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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...

Nov 15, 2022

Retail

Amazon expands virtual footwear try-on feature to Europe

Amazon is expanding its augmented reality (AR) try-on service for footwear to Europe following its initial launch in the US earlier this year. European shoppers can now use their phones to virtually try on footwear from brands including New Balance, Superga, Puma, Lacoste, and Reebok. The US retail giant developed its own computer vision machine...

Nov 14, 2022

Business

Amazon, Olay and Billie Eilish among winners of CEW’s 2022 Beauty Creators awards

Cosmetic Executive Women (CEW) held its first in-person luncheon in three years to announce the winners of its 2022 Beauty Creators Award, recognising this edition’s “most innovative” beauty products. The event took place in Manhattan's Ziegfeld Ballroom and was hosted by Cheddar News’ Henna Doba. Winners were announced across 33 categories from...

Nov 14, 2022

Business

Amazon joins slew of struggling big tech companies as it launches cost-cutting review

Marketplace giant Amazon has reportedly begun a cost-cutting review, with the company’s boss Andy Jassy set to evaluate potentially unprofitable business units. The report comes on the back of slow revenue progress for the company, which saw just a seven percent revenue increase in the past two quarters, its slowest in around two decades. It...

Nov 14, 2022

Business

Gap launches branded goods through Amazon US and Canada

Gap has announced a new distribution partnership with Amazon Fashion which will see it offer a range of stock on the marketplace’s US and Canadian sites. As part of the agreement, the American label will be launching a selection of basic essentials, ranging from hoodies and t-shirts to underwear and sleepwear, for adults, teens, kids and babies....

Nov 11, 2022

Fashion Featured

CFDA names winners of its 2022 Fashion Awards

The Council of Fashion Designers of America (CFDA) has revealed the winners of this year’s Fashion Awards during a ceremony at Casa Cipriani, in New York’s Manhattan. For its 60th anniversary, the event, which was sponsored by Amazon Fashion, saw attendance from a slew of notable figures from various industries, including Cher, Julia Fox, Drake...

Nov 8, 2022

Fashion

Rihanna unveils sneak peeks of upcoming Savage X Fenty Vol. 4 show

Ahead of the Savage X Fenty show, set to air November 9, Rihanna has revealed sneak peeks of the highly anticipated event giving fans a glimpse into what can be expected for Volume 4. Now in its fourth consecutive year, Savage X Fenty’s shows have become known for their lavish performances, choreographing and set design. In keeping with its...

Nov 3, 2022

Report

Amazon posts drop in Q3 profit

US retail giant Amazon has reported a drop in profit in the third quarter of the year. In the three months to September 30, the Seattle-based company’s net income came in at 2.9 billion dollars, down from 3.2 billion dollars a year earlier. But it still marked a return to profit for the retailer after two consecutive quarters of losses. Net...

Oct 28, 2022

Retail

You can now buy Chanel and Hermès on Luxury Stores at Amazon

Accessories from the world’s most coveted luxury brands, including Chanel, Hermès and Louis Vuitton, can now be bought via Luxury Stores at Amazon. New York-based re-sale purveyor What Goes Around Comes Around (WGACA), is now operating a digital store on Amazon, which sells one of a kind vintage bags, including an Hermès Birkin, currently priced...

Oct 24, 2022

Business

Amazon faces 900 million pound lawsuit alleging it favours its own products

Online marketplace giant Amazon is facing a large-scale lawsuit that has claimed it has breached competition law and demands affected customers be compensated for its actions. The suit is being led by law firm Hausfeld & Co., with an opt-out collective action to be filed in the Competition Appeal Tribunal in London. The case will allege that the...

Oct 21, 2022

BusinessFeatured

Christmas in October: Retailers fight inflation with early deals

The race to holiday discounting has officially begun, as retailers prepare to offload their fashion stock before the end of the season. With tighter purse strings and less spending power, consumers are expected to purchase less this year amid high inflation and rising living costs. Amazon began the trend, hosting a sale before Prime day in...

Oct 12, 2022

Business

Amazon to invest one billion euros in electric vehicle push

Marketplace giant Amazon is set to invest one billion euros into electric vans, trucks and low-emission package hubs across Europe, in a bid to achieve net-zero carbon emissions. In a release, the global retailer said it will be using the funds to implement more than 100,000 electric vehicles by 2025. According to Reuters, the number is triple...

Oct 10, 2022