Business, Logistics, Private

Amazon to Sell Bay Area Office Complex as Sales Growth Cools

Amazon .com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, the company’s latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.

Spencer Soper | Bloomberg News
January 26, 2023
Government, Business, Logistics

Cyber Monday Sales on Track to Break Record Despite Inflation

U.S. shoppers spent $11.3 billion on Cyber Monday, a robust showing that suggests steep discounts attracted inflation-stung shoppers.

Spencer Soper | Bloomberg News
November 29, 2022
Government, Business, Logistics

Amazon CEO Says Job Cuts Will Continue Into 2023

Amazon.com Inc. CEO Andy Jassy said the e-commerce giant will be cutting jobs into 2023 as it adjusts to business conditions, his first public comments about the cost-reduction plans roiling Amazon since reports that it planned to wipe out about 10,000 jobs.

Spencer Soper | Bloomberg News
November 18, 2022
Business, Equipment, Logistics

Amazon Employees Fear ‘No One Is Safe’ as Layoffs Roil the Ranks

“No one is safe.” So wrote an Amazon.com Inc. employee on an internal chat room as the company began the largest round of layoffs in its history.

Spencer Soper | Bloomberg News
November 16, 2022
Business, Logistics, Private

Amazon Reports Strong Sales That Ease Fears of Slowdown

Amazon .com Inc. reported revenue that topped estimates and gave a strong sales forecast for the current quarter, allaying investor concerns about potential belt-tightening by inflation-rattled consumers. Shares jumped more than 10% in extended trading.

Spencer Soper | Bloomberg News
July 28, 2022
Logistics

Amazon Prime Day Pushed Web Sales Up 8.5% to $11.9 Billion

Online spending in the U.S. rose 8.5% to $11.9 billion during Amazon.com Inc.’s two-day Prime Day promotion, according to Adobe Inc., helping boost traffic on competing sites such as Walmart.com and Target.com that held their own sales.

Spencer Soper | Bloomberg News
July 14, 2022
Business, Technology, Logistics

Exiting Amazon Executive Dave Clark Joins Flexport

Dave Clark, who spent two decades climbing the ranks at Amazon.com Inc. to become its consumer chief, is joining logistics software startup Flexport Inc.

Spencer Soper | Bloomberg News
June 8, 2022
Business, Technology, Logistics, Private

Amazon Targets Shopify With New ‘Buy With Prime’ Service

Amazon.com Inc. said it will let merchants sell products they list with the e-commerce giant directly from their own websites, as part of a move to blunt the momentum of fast-growing competitor Shopify Inc.

Spencer Soper | Bloomberg News
April 21, 2022
Business, Technology, Fuel

Amazon Adds 5% Fuel, Inflation Surcharge for Sellers

Amazon.com Inc. will charge businesses that sell products on its website a 5% fuel and inflation fee beginning April 28, according to documents reviewed by Bloomberg, a first for the company.

Spencer Soper | Bloomberg News
April 13, 2022
Business, Technology, Logistics

Amazon Closing All Bookstores, Shops to Focus on Grocery Sector

Amazon .com Inc. is closing all of its physical bookstores, “Amazon 4-Star” locations and mall pop-up kiosks as the world’s largest online retailer narrows its brick-and-mortar push to the grocery sector.

Spencer Soper | Bloomberg News
March 2, 2022