Amazon news

01 May 2020
Amazon's net sales increased by 26% year-on-year (YoY) to $75.5bn, but operating income decreased (9.8) % to $4.0bn for the first quarter (ended March 31). Strong performance from Whole Foods Market Sales from Whole Foods physical stores were $4.6bn, up 8% (YoY), excluding online sales which surged in March, as shoppers stocked up on products. To put the performance in context, 1% has been ...
24 April 2020
Facebook has invested US$5.7bn for a 9.99% stake in India’s Reliance Jio Platforms, while Amazon has launched ‘Local Shops on Amazon’. Connecting JioMart and WhatsApp Facebook’s investment may connect WhatsApp with JioMart , potentially allowing users to find local stores around them on WhatsApp, connect with store operators and place orders from within the instant messaging service. Lo...
21 April 2020
Amazon is set to launch an ‘Ultra Fast Fresh’ delivery service, according to reports from The Grocer. Merging Amazon Fresh and Prime Now Amazon is reportedly retrofitting nine of its existing depots in order to handle fresh produce and fulfil grocery orders within hours. The service is said to be a merging of Amazon Fresh and Prime Now. According to the report, it could involve making Amazo...
20 April 2020
The UK’s Competition and Markets Authority (CMA) announced Amazon will provisionally be allowed to invest in food courier service Deliveroo, considering the impact of the Coronavirus (COVID-19) pandemic. US$575m funding round In May 2019, Amazon became the biggest investor in a US$575m investment round in Deliveroo, with the exact amount Amazon spent unknown. Deliveroo said the new investme...
20 April 2020
We look at the actions some of the major retailers in the US have undertaken in response to the Coronavirus COVID-19 pandemic in four key areas; stores, supply chain, associate care and community support. Common actions Reducing operating hours to enable restocking and store cleaning, along with introduction of dedicated shopping periods for vulnerable shoppers Introduction of measures to...
16 April 2020
Whole Foods Market has closed one of its key New York stores to enable it to fulfil Prime grocery deliveries. Developed to meet needs of city workers and tourists The Bryant Park store , located in central Manhattan, is one of the retailer’s busiest in the city, alongside neighbouring stores at Columbus Circle and Union Square. Opening in late 2016, the store was one of the first to in...
16 April 2020
Amazon is set to temporarily suspend all non-essential deliveries in the country, as reported by Reuters. Closure of six warehouses The retailer will close its six warehouses in France until at least 20 April, following a court order to limit deliveries to essential products, including food and medical supplies. According to the report, Amazon will use a state partial-unemployment scheme...
15 April 2020
The US Department of Agriculture (USDA) is expanding its SNAP (Supplemental Nutrition Assistance Programme) online pilot to two more states: Florida and Idaho. Amazon and Walmart participating in all pilot states The pilot programme enables recipients of SNAP benefits, often referred to as food stamps, to purchase items through designated online retailers. The pilot is live in Alabama, Iowa...
14 April 2020
We look at some of the latest developments from Amazon in the US as it looks to address the challenges created by coronavirus. Waiting list for new customers Amazon has created a waiting list for new Amazon Fresh and Whole Foods Market delivery and pickup customers. The retailer is temporarily asking customers to sign up for an invitation to use its online grocery delivery and pickup soluti...
09 April 2020
Amazon is due to suspend its third-party delivery service in the US, starting from 5 June, for an unspecified period. In direct competition with FedEX and UPS The delivery service, called Amazon Shipping, was available in a small number of US cities, including New York, Chicago and Los Angeles, and consisted in drivers picking parcels up from third-party businesses and delivering them to co...