All Amazon articles
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ArticleGrendene’s Q4 bottom line underpinned by lower raw material costs
Grendene realized 13 percent year-over-year Ebitda growth to 168.2 million Brazilian reais (€31.3m) in the fourth quarter of 2023, while the net profit grew by 20 percent higher to R$243.0 million (€45.2m) as lower raw material costs offset weak sales. Fourth-quarter net revenues slipped by 0.4 percent to R$760.8 million ...
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ArticleThe stocks of footwear companies inched up in Q4
The prices of stocks monitored by Shoe Intelligence grew by 4 percent on average in the fourth quarter of 2023, compared with the previous three months, but trading remained volatile, with significant fluctuations among the companies of the cohort. The quarter was marked by the initial public offering (IPO) of ...
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News briefs
Amazon fined in France for excessive surveillance of staff
The Amazon France Logistique arm of U.S. e-commerce giant Amazon was fined €32 million by the French data protection authority for “excessively invasive” surveillance of its employees. According to the authority, the data collected by the scanners used by employees in the parcel processing warehouses represents an “excessive” monitoring system ...
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ArticlePrada’s footwear sales slow down sharply in Q3
In the first nine months of 2023, footwear sales for Prada Group in the retail channel rose by 16 percent year-over-year at constant currency rates to €556 million. Shoes represented 19 percent of the group’s retail sales. In the sole third quarter, footwear sales grew by 10 percent, half the ...
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ArticleZalando tops the ranking of European fashion e-tailers
In 2022, Zalando topped the ranking of online fashion retailers operating in the European Union, according to the second edition of “Top 250 Fashion & Beauty Retail Europe” released by Cross-Border Commerce Europe. Zalando controlled 9.8 percent of the EU online fashion market largely thanks to its strong presence in ...
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ArticleConcern about a slowdown at Heydude weighs on Crocs
Crocs Inc. generated more than $1 billion in second-quarter revenues on 12 percent constant-currency growth. The company increased its annual revenue guidance on to surpass the $4 billion mark, but the company’s share price plummeted 14 percent on the day on worries that the group’s pace of revenue growth, particularly ...
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News briefs
Amazon’s remedies to Marketplace satisfy the U.K.'s watchdog
The Competition and Markets Authority (CMA), the British competition watchdog, said the offer from Amazon to change the way it treats third-party sellers using its Marketplace platform in the U.K. addressed its competition concerns. “The CMA’s preliminary view is that the offer from Amazon addresses its competition concerns and the ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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ArticleAmazon posts 9% sales increase in Q1
Amazon.com, Inc. posted net sales of $127.4 billion in the first quarter of 2023, representing a 9 percent increase versus the first quarter 2022. Excluding the $2.4 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the sales increase was of 11 percent. The operating income ...
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News briefsAmazon destroyed over 6m counterfeit items in 2022
Amazon claims that it destroyed over 6 million counterfeit goods in 2022 compared with some 3 million in 2021 and about 2 million in 2020. “Our efforts to identify and dismantle counterfeit organizations are working and making a positive impact. In 2022, Amazon’s Counterfeit Crimes Unit sued or referred for ...
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News briefs
Amazon cuts an extra 9,000 jobs
Amazon plans a new round of job cuts involving about 9,000 employees, the chief executive, Andy Jassy, informed staff in memo, according to the news agency AP. According to the report the redundancies will mostly impact staff of the cloud services, advertising and Twitch units. In January, the U.S. ...
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Amazon Q4 revenues top forecasts while profit decreases
Amazon posted net sales of $149 billion for its fourth quarter ended Dec. 31, 2022, for a 9 percent increase compared with the fourth quarter of 2021. Revenues topped forecasts and were driven by “a record-breaking holiday season,” the company said. The company expected fourth-quarter net sales of $140.0 to ...
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Amazon to close 3 U.K. warehouses
Amazon plans to shut down three warehouses in the U.K. as part of a restructuring of its logistics business in the country. The closure of the warehouses located in Hemel Hampstead, Doncaster and Gourock will impact 1,200 jobs, but people will be given the possibility to transfer to other units. ...
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ArticleStocks of U.S. footwear companies rebound in Q4
Trading remained very volatile in the fourth quarter of 2022 with the various clusters of our universe of stocks often fluctuating significantly compared with the previous three months. Overall, Shoe Intelligence’s selection of stocks continues to trend water, rising by just over 2 percent on average. Shares of Brazilian footwear ...
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News briefs
Amazon to lay off 18,000 people
Amazon will lay off over 18,000 employees, with the majority focused on Amazon Stores and the People, Experience, and Technology (PXT) organizations, announced Andy Jassy, the company’s CEO. The U.S. online retailer plans to start talking to employees or representative bodies from Jan. 18. “Amazon has weathered uncertain and difficult ...
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ArticleEU court rules that Amazon may be liable for sale of counterfeit Louboutin shoes
Amazon has been dealt a blow after the Court of Justice of the European Union (CJEU) ruled that the U.S. online retailer may be liable for alleged intellectual property breaches by advertising counterfeit Louboutin shoes on its store. Two lower courts in Luxembourg and Belgium had referred a case ...
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ArticleAmazon, EU reach deal to end antitrust investigation
The European Commission said it has made commitments offered by Amazon legally binding under European Union antitrust rules, allowing to resolve competition concerns over the U.S. online retailer’s use of non-public marketplace seller data and possible bias in granting sellers access to its Buy Box and Prime program. In July ...
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News briefs
Amazon provides weak guidance for holiday season
Amazon has announced a net sales increase of 15 percent to $127.1 billion in the third quarter ended Sept. 30. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates during the quarter, net sales increased 19 percent versus third quarter 2021. Sales at the Amazon Web ...
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Amazon expands legal efforts to stop the source of fake reviews
Amazon has announced that it has filed its first criminal complaint in Italy and its first lawsuit in Spain as part of its legal efforts to shut down fake review brokers. These two unprecedented lawsuits in Europe target bad actors that attempt to orchestrate fake reviews on Amazon and other ...
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Amazon faces class action for allegedly favoring some products
Amazon faces a class action in the U.K. for allegedly favouring some products on its platform. According to estimates, the lawsuit, if successful, could result in damages of £900 million (€1,034m) for the U.S. online retailer. The legal action, which is expected to be filed in the Competition Appeal Tribunal ...
