Amazon transfers £8.2bn of UK revenue to Luxembourg, report says August 11, 2021 Amazon has shifted some £8.2bn worth of UK revenues to European tax haven Luxembourg, a new report has claimed, as the ecommerce giant bats off calls for a tax inquiry. The retail heavyweight declared £13.7bn in UK revenues in 2019, however, filings for its UK-based companies said it only reported £5.5bn in sales. The report, [...]
Amazon and Google hit with competition probe over fake reviews June 25, 2021 Amazon and Google have been hit with a competition probe in the UK over concerns they have not done enough to tackle fake reviews on their sites. The Competition and Markets Authority (CMA) today opened a formal investigation into the tech platforms to examine whether they have broken consumer laws by taking insufficient action to [...]
Amazon boss Jeff Bezos completes Blue Origin space flight July 20, 2021 Amazon billionaire Jeff Bezos has landed safely back on Earth following the inaugural space flight aboard his company Blue Origin’s New Shepard rocket. The world’s richest person and three crewmates were launched to the edge of space on a voyage that lasted roughly 10 minutes and 20 seconds. They blasted off from Blue Origin’s Launch [...]
Amazon destroying hundreds of thousands of unsold items every week June 21, 2021 Amazon is destroying hundreds of thousands of unsold items every week, amounting to millions of items each year, many of which are new and unused. An undercover investigation by ITV found Smart TVs, laptops, drones, hairdryers, top of the range headphones, computer drives, books and thousands of sealed face masks were sorted into boxes marked [...]
Amazon pushes back on return to office as Delta variant takes hold in US August 6, 2021 Amazon has postponed the return to the office for its employees until January 2022 amid concerns about continued surging coronavirus cases worldwide. The retail giant said on Thursday it would not expect its corporate employees – who had been due to return to their desks next month – to return to the office until 3 [...]
Amazon retains crown as world’s most valuable brand June 21, 2021 Amazon has retained its place as the world’s most valuable brand, growing 64 per cent this year to $684bn – equivalent to the GDP of Poland. Amazon’s value grew by $268bn in the last year, according to data from Kantar, as a locked down world turned to the retailer for their online shopping. After Amazon, [...]
UK hiring woes: Amazon lures new recruits with £1,000 joining bonus August 25, 2021 E-commerce giant Amazon is offering new warehouse recruits a £1,000 joining bonus as it looks to attracts staff amid a mounting hiring crisis. The group is advertising for “urgently needed” warehouse pickers and packers across the UK to help meet booming online shopping demand. Job ads on the Indeed website reveal it is offering to [...]
Precious £336m: Amazon shifts Lord of the Rings series production from New Zealand to UK October 6, 2021 Amazon’s TV and film division is set to shift its Lord of the Rings series production to the UK from New Zealand in a major boost for the country’s booming creative sector. The move marks an upbeat investment in the UK’s television industry, with Amazon Studios having already injected around $465m (£336m) into the first [...]
London Amazon sellers generate £263m monthly revenue in e-commerce boom August 19, 2021 UK Amazon sellers now account for 5.5 per cent of the country’s retail sector’s monthly turnover. Some 13,483 Amazon sellers generate almost £2.5bn in monthly sales, according to analysis from online consumer goods company Trasio. This represented 5.5 per cent of the entire UK retail sector’s turnover in June. London Amazon sellers generate £263m revenue [...]
Generation Amazon: Subscription lifestyle market to swell to £1bn by next year July 29, 2021 From groceries to perfume, clothing, contact lenses, beer and even period care, the subscription lifestyle is booming and the pandemic has only increased the number of us opting for the convenience it provides. As a result, the subscription box sector is on course to reach over £1bn in market value by 2022, a 77 per [...]