Warehouses could deliver the goods in your portfolio

The re-ordering of the retail hierarchy continues. Boohoo, the online fast fashion business, is to acquire Debenhams, and perhaps also Burton, Dorothy Perkins and Wallis, while Asos – the other big name in sexy street style – is set to snap up Topshop.  The stores bearing these traditional High Street names will close forever, although … Read more

Amazon warehouses with robots have 50 percent more serious injuries than those without

A new report reveals that robots working in Amazon fulfillment centers are leading to more injuries among human employees – although the e-commerce giant claims the technology reduces incidents. Based on internal records from 150 warehouses, serious injuries were 50 percent higher at facilities with robots than those without, according to the Center for Investigative … Read more

Amazon announces it will create 7,000 jobs at its warehouses and other sites across the UK 

Amazon announces it will create 7,000 jobs at its warehouses and other sites across the UK Amazon will create 7,000 new jobs in the coming months at its UK sites this year Online giant has already taken on 3,000 new staff during the coronavirus crisis   Fifty sites will take on workers, including new warehouse in … Read more

Yet another fire hits Iran as blaze breaks out in Tehran warehouses

Yet another fire hits Iran as blaze breaks out in Tehran industrial park – the latest in a series of mysterious blasts including one at a nuclear facility Fire broke out inside three industrial warehouses east of Tehran on Tuesday  Blaze destroyed manufacturing supplies, including lumber and leather  It is the latest in a series … Read more

MIDAS SHARE TIPS: Warehouses can mean big profit

According to psychologists, it takes little more than nine weeks to form a new habit. And with lockdown starting on March 23, the UK has had plenty of time to develop new routines. Online shopping was already a popular pastime among British consumers. But it has surged to new levels in recent months  A decade … Read more

Workers rights group says over HALF of Amazon’s US warehouses have had a coronavirus infection

A new report on working conditions at Amazon reveals there have been COVID-19 cases at more than half of the company’s warehouses in the US and predicts the disease will spread exponentially among workers in the coming weeks. The report was prepared by the  workers rights groups Athena Coalition and Hedge Clippers, using data from … Read more