Image: Kevin Carter
Close to moving in together? Now may be a Prime time to consider taking the next step. Amazon this week confirmed that it will begin requiring customers to live under the same roof in order to share free, two-day shipping under Prime.
Until now, the retail giant’s Prime Invitee program let members extend shipping benefits to outsiders. That ends this fall. Those invitees will get a notice on Sept. 5 telling them to either (a) sign up for their own account, or (b) move in with the account holder.
Prime directive: With the move, Amazon is nudging freeloaders toward full-price options, in a shift that comes as US Prime sign-ups were underwhelming in the lead-up to this year’s Prime Day.
Looking ahead…Amazon’s move will officially take effect on Oct. 1, ahead of a holiday shopping season that’s projected to be unusually muted. A new PwC report indicates Americans are planning to spend 5% less compared to last year, which would mark the first holiday spending pullback since 2020.
Kohl’s is finally handing investors a return that isn’t store credit.
Keurig Dr Pepper yesterday agreed to buy Dutch coffee giant JDE Peet’s for $18.4 billion, marking the biggest European acquisition since 2023 and ensuring that Peet will be a recurring guest on Keurig’s pod.
US investors’ torrid love affair with AI showed signs of slowing yesterday, following a pair of recent developments that cast doubt on the technology’s widely hyped potential.
Let's make our relationship official, no 💍 or elaborate proposal required. Learn and stay entertained, for free.👇
All of our news is 100% free and you can unsubscribe anytime; the quiz takes ~10 seconds to complete