Amazon news and archive

Ahead of the festive season, Amazon opens fulfillment centers in five new Indian cities

Ahead of India’s festive season, Amazon India has significantly expanded its operations network, launching 12 new fulfillment centers (FCs) and six new sort centers (SCs). This expansion adds 8.6 million cubic feet of storage capacity and 500,000 square feet of sortation space, respectively. The new fulfillment centers mark Amazon's first-ever...

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Amazon under fire for price-parity policies

Marketplace giant Amazon has come under fire in the UK for allegedly making consumers pay more than they should have due to its price-parity policies. The Association of Consumer Support Organisations (ASCO) has said it has applied for a collective proceedings that would allow it to bring legal action against Amazon on behalf of over 45 million...

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Amazon exceeds revenue expectations but share price falls

The world's largest online retailer disappointed stock market traders with the growth of its cloud division, AWS, and a cautious profit outlook. The share price fell by 6.5 percent in after-hours trading. Amazon presented figures for the past quarter that exceeded analysts' forecasts. Revenue for the world's largest online retailer increased by...

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5 Sneaky Online Shopping Fees Consumers may be Unknowingly Spending Money On

The convenience and ease of online shopping today remain unrivalled. As consumers across the world opt for benefits linked to ecommerce, many reportedly remain unaware of the amount of “hidden fees” associated with it that may silently increase their final bill. To help consumers better understand the costs linked to online shopping, an online...

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Amazon shuts down Shanghai AI lab: source

US tech giant Amazon has shut down its artificial intelligence research lab in Shanghai, a source with direct knowledge of the matter confirmed to AFP. News that the lab, part of cloud division Amazon Web Services (AWS), has closed comes with AI at the forefront of a tech race between China and the United States. In a screenshot of a WeChat post...

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New investigation shines light on forced labour risks in Amazon seller supply chains

With Amazon Prime Days well underway and the online giant predicted to hit 23.8 billion US dollars this week, new research highlights the significant risks of forced labour hiding within Amazon sellers' supply chains. An investigation from human rights campaign organization Labour Behind the Label traced fashion products from three UK-based...

Retail

India recommerce market to reach 5.91 billion dollars by 2025: Report

The "India Recommerce Market Intelligence Databook - 60+ KPIs, Market Size, Share & Forecast by Channel, Category & Consumer Segment - Q2 2025 Update" report by ResearchAndMarkets.com highlights the significant growth of India's recommerce market, with a particular focus on its implications for fashion retail. The overall recommerce market is...

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Amazon to invest 40 billion pounds in UK, four new fulfilment centres planned

Marketplace giant Amazon has unveiled plans for a 40 billion pound investment in the UK market where, over the next three years, it is looking to establish four new fulfilment centres and two new London offices. The company, which already employs over 75,000 people in the UK, said the plans will only expand on this number, creating “thousands of...

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Rebag partners with Amazon to offer pre-owned luxury on a larger scale

Luxury resale platform Rebag has partnered with Luxury Stores at Amazon to offer nearly 30,000 authenticated, pre-owned items—ranging from handbags to watches—through Amazon’s online storefront. Featuring brands like Hermès, Louis Vuitton, and Rolex, the partnership aims to make high-end resale more accessible while promoting sustainable...

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Amazon agrees to tackle fake reviews in UK

Amazon has agreed to clamp down on fake online reviews of products advertised on its UK site, Britain's competition regulator said Friday. Google agreed a similar UK commitment in January after the Competition and Markets Authority launched an investigation into the matter five years ago. Amazon "has signed undertakings committing to enhance its...

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Amazon launches bargain portal Haul in Germany

German shoppers can now hunt for bargains on Amazon’s new portal, Haul. The new section offers items at particularly low prices, according to the company. "We know that it is important for customers in Germany to find great products at very low prices," Amazon Germany chief executive officer, Rocco Bräuniger, told the German Press Agency. Haul...

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Amazon price rules anti-competitive: German regulator

Amazon's pricing rules are an abuse of its market power, Germany's competition watchdog said Monday, paving the way for possible demands for changes to its business practices in Europe's biggest economy. Amazon forces third-party sellers who use its platform to keep prices within limits that the tech giant sets, the Federal Cartel Office said in...