Latest news with #AmazonMarketplace
Arabian Post
4 days ago
- Business
- Arabian Post
Amazon Faces German Scrutiny Over Marketplace Pricing Practices
Arabian Post Staff -Dubai Germany's antitrust authority, the Bundeskartellamt, has issued a formal warning to Amazon regarding its pricing policies on the Amazon Marketplace. The watchdog contends that Amazon's mechanisms for controlling third-party sellers' prices may infringe upon both national and European Union competition laws. The Bundeskartellamt's concerns centre on Amazon's use of algorithms and policies that potentially penalise third-party sellers for setting prices deemed too high. Such penalties could include demotion in search rankings or outright removal of products from the platform. The authority argues that these practices may constitute an abuse of market dominance, restricting fair competition and consumer choice. ADVERTISEMENT This development follows the Bundeskartellamt's designation of Amazon as an entity of 'paramount significance for competition across markets' under Section 19a of the German Competition Act. This classification subjects Amazon to heightened regulatory scrutiny and obligations to ensure competitive fairness. In response to the ongoing investigation, the Bundeskartellamt conducted a survey in September 2024 involving 2,000 third-party retailers. The survey aimed to assess the impact of Amazon's pricing policies on sellers' behaviour and market dynamics. Preliminary findings suggest that Amazon's practices may deter sellers from offering competitive prices, thereby limiting market diversity. Amazon has previously defended its pricing policies, asserting that they are designed to prevent price gouging and protect consumers. However, the Bundeskartellamt maintains that such justifications do not exempt the company from adhering to competition laws. The European Commission is also monitoring Amazon's practices, particularly in light of the Digital Markets Act , which seeks to regulate large online platforms and prevent anti-competitive behaviour. Under the DMA, companies designated as 'gatekeepers' are prohibited from favouring their own services or imposing unfair conditions on business users. The outcome of the Bundeskartellamt's investigation could have significant implications for Amazon's operations in Germany and potentially across the European Union. If found in violation of competition laws, Amazon may face substantial fines and be required to alter its business practices to promote fair competition.
Associated Press
28-05-2025
- Business
- Associated Press
Jeffs' Brands Announces Pricing of approx. $581 Thousand Registered Direct Offering
Tel Aviv, Israel, May 28, 2025 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd ('Jeffs' Brands' or the 'Company') (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it has entered into a securities purchase agreement with an institutional investor or the Investor, for aggregate gross cash proceeds of approximately $581 thousand, before deducting offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, as well as for potential acquisitions. In connection with the offering, the Company will issue an aggregate of 662,500 ordinary shares and pre-funded warrants to purchase up to 1,276,007 ordinary shares at an exercise price of $0.0001. The pre-funded warrants will be sold at the same purchase price as the ordinary shares, less the pre-funded warrant exercise price of $0.0001. The pre-funded warrants will be exercisable upon issuance and will expire when exercised in full. The closing of the offering is expected to occur on or about May 28, 2025, subject to the satisfaction of certain customary closing conditions. The securities to be issued to the Investor described above will be issued pursuant to a registration statement on Form F-3 (File No. 333-283904) which was declared effective by the U.S. Securities and Exchange Commission (the 'SEC') on January 3, 2025. This offering will be made only by means of a prospectus. A copy of the prospectus supplement and the accompanying prospectus relating to this offering will be filed with the SEC and may be obtained for free by visiting EDGAR on the SEC's website at This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Vik Hakmon, the Company's chief executive officer and a director, may be deemed to have a personal interest in the offering by virtue of being a family member of the controlling shareholder of L.I.A. Pure Capital Ltd., the Investor, and as such the Offering was approved by the Company's audit committee and board of directors in accordance with the Israeli Companies Law-1999. About Jeffs' Brands Ltd Jeffs' Brands is transforming the world of e-commerce by creating and acquiring products and turning them into market leaders, tapping into vast, unrealized growth potential. Through our stellar team's insight into the FBA Amazon business model, we're using both human capability and advanced technology to take products to the next level. For more information on Jeffs' Brands Ltd visit Cautionary Note Regarding Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the 'safe harbor' created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as 'believe,' 'expect,' 'may,' 'should,' 'could,' 'seek,' 'intend,' 'plan,' 'goal,' 'estimate,' 'anticipate' or other comparable terms. For example, we are using forward-looking statements when discussing the closing of the offering and the anticipated use of proceeds from the offering. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to adapt to significant future alterations in Amazon's policies; our ability to sell our existing products and grow our brands and product offerings, including by acquiring new brands; our ability to meet our expectations regarding the revenue growth and the demand for e-commerce; the overall global economic environment; the impact of competition and new e-commerce technologies; general market, political and economic conditions in the countries in which we operate; projected capital expenditures and liquidity; the impact of possible changes in Amazon's policies and terms of use; and the other risks and uncertainties described in the Company's Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 31, 2025 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Jeffs' Brands is not responsible for the contents of third-party websites. Investor Relations Contact: Michal Efraty Adi and Michal PR- IR Investor Relations, Israel +972-(0)52-3044404 [email protected]
Washington Post
22-05-2025
- Business
- Washington Post
Nike to start selling its products directly on Amazon's US website again
Nike is going to start selling its products directly on Amazon's U.S. website for the first time since 2019 as the company looks for more ways to bring goods to customers and boost sales. Nike, which sells footwear, clothing and other items, cut ties with Amazon at a time when the online retailer was trying to lure big brands to its website. While Nike stopped selling its sneakers and athletic gear directly to Amazon in 2019, Nike's goods were still available on sold by independent sellers that list their merchandise directly on Amazon's marketplace.
Business Insider
26-04-2025
- Business
- Business Insider
Workplace Depot's Exceptional Leadership and Innovation Earns 2025 Global Recognition Award
The Workplace Depot has been awarded a 2025 Global Recognition Award for its leadership and innovation in industrial solutions. The company's digital transformation, commitment to employee well-being and sustainable practices have driven significant growth and industry recognition. New York, NY, United States, April 26, 2025 -- The Workplace Depot, a pioneering force in industrial and workplace solutions with over two decades of experience, has been honored with a 2025 Global Recognition Award for exceptional leadership and innovation. This prestigious accolade highlights their transformation from traditional retail to a thriving digital commerce model, revolutionizing how businesses access workplace equipment and safety solutions. Under Steve Miller's visionary leadership, The Workplace Depot has integrated technology while maintaining customer-centric values, setting new industry benchmarks. Their strategic digital transformation emphasizes efficiency and satisfaction, blending digital excellence with personalized service and deep product expertise. Revenue has surged from £8.5 million in 2022 to a projected £21 million in 2025, underscoring the success of this innovative approach. The Miller family has modernized their retail strategy while upholding ethical values that have earned it a reputation for reliability and integrity. Their dedication to excellence has brought numerous accolades, including the 'Great Place to Work' certification for employee culture and the 'Amazon Marketplace Seller of the Year' award in 2024, reflecting their mastery of online retail and exceptional service across all platforms. Digital Transformation and Market Leadership The Workplace Depot's catalog features over 20,000 items sourced from 120+ global manufacturers. With expertise in handling equipment, safety solutions, and industrial storage, they precisely serve diverse sectors. Their partnerships with Amazon Marketplace and investments in advanced e-commerce and analytics allow them to anticipate trends and meet customer needs. 'Our digital transition was about reimagining service while staying true to our principles of quality, reliability, and value,' said Steve Miller, reflecting their commitment to innovation and trust. Their revamped website includes intuitive navigation, detailed product info, and responsive design. Coupled with targeted PPC campaigns, personalized email marketing, and strategic Digital PR, this has expanded market reach into new customer segments and regions. Key digital enhancements include a user experience informed by customer feedback, streamlined checkout to reduce cart abandonment, and inventory systems that ensure consistent availability, even during supply chain disruptions. These efforts, rooted in transparency and sustainability, have attracted partnerships with the BBC, Boots, Buckingham Palace, and the IOC for Paris 2024, further cementing their status as a trusted supplier. Maintaining ISO 9001:2015 and Google Certified Shop status, The Workplace Depot showcases a dedication to quality and continuous improvement. Their collaborations with manufacturers in China and Turkey, including regular on-site assessments and co-development initiatives, maintain high standards while ensuring competitive pricing. Their UK manufacturing facility enables custom solutions, particularly for mobile safety steps and access platforms, highlighting their customer-focused flexibility in solving unique workplace challenges with bespoke innovations. Employee Development and Community Impact Employee development and support systems underpin the company's growth. As a Living Wage Foundation member, The Workplace Depot emphasizes fair compensation and offers robust benefits such as healthcare, retirement support, wellbeing resources, and flexible work options, fostering balance and motivation across all roles. 'Our people are our greatest asset,' said Miller. 'By investing in them and creating a nurturing environment, we've built engaged teams that exceed expectations and drive growth.' Training programs span technical product knowledge, customer service, leadership development, and career advancement. Regular workshops by industry experts foster internal talent development. This strategy has improved retention, with 65 percent of management roles filled by employees who started in entry-level positions. Their apprenticeship program blends hands-on experience with structured learning and mentorship, giving young professionals valuable skills. Many have progressed to leadership roles, bringing fresh ideas and sustaining a culture of innovation. Community engagement is central to The Workplace Depot's mission. They support nursing scholarships for underserved communities, offer structured student placements, and partner with The Prince's Trust to empower disadvantaged youth. Locally, their procurement prioritizes nearby suppliers, supports families through stable jobs, and bolsters regional supply chains—amplifying their economic impact. Their Green Apple Award recognizes comprehensive ethical and environmental practices, from energy-efficient operations and waste reduction to sustainable packaging and community education on responsible business. A Model for Sustainable Growth The Workplace Depot demonstrates how family values, centered on integrity, quality, and community, can thrive alongside modern business and tech innovation. Its balanced growth, employee programs, and sustainability initiatives offer insights for businesses pursuing digital transformation while maintaining core values. 'We see success and community support as mutually reinforcing,' Miller noted. 'Our approach not only meets business goals but also creates pathways for talent, ensures sustainable practices, and builds strong partnerships that benefit all stakeholders.' Through strategic planning, transparent ethical management, and an unwavering focus on quality, The Workplace Depot has created a scalable model that adapts to changing markets and customer demands while staying true to its identity. Their resilient business structure aligns with evolving technologies and customer preferences, underpinned by their commitment to excellence. By blending innovation with social responsibility, they embody the values the Global Recognition Awards aim to highlight. 'The Workplace Depot's achievement in aligning growth with ethics is the leadership we strive to celebrate,' said Alex Sterling of the Global Recognition Awards. 'Their modernization proves commercial success and social responsibility can—and should—go hand in hand when guided by clear values and authentic purpose.' They've set a high industry standard through customer-focused analysis, wise tech investment that enhances human expertise, and relationship-building with stakeholders. This creates a sustainable ecosystem of shared success and mutual benefit. About Global Recognition Awards Global Recognition Awards is an international organization that recognizes exceptional companies and individuals who have significantly contributed to their industry. 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