Exclusive: Huge rates hike for logistics warehouses as Amazon bill to rise more than £1m April 8, 2022 Occupiers of logistic warehouses are braced for a dramatic rates hike, data shared exclusively with CityA.M. has revealed. With e-commerce firms desperate to grab space, rents in the industrial and logistics sector have shot up. Rental growth means will see average increases of 18.7 per cent across the board on business rates payable from April [...]
Amazon sellers get five star status with bogus reviews of toys, investigation finds April 7, 2022 Amazon sellers have been manipulating its review system to boost their review status to five stars, a deep-dive by a consumer choice group has claimed. Businesses are making the most of a loophole with the online retail giant, using items such as cuddly toys and umbrellas to help inflate rating sand sell products. An investigation [...]
Amazon set to ban ‘union’ phrases on employee messaging platform April 6, 2022 Amazon is reportedly in talks to ban the word "union" and other key words from its internal staff messaging app following a tirade of unionising calls.
Amazon ditches diesel with the UK launch of five new electric heavy delivery trucks March 24, 2022 Amazon has launched its first fleet of 37-tonne fully-electric heavy goods vehicles (HGVs), in a bid to ‘deliver’ on its 2040 net-zero target. Ditching diesel, the five new trucks are set to travel 100,000 miles a year powered by renewable electricity, meaning 170 tonnes of CO2 emissions are removed. The fleet will be charged at [...]
US court dismisses antitrust lawsuit against Amazon March 19, 2022 US court has thrown out a lawsuit against Amazon.com after the tech giant was accused of antitrust violations. The court dismissed claims relating to the website banning third-party sellers from offering better deals for their products elsewhere. Amazon’s motion to dismiss the complaint was granted by Judge Hiram Puig-Lugo of the Superior Court of the [...]
DS Smith: What inflation? Amazon partner shrugs off rising costs March 10, 2022 DS Smith reported its latest results this morning, which were largely in-line with expectations. The group’s been able to fully offset rising costs with price increases and volume growth. The impact of rising energy costs has been mitigated by improved efficiency and a hedging strategy. Full year like-for-like volume growth is expected to be in [...]
EU regulators set to give Amazon’s £6.4bn MGM snap up the green light March 9, 2022 EU antitrust regulators are set to clear Amazon's proposed acquisition of US movie studio MGM, insiders have told Reuters.
Amazon accused of using suppliers tied to Chinese forced labour camps March 8, 2022 Amazon is under fire for its supply chain after a new report revealed that the e-commerce giant continues to use suppliers that are tied to forced labour camps in China's Xinjiang region.
Amazon makes major U-turn by shutting all book stores and physical shops in UK March 6, 2022 E-commerce giant Amazon has said it is planning to shut all of its book stores as well as its other brick-and-mortar shops and pop-up stores in the UK and US. The shock announcement to close down all 68 book stores, as well as shops that offer toys and home goods in Britain and the US, [...]