Big name retailers such as Inditex, Amazon and Patagonia have joined the Cargo Owners for Zero Emission Vessels (coZEV) coalition, pledging to achieve zero carbon shipping by 2040. Joining a new cargo owner led network facilitated by the Aspen Institute, a large group of companies have announced their intentions to switch all of their ocean...
Oct. 21, 2021
Payment network Affirm has announced it will be partnering with Amazon on a pay-over-time payment option on the retailer’s website. Amazon customers will be able to split purchase costs into monthly payments using Affirm. Purchases need to be more than 50 dollars, with the total cost of the purchase appearing upfront during checkout. The payment...
Aug. 30, 2021
The pandemic has proven to be a boon for Shein: As of October 2020, the Chinese e-tailer was the world’s largest online-only fashion company, as measured by sales of goods under the company’s own brand, according to Euromonitor International’s proprietary research. Zara and H&M are Shein’s direct competitors, although the former two sell both...
Aug. 24, 2021
Amazon is hoping to disrupt bricks and mortar retail as the online retail giant plans to open several large physical retail locations in the U.S. The news was first reported by the Wall Street Journal, who said the format will be akin to department stores, a move to help the tech company extend its reach in sales of clothing, household items,...
Aug. 19, 2021
For many e-commerce players, the global health pandemic has been a boon for sales. So too at Amazon, who last year saw net sales and operating results significantly boosted by online shoppers, rising 97 percent in the second quarter in 2020. But not this year. As economies reopened, Walmart was unable to keep its digital momentum, despite...
Aug. 18, 2021
Amazon.com, Inc. and GoPro, Inc. unsealed a jointly filed lawsuit against seven individuals and two entities for counterfeiting GoPro’s popular camera accessories, including the floating hand grip, “The Handler,” and the “3-Way” grip, extension arm, and tripod mount. The defendants attempted to offer the infringing products in Amazon’s store,...
Aug. 10, 2021
Making The Cut, Amazon’s first reality TV show, pits 10 entrepreneurial fashion designers from around the world against each other for a prize of one million dollars and a mentorship from Amazon to help them become the next global brand. Many of the designers have tasted success already in their careers. The standard of design therefore is...
Jul. 27, 2021
Amazon’s incoming CEO is already pocketing a big pay day. New CEO Andy Jassy will be receiving more than 200 million dollars in stock, which will pay out over 10 years, according to a regulatory filing from the company. The 61,000 share will be recorded on July 5, the official date that Sassy will succeed Jeff Bezos, marking the company’s first...
Jul. 3, 2021
Sure, most folks are partial to a bargain. Which is precisely why Amazon introduced its Prime Day shopping bonanza mid-year, at a time of less demand than say Black Friday, Cyber Monday, Christmas, Valentine’s Day and anything else on its pushy retail calendar. Just like sample sales, infomercials or any sales technique, Amazon has created an...
Jun. 23, 2021
Amazon.com Inc.'s two-day Prime Day event is happening now with more than 2 million deals on offer. The e-commerce giant's biggest shopping extravaganza of the year started June 21 at 3 a.m. EDT and runs for 48 hours, through June 22. Prime Day 2021 will feature the largest number of deals ever offered in the seven year history of the Prime Day...
Jun. 22, 2021
The highly anticipated Amazon Prime Day will take place on June 21-22, offering more than two million deals worldwide. The two-day event by the e-commerce giant will feature discounts across all categories including fashion, home, beauty, and electronics. The savings will be on brands like Levi’s, iRobot, Samsung, and Redken. There will also be...
Jun. 15, 2021
Jeff Bezos will step down from his long-standing role as CEO of Amazon on July 5, he said at the company’s annual shareholder meeting on Wednesday. The company first announced Bezos’ plan to leave his role at the helm of the company back in February at the same time it announced record net sales of 125.6 billion dollars in the fourth quarter - a...
May 27, 2021
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