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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.
1 month ago

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abc News

Amazon to sublease warehouses as online shopping slows

Amazon is planning to sublease some of its warehouse space because the pandemic-fueled surge in online shopping has slowed

1 month ago·United States
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Associated Press News

Amazon to sublease warehouses as online shopping slows

Amazon is planning to sublease some of its warehouse space because the pandemic-fueled surge in online shopping has slowed. That surge helped the e-commerce giant rake in soaring profits in

1 month ago·United States
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KVIA

Amazon to sublease warehouses as online shopping slows

Associated PressAmazon is planning to sublease some of its warehouse space because the pandemic-fueled surge in online shopping has slowed. That surge helped the e-commerce giant rake in soaring profits in the past two years. But as the worst of the pandemic eased, Amazon found itself with too much warehouse space and too many workers A spokesperson for Seattle-based Amazon declined to disclose how much space the company plans to sublease. But c…

1 month ago
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KRDO

Amazon to sublease warehouses as online shopping slows

Associated PressAmazon is planning to sublease some of its warehouse space because the pandemic-fueled surge in online shopping has slowed. That surge helped the e-commerce giant rake in soaring profits in the past two years. But as the worst of the pandemic eased, Amazon found itself with too much warehouse space and too many workers A spokesperson for Seattle-based Amazon declined to disclose how much space the company plans to sublease. But c…

1 month ago
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MY Northwest

As pandemic-fueled surge in online shopping slows, Amazon subleases warehouse space

Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased.Subleasing allows the company to “relieve the financial obligations associated with an existing building that no longer meets” its needs, Amazon spokesperson Alisa Carroll said.Carroll didn’t disclose how much space the company plans to sublet.…

1 month ago·Tacoma, United States
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News 4 JAX

Amazon to sublease warehouses as online shopping slows

Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased.Subleasing allows the company to “relieve the financial obligations associated with an existing building that no longer meets” its needs, Amazon spokesperson Alisa Carroll said. Carroll didn’t disclose how much space the company plans to sublet…

1 month ago·Jacksonville, United States
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Bias Distribution

72% of the sources are Center
abc News
Associated Press News
KVIA
KRDO
News 4 JAX
Portland Press Herald
WPRI 12
+8
MY Northwest
Komo News
Fox Business
WSBT
 
C 66%
R 27%
Untracked bias
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