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Amazon notifies shopper about U.S. probe of third-party sellers

24

Mar 2020

Amazon notifies shopper about U.S. probe of third-party sellers

Amazon notified one customer on Thursday about a Department of Justice criminal investigation of third-party sellers on its e-commerce marketplace, according to an email seen by Reuters. The email was sent by Joell Parks, a senior law enforcement response specialist at Amazon to a Reuters editor, who is also an Amazon customer. “We wanted to notify you directly about this matter in the event that...

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Amazon buys 424 Fifth Avenue from WeWork

17

Mar 2020

Amazon buys 424 Fifth Avenue from WeWork

Amazon is acquiring the former Lord & Taylor flagship at 424 Fifth Avenue from WeWork for $1.15 billion, NYPost first reported. The 11-story building spans 660,000 SF, and will serve as the e-commerce giant’s NYC headquarters. Dig Deeper: The deal consists of Amazon paying off $750 million in construction loans taken out for WeWork’s lavish renovation of the space. The remainder consists of more than...

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Amazon Reduces Seller Fees for Fashion in UK, Europe

10

Mar 2020

Amazon Reduces Seller Fees for Fashion in UK, Europe

Amazon is reducing seller referral fees for higher-priced fashion goods in the UK and Europe. The 1-year promotion lowers Selling Partner referral fees for Clothing, Shoes and Handbags over €45 or £40. Amazon said it expects sellers to list a wider range of competitively priced Prime Fashion selection. The referral fee has changed from a flat 15% in UK, Germany, France, Italy, Spain and the...

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Amazon Sellers Hit by Huge Back-Tax Bills Across the Country

03

Mar 2020

Amazon Sellers Hit by Huge Back-Tax Bills Across the Country

Steve Jenson of Logan, Utah, thought he had a good business selling books through Amazon.com Inc.—then he got hit with a $200,000 tax bill from the state of Washington, alleging he had failed to collect and remit sales taxes from customers dating back to 2011. It was a rude awakening for Jenson, who, like many other Amazon sellers, says he wasn’t even aware that he...

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2020 Will Be Amazon’s Comeback Year

25

Feb 2020

2020 Will Be Amazon’s Comeback Year

Amazon delivered a mic-drop 4Q19, which has triggered the stock to climb 15% in the past month alone. Despite recent performance having topped expectations by a mile, I believe Amazon’s longer-term prospects are what’s most enticing. While AMZN is far from being a value stock, multiples seem reasonable enough to justify owning shares at current levels. Retail and cloud giant Amazon (AMZN) had quite a...

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Amazon starts work on new logistics centre in Corvera

18

Feb 2020

Amazon starts work on new logistics centre in Corvera

Amazon has started construction on a 55,000 sq metre logistics centre on the Parque del Sureste, next to Corvera airport, which will serve as it’s distribution platform for the southeast area of ​​the country. After levelling the site, the first pillars were installed last Tuesday with the infrastructure expected to be ready in the next three months. When the centre opens it could create about...

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Bezos’s Sales of Amazon Stock Reach $3.45 Billion in a Week

11

Feb 2020

Bezos’s Sales of Amazon Stock Reach $3.45 Billion in a Week

Stock disposals by Amazon.com Inc.’s founder and chief executive officer over the past week have reached 1.7 million shares, or $3.45 billion, according to the latest round of regulatory filings. The stock has ticked higher regardless, gaining 9.6% since Jan. 30, the day before his sales began. The transactions are part of a pre-arranged trading plan. An Amazon spokesman declined to comment. That brings Bezos’s...

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Amazon announces that sales are up 21%

04

Feb 2020

Amazon announces that sales are up 21%

Amazon have announced in their fourth quarter that sales are up 21% to $87.4 billion. Operating cash flow increased 25% to $38.5 billion for the trailing twelve months. Third-party seller services have accelerated Over the last year Third-party seller services have seen considerable growth. They have risen from 23% in Q1 to 31% in Q4, if you’re a third party seller and you’re not seeing...

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Amazon says it now has more than 150m Prime members as it reports a 20% lift in full-year sales

03

Feb 2020

Amazon says it now has more than 150m Prime members as it reports a 20% lift in full-year sales

Amazon said overnight that its paid-for Prime subscription scheme now has more than 150m members around the world. The update came as it reported full-year and fourth quarter sales both up by a fifth as more customers joined Prime in a quarter than ever before. The online retail giant, ranked Elite in IRUK Top500 research, reported net sales up by 20% to $280.5bn in its...

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Amazon Ads Benchmark Report for Q4 2019

30

Jan 2020

Amazon Ads Benchmark Report for Q4 2019

Ahead of Amazon’s Earnings call this week, Tinuiti has released The Amazon Ads Benchmark Report for Q4 2019. Using anonymized same-client samples derived from more than $400 million in Amazon ad spend under management, the report examines key trends in Amazon Advertising and explores where brands are investing on the platform.- including Amazon DSP, Sponsored Brands and Sponsored Products. Tinuiti’s report reveals the continued growth of...

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