All Amazon articles – Page 3
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News briefs
Google probed by the EU
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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ArticleStocks of footwear companies fell by 16.3% in 2020
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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News briefs
New anti-Covid measures in Germany
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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ArticleEU to cut greenhouse emission by 55% by 2030
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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ArticleEU estimates Amazon broke competition rules
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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ArticleAmazon Q3 sales up 37%, net profit triples
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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News briefs
Amazon hires extra 100,000 people in U.S., Canada
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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ArticleAmazon: The Janus-faced company
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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News briefs
Amazon’s head of European retail is stepping down
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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News briefsWalmart launches Walmart+ membership program
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 ...
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News briefs
Boohoo to review UK supply chain as retailers drop brand over pay, conditions scandal
Boohoo , the UK e-tailer and fast fashion brand, has commissioned an independent review of its domestic supply chain and promised to spend £10 million dealing with malpractice after major retailers, including Amazon , Next and Asos stopped stocking its clothes. The review comes as Boohoo ...
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OpinionAmazon and other marketplaces may be in for a reckoning over illegal sales
Why the sale of illegal products through online platforms could become a problem for Amazon and other marketplaces – and why the widespread circumvention of EU competition law may soon be over
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News briefs
Amazon, Valentino file joint shoe counterfeiting suit
E-commerce giant Amazon and the Italian fashion group Valentino filed a joint lawsuit against New York-based Kaitlyn Pan Group for allegedly counterfeiting the Valentino Garavani Rockstud shoes and selling them online. The lawsuit was Amazon’s first joint litigation with a luxury fashion brand and Valentino’s first with ...
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News briefs
Amazon launches $2 billion fund to invest in decarbonization
Amazon has launched The Climate Pledge Fund to support the development of sustainable technologies and services that will enable the U.S. e-commerce retailer and other companies to meet a commitment to be carbon free, on a net basis, by 2040. The fund will have an initial $2 billion ...
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ArticleWGSN sees three major consumer groups emerging from the crisis
The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption. Thus, WGSN has set out to predict what consumers will be looking for in the next couple of years.
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OpinionWhy 2020 could be the year Amazon becomes unstoppable
From infiltrating the pharma business to owning the internet, the Amazon juggernaut will be flexing its muscle with broad implications.
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