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Amazon beats Q3 earnings estimates, revenue up 37 percent

Amazon beat earnings estimates on Thursday - despite the quarter this year not including its hugely profitable Prime Day - as it continues to prosper from the Covid-19 pandemic and its role in accelerating the shift of consumers to online. The US retail giant’s sales for the second quarter ended 30 September increased 37 percent to 96.1 billion...

43 minutes ago

Business

Amazon hiring 100,000 workers for holiday season

Amazon is on another hiring spree. The company has announced they will be adding an additional 100,000 seasonal employees for the holiday season. In addition, Amazon has promoted 35,000 operations employees. Amazon has a set minimum wage for 15 dollars for all employees, regardless of what state they are in. With 12 million Americans out of work...

Oct 28, 2020

Fashion

Amazon expands Climate Pledge Friendly programme to Europe

Amazon has expanded its Climate Pledge Friendly programme to Europe following the launch last month of the initiative which aims to help shoppers more easily identify sustainable products on the retailer’s website. The programme now indicates over 40,000 Climate Pledge Friendly products across France, Germany, Italy, Spain, and the UK that meet...

Oct 28, 2020

Retail

Dundas World to open store on Amazon

Peter Dundas is wasting no time growing his eponymous label. The former creative director of Roberto Cavalli, whose Dundas World collections are now in their fourth year, will be launching a store on Amazon. In addition, Dundas World will be launching with a series of new categories. In addition, Dundas World will also be adding a series of new...

Oct 19, 2020

Management

Amazon appoints Ruth Diaz as head of Amazon Fashion Europe

Amazon has named Ruth Diaz as the new head of Amazon Fashion Europe. Diaz, who has spent nine years at the US retail giant in various positions across marketing and retail leadership, will now be responsible for all aspects of the European fashion business. Working alongside the European Consumer senior leadership, her new responsibilities...

Oct 15, 2020

Retail

What if online stores took to the high street?

How would online retailers fare if they were to compete on the UK high street? That’s what European technology firm Raisin has tried to find out. Using mobile and desktop search visibility versus revenue, the company has visualised how much space online shops command in comparison to physical stores in a “virtual high street”. In terms of...

Oct 7, 2020

Retail

61 percent of US shoppers plan to buy holiday gifts from Amazon

Retailers face a whole new set of challenges to increase their sales this festive season, due to the ongoing pandemic. Delivery Experience Management leader, Convey, conducted a survey of more than 1,600 US shoppers to highlight the trends and themes that will define holiday shopping. Amazon is the number one choice for shoppers, with 61 percent...

Oct 5, 2020

Retail

Altuzarra to sell on Amazon's luxury platform

Altuzarra is the latest designer to join Amazon's luxury platform, Luxury Stores, selling their pre-fall and fall collection ready-to-wear and accessories. Altuzarra joins the ranks of Oscar de la Renta and Roland Mouret who have begun selling on the platform. The collection is currently available in the Amazon app and to eligible U.S. Prime...

Sep 30, 2020

Retail

Payment by the wave of a hand: Amazon's new biometric system

Amazon on Tuesday unveiled a new biometric payment system using palm recognition, to be made available to rival retailers and also promoted as a replacement for badge entry at stadiums or workplaces. The system called Amazon One was touted as "a fast, convenient, contactless way for people to use their palm to make everyday activities like...

Sep 30, 2020

Retail

Amazon Prime Day to take place on 13-14 October

Amazon has announced that its annual Prime Day will this year take place on 13-14 October after initially being delayed due to Covid-19. The company said it would be investing an additional 100 million dollars in special Prime Day and holiday promotional programmes to “further its support of small businesses during Covid-19 and beyond”. Prime...

Sep 29, 2020

Retail

Amazon launches programme to help customers identify sustainable products

Amazon has announced the launch of a new Climate Pledge Friendly programme to help shoppers more easily identify sustainable products on the US retail giant’s website. Across more than 25,000 products, Amazon customers can now see a Climate Pledge Friendly label on products that meet one or more of 19 different sustainability certifications. The...

Sep 23, 2020

Retail

Amazon ‘Luxury Stores’ launching with Oscar de la Renta

Online giant Amazon is continuing its push into fashion with the launch of its new high-end shopping experience, ‘Luxury Stores’. The new luxury proposition is launching with an invitation-only app for US Prime customers only and promises to offer both established and emerging luxury fashion and beauty brands. The first designer to sign up to...

Sep 15, 2020