot Amazon boycott over work with ICE

Keep ReadingArrowOct 25, 2019

Emergency room visits create financial disruptions for patients

Photo: Terry Vine/Getty Images

Medical bills have created financial hardship for most Americans within the last 5 years, including most people with high credit scores, according to a new survey by Elevate's Center for the New Middle Class.

Why it matters: Health care costs are increasingly unaffordable not just to low-income or financially illiterate people, but also to those who are comfortably middle class with a proven track record of money management.

Go deeperArrowOct 9, 2019