The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
SEATTLE, United States — Amazon.com Inc. is hiring 100,000 seasonal workers — 25 percent more than last year — as it continues to make online ordering almost as fast as running to the store.
The short-term hires will supplement 90,000 permanent employees at Amazon’s 70 warehouses and shipping hubs around the country to get through the retailer’s busiest quarter, the Seattle-based company said in a statement Tuesday.
Analysts on average expect Amazon to generate $35.1 billion in fourth-quarter revenue, up 20 percent from a year earlier, according to data compiled by Bloomberg.
The largest online retailer on Thursday will report third-quarter results, which will include its first Prime Day promotion, a one-day blowout sale in July. Amazon said it sold more products on Prime Day than on Black Friday during last holiday season.
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Amazon has expanded same-day delivery to 12 U.S. cities, requiring the company to build new shipping hubs closer to urban areas. It also is delivering meals from restaurants in Seattle and Portland and has created crafts marketplace Amazon Handmade to compete with Etsy Inc. and EBay Inc. as the retailer seeks new revenue sources.
Amazon’s extensive network of warehouses close to customers puts the company far ahead of retail competitors, Scot Wingo, chairman of e-commerce consultant ChannelAdvisor Corp., wrote in his blog.
As Amazon decreases delivery times and costs, “other retailers are going to struggle to come close,” Wingo wrote.
By Spencer Soper; editors: Jillian Ward, Tony Robinson, Paul Barbagallo.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.