August 2016 Weather Report
Temperatures for the U.S. will trend the warmest in at least five years.
August begins with an active pattern along the East Coast with showers and thunderstorms. Heat will be building across the Central U.S. with a heat wave likely developing in the first week of August. The heat spreads to the East Coast later in the week. Another heat wave during the second retail week of the month will keep it feeling firmly like summer.
Back-to-School shopping will be largely fueled by tax holidays in several states. Hot weather will have consumers looking to snap up late summer clearance and consumables such as charcoal, sun care, and cold beverages, especially during the first two weeks of the month. A brief break in the heat will move out of the northern Rocky Mountains and across the Great Lakes and Northeast late in week two and early week three. An eye will need to be kept on the tropics as an active hurricane season is likely in the Atlantic.
Weather Trends International offers year-ahead business weather forecasts and intelligence to hundreds of major retai1lers, suppliers, and we also support many commodity/energy traders. We offer an unparalleled competitive advantage by helping our clients proactively plan for the weather up to a year in advance.
For more information on what we can do for you, please contact Jack Grum [email protected] or call 610-807-0118.
Amazon crushes earnings expectations
Two weeks after its second annual Prime Day surpassed expectations, Amazon’s winning streak continued as it posted its fifth straight quarter of profitability.
The online giant posted adjusted earnings per share of $1.78 for the quarter ended June 30, easily surpassing expectations for $1.11. Net income was $857 million, compared with $92 million in the year-ago period.
Amazon Web Services (AWS) was crucial to the company’s second quarter profit performance, and accounted for more than half of its overall profits, reported mashable.com.
“While its (AWS) sales are a relatively small part of the company, the business now contributes more profits than its overall North America operations,” the report said.
Amazon’s net sales for the quarter also came in higher than expected, jumping 31% to $30.4 billion, up from $23.2 billion in the year-ago period.
Detailing its second quarter highlights, Amazon said its second annual Prime Day was the biggest sales day ever for Amazon, and was also a record day for Amazon devices globally. Compared to Prime Day 2015, worldwide orders grew by more than 60%.
In its quarterly release, Amazon also highlighted its recent activity in India.
“It’s been a busy few months for Amazon around the world, and particularly in India — where we launched a new AWS Region, introduced Prime with unlimited free shipping, and announced that Prime Video is coming soon, offering Prime members in India exclusive access to Amazon Original Series and Movies — including original content featuring top Indian creators and talent,” said Jeff Bezos, founder and CEO of Amazon.com.
Looking ahead to the third quarter, Amazon said it expects net sales between $31.0 billion and $33.5 billion, or to grow between 22% and 32% compared the year-ago period.
Oracle to acquire NetSuite in mega-deal
In one of the largest acquisitions in its history, Oracle Corp. has agreed to buy cloud-software provide NetSuite for $9.3 billion, or $109 per share in an all-cash deal, the companies announced Thursday.
“Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever,” said Mark Hurd, CEO, Oracle. “We intend to invest heavily in both products — engineering and distribution.”
The acquisition will give a big boost to Oracle in its effort to gain market share in the fast-growing cloud computing business.
“NetSuite has been working for 18 years to develop a single system for running a business in the cloud,” said Evan Goldberg, founder, chief technology officer and chairman, NetSuite. “This combination is a winner for NetSuite’s customers, employees and partners.”
Oracle’s executive chairman Larry Ellison holds positions on both sides. He and his family owned nearly 40% of NetSuite's shares as of April, according to a regulatory filing from NetSuite, and he owned 27% of Oracle common shares according to a filing in September.
Oracle said the deal to acquire NetSuite was led by a committee of independent directors. The closing of the deal is subject to a condition that a majority of NetSuite's outstanding shares not be owned by NetSuite executive officers or directors, or persons related to or affiliated with Ellison.