Welcome to our weekly roundup of the top five Amazon news stories of the week.
US retail group offers to help antitrust investigators in going after Amazon and Google: Sarah Perez at TechCrunch reports that a leading US retail group, whose members include Walmart, Target, Best Buy and others, has penned a letter to the Federal Trade Commission that details its concerns over big tech companies’ dominance. The letter specifically calls out Amazon and Google for their control over the majority of internet product searches, how price and product information reaches consumers and other concerns. Continue reading…
9 challenges Amazon faces on its 25th birthday: Jordan Valinsky at CNN Business reports that Amazon has a lot to smile about as it celebrates its 25th birthday. But the groundbreaking company is also dealing with a host of controversy and problems. From calls for it be broken up by high-powered officials to questions about its worker pay and growing competition from rivals, the Seattle-based company could be facing a quarter-life crisis. Continue reading…
Amazon to hire 2,000 in the UK for latest technology ventures: Ellen Milligan at Bloomberg reports that Amazon is set to hire more than 2,000 workers in the UK, including engineers, software developers and data scientists, to develop its latest technology ventures. The Seattle-based tech giant’s U.K. workforce will total almost 30,000 people by the end of the year, and will include cloud and machine learning experts, corporate roles and fulfilment and delivery workers, the company said Wednesday in a statement. Continue reading…
Amazon is making grocery brands pay for losses on Prime Day promotions, as focus on profit grows: Eugene Kim at CNBC reports that as Amazon grows more profit-conscious, it is making sure grocery brands cover losses on low-priced products sold during Prime Day, one of its biggest sales events of the year. For this year’s Prime Day, Amazon is charging “additional funding” to certain grocery brands if sales of their promotional products result in a loss for Amazon, according to an email seen by CNBC. Amazon said the change is intended to “fund the profitability gap” of such products, which Amazon purchases wholesale and sells on its own. Continue reading…
Amazon aims to roll out SWA (Shipping with Amazon) at pace in the UK: Chris Dawson at Tamebay reports that after launched Shipping with Amazon (SWA) in Los Angeles last year, before rolling it out across the US, Amazon has turned their attention to SWA in the UK and are now preparing to rapidly expand the service. When Amazon first launched their marketplace, merchants were expected to ship their own products and many still do. Then FBA came along and Amazon started to fulfil merchants products from their own warehouses and gave a boost in visibility to products fulfilled by Amazon. Continue reading…
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Albert Einstein
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