All Amazon articles

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    Article

    Amazon doesn’t owe any taxes in Europe

    2021-05-16T16:26:00Z

    Amazon EU has won an appeal to Europe’s General Court against a 2017 ruling by the European Commission that ordered it to pay €250 million in back taxes to the government of Luxembourg, which were considered as “illegal state aid.” The Commission reacted with a plea for an international ...

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    ​Amazon steps up counterfeit crackdown, blocks 10bn suspected listings

    2021-05-14T10:38:00Z

    As e-commerce got a further boost from the pandemic and months-long lockdowns in several countries, Amazon has stepped up its brand protection strategy in a bid to uphold its reputation as a dependable online marketplace amid growing numbers of counterfeiters and scammers attempting to sell products to home-bound consumers. ...

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    Amazon issues a maiden $1bn green bond

    2021-05-11T17:04:00Z

    Amazon raised $1 billion with the issuance of its first sustainability bond on May 10. The proceeds will be used to invest in renewable energy, clean transport, sustainable buildings, affordable housing, and socioeconomic advancement and empowerment, it said. The U.S. e-commerce plans to be carbon free, on a ...

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    Amazon to open 8th logistics hub in France

    2021-05-04T16:12:00Z

    The U.S. online retailer Amazon will open an eighth logistics center in France in the northeast town of Metz. The 156,000 square meter site is scheduled to open in the summer of 2021. The company has started recruiting for the site and pledged to create 1,000 permanent jobs ...

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    Amazon’s sales grew by 44% in Q1

    2021-05-02T07:18:00Z

    Beating estimates, Amazon ’s net sales jumped by 44 percent to $108.5 billion in the first quarter, driven by the ongoing online shopping boom caused by the Covid pandemic. Excluding a $2.1 billion favorable impact from changes in foreign exchange rates during the quarter, the revenue increase was limited at ...

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    Article

    ANWR makes its debut on Amazon.fr in online retail expansion

    2021-03-29T08:43:00Z

    Less than three months after its debut on Dutch platform Amazon.nl, ANWR lands on Amazon.fr, the French website of the American online retail giant, in a move to further expand its affiliated retailers’ Europe-wide online reach. As there are still no uniform regulations across Europe regarding easing restrictions ...

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    Amazon becomes top clothing retailer in U.S.

    2021-03-24T15:17:00Z

    Amazon overtook Walmart to become the top apparel and footwear retailer in the U.S. last year, as online sales jumped during the Covid-19 pandemic, according to research from the American bank Wells Fargo . The e-commerce giant’s apparel and footwear sales in the U.S. grew by about ...

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    Amazon Fashion has a new president

    2021-03-08T09:00:00Z

    Amazon Fashion has named Muge Erdirik Dogan president, replacing Christine Beauchamp , who was promoted to head the online retailing group’s consumer categories in North America. Dogan has been with Amazon for nearly 14 years, during which she managed various category, technology and operations teams.

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    Wildberries and Amazon enter new countries in Europe

    2021-03-03T20:41:00Z

    Russia’s biggest online retailer, Wildberries , has started to operate in France, Italy and Spain, with dedicated sites and mobile apps tailored to the local markets, the company has said in a statement. It has been operating in Germany since January. The company currently offers about four million items ...

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    Article

    Bezos hands over leadership of Amazon

    2021-02-03T17:19:00Z

    Jeff Bezos will hand over the chairmanship of Amazon ’s board in the third quarter of 2021 to Andy Jassy , the head of the cloud business Amazon Web Services ( AWS ). Bezos founded Amazon in 1994 and built the company from an online bookstore into ...

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    Google probed by the EU

    2021-01-26T10:13:00Z

    Google is under dual investigations in the European Union for allegedly abusive practices in its advertising business. This month, according to Reuters , anti-trust regulators for the EU have sent to a number of advertisers a 13-page questionnaire regarding the “Include Google Display Network” default setting for search campaigns ...

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    Article

    Stocks of footwear companies fell by 16.3% in 2020

    2021-01-18T09:27:00Z

    Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.

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    New anti-Covid measures in Germany

    2020-12-15T08:32:00Z

    In concert with the governments of the individual Länder, the federal government of Germany has ordered the lockdown of all the brick-and-mortar stores that sell non-essential products, starting on Wednesday, Dec. 16. The new restrictions came after a spike in new contaminations from Covid-19. They will last until at ...

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    Article

    EU to cut greenhouse emission by 55% by 2030

    2020-12-11T17:00:00Z

    The 27 members of the European Union agreed on Dec. 11, after a night of negotiations, to reduce by at least 55 percent their greenhouse gas emissions by 2030, compared with 1990 levels, increasing the target from a previous objective of 40 percent. “Europe will reduce emissions by at ...

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    Article

    EU estimates Amazon broke competition rules

    2020-11-11T16:37:00Z

    The European Commission believes Amazon violated competition rules by unfairly benefiting from non-public data on independent sellers who use its marketplace, it said in its preliminary findings from an antitrust investigation underway against the American e-commerce giant since last year. The European Union’s executive body added it was also ...

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    Article

    Amazon Q3 sales up 37%, net profit triples

    2020-11-04T09:42:00Z

    Amazon ’s third-quarter sales grew by 37 percent to $96.1 billion. They were boosted by booming online transactions during the coronavirus crisis worldwide, which prevented or discouraged shoppers from purchasing in physical stores. Excluding a $691 million favorable impact from year-over-year changes in foreign exchange rates during the quarter, sales ...

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    Amazon hires extra 100,000 people in U.S., Canada

    2020-09-15T15:40:00Z

    Amazon is hiring an additional 100,000 people in the U.S. and Canada on top of 33,000 corporate and technology jobs announced last week. The roles offer a starting wage of at least $15 per hour, and in select cities the online retailer is offering sign-on bonuses up to ...

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    Article

    Amazon: The Janus-faced company

    2020-09-08T08:51:00Z

    The current Covid-19 crisis has accelerated Amazon ’s consumer goods business exponentially. The Silicon Valley giant doubled its profits in the second quarter of this year and increased its turnover to nearly $89 billion. The share value has also nearly doubled since the middle of March. On Sept. 1, Amazon ...

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    Amazon’s head of European retail is stepping down

    2020-09-08T08:50:00Z

    Xavier Garambois, who has been running Amazon ’s European retail operations for the past eight years, is leaving the company. According to The Telegraph, he will be replaced by Jorrit Van der Meulen , Amazon’s vice president for Europe, who has also been in charge of Amazon Devices ...

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    Walmart launches Walmart+ membership program

    2020-09-01T18:51:00Z

    Walmart is launching the membership program Walmart+ , its much anticipated response to Amazon Prime . Membership will be available to all U.S. customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period. Members will receive unlimited ...