[HN Gopher] Amazon Closes, Abandons Plans for Dozens of US Wareh...
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Amazon Closes, Abandons Plans for Dozens of US Warehouses
Author : vic-traill
Score : 18 points
Date : 2022-09-02 20:48 UTC (2 hours ago)
(HTM) web link (www.bloomberg.com)
(TXT) w3m dump (www.bloomberg.com)
| egberts1 wrote:
| Of course, this is following Amazon losing against hoisting a
| union election.
|
| Nothing to see here. Their loss.
|
| https://www.theregister.com/2022/09/02/alu_victory_amazon_un...
| hirundo wrote:
| 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.
| bsder wrote:
| 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.
| jet_32951 wrote:
| 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.
| shaburn wrote:
| 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...
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(page generated 2022-09-02 23:01 UTC)