All Amazon articles
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News briefsZwift raises new funding
Zwift has raised $620 million from backers including Amazon’s Alexa Fund, KKR & Co. and Permira Holdings. According to Bloomberg, Zwift expects these investments to enable it to increase subscription prices, reach the milestone of ten million subscriptions (from roughly one million), take the company public and eventually invest in ...
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ArticleAnalysis: Global outdoor stock index falls by double-digits again in Q3
According to the latest Outdoor Industry Compass quarterly study of 37 select stocks which sell products into the outdoor recreation market, the segment Index fell by a double-digit percentage for a third consecutive period but by less than in the first (-17.84%) or second (-21.18%) quarters. Only four stocks – ...
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News briefsClimatePartner signs Climate Pledge
ClimatePartner has signed the Climate Pledge, an initiative launched in 2019 by Amazon and Global Optimism. Currently uniting 376 companies worldwide, the pledge means to reach the Paris Climate Initiative targets ten years ahead of schedule. By signing it, companies voluntarily commit to becoming CO2 neutral by 2040. Together with ...
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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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ArticleKantar Media Reactions study 2021 sees local advertising strong besides digital channels
Research and consulting agency Kantar has just released its Media Reactions 2021 study, informed by the opinions of over 14,500 consumers covering over 290 brands in 23 markets and 900 senior marketers worldwide. The report gives some interesting insight into the changes in the media landscape reflected by the popularity ...
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News briefsIntelligent warehouse robotics growing more than 20 percent annually
According to a recent fee-based study by New York-based analyst firm ABI Research, revenue from the use of robots in warehouses will exceed $51 billion by 2030. According to the report, increased order volumes and pandemic-triggered labor shortages have significantly accelerated automation in warehouses. Along with technology solutions such as ...
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News briefs
JanSport sues wholesaler for reselling backpacks as “new”
JanSport, a subsidiary of VF Corp., is suing Los Angeles-based Bravo Wholesale Inc. for allegedly selling inferior JanSport products on Amazon.com and other online stores. According to JanSport, Bravo obtains JanSport products from unauthorized dealers and markets them as “new” while they are often used or defective. The lawsuit was ...
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News briefs
Amazon and GoPro file lawsuit against counterfeiters of camera accessories
Amazon and GoPro on Aug. 9 issued a jointly filed lawsuit against seven individuals and two companies for counterfeiting popular GoPro camera accessories, including “The Handler” floating grip and “3-Way” grip, extension arm and tripod mount. The defendants attempted to offer the counterfeit products on the Amazon store in violation ...
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News briefsGreenpeace investigates Amazon warehouse, uncovers destruction of returned goods
With the help of an undercover investigator at Amazon , the environmental organization Greenpeace has documented the destruction of returned new products at the retailer’s logistics facility in Winsen, Germany. A documentary aired on prime-time German television showed eight workplaces that Amazon calls “destroy stations”. According to Greenpeace research, ...
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ArticleAmazon publishes first Brand Protection Report
Amazon released its 2020 Brand Protection Report , which provides a comprehensive overview of how the company ensures customers are buying authentic products in its stores. According to the paper, the company invested in dedicated teams and industry-leading machine learning technology to proactively protect customers, brands and its selling ...
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News briefsAmazon’s sales grow by 44% in Q1
Beating estimates, Amazon ’s net sales jumped by 44 percent to $108.5 billion in the first quarter, driven by the ongoing online shopping boom caused by the Covid pandemic. Excluding a $2.1 billion favorable impact from changes in foreign exchange rates during the quarter, the revenue increase was limited at ...
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ArticleBezos hands over leadership of Amazon
Jeff Bezos will hand over the chairmanship of Amazon ’s board in the third quarter of 2021 to Andy Jassy , the head of the cloud business Amazon Web Services ( AWS ). Amazon made the announcement on Feb. 2 after the U.S. stock market closed in Seattle. ...
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ArticleNew Corona restrictions in Germany; Denmark extends partial lockdown to entire country
In concert with the governments of the individual states of its country, the federal government of Germany has ordered the lockdown of all the brick-and-mortar stores that sell non-essential products, starting on Wednesday, Dec. 16. The new restrictions came after a spike in new contaminations from Covid-19. They will last ...
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News briefsUvex offers protective glove with HeiQ Viroblock for everyday use
Source: Uvex Safety Group Uvex phynomic silv-air grip To successfully interrupt infection lines via smear or contact infections, the Uvex Safety Group , the occupational safety brand of the German Uvex Group that also owns Uvex Sports and Alpina , has developed ...
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ArticleVaude joins The Climate Pledge
Thirteen new companies have joined The Climate Pledge , co-founded by Amazon and Global Optimism , a U.K.-based purpose driven enterprise focused on social and environmental change, to meet the Paris Agreement’s goals 10 years early, making a total of thirty-one companies who have joined the ...
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News briefs
Amazon and Yeti sue counterfeiters
E-commerce giant Amazon and Yeti , the U.S. brand of coolers and drinkware and other outdoor equipment, have filed a joint lawsuit against two individuals from California for counterfeiting Yeti products, including the popular Rambler® mug. The lawsuit was filed in the United States District Court for the ...
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News briefsBlack Friday: German union calls for strikes at Amazon
Just in time for Black Friday , the labor union Verdi calls on employees in Germany to go on a three-day strike at seven of Amazon ’s German distribution centers. This is intended to persuade the online retailer to participate in tariff wages. With the start of the night ...
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ArticleEU believes that Amazon has violated competition rules
The European Commission believes Amazon violated competition rules by unfairly benefiting from non-public data on independent sellers who use its marketplace, it said in its preliminary findings from an antitrust investigation underway against the American e-commerce giant since last year. The European Union’s executive body added it was also ...
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News briefsAmazon posts 37% sales increase while net profit triples
Amazon said that its sales in the third quarter grew by 37 percent to $96.1 billion. They were boosted by booming online transactions during the coronavirus crisis worldwide, which prevented or discouraged shoppers from purchasing in physical stores. Excluding a $691 million favorable impact from year-over-year changes in foreign ...
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News briefs
Oeko-Tex participates in Amazon’s sustainability program
Oeko-Tex , an association of 18 independent research and testing institutes worldwide, which sets standards for more safety in products of the textile and leather industry and their manufacture, is participating in Amazon ’s Climate Pledge Friendly program with Oeko-Tex’s Made in Green label. The program is being ...
