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Business

UK Amazon workers strike amid cost-of-living crisis

Online retail giant Amazon was Wednesday facing its first strike by UK workers, who are protesting over a pay rise deemed unacceptable in a cost-of-living crisis. A few hundred workers at a warehouse in Coventry, central England, have walked out over a pay increase worth five percent, less than half the current UK inflation rate. It comes as...

25 Jan 2023

Business

Rent the Runway partners with Amazon Fashion on pre-loved offer

Rent the Runway has announced a new partnership with Amazon Fashion which sees it launch a storefront on the marketplace’s website to sell a selection of its pre-loved and Design Collective apparel. Among the rental brand’s pre-loved merchandise will be hundreds of styles from over 35 brands, spanning casual wear, workwear, eveningwear and...

13 Jan 2023

Business

US labor board upholds landmark Amazon union vote

Amazon's objections to a landmark unionization vote by workers in one of the retail giant's US warehouses have been thrown out, the US National Labor Relations Board (NLRB) ruled Wednesday. The federal agency tossed out the arguments put forth by Amazon against the 2022 vote at its warehouse in Staten Island, New York, and said in a statement...

12 Jan 2023

Business

Amazon to shut three UK warehouses, 1,500 jobs at risk

Amazon UK is reportedly planning to close three of its warehouses in the UK, putting some 1,500 jobs at risk. Warehouses in Hemel Hempstead, Doncaster, and Gourock in Scotland have been proposed for closure, Sky News reports. They will be replaced by two new major fulfilment centres in Peddimore and Stockton-on-Tees. Amazon told Sky News that...

11 Jan 2023

BusinessFeatured

Amazon to cut 18,000 jobs amid economic uncertainty

Retail behemoth Amazon said it will cut over 18,000 jobs, the largest number of employee terminations in its history, as it faces rising costs in an “uncertain economy.” In a memo to staff, CEO Andy Jassy said Amazon managers had been looking at the company’s workforce levels and that it had to make the “difficult decision to eliminate roles.”...

5 Jan 2023

Business

Amazon snaps up eight billion dollar loan in preparation of slowing growth

Marketplace giant Amazon has said it secured an eight billion dollar loan after reaching an agreement with certain lenders. As revealed in a SEC filing, the company’s term loan will mature in 364 days, with an option to potentially extend for a further 364 days. The proceeds will be used for “general corporate purposes”. It comes as the company...

5 Jan 2023

Business

UK Amazon workers to strike for first time over pay

Amazon workers in the UK have announced plans to strike against the tech giant for the first time over a pay dispute. The action was announced by GMB Union, who said employees of Amazon’s Coventry warehouse are set to stage a walk out on January 25. According to the union, a December ballot saw the majority of workers vote in favour of the...

5 Jan 2023

Fashion |Technology Featured

Snap and Amazon Fashion create new AR Shopping Experience

Snap and Amazon Fashion have partnered to bring new Virtual Try-On (VTO) experiences to Snapchat users. The social media and retail giants are hoping their combined services will attract some of the 1.4 billion people forecast to use augmented reality on their smartphones in 2023. Mobile shopping is a fast growing channel, with Amazon Fashion...

2 Jan 2023

Business

Amazon can be liable when sellers breach trademarks EU court says

Online retail giant Amazon can potentially be held responsible when third-party sellers on its website misuse trademarks, the European Court of Justice said on Thursday. Lower courts in Belgium and Luxembourg asked the EU's top court for an opinion on a case brought by French shoemaker Christian Louboutin. The firm argued Amazon itself was...

22 Dec 2022

Business

Amazon must meet EU requirements to avoid 47bn dollar fine

Longstanding anti-competition practices have clouded Amazon’s success but a new deal with EU regulators means the online giant avoids a 47 billion dollar fine, the equivalent of 10 percent of its revenue. Amazon, going forward, will treat all marketplace sellers equally and use "non-discriminatory conditions” when products are shown on its...

21 Dec 2022

Business

Amazon rolls out social commerce feature, not unlike TikTok

Amazon on Thursday launched a feature allowing shoppers to buy products from a customised feed of photos and videos, not dissimilar to ByteDance’s TikTok network. The experimental feature will roll-0ut in the U.S. after a trial of selected customers in its launch phase, where users can select their interests and receive the most relevant feeds....

9 Dec 2022

Business

Amazon reportedly set to axe around 10,000 jobs

Amazon is reportedly set to become the latest tech giant to announce thousands of job cuts in recent weeks. The US retail behemoth is planning to axe approximately 10,000 jobs in a major cost-cutting drive, the New York Times reports, citing people with knowledge of the situation. The redundancies would mostly impact employees working at the...

15 Nov 2022