Amazon news

31 January 2020
Amazon's net sales increased by 21% to US$87.4bn and operating income was up 2% at US$3.9bn for Q4, ending 31 st December. Growth driven by services Total sales growth is being driven by Amazon’s services, which grew by 33% to US$36.9bn. For instance, Amazon Advertising grew 41% to US$4.8bn; third-party sellers services increased 30% to US$17.4bn; Amazon Web Services increased 34% to US$9....
24 January 2020
Amazon has announced plans to develop brick-and-mortar ‘Digital Haats’ to help bring more small and medium businesses online. Located around major manufacturing hubs The Digital Haats will be located in Indian cities, particularly around major manufacturing hubs. These will offer services that will enable small and medium sized businesses to digitise. Services offered will include ecommerce...
21 January 2020
Amazon is due to roll out 10,000 electric delivery vehicles in India by 2025, in a bid to reduce the company’s carbon footprint. Over 20 cities The fully electric vehicles (EVs), which are a combination of three-wheeled rickshaws and four-wheeled vehicles, will be operating this year in over 20 cities, including Delhi NCR, Bangalore, Hyderabad, Ahmedabad, Pune, Nagpur and Coimbatore. The mo...
21 January 2020
Amazon is set to launch Marketplace in the Netherlands later this year, making products from Dutch and international sellers available to customers. Registration for third-party sellers Amazon has operated a website in the Netherlands since 2014, where it has since sold books. As well as this, customers in the Netherlands have been able to shop on Amazon’s German website using a Dutch langu...
20 January 2020
It’s been almost two years since Amazon Go opened to the public in Seattle. We visited a recently opened store in New York to see how the format is evolving. Over the last two years, the network has grown to 24 stores across four cities, Seattle, San Francisco, Chicago and New York. The retailer has opened in a mix of locations, with a range of different footprints, typically 1,000 to 1,500 sq...
07 January 2020
Amazon is partnering with Indian Retail Group, Future Retail, to expand the reach of Future Retail’s stores through Amazon’s marketplace. The deal will see Amazon become the official online sales channel for Future Retail. Authorised online sales channel Amazon India will become the authorised sales channel for Future Retail stores, enabling the latter to reach a wider customer base. Future...
03 January 2020
The competition and markets authority (CMA) is launching an in-depth investigation into Amazon’s purchase of a stake in food courier service Deliveroo. $575m funding round In May 2019, Amazon became the biggest investor in a $575m investment round in Deliveroo, with the exact amount Amazon spent unknown. Deliveroo said the new investment would contribute to expanding its London based engine...
02 January 2020
Amazon has announced it saw record-breaking sales this holiday season, with customers purchasing billions of products globally. The importance of Prime As well as record sales, more Amazon customers tried Prime this holiday season than in any previous year. More than 5 million new customers started Prime free trials or began paid memberships worldwide in one week alone. Across the holiday p...
02 January 2020
Amazon is set to increase the fees it charges merchants in the US from February 2020. Logistical investment In February this year, Amazon has announced it will raise the fees it charges its sellers. The online retailer said that in 2019, it invested more than $15bn in infrastructure, people, and programmes, including its Fulfilment by Amazon (FBA) service. 150 new tools and services were al...
18 December 2019
Based on the number of items purchased worldwide, Cyber Monday 2019 became the single biggest shopping day in Amazon’s history. Black Friday also became the best-ever Black Friday for Amazon. Record breaking sales Amazon customers purchased hundreds of millions of items in the period between Black Friday and Cyber Monday, achieving record breaking sales for the retailer. This year, the Blac...