Amazon news

05 March 2021
Amazon has launched a full online store in the market, offering customers access to more than 100 million products. Products across 30 categories Amazon has operated in Poland since 2014, with nine logistics centres across the country. However, customers have previously had to order products via the retailer’s international websites, such as Germany, raising costs. On Amazon.pl, customer...
05 March 2021
Walmart-owned Flipkart will expand its online grocery operations to more cities in India, start voice search in English and Hindi, and make changes in its board of directors.  The online grocery market has grown rapidly during the COVID-19 pandemic, and this expansion allows it to compete with the likes of Alibaba-backed BigBasket, Grofers, Amazon and Reliance Industries’ JioMart. Flipkart’s o...
04 March 2021
Amazon has launched a grocery store format in the UK operating under the Amazon Fresh banner. The 2,500 sq ft store is located in Ealing, London. Amazon Fresh is the first convenience grocery store to offer Amazon’s Just Walk Out Technology, used in its US ‘Go’ format, outside of the US. Amazon plans to rollout the concept by opening additional stores in the Greater London area. Amazon ha...
03 March 2021
As part of their commitment to sustainability and zero carbon emissions, Walmart-owned Flipkart and Amazon have recently started to shift to electric vehicles for customer deliveries in India. Source: Amazon Stories India Flipkart targets transition to 100% electric vehicles in the next ten years Flipkart plans to have more than 25,000 electric vehicles by 2030.  It will be partnering with ...
19 February 2021
Amazon has launched its Fresh grocery delivery service in Spain, offering same-day delivery to Prime members. Available in Madrid Amazon has initially launched the service in Madrid with plans to roll it out to Barcelona in the coming months, and eventually other cities in Spain. Amazon Fresh is already available for customers in the US, Japan, the UK, Germany, India, and the most recent la...
16 February 2021
After Indian online grocers BigBasket and Grofers have reported growth in revenue last week, Spencer’s and Future Retail have recently announced a decline in their income for October to December 2020. Future Retail: revenue has been badly affected by the pandemic Future Retail has reported 71% less revenue during the quarter of October to December 2020.  Its income has dropped from INR51,93...
10 February 2021
Amazon is set to launch its first fulfilment centre in Ireland, as reported by The Irish Times (via Bloomberg).   650,000 sq ft unit According to the report, Amazon is close to signing a deal to launch a 650,000 sq ft fulfilment centre in Baldonnell, west of Dublin. At the unit, Amazon staff will pick and package orders for customers. The retailer already operates delivery warehouse in Rath...
06 February 2021
BigBasket has reported a 36% increase in its revenue to INR38,180m (US$525m) in FY20 (ending March 2020).  However, with overall expenses increasing 31% to INR44,114m (US$605m) the retailer reported losses of 26%, equating to INR7,099m (US$97m).   Intense B2B competition with the entry of big players Supermarket Grocery Supplies (SGS) operates e-grocery platform BigBasket, which supplies Ki...
03 February 2021
Amazon is rolling out its biometric device, Amazon One, to more of its physical stores. Amazon One allows shoppers to enter the store and pay using their palm. Palm entry and payment Amazon One was launched in September 2020 as a convenient way for shoppers to use their palm to make everyday activities quicker and easier. Amazon One enables shoppers to complete steps like entering a locatio...
03 February 2021
Jeff Bezos to Stand down as CEO Amazon has announced that in the third quarter of 2021, Jeff Bezos will stand down as CEO and become Executive Chair. He’ll be replaced by Andy Jassy, currently CEO Amazon Web Services, its cloud computing division. Bezos was declared the world’s richest person in 2020 (Source: Bloomberg Billionaires Index), and will remain engaged in the Amazon business. Howeve...