Published 2 years ago

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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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

2 years ago·United States

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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

2 years ago·United States

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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…

2 years ago·Colorado Springs, United States

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KVIA

Amazon to sublease warehouses as online shopping slows

2 years ago·Panama City, United States

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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.…

2 years 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…

2 years ago·Jacksonville, United States

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