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Management

Amazon to invest 700 million euros in European robotics and AI

Amazon is leveraging its Innovation Lab, a diverse team of scientists and engineers from around the globe, to pioneer new technologies aimed at enhancing support for employees and improving customer satisfaction. Situated in Vercelli, Italy, the Amazon Operations Innovation Lab is shaping the trajectory of work across Amazon's network where...

Management

Q1 of 2024 marked by series of job cuts

The first quarter of the year has outlined the tough reality of the current market, with last year’s challenging financial period leaving many companies with no option but to initiate strategic reviews. And, as part of this process, inevitably the question of jobs comes into play, with roles, departments and geographies coming under the...

Management

Uniqlo parent Fast Retailing increases half-year sales and profit

Thanks to the strong international business of its Uniqlo clothing chain, the Japanese retail group Fast Retailing Co. Ltd. was able to close the first half of the 2023/24 financial year with solid growth in sales and earnings. In light of the latest figures, the company raised its profit forecast for the full year on Thursday. However, the...

Management

THG manages to narrow FY23 losses, revenues drop

THG Group’s preliminary revenue declined 8.4 percent, while the group’s continuing revenue of 1,983.7 million pounds, declined 2.8 percent as the company prioritised profitable sales and territories reflected in the higher quality EBITDA. Fourth quarter revenue improved 1.1 percent. The company said in a statement that the UK was a key growth...

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