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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Feb- 2021 -3 FebruaryOnline & Digital
Jeff Bezos to step down as Amazon CEO
Amazon has announced that founder Jeff Bezos will step down from his role as CEO in Q3, and instead transition to the role of executive chair. Bezos will be succeeded by Amazon Web Services CEO Andy Jassy who has been with the company since 1997. The news follows Amazon’s latest…
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Oct- 2020 -30 OctoberOnline & Digital
Amazon earnings triple in third quarter
Amazon has seen its net sales soar by 37% to $96.1bn (£74bn) in the third quarter of trading, up from the $70bn (£54bn) earnings reported in the third quarter of 2019. In the same period, net income also tripled to $6.3bn (£4.9bn) in the third quarter, compared with net income…
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Jul- 2020 -31 JulyOnline & Digital
Amazon profits double despite Covid-19 impact
Amazon has reported a massive surge in profits for the second quarter of the year as it revealed that net income doubled from $2.6bn (£1.9bn) to $5.2bn (£3.9bn), despite the impact of Covid-19. It comes after it reported that net sales increased by 40% to $88.9bn (£67.6bn) in the second…
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May- 2020 -1 MayCoronavirus
Amazon: Sales surge while spending rises
Amazon has revealed that sales rocketed 26% to $75.5bn (£60.1bn) in the first quarter of the year, with a possibility of rising 28% in the next quarter. Despite the boom in sales, net income still fell 29% to $2.5bn (£1.9bn) in the period following increased spending, with shipping costs alone…
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Feb- 2020 -18 FebruaryAdvice
HSBC to cut 35,000 jobs, new chancellor sticks to schedule, Bezos creates $10bn ‘Earth fund’
HSBC has announced plans to cut 35,000 jobs over the next three years after a dire set of financial results. Profits have fallen by 33% year on year and that is before the impact of the coronavirus can even be fully measured in Q1 and the months to come. The…
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18 FebruaryOnline & Digital
Amazon’s Jeff Bezos pledges $10bn to tackle climate change
Amazon boss Jeff Bezos, the world’s richest man, has pledged $10bn (£7.7bn) to help fight climate change. Taking to Instagram to announce the news, Bezos revealed he will be launching the ‘Bezos Earth Fund’ that will look help finance scientists, NGOs and activists in their work to “help save Earth”.…
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17 FebruaryFeatures
Book Smart: Why the independent bookshop is here to stay
The bookselling industry is subject to constant speculation. In a world where Amazon founder and CEO Jeff Bezos reigns and tablet devices are a mainstay, one would be forgiven for assuming the end is nigh for independent booksellers’ success. But despite the rise of retail giants and fall of book…
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Jan- 2020 -31 JanuaryAnalysis
The whole Amazon thing is getting scary now
The ‘growth of online retail’ is now so proverbial that the phrase itself is nearly redundant. Is anyone surprised to learn this morning that Amazon has absolutely rampaged through the Christmas retail season, while scores of well-known bricks-and-mortar retailers reported a torrid set of financial results for the same period?…
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31 JanuaryOnline & Digital
Amazon sales skyrocket over Christmas period
Amazon has announced a 21% increase in sales to $87.4bn (£66.5bn) for the three month period ended 31 December 2019. The e-commerce giant also reported that operating income increased to $3bn (£2.9bn) in Q4, compared with $3.8bn (£2.8bn) in the fourth quarter of 2018. Net income also increased to $3.3bn…
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23 JanuaryAnalysis
Asos bounces back from tricky period
Back in July last year Retail Sector reported that Asos was having problems. It had issued a profit warning, suggesting profits were likely to be about one-third of what was originally anticipated. It was an interesting moment in the retail world, because the narrative for the whole of the last…
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