Amazon news and archive

Amazon to pay 2.5 billion dollars to settle Prime enrollment case

Amazon agreed Thursday to pay 2.5 billion dollars to settle allegations from a US regulator that it used deceptive practices to enroll consumers in Amazon Prime and made it difficult to cancel subscriptions. The Federal Trade Commission's lawsuit, filed in federal court in Seattle, alleged that Amazon knowingly tricked consumers into signing up...

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Amazon faces US trial over alleged Prime subscription tricks

Jury selection began Monday in a US government lawsuit accusing e-commerce giant Amazon of using tricks to enroll millions of customers into its Prime subscription service and then making it nearly impossible to cancel. Opening remarks by rival attorneys were slated for Tuesday, with witness testimony to follow. The Federal Trade Commission's...

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Amazon under fire for price-parity policies

Marketplace giant Amazon has come under fire in the UK for allegedly making consumers pay more than they should have due to its price-parity policies. The Association of Consumer Support Organisations (ASCO) has said it has applied for a collective proceedings that would allow it to bring legal action against Amazon on behalf of over 45 million...

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Amazon exceeds revenue expectations but share price falls

The world's largest online retailer disappointed stock market traders with the growth of its cloud division, AWS, and a cautious profit outlook. The share price fell by 6.5 percent in after-hours trading. Amazon presented figures for the past quarter that exceeded analysts' forecasts. Revenue for the world's largest online retailer increased by...

Retail

5 Sneaky Online Shopping Fees Consumers may be Unknowingly Spending Money On

The convenience and ease of online shopping today remain unrivalled. As consumers across the world opt for benefits linked to ecommerce, many reportedly remain unaware of the amount of “hidden fees” associated with it that may silently increase their final bill. To help consumers better understand the costs linked to online shopping, an online...

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Amazon shuts down Shanghai AI lab: source

US tech giant Amazon has shut down its artificial intelligence research lab in Shanghai, a source with direct knowledge of the matter confirmed to AFP. News that the lab, part of cloud division Amazon Web Services (AWS), has closed comes with AI at the forefront of a tech race between China and the United States. In a screenshot of a WeChat post...

Retail

New research shows changing consumer attitudes towards second-hand economy

New research from Amazon, compiled by the Centre for Economics and Business Research (CEBR), has revealed that two-thirds of British consumers bought second-hand goods online last year, with pre-owned online shopping set to grow to 4.8 billion pounds in the UK this year. The changing consumer attitudes towards the second-hand economy are being...

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Amazon launches creative grants in UK for underserved communities

Marketplace giant Amazon has launched a new initiative designed to help support underserved creative communities in the UK. The Regional Creatives Fund offers grants of up to 30,000 pounds to charities looking to pursue creative ambitions. While the project is open to organisations backing the fashion industry, it is also welcomes those...

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New investigation shines light on forced labour risks in Amazon seller supply chains

With Amazon Prime Days well underway and the online giant predicted to hit 23.8 billion US dollars this week, new research highlights the significant risks of forced labour hiding within Amazon sellers' supply chains. An investigation from human rights campaign organization Labour Behind the Label traced fashion products from three UK-based...

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Amazon to invest 40 billion pounds in UK, four new fulfilment centres planned

Marketplace giant Amazon has unveiled plans for a 40 billion pound investment in the UK market where, over the next three years, it is looking to establish four new fulfilment centres and two new London offices. The company, which already employs over 75,000 people in the UK, said the plans will only expand on this number, creating “thousands of...

Culture

Amazonian design takes centre stage at London Climate Action Week

As the fashion industry continues to reckon with its climate impact, a new exhibition at London Climate Action Week is shifting the spotlight from rhetoric to regeneration, and from the global north to the heart of the Amazon. Opening at Coal Drops Yard from 25–29 June, (re)weaving Amazonia’ is a flagship event of the LCAW King’s Cross Hub and...

Retail

Rebag partners with Amazon to offer pre-owned luxury on a larger scale

Luxury resale platform Rebag has partnered with Luxury Stores at Amazon to offer nearly 30,000 authenticated, pre-owned items—ranging from handbags to watches—through Amazon’s online storefront. Featuring brands like Hermès, Louis Vuitton, and Rolex, the partnership aims to make high-end resale more accessible while promoting sustainable...