Amazon has launched a new car sales feature called “Amazon Autos” on its website, allowing shoppers in 48 major U.S. cities to purchase new cars starting at $22,500 from manufacturers like Hyundai. While the platform offers transparent pricing and a familiar shopping interface, its limited selection of only Hyundai vehicles and inability to negotiate prices may deter some buyers. Amazon plans to expand to other manufacturers in 2025, providing a potential solution to these limitations.
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Tommy Bahama maker Oxford depends on Florida for sales. It just cut its outlook following hurricanes Milton and Helene.
Shares of Oxford Industries dropped in after-hours trading following the company's decision to lower its full-year forecast due to the impact of hurricanes Milton and Helene on its primary market, the Southeast U.S. The maker of popular clothing brands like Tommy Bahama and Lilly Pulitzer cited the severe weather conditions in the region as a key factor affecting its financial outlook. Full Article
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