Tag: amazon

Retail Asia06/02/2024
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3min0
Amazon is among the companies that has iterated a lot when it comes to artificial intelligence. The US-based giant continues to develop new AI tools, especially now that AI is the main buzzword in the tech world. The latest AI-powered feature introduced by Amazon is Rufus, an AI assistant that’s supposed to help users with their shopping […]

Retail Asia27/10/2023
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3min0
Amazon has delivered a stunning 244 percent growth in third-quarter net income as – in the words of one analyst – it overrides the slight slowdown impacting the wider US consumer economy. The e-commerce giant booked a net income of $9.9 billion during the third quarter of FY23, which GlobalData MD Neil Saunders attributes to […]

Retail Asia07/05/2023
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8min0
Amazon is the world’s largest retailer – online, offline, or otherwise. That means by studying the popular site’s revenue and sales statistics, you can get a pretty good feel for the larger global shopping trends. And here’s what’s most interesting: The hot product categories and trends tend to change on a yearly basis. In this […]

Retail Asia24/04/2023
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2min0
The company announced that Amazon launched its Anti-Counterfeiting Exchange (ACX), an initiative to help retail stores label and track marketplace counterfeits as part of the e-commerce giant’s efforts to crack down on organized crime on its platform on Thursday. Online marketplaces in the United States, including Amazon face hurdles in keeping counterfeiters off their platforms […]

Retail Asia22/04/2023
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2min0
The company announced that Amazon launched its Anti-Counterfeiting Exchange (ACX), an initiative to help retail stores label and track marketplace counterfeits as part of the e-commerce giant’s efforts to crack down on organized crime on its platform on Thursday. Online marketplaces in the United States including Amazon face hurdles in keeping counterfeiters off their platforms […]

Retail Asia05/01/2023
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2min0
Amazon.com’s layoffs will now stretch to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting January 18, will largely impact the company’s e-commerce and human-resources organizations, he said. The cuts amount […]

Retail Asia30/12/2022
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2min0
Vietnamese vendors have sold nearly 10 million products on Amazon this year, totaling an export value over 45% more than 2021, according to a report by the American e-commerce giant. During the pandemic, there were “thousands” of Vietnamese vendors on Amazon, and their top-selling products were in the categories of kitchen ware, home appliances, garment […]

Retail Asia16/12/2022
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3min0
Vietnamese company Gilimex Inc. is suing e-commerce giant Amazon for $280 million for allegedly cutting back on orders, leaving it with an excess inventory. Gilimex, a manufacturer of textile and other products based in Ho Chi Minh City, said in a filling in a New York state court on Monday that it has been partnering […]

Retail Asia31/10/2022
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7min0
Amazon on Thursday forecast a slowdown in sales growth for the holiday season, disappointing Wall Street and warning that inflation-wary consumers and businesses had less money to spend. Amazon’s 12 per cent extended-trade stock drop erased about $140 billion in its market capitalisation, greater than the entire value of companies such as Morgan Stanley, Netflix […]

Retail Asia16/08/2022
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2min0
Amazon.com will invest in istyle, the company behind the @cosme review and retail site, gaining access to the Japanese beauty product vendor’s trove of user reviews. Under the agreement announced Monday, istyle will issue 2.5 billion yen ($18.7 million) in convertible bonds as well as 11.5 billion yen in warrants to Amazon on Sept. 6. […]

Retail Asia24/03/2022
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5min0
Amazon Singapore has today launched a new mental health benefits package that provides its employees and their families with personalised, convenient, and confidential mental health and well-being support. The new service provides holistic mental well-being support with services such as life coaching, legal and financial support, and mindfulness resources available in addition to the traditional […]

Retail Asia15/03/2022
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3min0
Twenty-four Amazon investors are urging the tech giant to step up transparency in tax disclosures and adopt a new reporting standard, the Financial Times said on Sunday. Asset managers Nordea, Royal London, and several large European and U.S. pension funds are among those pushing for Amazon to issue a transparency report in line with Global […]

Retail Asia03/03/2022
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3min0
Amazon is closing most of its physical stores, the company announced today, with all 68 of its Amazon Books, Amazon 4-Star, and Amazon Pop Up locations across the US and the UK set to close while the company refocuses on its grocery and fashion stores. Amazon Books was one of the primarily online storefront’s first physical […]


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