Amazon results and outlook fall short as warehouse, fuel costs soar

After a surge in sales because of the COVID-19 pandemic, Amazon faces new challenges in the return to normal, and as the Ukraine-Russia conflict continues Inc delivered a disappointing quarter and outlook on Thursday, April 28, as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers. … Read more

How Reliance stunned Amazon in battle for India’s Future Retail

Reliance Industries, India’s biggest conglomerate, presses ahead with a shock de facto takeover of prized retail real estate that Amazon has been keen to take part ownership of MUMBAI, India – At a large Future Retail supermarket in Mumbai last week, workers were unloading hundreds of bright blue grocery crates belonging to India’s biggest retailer … Read more