According to an August 8, 2018 story in Bloomberg Businessweek, Amazon has about a 5 percent share of U.S. retail spending (excluding cars and car parts and visits to restaurants and bars), and a 43.5 share of American online spending in 2018. The forecast is for Amazon to own 49 percent of the total American online spending in 2018, with two-thirds of Amazon's revenue coming from the U.S.
West Basics via Amazon offers the West Leathers Men's Italian Top Grain Leather Belt in several styles (202 pictured) for $25.99. Coupon code "KQDXI6PL" cuts that to $10.40. With free shipping, that's tied with our mention from two weeks ago, $16 off, and the lowest price we could find. It's available in sizes 20"-36" and 20"-42", although not in all styles. Deal ends November 7.
"Search Inside the Book" is a feature which allows customers to search for keywords in the full text of many books in the catalog. The feature started with 120,000 titles (or 33 million pages of text) on October 23, 2003. There are about 300,000 books in the program. Amazon has cooperated with around 130 publishers to allow users to perform these searches.
At the top of Amazon’s homepage, click the tab called “Today’s Deals” to link to all the deals, coupons and bargain pages. The main page, also called Gold Box Deals, provides links to all the sale items and tabs to all the discount pages. Scrolling down reveals a few examples of sale items offered on each page. At the bottom, you will find links to additional businesses which are owned by or partner with Amazon; such as 6PM for clothes and shoes and MYHABIT for housewares.
New Nintendo Switch Online Service Pass ($8-$20). Nintendo's new online service launched this week. It lets Switch players compete online and gives them access to a bundle of retro games like Super Mario Bros. 3 that are now playable online with friends. If you want to gift or buy a year of online service without subscribing to recurring billing from Nintendo, Amazon offers 12 months for $20 or 3 months for $8.
Win Pearl offers this 10.5mm AAA- Black Freshwater Pearl 52" Rope Necklace for $299.99. Coupon code "dealnews211" cuts that to $84.99. With free shipping, that's tied with last month's mention, $365 off list, and the lowest price we could find. It features 9.5mm to 10.5mm grade AAA- round pearls, with hand-knotting between each pearl. Deal ends November 7.
After reading a report about the future of the Internet that projected annual web commerce growth at 2,300%, Bezos created a list of 20 products that could be marketed online. He narrowed the list to what he felt were the five most promising products, which included: compact discs, computer hardware, computer software, videos, and books. Bezos finally decided that his new business would sell books online, due to the large worldwide demand for literature, the low price points for books, along with the huge number of titles available in print. Amazon was founded in the garage of Bezos' rented home in Bellevue, Washington. Bezos' parents invested almost $250,000 in the start-up.
Amazon derives many of its sales (around 40% in 2008) from third-party sellers who sell products on Amazon. Associates receive a commission for referring customers to Amazon by placing links to Amazon on their websites if the referral results in a sale. Worldwide, Amazon has "over 900,000 members" in its affiliate programs. In the middle of 2014, the Amazon Affiliate Program is used by 1.2% of all websites and it is the second most popular advertising network after Google Ads. It is frequently used by websites and non-profits to provide a way for supporters to earn them a commission. Amazon reported over 1.3 million sellers sold products through Amazon's websites in 2007. Unlike eBay, Amazon sellers do not have to maintain separate payment accounts; all payments are handled by Amazon.
On January 22, 2018, Amazon Go, a store that uses cameras and sensors to detect items that a shopper grabs off shelves and automatically charges a shopper's Amazon account, was opened to the general public in Seattle. Customers scan their Amazon Go app as they enter, and are required to have an Amazon Go app installed on their smartphone and a linked Amazon account to be able to enter. The technology is meant to eliminate the need for checkout lines. Amazon Go was initially opened for Amazon employees in December 2016. In August 2018, the second Amazon Go store opened its doors.
In July 1995, the company began service as an online bookstore. The first book sold on Amazon.com was Douglas Hofstadter's Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought. In the first two months of business, Amazon sold to all 50 states and over 45 countries. Within two months, Amazon's sales were up to $20,000/week. In October 1995, the company announced itself to the public. In 1996, it was reincorporated in Delaware. Amazon issued its initial public offering of stock on May 15, 1997, at $18 per share, trading under the NASDAQ stock exchange symbol AMZN.
Amazon puts all of its daily deals into a Gold Box. Check the Today's Deals page to access these daily deals and get limited-time savings of up to 80% off select items, coupons to instantly clip and access to Lightning Deals. Lightning Deals are available only for a limited amount of time and have a countdown timer showing how much time is left to get the discount. Shop before the deal expires or the item sells out.