All Amazon articles – Page 2
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ArticleSecondhand online marketplaces on the rise
Cross-border marketplaces are developing fast, and the C2C trend is one of the drivers.
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News briefs
Amazon in green hydrogen supply deal
Amazon has signed an agreement with Plug Power to supply 10,950 tons per year of green hydrogen for its transportation and building operations, starting in 2025. The move is part of Amazon’s efforts to meet its Climate Pledge commitment to be net-zero carbon across its operations by 2040. Amazon co-founded ...
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News briefs
Amazon not seen liable for sale of counterfeit Louboutin shoes
The advocate general of the Court of Justice of the European Union (CJEU), Maciej Szpunar, estimates that Amazon is not liable for the sale of counterfeit Christian Louboutin shoes on its platform. In 2019, Louboutin sought an injunction against the U.S. online retailer in courts in Luxembourg and Belgium on ...
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News briefs
Amazon's operating income tumbles
Amazon’s first-quarter revenue rose by 7.3 percent year-over-year to $116.44 billion. Operating income, however, decreased to $3.7 billion and net loss was $3.8 billion. On a diluted basis, this resulted in a loss per share of $7.56.According to Amazon, this was mainly due to a $7.6 billion loss from the ...
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News briefs
Amazon reverses ban on U.K. Visa cards
Amazon has suspended a decision to ban the use of Visa credit cards in the U.K. The decision to ban the use of the cards from Jan. 19 was announced in November and was blamed on “high cost of payments”. The American online retailer said “we are working closely with ...
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News briefs
Amazon fined €1.129bn in Italy
The Italian fair trade agency, AGCM, has fined U.S. online retailer Amazon €1.129 billion for abuse of dominant position in order fulfilment. The regulator fined the companies Amazon Europe Core, Amazon Services Europe, Amazon EU, Amazon Italia Services and Amazon Italia Logistica. It noted that Amazon has a position of ...
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News briefs
Amazon U.K. bans Visa cards
Amazon has informed British customers that it will no longer accept payments made with Visa credit cards from Jan. 19 blaming a “high cost of payments”. “As a result of Visa’s continued high cost of payments, we regret that Amazon.co.uk will no longer accept U.K.-issued Visa credit cards as of ...
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News briefs
Amazon hires 125,000 people in the U.S.
The US online retailer Amazon plans 125,000 local hires throughout the U.S., on top of the 40,000 corporate and technology jobs announced earlier this month. The roles in fulfillment and transportation offer an average starting wage of more than $18 per hour, reaching up to $22.50 per hour in some ...
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News briefs
Amazon to open 8 extra warehouses in Germany
By mid 2022, Amazon plans to open additional eight warehouses in Germany that will lead to the creation of 3,000 jobs. The sites will be located in Dummerstorf, Erding, Friedrichsdorf, Helmstedt, Hof/Gattendorf, Neu-Ulm, Weiterstadt and Wenden. This year, the company expects to complete the distribution centers of Friedrichsdorf, Neu-Ulm and ...
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ArticleAmazon’s sales slow down in Q2
Amazon posted net sales of $113.1 billion in the second quarter ended June 30, representing a 27 percent increase as compared to the prior year quarter. It was also, however, a significant slowdown from the second quarter of 2020, when sales jumped by 40 percent. Excluding the $2.5 billion ...
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ArticleAmazon doesn’t owe any taxes in Europe
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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ArticleAmazon steps up counterfeit crackdown, blocks 10bn suspected listings
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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News briefs
Amazon issues a maiden $1bn green bond
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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News briefs
Amazon to open 8th logistics hub in France
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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News briefs
Amazon’s sales grew by 44% in Q1
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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ArticleANWR makes its debut on Amazon.fr in online retail expansion
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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News briefsAmazon becomes top clothing retailer in U.S.
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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News briefs
Amazon Fashion has a new president
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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Article
Wildberries and Amazon enter new countries in Europe
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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ArticleBezos hands over leadership of Amazon
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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