Amazon news

10 September 2021
Amazon has announced it will launch its Just Walk Out technology at two Whole Foods Market stores in Washington, D.C. and Sherman Oaks, California next year.  Hybrid in-store payment Shoppers at the two Whole Foods Market stores will have the option to skip the checkouts and shop with Just Walk Out technology, or checkout via the store’s self-checkout lanes. They will be greeted by a Whole ...
03 September 2021
Amazon has launched a dedicated app to enable them to make decisions on crops using machine learning technology. It has also launched a Kisan (farmer) Store for farmers on Amazon.in. Dedicated mobile app Amazon has launched the programme, called Reactive and Proactive Crops, to provide farmers with real-time advice and information and cutting edge technology. Sameer Khetarpal, Director, ...
03 September 2021
Amazon has launched Amazon.eg in Egypt, a rebranding of Souq.com. Amazon rebrands Souq Amazon.eg has been rebranded from Souq.com, an ecommerce platform which Amazon acquired in 2017 in the Middle East. Shoppers’ account information for Souq.com was automatically transferred to the new site. In June 2020, Amazon also converted the Souq website in Saudi Arabia to Amazon.sa. In January 202...
03 September 2021
The Amazon Global Store service is now available on ecommerce platform 11Street (owned by SK Telecom). Starting from 31 August, Korean shoppers can search for products sold by Amazon in Korean and make payments in Korean won. Amazon’s first online service through a local operator The news comes after Amazon's official foray into the South Korean ecommerce market in November. It is reporte...
30 July 2021
Amazon's net sales increased by 27% year-on-year (YoY) to US$113.1 bn, with operating income rising by 33% to US$7.7 bn. Rate of growth slowing Despite the strong sales growth, the rate was down on the 44% increase seen in Q1 this year. Amazon’s international segment grew 36% YoY, compared to North America which grew 22%. North America is still the dominant market, with sales accounting ...
26 July 2021
DIA and Amazon are expanding the coverage of their service to more cities in Spain, as Mercadona revealed its 2019 to 2020 sustainability investment and its future initiatives. Meanwhile, Eroski shared its 2020 growth as it increased its understanding of its shoppers’ behaviour and, finally, Condis revealed how franchising had helped it expand during 2020. DIA and Amazon expand express deliver...
12 July 2021
Tesco’s chief strategy and innovation officer Tony Hoggett is to leave the grocer to join Amazon as its senior vice president of physical stores according to an internal memo from Dave Clark, Amazon's Worldwide Consumer CEO. He is set to take up his new position in Seattle in January 2022. A distinguished career at Tesco Tony Hoggett joined Tesco in 1990 and has served in a range of leaders...
06 July 2021
Having seen a surge in demand for online grocery retail over the past year, we have remodelled how we expect the channel to grow in Australia over the coming years, predicting that online grocery will achieve a market share of 9.9% by 2026, up from an estimated 5.0% by the end of FY21. COVID-19 has accelerated online grocery by three years in Australia Woolworths and Coles currently control...
01 July 2021
Amazon Prime Day was on June 21 st and 22 nd offering more than 2 million deals and new exclusive promotions across Prime Video, Amazon Music and Prime Gaming. Last year’s Prime Day was moved back, into Q4, due to COVID-19. With a smaller gap between the events, it might have been challenging for suppliers to secure enough inventory and support with heavy discounts. Amazon drove visibilit...
16 June 2021
Amazon announced it has opened a new Amazon Fresh store in Bellevue, Washington which will feature the retailer’s Just Walk Out technology. First full-size grocery store to feature the tech The new Amazon Fresh store is 25,000 sq ft. It is significantly larger than Amazon’s stores that have opened to date which feature the Just Walk Out technology. For example, its Amazon Go Grocery store t...