Retailers/Amazon/News

Amazon news

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...
01 February 2021
Amazon has launched its Fresh grocery delivery service in Italy, initially available in Milan. The retailer also announced it is planning to launch an online store in Poland. Amazon Fresh launches in Milan Customers in Milan now have access to more than 10,000 products from categories including meat, fish, fruit and vegetables, pasta, organic, eggs, home care, and local artisanal products. ...
28 January 2021
Amazon has rolled out its Prime membership service in Saudi Arabia, as it looks to further develop its offer in the market. Increasing loyalty Amazon launched Amazon.sa in Saudi Arabia in June 2020 as a rebranding of Souq.com, an ecommerce platform which Amazon acquired in 2017 in the Middle East. Amazon announced that it would build an operations network across the country, further to the ...
23 January 2021
Reliance Retail plans to integrate its own e-commerce app JioMart into WhatsApp, within the next six months.  This would enable 400m users of India’s most popular messaging app to order food and grocery products, without having to switch to another platform. Integration challenges Flipkart and Amazon in India’s online retail market Customers can place their orders on JioMart by adding its W...
21 January 2021
To cope with fewer employees in its stores, Aeon Japan will introduce self-checkouts this year and it has also started using UV-based sanitisers for its shopping baskets. Cost to implement self-checkouts is less than 10% of Amazon’s system Aeon will increase self-checkout registers that can read prices of items that customers purchase, through their smartphone app.  This new system will sta...
12 January 2021
Amazon has discontinued its Pantry delivery service in the US and India, as it looks to offer a clearer, simpler grocery proposition to customers. Launched in 2014 Amazon Prime Pantry launched in the US in 2014, enabling Prime members to order products including non-perishable food, alcohol, personal care and household items for delivery. The aim of the service was to allow shoppers to stoc...
08 January 2021
The Delhi high court recently upheld the proposed merger of Future Retail Limited (FRL) with Reliance Retail Ventures Limited (RNRL), following a challenge by Amazon.  It has also allowed Amazon to continue opposing the merger in appropriate legal forums. Delhi high court clears Future-Reliance deal According to the Delhi high court, the transaction between Future and Reliance did not viola...
04 January 2021
Having announced the partnership last March, Hospitality group, OTG, has opened its first CIBO Express Gourmet Market convenience stores featuring Amazon’s ‘Just Walk Out’ technology. Two stores launched at Newark airport The CIBO Express stores at Newark Airport, New York, are the first two stores to be developed as part of the partnership between OTG and Amazon . Located at Terminal ...
04 January 2021
We round up the latest developments from Japan, focusing on 7-Eleven and FamilyMart. 7&i focusing on driving omnichannel sales 7-Eleven Japan’s operating model focuses on market concentration, being close and convenient to its customers. The retailer has been, however, in recent years, shifting its strategy, slowing down expansion and strengthening its delivery and pick-up services. This no...
16 December 2020
New data from IGD reveals that the online grocery channel is set to represent 5% of the US grocery market by 2022, with a value of $82.0bn. Channel sales almost doubling in 2020 This new forecast represents a significant acceleration of growth within the channel. Previously we had forecast that sales through the channel would not reach this value until 2025. This new forecast aligns with re...