Amazon news and archive

Watch: From hero gnomes to stylish goats, all the festive fashion films to know for 2024

It’s that time of the year, again. Brands and retailers across the globe have begun unveiling their always highly anticipated festive campaigns. This season, trends seem to revolve around flipping the script on the stress usually associated with the season; incorporating well-known (animated) figures into the storyline; and proposing new...

Business

Amazon taps into bargain hunters with 'Amazon Haul'

In the battle for bargain hunters, Amazon is now launching 'Amazon Haul', a concept that will allow shoppers to find items that are all priced at 20 dollars or less. The new feature of Amazon's app and website is currently rolling out in the US. Through 'Amazon Haul' consumers can find electronics, home furnishings, fashion and lifestyle...

Business

Amazon results beat third quarter expectations

E-commerce giant Amazon reported stronger-than-expected third quarter results on Thursday, with significant growth in cloud computing and a return to profitability in its international segment. The Seattle-based tech titan posted net sales of 158.9 billion dollars for the quarter ending September 30, up 11 percent from the same period last year,...

Fashion

Amazon dominates holiday gift search

Amazon has emerged as the dominant online platform for UK holiday shoppers, with over half (52 percent) turning to it for festive gift inspiration, surpassing Google, which attracted only 31 percent of shoppers, according to recent research by Nosto. Generative AI tools like ChatGPT are quickly gaining relevance, with 8 percent of UK consumers...

Business

UK clears 4 billion dollar AI partnership between Amazon, Anthropic

Britain's competition regulator on Friday cleared Amazon's investment of up to 4 billion dollars in Anthropic, an American developer of artificial intelligence, following a short probe. The Competition and Markets Authority had examined the significant investment by the US e-commerce giant amid concerns among global antitrust watchdogs regarding...

Retail

Amazon Prime Days to return October 8 to 9

Amazon is bringing back its Prime Big Deal Days next month ahead of the holiday season. Running from October 8 to 9, Prime members will have access to special deals with up to 40 percent off on toys, beauty, fashion, home decor and more. Some of the key offers set to run during Prime Days include Halloween costumes and accessories for families...

Retail

Could Amazon's return-to-office mandate be a boon to physical retailers?

Amazon's recent announcement mandating a return to office for its corporate employees from January 2025 has received mixed reviews from the technology sector. However, the repercussions of this decision may extend far beyond the confines of Silicon Valley, potentially reshaping the broader retail landscape. The e-commerce behemoth's push for...

Business

Amazon orders workers back to office full-time

Amazon is telling its thousands of corporate workers to return to the office five days a week, the company's CEO Andy Jassy said in a staff memo on Monday. Like many tech giants, Amazon had allowed workers to stay at home during the Covid-19 pandemic and has struggled to get them to come back into the office full-time. Amazon had already ordered...

Business

Amazon announces 8 billion pound (10.5 billion dollars) investment over five years in UK

Britain's economy stalled again in July, official data showed Wednesday, dealing a blow to the new Labour government that has put growth expansion at the top of its priority list. Gross domestic product showed zero growth in the reported month compared with June, when output also flattened, the Office for National Statistics (ONS) said in a...

RetailFeatured

Amazon implements new policy on fragrance sales in EU and UK markets

Amazon's Marketplace, a platform that hosts millions of independent sellers, has long been a popular destination for consumers seeking beauty and fragrance products. However, the e-commerce giant has recently announced a significant policy change affecting the sale of certain fragrances in the European Union (EU) and United Kingdom (UK) markets....

Business

UK probes Amazon partnership with AI firm Anthropic

London - Britain's competition regulator on Friday said it had launched an inquiry into a partnership between US e-commerce giant Amazon and Anthropic, an American developer of artificial intelligence. The move comes after the Competition and Markets Authority in April said it was examining tie-ups between artificial intelligence firms and their...

Business

Amazon quarterly profit doubles as cloud business grows

Amazon reported Thursday its profit in the recently ended quarter doubled to 13.5 billion dollars with the help of renewed momentum of its AWS cloud computing business. The e-commerce giant's sales of 148 billion dollars fell just shy of lofty market expectations, however, and shares slid more than four percent to $176.50 in after-market trades....