Amazon.com, Inc. (NASDAQ: AMZN) Accuses Future Retail of Fraud

Amazon.com, Inc.(NASDAQ: AMZN) accused Future Retail of fraud in an ad on The Economic Times. This news comes after Reliance Industries, Amazon’s biggest competitor in India, took over stores owned by Future Reliance. This move led to Amazon dropping its lawsuit against Future Retail for Amazon signing a deal with Reliance Industries.

Amazon places ThisWorx Car Vacuum on sale

Amazon has also placed the This Worx Car Vacuum on sale. The top-selling vacuum, which usually goes for $45, is now $20. This vacuum has three separate attachments that you could choose depending on the dirt you’re trying to clean. It also has a clear trash container to let you know when it is time for emptying. Moreover, it has many positive reviews from satisfied customers.

The OpenRun headphones are also on sale on the platform. The device, which usually goes for $129.95, will now be $109.95. The OpenRun works differently from conventional headphones. While others cover your ears, these headphones do not. They instead deliver sound via the bones behind your ear.

After the cases of COVID-19 in Shenzhen, China rose, the government placed the region on lockdown. Shenzhen, which has about 50% of China’s online retail exports, was also asked to stop its business operations. Deliveries have also stopped to prevent the virus from spreading to other places. This move could disrupt the delivery and production of goods through Amazon.

However, a spokeswoman for Amazon, Maria Boschetti, has stated that the company doesn’t expect significant disruption. The company has moved freight to other Southern China locations that are not under lockdown.

The closure of Whole Foods in Glover Park affected small businesses

The closure of Whole Foods, a subsidiary of Amazon, in Glover Park, Washington D.C, devastated the small business around it, proving that larger businesses are, in fact, the backbone of smaller ones. The store closed because of renovation plans. However, the building’s owner disapproved of the renovations and sued the company.

The Whole Goods store in the area usually provided traffic for smaller businesses. When it shut down, these businesses no longer had enough customers. Fortunately, these businesses could recover as Whole Foods is now reopening.

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).