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Amazon executive Dave Clark (right) meeting with then-Secretary of Homeland Security John Kelly in 2017.
News

Amazon Exec Who Led Warehouse Expansion To Join Startup Flexport As Co-CEO

... Flexport employees, Peterson hailed Clark's role in building Amazon's "legendary fulfillment, logistics, and transportation network."  Noting ... estate. It owned another 16.6M SF. But Amazon executives recently admitted the company has excess fulfillment and ...

Jun 13, 2022
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Amazon Asks Some Employees To Go Remote As Rumors Swirl Call Centers Are Next On The CRE Chopping Block
News

Amazon Asks Some Employees To Go Remote As Rumors Swirl Call Centers Are Next On The CRE Chopping Block

... team the increased flexibility that comes with working virtually,” Amazon spokesman Brad Glasser said in an email to Yahoo ... customers.” As part of an overall real estate pullback, Amazon has closed several operating facilities and canceled or postponed ...

Sep 29, 2022
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An Amazon Fresh grocery store.
News

Amazon Fresh Sees Foot Traffic Increase As E-Commerce Giant Plans More Grocery Store Openings

... mixed fundamentals provides the backdrop for e-commerce behemoth Amazon's continued foray into physical grocery sales. On ... Progressive Grocer reports. The retail giant already has 23 Amazon Fresh locations nationwide, with roughly as many under construction ...

Feb 21, 2022
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Amazon To Mandate 3 Days A Week Of Office Work
News

Amazon To Mandate 3 Days A Week Of Office Work

... improve teamwork, internal communications, help outside businesses around where Amazon's offices are located thrive, and encourage further invention ... and innovation. The memo came weeks after Amazon announced it would be laying off some 18,000 ...

Feb 17, 2023
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warehouse
News

Amazon CFO: We Have Too Much Space, Too Many People

... beyond,” Brian Yarbrough, an analyst at Edward Jones, told Bloomberg. “Amazon needs to prove to investors that as they slow down ... capacity to demand, though the oversupply will continue to cost Amazon money. "We do expect the effects ... to persist for the ...

Apr 29, 2022
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An Amazon fulfillment center.
News

Amazon Ramping Up Industrial Acquisitions In Pivot Away From Leasing, Sources Say

... describing frequent conversations among brokers and developers about what Amazon has planned for its distribution footprint. A change ... amount of buildings themselves,” a source who has developed Amazon warehouses told Bisnow. “They are building and financing ...

Oct 20, 2021
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Bellevue's skyline in 2019
News

Amazon Halts Construction On 6 Office Towers, Blaming Hybrid Work

... a statement provided to GeekWire and the Nashville Business Journal. Amazon completed its first Nashville tower, a 20-story, 566K ... building that had an initial opening scheduled for 2024. Amazon has not yet provided timelines for pausing or restarting work ...

Jul 15, 2022
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Amazon Launches $1B Fund To Invest In Warehouse Innovation, Automation
News

Amazon Launches $1B Fund To Invest In Warehouse Innovation, Automation

... chain, with an apparent focus on robotics. Amazon has launched the Amazon Industrial Innovation Fund, the internet giant announced ... Alex Ceballos Encarnacion said in the release. While Amazon has revolutionized the logistics industry since its founding, ...

Apr 21, 2022
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Amazon Ups Number Of Postponed, Canceled Warehouses To 49
News

Amazon Ups Number Of Postponed, Canceled Warehouses To 49

... decision comes on the heels of a July announcement that Amazon would postpone or delay 16 warehouses. Those facilities were ... President Marc Wulfraat told Bisnow in a previous interview.  Amazon was already in the midst of expanding its warehouse footprint ...

Aug 25, 2022
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Amazon Adds To Acquisition Spree, Paying $165M For Bank Of America Call Center In Orange County
News

Amazon Adds To Acquisition Spree, Paying $165M For Bank Of America Call Center In Orange County

... County Business Journal, which first reported the transaction, that Amazon is looking into building a distribution center on the 30 ... major redevelopment site in Orange County. In October 2020, Amazon bought the Orange County Register printing plant in Santa ...

Nov 08, 2021
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