Amazon Closes, Abandons Plans for Dozens of US Warehouses(bloomberg.com)
bloomberg.com
Amazon Closes, Abandons Plans for Dozens of US Warehouses
https://www.bloomberg.com/news/articles/2022-09-02/amazon-closes-abandons-plans-for-dozens-of-us-warehouses
8 comments
I don't find the surface explanation hard to accept. Amazon expanded aggressively during the pandemic to meet huge demand. Post-pandemic demand has contracted significantly and they are responding to that. It would require an explanation to their shareholders if they were not responding to events.
I would also add that Amazon seems to be losing ground to competitors.
I mean, I actually have bought things from Walmart online recently. They were literally the only source I could buy the stuff from online.
So, not only has Amazon lost to counterfeiters, now they're even losing the battle on the "selection" front.
I mean, I actually have bought things from Walmart online recently. They were literally the only source I could buy the stuff from online.
So, not only has Amazon lost to counterfeiters, now they're even losing the battle on the "selection" front.
Amazon's losing it, here and there, on price as well. Their price for my cat's l-lysine supplement is 3/2 what it is from a well-known pet stuff supply. The price for my new sunglasses was matched by the manufacturer which also ships faster.
Or Could it by in addition to the recession
"No Soft Landing Ahead to Save Stocks, Goldman’s Oppenheimer" https://www.bloomberg.com/news/articles/2022-09-02/no-soft-l...
"Brace for ‘Recession Shock’ as Outflows Rock Equities, Bank of America Says" https://www.bloomberg.com/news/articles/2022-09-02/bofa-says...
"Brace for ‘Recession Shock’ as Outflows Rock Equities, Bank of America Says" https://www.bloomberg.com/news/articles/2022-09-02/bofa-says...
Is the insinuation here that Amazon is forgoing business in a dozen different locations... as a form of retaliation against completely unrelated workers? Or that unionizing affects their bottom line profitability enough to start cancelling operations?
> “There remains some serious cutting to do before year-end -- in North America and the rest of the world,” said Marc Wulfraat, MWPVL’s founder and president. “Having said this, they continue to go live with new facilities this year at an astonishing pace.”
> Maria Boschetti, an Amazon spokesperson, said it’s common for the company to explore multiple locations at once and make adjustments “based upon needs across the network.”
This doesn't seem particularly notable then - they are continuing to grow their operation.
> Maria Boschetti, an Amazon spokesperson, said it’s common for the company to explore multiple locations at once and make adjustments “based upon needs across the network.”
This doesn't seem particularly notable then - they are continuing to grow their operation.
Nothing to see here. Their loss.
https://www.theregister.com/2022/09/02/alu_victory_amazon_un...