Amazon posts first quarterly loss since 2015 as higher costs and lower sales hit bottom line April 29, 2022 Shares in Amazon have plummeted after the e-commerce giant posted its first quarterly loss in seven years, as the firm faced a litany of challenges that led to higher costs and lower sales. The Seattle headquartered firm posted its first quarterly loss since 2015, as staff shortages and inflationary pressures increased its costs and the [...]
All eyes on Apple and Amazon as quarterly results loom April 27, 2022 With the dismal performance of many big US firms in the past few weeks, all eyes are on Amazon and Apple, who are due to post their quarterly results today.
Amazon faces tide of stateside union action alongside Starbucks and Apple  April 25, 2022 Amazon workers are gearing up to unionise in a second US warehouse, as big name brands continue to feel the sting of impending collective action stateside.
Amazon customers face higher prices for products as retail giant brings in fuel and inflation levy April 25, 2022 Consumers could be hit with higher prices for Amazon products, after the retail giant announced it will impose a new levy on sellers.
Chart topper: Audioboom marks maiden profit after true crime podcast boom April 25, 2022 Podcast firm Audioboom has made a maiden profit after success with true crime podcasts and beating its own records for monthly downloads. In final audited results for the year ended 31 December 2021, the London listed firm posted revenue of $60.3m, an increase of 125 per cent on 2020. The firm reported maiden annual net [...]
Amazon denies crypto payment method rumours April 14, 2022 Amazon chief Andy Jassy said the company will not be adding crypto as a payment method for the foreseeable future following rumours that the internet behemoth was gearing up for a rollout.
Amazon passes inflation surcharges onto sellers as the ecommerce giant battles rocketing costs April 14, 2022 Amazon is set to introduce a five per cent "fuel and inflation surcharge" as the ecommerce giant grapples with the rocketing costs.
Fifa takes on Netflix and Amazon Prime by launching new streaming service Fifa+ April 13, 2022 Fifa has joined the likes of Netflix and Amazon Prime by launching its own streaming platform Fifa+. The free service will provide football fans with live matches from around the world, along with archive content and documentaries. “Fifa+ will provide access to live matches from every corner of the world, interactive games, news, tournament information, [...]
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 [...]