Business

Amazon workers prepare to strike as Black Friday kicks off

Published

10 months ago

November 26, 2021

Amazon workers in 20 countries are planning protests and work stoppages on Black Friday

The protests, set to take place in nations around the world including the US, UK, and several in the EU is set to have a knock-on impact on processing times for Black Friday orders. The shopping-centric day is among Amazon’s busiest all year.

The Make Amazon Pay group says: “Amazon takes too much and gives back too little.”

It is backed by a coalition of labour groups, trade unions, grassroots campaigns and non-profit-making organisations in individual countries.

Many employees will be working on the day however campaign groups including Amazon workers themselves will be staging protests at Amazon buildings in Coalville, Leicestershire, Coventry, Peterborough and at its London headquarters.

Strikes are being encouraged in other locations, too

In Germany the ‘Verdi’ union called on employees who work at major shopping centres to also strike.

Worldwide, almost 50 organisations have signed up to a lost of ‘common demands’ – published bu the Make Amazon Pay coalition.

Among those demands include raising warehouse workers’ pay and adding hazard pay and peak time increments, halting worker “surveillance” and strict productivity targets, extending sick leave and improving COVID tracing and reporting and paying taxes without using loopholes or tax havens.

Amazon has reported a tripling of profits earlier this year, thanks to its success during peak periods over the pandemic.

Cyber warnings for shoppers

Black Friday is one of the busiest days for retailers right around the world, as consumers snatch many bargains.

Economists expect this year’s shopping sales to set another spending record.

In fact, the National Australia Bank predicts one million dollars a minute will be spent across Black Friday and Cyber Monday.

However, there is now a fresh warning over the rapid rise in scammers ahead of this busy shopping season.

“Cyber attackers track real-world events… Black Friday and Cyber Monday are perfect for cyber attackers.”
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Anthony Lucas

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network.

Business

World’s second-biggest fashion retailer blames Russia for 89% profit drop

Published

8 hours ago

September 29, 2022

ticker NEWS

The Swedish fashion giant H&M says profits have dropped 89 per cent

They blame cost inflation, slow consumer spending and one-off expenses related to its exit from Russia.

Pretax profit in the period, the Swedish group’s fiscal third quarter, fell to 689 million crowns ($60.9 million) from a year-earlier 6.09 billion.

The Russian exit accounted for half of the decrease in profits, according to the retailer.

H&M announced a cost cutting programme that it predicted would result in annual savings of around 2 billion crowns, with savings expected to become visible in the second half of 2023.

Business

How Disney beat Netflix at its own game

Published

9 hours ago

September 29, 2022

Ahron Young

When it comes to streaming, there’s a new sheriff in town.

Disney+ has quickly become a major force in the streaming wars, adding over 14 million new subscribers in its latest quarter. That’s a big jump from the 3 million it had just three months prior.

In comparison, Netflix lost nearly 1 million subscribers in the same period.

So what happened? How did Disney+ overtake Netflix so quickly?

There are a few factors at play.

For one, Disney+ has a lot of content that people want to watch. As well as its acquisition of 21st Century Fox, the service has access to popular franchises like Star Wars, Marvel, and The Simpsons. That’s a big draw for people who are looking for something to watch.

In addition, Disney+ is much cheaper than Netflix. A subscription to Disney+ costs $6.99 per month, while a Netflix subscription starts at $8.99 per month. For people who are trying to save money, Disney+ is the more appealing option. Though Disney and Netflix have signalled they’re going to push up their prices.

Disney+ has been aggressive in marketing itself as the superior streaming service. The company has run a number of ads that compare its service favorably to Netflix. This has helped convince people to switch to Disney+.

The Disney effect

The Walt Disney Company launched Disney+ on November 12, 2019. The streaming service is available in the United States, Canada, the Netherlands, Australia, New Zealand, and Puerto Rico.

As of the second quarter of 2020, Netflix had nearly 221 million subscribers across 190 countries.

Factbox

What is the market share of Netflix? In the United States, Netflix has a market share of 37%. That means it is the most popular streaming service in the country.

When was Netflix founded? Netflix was founded on August 29, 1997, in Scotts Valley, California.

What type of company is Netflix? Netflix is a publicly-traded company. Its stock is traded on the Nasdaq under the ticker symbol NFLX.

What is the headquarters of Netflix? The headquarters of Netflix is located in Los Gatos, California.

Disney+ facts

Disney is spending $1 billion per year on its streaming service.

What is the market share of Disney+? In the United States, Disney+ has a market share of 24%.

When was Disney+ launched? Disney+ was launched on November 12, 2019.

What type of company is Disney? Disney is a publicly-traded company. Its stock is traded on the New York Stock Exchange under the ticker symbol DIS.

How much does Disney stock cost? As of August 2020, the price of one share of Disney stock is $115.76.

What is the headquarters of Disney? The headquarters of Disney is located in Burbank, California.