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

Thousands of ventilators bought at height of Covid crisis are sitting in warehouses

Thousands of ventilators bought to treat Covid-19 patients are sitting in warehouses due to a lack of demand, the spending watchdog has revealed. Ministers prioritised ‘speed over cost’, meaning they paid 50 per cent over the odds for foreign-supplied machines, the National Audit Office (NAO) found. In one case, 750 ventilators purchased at a cost of … 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

Highest risk workplaces for coronavirus in Victoria revealed: aged care, warehouses & abattoirs

How safe is YOUR job? Workplaces worst hit by coronavirus are revealed – and it’s bad news if you work in a warehouse The industries hit hardest by COVID-19 have revealed Victoria’s deadliest jobs  A  breakdown of cases by workplace shows the highest risk jobs for coronavirus  These include abattoirs, warehouses, food distribution centres and … 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