Prime

Amazon posts £1.6bn loss in Q2

Amazon has fallen to a net loss of $2.0bn (£1.6bn) in its second quarter, down from a profit of $7.8bn (£6.4bn) in the second quarter of 2021.  This loss reportedly includes a pre-tax valuation loss of $3.9bn (£3.2bn) included in non-operating expenses from Amazon’s investment in Rivian Automotive, an electric…

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Amazon prime raises subscription price amid rising costs

Amazon has announced that it will increase the cost of its monthly Prime subscriptions from £7.99 to £8.99 from 15 September 2022, due to increased inflation and higher operating costs. The price of the annual Prime membership will increase from £79 to £95, and this marks the first time Amazon…

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Amazon faces CMA investigation over suspected anti-competitive practice

Amazon is facing an investigation by the Competition and Markets Authority (CMA) over concerns that practices affecting sellers on its UK marketplace may be anti-competitive and “could result in a worse deal for customers”. The CMA said its investigation will consider whether Amazon has a dominant position in the UK…

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Amazon announces new global retail CEO

Amazon has announced the appointment of Doug Herrington as the new CEO of the company’s Worldwide Amazon Stores business. Herrington brings “substantial” retail, grocery, demand generation, product development, and Amazon experience to the role. He has been at Amazon for 17 years, having joined the company in 2005 to build…

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Shop owners to be forced to rent out empty premises

Shop owners in England could be forced to let out premises that have been vacant for over a year, under new plans from the government. The plans are set to be unveiled as part of the Levelling up and Regeneration Bill, expected to be unveiled in the Queen’s speech on…

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Victoria’s Secret and PINK Beauty launches on Amazon

Victoria’s Secret and Co. has launched its Victoria’s Secret Beauty and Pink Beauty products in Amazon’s store, with approximately 120 different products available and eligible for delivery with Prime.  The assortment of products will also be available in the Victoria’s Secret storefront.  Victoria’s Secret said the collaboration is the latest…

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End of free Covid tests will harm workers, Union warns

Ending free tests and self-isolation rules, along with no masks, represents a “triple whammy” for Covid safety in stores, according to Usdaw Shoppers Union. It comes after news that government ministers are planning to stop supplies of coronavirus tests to universities in England, in the first case of ending the…

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Amazon Q4 profits hit $14.3bn

Amazon has reported its profits increased to $14.3bn (£10.53bn) in the fourth quarter ending December 31, 2021, with sales surging by 9% year-on-year from $125.6bn (£92.5bn) to $137.4bn (£101.2bn) Operating income decreased 49% from $6.9bn (£5.08bn) compared to $3.5bn (£2.5bn) in Q4 FY21. Meanwhile, operating income for the full year…

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Amazon to stop accepting Visa credit cards in UK from Jan 2022

Amazon has announced that from 19 January 2022 it will no longer accept Visa credit cards as a payment method in the UK. In an email to customers, the online retail giant said that it has made the decision “due to the high fees Visa charges for processing credit card…

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Impulse buying can help an online brand grow, if it’s done correctly

Impulse buying isn’t just a tactic used by bricks & mortar retailers, where shoppers are tempted with inexpensive treats as their defences are down as they make the final approach to the till. In fact, research from Kantar has found that more than 31% of us are now spontaneously splurging…

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