Amazon Closes, Abandons Plans for Dozens of US Warehouses (opens in new tab)

(bloomberg.com)

25 pointsvic-traill3y ago8 comments

8 comments

7 comments · 3 top-level

egberts13y ago· 4 in thread

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...

hirundo3y ago

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.

bsder3y ago

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.

1 more reply

shaburn3y ago

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...

legitster3y ago

Is the insinuation here that Amazon is forgoing business in a dozen different locations... as a form of retaliation against completely unrelated workers? Or that unionizing affects their bottom line profitability enough to start cancelling operations?

nopay3y ago

https://archive.ph/xrJQh

legitster3y ago

> “There remains some serious cutting to do before year-end -- in North America and the rest of the world,” said Marc Wulfraat, MWPVL’s founder and president. “Having said this, they continue to go live with new facilities this year at an astonishing pace.”

> Maria Boschetti, an Amazon spokesperson, said it’s common for the company to explore multiple locations at once and make adjustments “based upon needs across the network.”

This doesn't seem particularly notable then - they are continuing to grow their operation.

j / k navigate · click thread line to collapse

8 comments

7 comments · 3 top-level

egberts13y ago· 4 in thread

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...

hirundo3y ago

bsder3y ago

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.

1 more reply

shaburn3y ago

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...

legitster3y ago

nopay3y ago

https://archive.ph/xrJQh

legitster3y ago

> Maria Boschetti, an Amazon spokesperson, said it’s common for the company to explore multiple locations at once and make adjustments “based upon needs across the network.”

This doesn't seem particularly notable then - they are continuing to grow their operation.

j / k navigate · click thread line to collapse