How do you replace somebody like Jeff Bezos? February 6, 2021 There are very few CEOs who are household names, and fewer still whose actions, ethics and business acumen are discussed as widely as Jeff Bezos. Jeff Bezos and Amazon are almost interchangeable – he basically is the company which he has worked so hard to build. This week though, the founder and CEO of Amazon [...]
Screenshot: How Amazon set up shop on cloud nine February 5, 2021 This week **Media Moment of the Week: Parish the thought **How Amazon set up shop on cloud nine **Will BT look to the stars? Media Moment of the Week: Parish the thought Anyone who thinks local politics is boring has clearly never attended a meeting of the Handforth Parish Council Planning and Environment Committee. Or [...]
Amazon to hire 1,000 UK apprentices as revenue surges February 5, 2021 Amazon will hire 1,000 apprentices across the UK this year as the ecommerce giant continues its rapid expansion amid a pandemic-driven trading boom. The US tech firm said the roles will cover more than two dozen different programmes ranging from engineering, safety technicians and broadcast production to IT and HR. The plan includes 100 degree-level [...]
New Amazon chief needs to think about his company’s role in society February 5, 2021 Amazon’s recent financial report saw it hit another huge milestone, delivering its largest quarter by revenue of all time at $125.56 billion – reaching the $100 billion mark for the first time. This success has much to do with founder Jeff Bezos’s relentless focus on the customer and their unchanging needs: value, choice and convenience. [...]
Amazon’s UK sales surge to £20bn thanks to lockdown boom February 3, 2021 Amazon’s UK revenue jumped more than 50 per cent to hit $26.5bn (£20bn) last year as coronavirus lockdown sparked bumper demand for online shopping. The US tech giant last night reported full-year sales of $280.5bn, with revenue surpassing $125bn in the final three months of the year alone. But in-depth documents filed with the Security [...]
Jeff Bezos to step down as Amazon chief executive as quarterly sales hit $125bn February 3, 2021 Jeff Bezos will step down as chief executive of Amazon this year, moving to the new role of executive chair. Amazon today said Bezos will transition to the new job in the third quarter and will be replaced as chief executive by Andy Jassy, who currently leads Amazon Web Services. It came as the ecommerce [...]
Amazon earnings: What to expect amid a record-breaking tech boom February 1, 2021 Amazon enjoyed a stellar 2020, so all eyes will be on the ecommerce giant tomorrow night as it reports earnings for the final quarter of the year. Apple last week kicked off tech earnings season with bumper revenue of $111.4 (£81.5bn) — its best ever quarter, while Facebook also beat expectations. Amazon is also expected [...]
Boots owner WBA appoints former Amazon director as new CEO January 27, 2021 The owner of Boots will strengthen its team in March with the appointment of a business powerhouse as the new CEO and adding a new executive chairman to its board. Previously chief operating officer of Starbucks Rosalind Brewer will join Walgreens Boots Alliance (WBA) as chief executive officer. Brewer, a former Amazon director, was the [...]
Amazon halts alcohol sales in Northern Ireland following new Brexit customs rules January 27, 2021 Online retail giant Amazon has halted sales of wines, beers and spirits in Northern Ireland as it prepares to de-list more products under new Brexit customs rules. The company is concerned that excise duty will now have to be paid twice on alcohol shipments sent from British mainland across the Irish Sea. Amazon suspended orders [...]
Amazon hit with class-action lawsuit over ebook price-fixing January 15, 2021 Amazon has been slapped with a class-action lawsuit over accusations it colluded with publishers to fix ebook prices. The lawsuit, filed in a New York district court, alleges that Amazon and the so-called Big Five publishers — Penguin Random House, Hachette, Harper Collins, Macmillan and Simon & Schuster — agreed to price restraints that cause [...]