Amazon news

23 June 2022
Flash delivery service Gorilla plans to exit Belgium, as Colruyt starts trialling its home delivery service and Amazon sets up to enter the market. Separately, Delhaize reveals its reducing is private label prices by up to 30% and Russian discounter Mere faces challenges in the market.      Gorilla exits from the market Recently Gorilla the German flash delivery service confirmed they plan ...
23 June 2022
In the UK, Amazon has opened its first Fresh store outside of London featuring its Just Walk Out technology. The retailer also announced Doug Herrington will take on the role of CEO of Worldwide Amazon Stores following Dave Clark’s departure. 19 th Amazon Fresh store in the UK Amazon has opened its 19 th Amazon Fresh store in the UK in Sevenoaks, Kent. It is the first store to launch o...
20 June 2022
Amazon is set to launch in Belgium in September, as reported by Business Insider. Set to launch by September According to leaked documents, Amazon will launch in Belgium in late September 2022. It also plans to launch in four other markets by early next year: Chile, Colombia, Nigeria and South Africa. Amazon will launch its marketplace in Belgium, with Amazon’s Prime membership scheme ex...
03 May 2022
Amazon's net sales increased by 7% year-on-year (YoY) to $116.4bn and operating income decreased (59)% to $3.7bn for the first quarter (ended March 31). International business in decline Sales from Amazon’s international segment declined (6)% YoY, compared to North America which grew 8% YoY. Both the International and North American segments delivered an operating loss of ($1.6)bn and ($1...
25 April 2022
Amazon has launched a $1bn venture investment programme, Amazon Industrial Innovation Fund. Amazon also announced a new service, Buy with Prime, that will enable Prime shopping on online stores outside of Amazon.com. Improvement of employee experience Amazon will use the new fund to invest in companies developing customer fulfilment, logistics and supply chain. The first round of investm...
24 March 2022
As Gopuff launches price matching for the UK’s largest convenience retailer and partners with Morrisons, Amazon rolls out Deliveroo Plus as a Prime benefit in Italy, I round up the latest developments within quick commerce. I also round up some of the latest activation I’ve seen from quick commerce pure plays Jiffy, Zapp and Gorillas, including a focus on events. Gopuff price matches Tesc...
20 March 2022
Amazon and Target have launched new stores packed with sustainability features, designed to help them on their journeys to becoming net zero companies. Creating a global benchmark Amazon’s latest Amazon Fresh store in Seattle features more than a dozen upgrades as it pursues the International Living Future Institute’s ‘Zero Carbon’ certification, the first grocery store globally to do so. Thi...
07 March 2022
Amazon will close all 68 of its physical bookstores, 4-star stores and Pop-Up stores in the US and UK. First store opened in 2015 Amazon opened its first physical bookstore in 2015. It then launched its 4-star concept in 2018, offering a range of products which were all rated 4 stars or better on Amazon.com. The retailer had 32 4-star stores in the US and one in the UK, which launched in...
10 February 2022
The Competition and Markets Authority (CMA) has ruled that Amazon must now comply with the Groceries Supply Code of Practice. The code applies to retailers with an annual turnover of more than £1bn in grocery sales. Increasing grocery focus The announcement follows Amazon’s increased focus on grocery over the last few years. In 2020, the UK was Amazon’s fastest growing market at +51% YoY, a...
04 February 2022
Amazon's net sales increased by 9% year-on-year to US$137.4bn and net income increased 98% to $14.3bn for Q4 (ending 31 st  December). Amazon Web Services covering higher costs Amazon’s total operating income for the quarter was $3.5bn (50)%. Amazon is facing into higher costs. Amazon’s fulfilment costs in Q4 increased 21% YoY to US $22.4bn. It’s also spending more on marketing, with costs ...