Amazon

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On This Prime Day, 'Pain Is Considerable' for Amazon

One of company's biggest annual events comes amid excess costs, sluggish online sales growth

(Newser) - Amazon is heading into its annual Prime Day on Tuesday much differently than how it entered the pandemic. The company has long used the two-day event—one of its biggest all year—to lure people to its $139 Prime membership. Amazon doesn't disclose total Prime Day sales, though growth...

Amazon's Staff Turnover Rate May No Longer Be Sustainable

Internal memo reveals fears of exhausting available US labor pool by 2024

(Newser) - With its sky-high staff turnover rate, Amazon fears it could run out of US workers by 2024, an anxiety that could force higher wages or increased automation. That's according to leaked internal research from mid-2021 as seen by Recode . "If we continue business as usual, Amazon will deplete...

Amazon Rolls Out Abortion-Travel Benefit

Benefit applies to those who need to travel more than 100 miles

(Newser) - On the same day that a Supreme Court opinion was leaked, suggesting Roe v. Wade may be overturned , Amazon told staff that it would pay up to $4,000 in travel expenses annually for abortion and other non-life threatening medical treatments. In a Monday memo obtained by Reuters , Amazon said...

Amazon Workers in NYC Vote to Reject Union

Retail giant fends off 2nd union win

(Newser) - Amazon warehouse workers rejected a union bid on Monday, dealing a blow to organizers who last month pulled off the first successful US organizing effort in the retail giant’s history. This time around, warehouse workers cast 618 votes—or about 62%—against the union, giving Amazon enough support to...

Amazon Stock Falls After Loss
Amazon Loses Nearly $4B
Apr 28, 2022 6:20 PM CDT

Amazon Loses Nearly $4B

Shares fall 10% after quarterly results

(Newser) - Amazon on Thursday reported its first quarterly net loss since 2015: $3.8 billion in the three months ended March 31, after posting a profit of $8.1 billion in the same period last year. Analysts surveyed by Refinitiv had expected a profit of $4.4 billion, CNN reports. Amazon...

Amazon Plans a Climbable Office Tower
Amazon Receives
OK for Climbable
Office Tower
updated
Apr 23, 2022 5:45 PM CDT

Amazon Receives OK for Climbable Office Tower

Building across river from DC will rival Washington Monument on area's skyline

(Newser) - Update: Amazon won local approval Saturday to build a helix-shaped tower to anchor its second headquarters in Virginia, across the Potomac River from Washington, DC. The vote by the Arlington County Board was unanimous, the AP reports. Board Chair Katie Cristol had said officials sought feedback from residents and worked...

Why Barnes &amp; Noble Is Beloved Once More
Barnes & Noble
Has, Improbably,
Become a Good Guy
in case you missed it
Apr 23, 2022 7:31 AM CDT

Barnes & Noble Has, Improbably, Become a Good Guy

The 'New York Times' looks at the chain's much-improved reputation

(Newser) - Barnes & Noble is like a phoenix rising from the ashes—its sales, yes, but more than that, its reputation. Once derided as an independent bookstore killer, the New York Times takes a look at how the chain is regarded these days: as crucial. A key line from Elizabeth A....

Judge to Amazon: Hire Back Fired Worker

Judge expresses skepticism about Amazon's true motives in Staten Island case

(Newser) - A judge has ruled Amazon must reinstate a former warehouse employee who was fired in 2020, saying the company “unlawfully” terminated the worker who led a protest calling for Amazon to do more to protect employees against COVID-19, per the AP . In June 2020, and Gerald Bryson filed a...

Amazon Is Trying to Overturn Historic Union Win

Company argues actions of union organizers tainted results of vote

(Newser) - Amazon is seeking to overturn the historic union victory at one of its New York City warehouses, arguing in a legal filing Friday that union organizers and the National Labor Relations Board acted in a way that tainted the results. It now wants to redo the election. The e-commerce giant...

Words Amazon Workers May Not Be Able to Say in App

Including 'union' and 'restroom,' per the Intercept

(Newser) - The Intercept reports that Amazon is working on a chat app designed to be used by its employees with the goal of boosting morale. That in itself is pretty humdrum stuff. But the reason the story is generating attention is because the Intercept also says Amazon plans to make some...

In a First, Amazon Workers Vote to Unionize

Warehouse employees in Staten Island prevail against the retail giant

(Newser) - Amazon workers in Staten Island voted to unionize on Friday, marking the first successful US organizing effort in the retail giant’s history, per the AP . Votes were still being tabulated, but union supporters secured a wide enough margin to give the fledgling Amazon Labor Union enough support to pull...

Tim Cook Just Dunked on Netflix, Amazon

Oscar win for his platform's 'CODA' gives him bragging rights ahead of older rivals

(Newser) - When CODA won the Oscar for best picture on Sunday, it handed a huge victory to Tim Cook and his Apple+ streaming platform. After all, Cook "triumphed just two and a half years after formally entering the film and TV business," writes Matthew Belloni at Puck . He trumped...

Seattle Pride Boots Amazon as Parade Sponsor

Cites company's donations to anti-LGBTQ politicians, and much more

(Newser) - Seattle Pride cut ties with Amazon on Tuesday, removing the company as sponsor of its Pride March. "Seattle Pride has decided to not partner with Amazon for the 2022 Seattle Pride Parade because of their financial donations to politicians who actively propose and support anti-LGBTQIA+ legislation, oppose pro-LGBTQIA+ and...

In Cape Town, an Indigenous Win on 'Obscene' Amazon Project

Court temporarily halts retail giant's building of African HQ in Cape Town

(Newser) - Thousands of years ago, South Africa's earliest dwellers roamed the land. Now, as Amazon tries to build its new African headquarters there, it's facing a battle from Indigenous locals who say the company shouldn't be building on what they say is sacred land—and last week, they...

Amazon Is Closing 68 Brick-and-Mortar Stores

Company is ditching bookstores, 4-star stores

(Newser) - Amazon is closing all of its brick-and-mortar bookstores, as well as its 4-star shops and pop up locations, as the online retail behemoth reworks its physical footprint. The Seattle-based company said Wednesday that the move, which affects 66 stores in the US and two in the United Kingdom, will enable...

Peloton Shares Surge Amid Buyout Rumors

Amazon, Nike are among the reported suitors

(Newser) - Peloton is back in the news, but not because of another fictional heart attack . This time, it's because the company's stock is surging amid takeover rumors, reports CNBC . Shares were up more than 25% in trading Monday after multiple reports—including in the Wall Street Journal and London'...

Meta Plunge Knocks Zuckerberg Out of Top 10 Billionaires

Bezos is set to get $20B richer

(Newser) - Share price swings have brought the fortunes of two tech billionaires up—and down—by amounts equivalent to the GDPs of small countries. Shares in Meta, Facebook's parent company, plummeted 26% on Thursday, bringing Mark Zuckerberg's net worth down by around $29 billion to $85 billion, reports Reuters...

Fresh Off Jump in Profit, Amazon Raises Prime Rates

Yearly rate will climb $20, to $139

(Newser) - On the day it announced that quarterly profit almost doubled, Amazon said the price of a Prime membership is going up. The annual charge in the US will be $139, up from $119, while the monthly fee will rise from $12.99 to $14.99, USA Today reports. It's...

What You Should Know About Alphabet's Stock-Split News

Entry point into investing in Google parent company will be lower in July

(Newser) - Alphabet has had plenty of people doing division over the last day, after the Google parent company announced a planned 20-for-1 stock split, the Wall Street Journal reports. What does this mean for the value of the stock, the future of Alphabet and its subsidiaries, and the stock market at...

Amazon Goes Brick-and-Mortar Again, and It's High Tech

Doors will open at the Amazon Style apparel store in Glendale, Calif., later this year

(Newser) - Amazon is the nation's No. 1 apparel retailer , but it has apparently decided that online sales aren't enough. CNBC reports the e-commerce giant will be opening a clothing store (as in one you can actually walk into) in a Los Angeles suburb later this year. Amazon Style will...

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