According to sources, Amazon did not expect to make a profit for four to five years. This comparatively slow growth caused stockholders to complain that the company was not reaching profitability fast enough to justify their investment or even survive in the long-term. The dot-com bubble burst at the start of the 21st century and destroyed many e-companies in the process, but Amazon survived and moved forward beyond the tech crash to become a huge player in online sales. The company finally turned its first profit in the fourth quarter of 2001: $5 million (i.e., 1¢ per share), on revenues of more than $1 billion. This profit margin, though extremely modest, proved to skeptics that Bezos' unconventional business model could succeed.
PriceChecker is a UK price comparison website allows you to compare prices of electronics, entertainment, household goods, fashion and more. Store owners can benefit from having their products featured on the website as not all products have competition. Some products on the site only have one retail price while others allow customers to compare prices.
Amazon occasionally sends out invitations for customer surveys which can earn you online gift cards. The surveys are done by third-parties, but be careful how much information you give out. Amazon says it never asks you to provide account information, passwords or social security numbers. If you get a survey that does, stop taking it and contact Amazon.
Our favorite is DealNews.com, which has a team of deal hunters who keep their eyes on a million products at more than 2,000 reputable online retailers and update the site with new deals at least 200 times a day. Plus, it works with merchants to offer exclusive deals you won't find elsewhere. There's a picture of each product and ample information, including the original price, sale price and whether it's the lowest price DealNews has found for the product. You can sign up for e-mail alerts for products or stores you're interested in and get shopping advice from the site's buying guides.
Buying a tech gift this holiday season? Download BuyVia to your iOS or Android device. It compares prices at national and local outlets and lets you set up alerts (including location-based) for products. At a store and unsure if the price on the shelf is the lowest you can find? Use the UPC barcode scanner to get an answer on the spot. BuyVia also simplifies the tech jargon for gift buyers and quotes reviews (including PCMag's) in its product descriptions, recommending who it would make a good gift for and how they can use it.
It's tough to beat RetailMeNot.com when it comes to the number of coupon codes and offers the site has. It provides 500,000 offers from more than 50,000 retailers and brands. It also provides exclusive codes through partnerships with retailers on a weekly basis. Its free mobile app will notify you when there are offers at nearby malls, stores and restaurants (if you let it track your location, that is). Another great coupon site and app with a wide selection of printable coupons and online promo codes is CouponSherpa.com.
Some workers, "pickers", who travel the building with a trolley and a handheld scanner "picking" customer orders can walk up to 15 miles during their workday and if they fall behind on their targets, they can be reprimanded. The handheld scanners give real-time information to the employee on how fast or slowly they are working; the scanners also serve to allow Team Leads and Area Managers to track the specific locations of employees and how much "idle time" they gain when not working. In a German television report broadcast in February 2013, journalists Diana Löbl and Peter Onneken conducted a covert investigation at the distribution center of Amazon in the town of Bad Hersfeld in the German state of Hessen. The report highlights the behavior of some of the security guards, themselves being employed by a third party company, who apparently either had a neo-Nazi background or deliberately dressed in neo-Nazi apparel and who were intimidating foreign and temporary female workers at its distribution centers. The third party security company involved was delisted by Amazon as a business contact shortly after that report.
Walmart offers the Danby 18" Portable Dishwasher for $379.99 with free shipping. That's $40 under our mention from three weeks ago and the lowest price we could find by $67. It boasts a low water consumption of up to 13.2 litres of water, features intuitive electronic controls with display light, six wash cycles, and a built-in water softener system.
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.