All Amazon articles – Page 3
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ArticlePeloton’s ride to breakeven cash flow results in more layoffs
In an effort to continue to drive the business forward and achieve cash flow breakeven by the end of the current FY23, Peloton is laying off more employees. On Oct. 6, the connected fitness company announced another round of job cuts, the fourth in 2022. The latest action – the ...
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ArticleAmazon Marketplace reports significant growth in Germany
According to Amazon, small and medium-sized retailers in Germany sold around 750 million products via Amazon Marketplace in 2021. With a population of around 83 million people, that would amount to almost ten products per person. In 2020, the figure was still around 100 million products lower. According to Amazon’s ...
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ArticleE-Commerce: Secondhand marketplaces on the rise
Cross-border marketplaces are developing fast, and the C2C trend is one of the drivers.
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ArticleCross-border commerce publishes first online retail ranking
Providing an overview of the European fashion retail market in 2021, Cross-Border Commerce Europe has published a ranking of fashion retail online.
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News briefs
Amazon launches new seller service to solve supply chain challenges
As part of Amazon’s investment in its warehousing and distribution network to support sellers and improve customer service, the online marketplace has introduced a new solution that allows sellers to use new, purpose-built facilities for bulk inventory storage and automated distribution called Amazon Warehousing & Distribution (AWD). Amazon says AWD ...
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News briefsAmazon to adopt green hydrogen
Amazon has signed an agreement with Plug Power to supply 10,950 tons per year of green hydrogen for its transportation and building operations, starting in 2025. The move is part of Amazon’s efforts to meet its Climate Pledge commitment to be net-zero carbon across its operations by 2040. Amazon co-founded ...
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News briefsPeloton Interactive partners with Amazon
Peloton Interactive, weeks after announcing 800 layoffs and on the eve of its fourth-quarter earnings release, has a new distribution deal in place for its bike, guide, select accessories and apparel with Amazon in the U.S. News of the Peloton-Amazon partnership sent shares in the interactive fitness company up 18.5 ...
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News briefsAmazon with strong revenue and guidance despite significant headwinds
Amazon significantly increased its revenue in the second quarter despite high inflation and recession worries. Revenues increased by seven percent year-on-year to $121.2 billion. Although operating profit fell from $7.7 billion to $3.3 billion, it exceeded experts’ expectations. On the bottom line, Amazon posted a net loss of $2.0 billion, ...
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ArticleGoogle installs seamless shopping with new Shopify tool on Youtube
By installing a new Shopify connection on Youtube, the internet company is expanding the business opportunities for content creators, like influencers and brands. Up to now, Youtube creators were able to promote and sell products in live videos on Youtube – but for the purchase transaction, a change of platforms ...
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News briefsAmazon’s Prime Day 2022 breaks records
Amazon Prime members purchased more than 300 million items worldwide during Prime Day 2022. This made this year’s event the largest Prime Day event in Amazon’s history. Amazon disclosed in a press release that the savings Prime members achieved thanks to Prime Day amounted to more than $1.7 billion, more ...
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News briefs
Amazon seized more than 3 million counterfeit products in 2021
In 2021, Amazon identified, seized and disposed of more than 3 million counterfeit products, according to the second Amazon Brand Protection Report. This figure compares to around 2 million counterfeit products seized in 2020. In addition, Amazon stopped more than 2.5 million attempts to create new selling accounts by bad ...
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News briefsWSJ Report: Peloton pursuing minority investor
Some two months after announcing massive business changes and days before reporting its first-quarter results on May 10, Peloton Interactive is reportedly looking for a suitor to a minority stake of 15 percent in the fitness company that is now headed by former Netflix and Spotify executive Barry McCarthy. The ...
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News briefsAmazon's operating income tumbles
Amazon’s first-quarter revenue rose 7.3 percent year-over-year to $116.44 billion. Operating income, however, decreased to $3.7 billion and net loss was $3.8 billion. On a diluted basis, this resulted in a loss per share of $7.56. According to Amazon, this was mainly due to a $7.6 billion loss from the ...
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News briefsAmazon launches “Buy with Prime” service to integrate marketplace businesses into Prime program
In light of the growing importance of marketplace sales for smaller businesses worldwide, a new program Amazon has launched in the U.S. is worth noting: Buy with Prime is designed to expand the shopping experience for members of the Amazon Prime service. The new service will initially be available by ...
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News briefsAmazon could make play for Australian Olympic rights
Speaking to Australian newspaper Sydney Morning Herald (SMH), the head of Amazon Prime Video Australia, Tyler Bern, did not rule out a bid for the broadcast rights to the Olympic Games. The International Olympic Committee (IOC) is expected to issue the Australian broadcast partnership tender for the next three Summer ...
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News briefsAmazon to open first fulfilment center in Turkey
Amazon has announced plans to open its first logistics base in Turkey in autumn 2022. The facility, which will be based in Istanbul’s Tuzla municipality, is expected to create 1,000 new jobs during the first year. Amazon is investing more than 100 million dollars in the new site, which is ...
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ArticleThe Climate Pledge announces nearly 100 new signatories
Amazon and Global Optimism announced that more than 300 companies have now signed The Climate Pledge, an increase in signatories of nearly 600 percent over the past year. The nearly 100 new signatories include the world’s largest container shipping company Maersk, leading enterprise software developer SAP, North American lumber company ...
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News briefsAmazon acquires e-commerce software provider; European business growth slower than in 2020
It has just been disclosed that Seattle-based Internet giant Amazon acquired Veeqo last November, a software startup based in Swansea, Wales, founded in 2013. Veeqo provides software that helps retailers manage their online businesses across e-commerce platforms such as Amazon, eBay, Shopify and Walmart – from shipping orders and returns ...
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News briefsStudy shows e-commerce continues to soar in Switzerland and Austria
A very detailed survey conducted last fall among 284 Swiss retailers (and, for the first time, also 63 Austrian companies) by the Institute for Marketing Management at the ZHAW School of Management and Law shows that nine out of ten online stores in Switzerland and Austria have grown during the ...
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News briefsAre Amazon and Nike interested in Peloton?
We recently reported that an activist investor in Peloton had called on the board to fire the CEO and explore a sale of the company, whose share price had fallen dramatically due to declining demand for its connected fitness solutions. Now Peloton’s share price has risen by just over a ...
