Jeff Bezos
This coverage examines Jeff Bezos’ influence on the UK retail sector through Amazon’s strategic initiatives. Reporting highlights the impact of Amazon’s market entry, e-commerce innovations, customer-centric approaches, and technological advancements on UK retail operations. It also explores Amazon’s ventures into physical retail spaces, such as Amazon Fresh and Amazon Go, and their implications for the broader retail landscape. This analysis provides retail executives, strategists, and professionals with insights into the transformative effects of Bezos’ leadership on retail business models and consumer expectations.
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Jul- 2024 -4 JulyNews
Today’s news in brief-4/7/24
The European Commission is taking a decisive step to tackle a surge in unsafe and substandard products flooding EU markets from Chinese online retailers like Temu and Shein. Concerned by a 50% increase in dangerous product reports last year, exceeding 3,400 cases, the Commission plans to scrap the current €150…
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4 JulyOnline & Digital
Bezos to sell over $4bn of Amazon shares
Amazon founder Jeff Bezos is planning to sell more than $4bn (£3.2bn) of his shares in the company, as the stock hit a new record of $200.43 (£157.13) on Tuesday (2 July 2024). The news also comes after it was revealed that Bezos would sell another 25 million shares, raising…
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Feb- 2024 -15 FebruaryNews
Today’s news in brief-15/2/24
The UK has entered a technical recession as its GDP contracted by 0.3% in the final quarter of 2023. This marks the first recession since the onset of the Covid-19 pandemic. The decline in GDP was larger than expected, with key sectors like manufacturing, construction, and wholesale experiencing significant downturns.…
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15 FebruaryOnline & Digital
Jeff Bezos sells over $4bn of shares in Amazon
Amazon founder Jeff Bezos has recently sold more than $4bn (£3.2bn) of his shares in the company, according to new regulatory filings in the US. In this month alone, he has sold 24 million Amazon shares, having last sold Amazon shares in 2021. It comes as Amazon share prices reached…
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13 FebruaryFeatures
From bookstore to global giant: The history of Amazon
In the history of commerce and technology, few companies have been as revolutionary as Amazon. What started as an online bookstore has evolved into a global commerce giant reshaping not only the retail landscape but the habits of humans themselves. From its humble beginnings in a garage to its current…
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Nov- 2023 -23 NovemberNews
Today’s news in brief-23/11/23
The British Retail Consortium (BRC) has criticised the chancellor, accusing him of neglecting larger businesses in his Autumn Statement. While the business rates multiplier for small businesses was frozen, larger ones received no relief. The decision to increase the business rates standard multiplier has drawn sharp criticism, with BRC’s CEO,…
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23 NovemberNews
Amazon founder to sell £800m worth of shares
Amazon founder Jeff Bezos is expected to offload a further £800m worth of shares in the online giant, CNBC revealed. Bezos, who is estimated to have a £135bn net worth, may reportedly sell as many as 8 million to 10 million shares. The news comes after Bezos last week sold…
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Aug- 2021 -2 AugustOnline & Digital
Amazon growth slows in Q2
While sales in Amazon’s second quarter soared by 27% to $113bn (£81bn) against 2020, growth slowed down from a 44% climb in the first quarter, as Wall Street had forecast sales of $115bn (£83bn). The deceleration is expected to continue, according to Amazon, as it guided for a 10% to…
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Apr- 2021 -30 April
Amazon sees Q1 profits surge to $8.1bn
Amazon has revealed that net income soared to $8.1bn (£5.8bn) in its first quarter results, up from a net income of $2.5bn (£1.8bn) the year prior, as more customers turned to online shopping amid the global pandemic. In the same period, its net sales increased 44% to $108.5bn (£78bn) in…
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16 AprilOnline & Digital
‘We need to do a better job for our employees’, says Bezos
Amazon founder Jeff Bezos has said that Amazon must “do a better job” for its employees in his final letter to company shareholders. Bezos, who is set to step down from his role as CEO this year, said: “Despite what we’ve accomplished, it’s clear to me that we need a…
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