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Amazon aims to sublet, end warehouse leases as online sales cool
Amazon.com Inc, stuck with too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 million square feet of space and could vacate even more by ending leases with landlords, according to people familiar with the situation.
Demand for blooms has peaked this month
JOHOR BARU: Flower sales have been booming over the past few weeks with major celebrations falling in the month of May.
Data of Malaysians born between 1940 and 2004 allegedly being sold for over RM40,000
A suspected data leak involving 22.5 million Malaysians born between 1940 and 2004 has put the country’s data security policies under the spotlight.
Made to work only to be deceived
PETALING JAYA: A different type of job scam is being pulled off on social media, with victims being asked to perform tasks that range from following the pages of celebrities to buying products from online stores to increase pageviews and ratings.
Light City’s anchor tenants to be finalised this year
George Town: IJM Perennial Development Sdn Bhd (IJMPD) wants a leading Hong Kong-based grocery store and a local cineplex chain to operate as anchor tenants in The Light City – a RM4.5bil mixed development project located next to the Penang Bridge.
Some parents buy toy helmets for their kids to wear
KUALA LUMPUR: More than 20,000 units sold. That is the estimated number of children’s helmets sold on a popular e-commerce platform.
Digital commerce continues to drive retail growth in 2Q22
KUALA LUMPUR: Digital commerce will be a resilient driver of retail growth in second quarter of 2022 as sellers in Southeast Asia continue to adopt a confident outlook on business growth, according to Lazada's Q1 2022 Digital Commerce Confidence Index (DCCI).
Demand for suitcases picks up as people travel again
Suitcase makers leave the crisis behind them.
China's internet sector sees steady revenue growth in Q1
BEIJING, May 8 (Xinhua) -- China's internet companies reported steady growth in business revenue in the first quarter of this year, data from the Ministry of Industry and Information Technology showed.
Amazon's net loss prompts query: Has it built too many warehouses?
(Reuters) - In recent years, Amazon.com Inc has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand.
