Oct 6, 2017

Costco: another retailer investors are fleeing

It's been a bad year for retailers, as investors have been dumping the entire sector (except Amazon). With consumers continuing to move their shopping online, the latest victim is bulk retailer Costco, whose shares fell by nearly 6% by Friday afternoon, making it the worst performing stock of the day in the S&P 500.

Data: Money.net; Chart: Andrew Witherspoon / Axios

Why investors have soured on the company: Costco announced shrinking profit margins, combined with a plan to begin a grocery delivery service, which may end up cannibalizing more profitable in-store sales. The news seems to have served as an admission to investors that Costco—which as a bulk retailer was thought to be immune to online competition—is feeling the heat from Amazon and Walmart's stepped-up e commerce division.

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Amazon flexes its formidable shipping arm

Illustration: Sarah Grillo/Axios

After conquering e-commerce and cloud computing, Amazon is claiming its spot at the very top of the massive shipping industry this holiday season.

Why it matters: Logistics might make your eyes glaze over, but it's one of the key businesses of the future — and it could become Amazon's next windfall. The industry is already worth $1.5 trillion, and it'll get even bigger as more and more people order everything online.

Go deeperArrowDec 18, 2019

A record for out-of-store spending

Illustration: Aïda Amer/Axios

Americans are now spending nearly as much money remotely as they are in person.

Why it matters: It's a nod to the e-commerce boom, where corporate giants like Amazon and other businesses that bulked up their online presence are cashing in like never before.

Go deeperArrowDec 20, 2019

Amazon and Big Tech can't escape climate pressure

Illustration: Sarah Grillo/Axios

2020's first battle between Big Tech and climate activists is already here, and it won't be the last.

Driving the news: Amazon Employees for Climate Justice (AECJ) yesterday alleged management is trying to prevent employees from continuing to publicly criticize corporate policies.

Go deeperArrowJan 3, 2020