Amazon.com’s financial results for the first quarter of 2025, showcased growth across its core business segments. Net sales increased by 9 percent year-over-year to 155.7 billion dollars, with North America contributing 92.9 billion dollars and international sales reaching 33.5 billion dollars. Amazon Web Services (AWS) experienced a 17 percent...
2 May 2025
The White House on Tuesday slammed Amazon over reports it would soon tell consumers how much US President Donald Trump's tariffs have contributed to the price tag on its goods. "This is a hostile and political act by Amazon," Press Secretary Karoline Leavitt told reporters during a briefing in Washington. "Why didn't Amazon do this when the...
29 Apr 2025
Marketplace giant Amazon has teamed up with US department store Saks Fifth Avenue on a new multi-brand storefront, featuring a curation of luxury fashion and beauty brands that will now be housed under ‘Luxury Stores at Amazon’. Through the new partnership, Amazon Fashion customers can now browse and shop a selection of women’s and men’s...
Multi-platform sports and entertainment brand Game 7 has launched its debut apparel collection in partnership with Centric Brands exclusive in Amazon Stores in the US. The line is described as a “style-driven sports team apparel collection” and aims to offer an elevated take on athleticwear, including exclusive National Basketball Association...
22 Apr 2025
Amazon has made a last-minute bid to buy TikTok, which faces a US ban if not sold by its Chinese owner, the New York Times reported on Wednesday. The offer arrived in a letter to officials involved in talks regarding the sale of TikTok to appease US national security concerns, according to the New York Times. Amazon declined to comment on the...
3 Apr 2025
Mercado Libre, a Latin American rival of Amazon, announced Friday a 3.4 billion dollars investment in Mexico, the latest in a series of pledges by foreign firms in spite of US tariff threats. "It means that despite these tariff issues, they're going to continue their investment in Mexico," economy minister Marcelo Ebrard said after the Argentine...
10 Mar 2025
According to a recent Financial Times report, the European Union is set to dramatically reshape the e-commerce landscape with new regulations targeting major platforms like Shein, Temu, and Amazon Marketplace. The proposed reforms would make these platforms directly liable for dangerous or counterfeit products sold through their sites - a...
3 Feb 2025
With the new year truly underway, retailers around the world are putting their game faces on for a volley of fresh challenges. From ever-changing consumer behaviors to emerging technologies, market fluctuations, and shifting regulations to convoluted trade dynamics, retailers will have to square off with a new retail game in 2025. Thriving...
31 Jan 2025
The British government has decided to appoint a former Amazon boss as chair of the competition regulator CMA, an announcement that comes as US President Donald Trump has vowed to defend its tech giants abroad. Doug Gurr, president of Amazon China between 2014 and 2016 and then director of the group in the UK until 2020, "has been appointed...
23 Jan 2025
Amazon will invest more than $5 billion in a data center in central Mexico, the e-commerce giant said on Tuesday, part of a push by big tech to add more storage facilities to meet the needs of AI. The director of Amazon Web Services (AWS) in Latin America, Paula Bellizia, announced the investment at President Claudia Sheinbaum's regular morning...
14 Jan 2025
Amazon’s direct-to-customer offering ‘Buy with Prime’ will be expanding to watch and accessories brand Fossil’s website in February. The move will mean that US-based Prime members will be able to shop on Fossil.com and enjoy the “power of Amazon’s fulfilment network,” meaning fast, free delivery, easy returns and 24/7 shopper support. Peter...
As the sun rises over the Amazonian island of Marajo, Renato Cordeiro laces up his boots, grabs his knife, and heads out to tap his rubber trees. Drop by drop, he collects the milky white sap, known as latex, that sustains him. The recent revival of the rubber tapper trade in this impoverished northern Brazilian region has created jobs for...
9 Jan 2025