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Amazon could end N.J. warehouse leases as online shopping slows, sources say

Summary by Ground News

Amazon doubled the size of its operations during the pandemic. The company found itself with too much warehouse space and too many workers. CEO Andy Jassy said the company was now focused on improving productivity. Last month, the company reported its first quarterly loss since 2015, fueled by the slowdown.

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Portland Press Herald

Center

Amazon will sublease warehouses as online shopping slows

The e-commerce giant doubled the size of its operations during the pandemic.

3 years ago·Portland, United States

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WTXF

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Amazon could end N.J. warehouse leases as online shopping slows, sources say

Amazon is planning to sublease some of its warehouse space and could end more of its leases in states including New York, New Jersey and California.

3 years ago

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WPMT FOX43

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Amazon to sublease warehouses as online shopping slows

Amazon doubled the size of its operations during the pandemic, but the online shopping surge has eased.

3 years ago

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Fox Business

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Amazon planning to sublease warehouses amid online shopping slowdown

Amazon will sublease some of its warehouse capacity as sales have suffered significant declines from where they were in the midst of the COVID-19 pandemic.

3 years ago·United States

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