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Second Amazon Labor Union effort fails but inspires new legislation

A second unionization effort at an Amazon sortation facility, LDJ5, on Staten Island in New York has come up short, with the independent Amazon Labor Union (ALU) receiving only 380 votes out of a possible estimated 1,600 eligible employees. The vote tallied Monday by the National Labor Relations Board (NLRB) means that the LDJ5 campus will not...

May 4, 2022

ManagementFeatured

Amazon reports Q1 loss as online demand drops

Amazon swung to a loss in the first quarter of the year as the boom in online demand it saw during the pandemic started to falter. In the three months to March 31, the US retail giant reported a net loss of 3.8 billion dollars compared to a profit of 8.1 billion dollars a year earlier. The company said its investment in electric vehicle company...

Apr 29, 2022

Culture

‘Making the Cut’ to return for a third season

Global fashion competition series ‘Making the Cut’ to return for a third season on Prime Video this summer in more than 240 countries and territories worldwide. The show will once again be hosted by Heidi Klum and Tim Gunn with Nicole Richie and Jeremy Scott returning as judges, and 10 designers will compete to win one million US dollars to...

Apr 14, 2022

BusinessFeatured

Historic union win the latest twist in the New York-Amazon saga

For the first time in its nearly twenty-eight years in business, Amazon faces union negotiations over its employment practices. An independent union start-up founded by a fired employee, Chris Smalls, took on the 1.6 trillion dollar company with about 120,000 dollars in GoFundMe donations to campaign for and win a bid to unionize the JFK8...

Apr 8, 2022

Retail

Amazon's U.S. marketshare of clothing soars to 14.6 percent

Amazon’s share of U.S. sales grew to 56.7 percent in 2021, having doubled its domestic sales in the past five years. New data from PYMTNS show Amazon is America’s digital market leader in online retail sales. Clothing and accessories are key categories for Amazon, with sales surpassing rivals including Walmart, with total domestic market share...

Mar 15, 2022

RetailFeatured

Brands’ free returns policy leads to catastrophic rise of serial refunder

According to new research by Paymentsense, 78 percent of customers are more likely to purchase from a brand if they offer free returns. The card payment provider then analyzed search volumes for the top 500 retailers in the UK to discover the most popular brands based on their returns policy. Of the top 20, it’s no surprise that Amazon came out...

Mar 10, 2022

Fashion

Amazon debuts conscious brand, Amazon Aware

Online retailer giant Amazon has launched its first private brand consisting of consciously created products, all granted third-party certifications. Amazon Aware includes everything apparel and home to beauty and household goods, each made with sustainably-sourced materials and bio-based ingredients. Products in the range will be available for...

Mar 4, 2022

Business

Amazon just gained 190 billion in value

Last week was a big week for tech, with Amazon cementing its global superpower after it delivered its Q4 results. It beat Apple with the biggest one day stock market surge, which saw its market capitalisation increase by 190 billion dollars by end of trading on Friday and valuing the company at 1.3 trillion dollars. In contrast, the value of...

Feb 6, 2022

Business

Amazon created 25,000 UK jobs in 2021 to meet booming demand

Amazon says it created more than 25,000 new permanent jobs in the UK in 2021 to keep up with booming online demand during the pandemic. The roles spanned corporate functions, R&D, and operations, and bring the retailer’s total number of permanent employees in the UK to 70,000. That’s ahead of the estimate it made last year that it would have...

Feb 4, 2022

RetailFeatured

Amazon to open tech-forward brick-and-mortar apparel store

Marketplace giant Amazon has revealed it will be opening its first physical fashion store, Amazon Style, complete with a number of technology-led in-store shopping experiences. The store will feature both known brands and emerging designers, with clothing, shoes and accessories for men and women. Designed to be digital-first, customers will be...

Jan 21, 2022

Retail

Amazon will not ban Visa from its UK payment options

Fashion brands and retailers selling on Amazon will be pleased the online giant has scrapped plans to ban Visa cards from its UK payment options. In an ongoing dispute between the credit card company and retailer, Visa was to be frozen out until an agreement was reached. “The expected change regarding the use of Visa credit cards on Amazon.co.uk...

Jan 17, 2022

Business

Amazon files new legal dispute against Future Group

Reuters has reported Amazon Inc. has filed a new legal challenge in its continued dispute with Indian retailer Future Group. The national antitrust agency recently suspended a 2019 deal between the two companies, halting their arbitration. Last month, the Competition Commission of India suspended Amazon’s 2019 deal with Future, preventing Amazon...

Jan 10, 2022