WSJ: Walmart to offer logistics outside its own marketplace sales
THE WALL STREET JOURNAL reports: (The retailer’s new services for third-party sellers take a page from ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
THE WALL STREET JOURNAL reports:
The U.S. warehousing market is retrenching heading into 2023, a turnaround from the pandemic-driven boom in industrial real-estate demand as companies slow down decisions on new storage and distribution space amid fears of a recession.
Companies leased 132 million square feet of industrial space across the U.S. in the fourth quarter, down 28.2% from the third quarter, according to a new report from commercial real-estate services firm Cushman & Wakefield. That was the second straight quarter-to-quarter drop in leasing.
After “the extreme acceleration we saw the past couple years, there’s just a natural kind of cooling right now,” said Carolyn Salzer, Americas head of logistics and industrial research for Cushman & Wakefield.
Amazon.com Inc. doubled the size of its fulfillment network in 24 months as its business surged. But the e-commerce giant last year started paring back growth in its warehousing operations and began to sublease some of its space as e-commerce growth slowed. Amazon on Wednesday said it is planning to lay off more than 18,000 employees, mostly in its corporate ranks, as it seeks to cut costs as online sales growth has retreated…
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