Business, Logistics, Top 100

Amazon Stock Rally Erases Losses for the Year

Chart showing Amazon has erased its 2022 losses

Amazon .com Inc. shares rallied March 28, with the e-commerce giant becoming the first of megacap tech stocks to erase losses for the year.

Ryan Vlastelica | Bloomberg News
March 28, 2022
Government, Business, Safety

Amazon, Walmart Online Orders Likely Delayed by China Lockdowns

Amazon Andrew Harrer/Bloomberg News

Orders placed with global e-commerce platforms like Amazon and Walmart may be delayed by virus lockdowns and restrictions in some of China’s key manufacturing hubs, according to an industry body.

March 15, 2022
Business, Safety, Logistics, Top 100

Amazon Stops Sending Products to Russia

Amazon logo An Amazon logo appears on a delivery van. (Steven Senne/Associated Press)

Amazon .com Inc. says it has stopped shipping products sold on its retail website to customers based in Russia and cut off access to its video streaming service there.

Matt Day | Bloomberg News
March 9, 2022
Business, Technology, Logistics

Amazon Closing All Bookstores, Shops to Focus on Grocery Sector

An Inc. 4-star store in Berkeley, Calif. An Inc. 4-star store in Berkeley, Calif. (Cayce Clifford/Bloomberg News)

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
Government, Business, Technology, Equipment, Logistics, TCA

San Francisco Lawmaker Pushes to Delay Amazon’s Expansion

Amazon One San Francisco lawmaker wants to put a pause on projects including a new Amazon distribution center. (Andrew Harrer/Bloomberg News)

A San Francisco supervisor has introduced legislation that would seek to place an 18-month moratorium on all new parcel delivery services in the city, including Amazon’s proposed 725,000-square foot, last-mile logistics center in Showplace Square.

J.K. Dineen | San Francisco Chronicle
February 16, 2022

Amazon in Pact for Potential Stake in Sensor Maker Velodyne

Velodyne A Velodyne Lidar Inc. puck sensor sits in the bonnet of a self-driving Toyota Motor Corp. Prius hybrid car, operated by Yandex.Taxi. (Andrey Rudakov/Bloomberg News)

Velodyne Lidar Inc. shares more than doubled in late trading Feb. 7 after Inc. acquired warrants that could lead to a stake in the auto-sensor maker.

Dana Hull | Bloomberg News
February 8, 2022
Business, Logistics

Amazon’s $191 Billion Jump Sets Record for Market Value Gain

Packages move along a conveyor at an Amazon fulfillment center Packages move along a conveyor at an Amazon fulfillment center in Robbinsville, N.J. (Michael Nagle/Bloomberg News) Inc. shares surged 14% on Feb. 4, adding about $191 billion in market value, after investors cheered its fourth-quarter earnings report. The advance was the biggest single-day gain in U.S. stock market history.

February 4, 2022
Business, Technology, Logistics, Top 100

Amazon Heads to the Mall With Prototype Clothing Store

How clothing could be displayed at the company's new Amazon Style store concept. How Amazon envisions clothing could be displayed at the company's new Amazon Style store concept. (Greg Montijo/Amazon via Associated Press)

Amazon .com Inc. plans to open a clothing store in a Southern California mall later this year, marking the latest foray into brick-and-mortar for the online retailing giant, which already sells more than 10% of all clothes in the U.S.

Anne D’Innocenzio | Associated Press
January 20, 2022
Government, Business, Logistics

NLRB Sets Amazon Union Vote in Alabama

Amazon election A Retail, Wholesale and Department Store Union supporter holds a sign outside of the union headquarters in Birmingham, Ala., on March 26. (Andi Rice/Bloomberg News) Inc. employees in Bessemer, Ala., will vote by mail next month in a rerun election on whether to unionize, the National Labor Relations Board announced Jan. 11.

January 11, 2022
Business, Technology, Equipment

Amazon, Stellantis Team Up on Auto Software and Delivery Vehicles

Amazon, Stellantis Team Up on Auto Software and Delivery Vehicles An Amazon employee demonstrates a package delivery. (Ted S. Warren/Associated Press) Inc. is partnering with Stellantis NV to develop software with the carmaker and agreed to buy a new electric delivery van.

Tara Patel | Bloomberg News
January 5, 2022