Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased.
May 24, 2022Amazon News Updates
Amazon to Sublease Warehouses as Online Shopping Slows
Rivian Dispute With Seat Supplier Could Delay Production of Amazon Vans
Rivian Automotive Inc. fell almost 7% May 16 on word the electric vehicle startup is in a dispute with a key seat supplier that could jeopardize its delivery van contract with patron Amazon .com Inc.
May 16, 2022New York Appeals Court Dismisses Suit Against Amazon
NEW YORK — An appeals court in New York dismissed New York Attorney General Letitia James’ lawsuit against Amazon over its coronavirus safety protocols and a former employee who led the successful union organizing effort on Staten Island.
May 10, 2022Amazon Workers in NYC Reject Union in a Reversal of Fortune
Amazon warehouse workers on Staten Island in New York City overwhelmingly rejected a union bid on May 2, dealing a blow to organizers who last month pulled off the first successful U.S. organizing effort in the retail giant’s history.
May 2, 2022Amazon to Shutter Six Whole Foods Stores
Amazon.com Inc. will close six Whole Foods Market locations in four states, almost two months after shutting dozens of bookstores and gift shops around the country.
May 2, 2022Amazon Falls, Projects Slower Growth as Online Sales Stall
Amazon .com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic activities. The shares plunged about 10% in extended trading.
April 28, 2022Amazon to Invest $1 Billion in Logistics, Robotics Companies
Amazon.com Inc. says it plans to invest $1 billion in companies developing technologies in logistics, supply chain management and safety, as the retailer seeks to keep an eye on new ideas that might aid its core business.
April 21, 2022Amazon Targets Shopify With New ‘Buy With Prime’ Service
Amazon.com Inc. said it will let merchants sell products they list with the e-commerce giant directly from their own websites, as part of a move to blunt the momentum of fast-growing competitor Shopify Inc.
April 21, 2022Amazon, UPS’ Biggest Customer, Is Also Its Biggest Competitive Threat
Amazon delivered more than 5 billion packages in the U.S. in 2021, while UPS delivered roughly 5.5 billion U.S. packages, according to company figures and industry estimates. Amazon has said it could surpass UPS this year, and it’s not alone in that prediction.
April 14, 2022Air Cargo Becoming a More Feasible Freight Alternative
Manufacturers, retailers and seafood distributors have increasingly turned to air cargo planes to transport products — a more expensive, but faster and more reliable alternative to longhaul trucks, trains and ocean vessels often bogged down by current supply chain problems.
April 14, 2022Follow Us
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