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Amazon (AMZN.US) has provided refunds for returns from several years ago, totaling several hundred million dollars.
Foreign media reports that Amazon (AMZN.US) customers have suddenly received refunds for products purchased and returned as far back as 2018. The company also issued an apology after discovering unresolved issues. The specific amount of the refunds remains unclear, but senior management hinted that the amount could be as high as several hundred million dollars. An Amazon spokesperson confirmed on Tuesday that refunds are being issued to customers but declined to disclose the amount of the refunds or the total amount.
Nike to Sell Products on Amazon Following Five-Year Absence
Express News | Amazon will provide more time for sellers affected by Nike's direct procurement to sell out their overlapping Commodity inventory.
Express News | Amazon Will Provide Extended Time for Sellers Affected by Direct Nike Sourcing to Sell Through Their Inventory of Overlapping Items - Spokesperson
Express News | A spokesperson stated that Amazon will soon begin to directly source a wider variety of Nike products to expand the selection available to customers in the United States.
Express News | Amazon Will Soon Begin Sourcing a Much Wider Range of Nike Products Directly to Expand Selection for U.S. Customers - Spokesperson