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Amazon news

20 July 2023
Amazon has announced that it is closing three Fresh stores in London on 23 July: Ealing, Wandsworth and East Sheen. However, Amazon is continuing with other expansion plans for Fresh, confirming the launch of two new stores in Moorgate and Liverpool Street Access for all shoppers through a gateless opening Amazon has yet to release many details about the new stores, but one thing we know is...
19 July 2023
Amazon said July 11, the first day of Prime Day, was the largest sales day ever on Amazon, as well as being the biggest Prime Day on record for its independent retailers. Here we explore how this was achieved and how retailers in the US responded. Amazon Fresh was a target throughout Prime Day Unsurprisingly Amazon Fresh was a strong focus for Prime Day, with discounts being offered even be...
10 July 2023
In recent weeks Amazon has made four significant strategic developments, investing in its international operations, focusing on sustainability and gearing up for Prime Day 2023. Strengthening commitment to India’s long-term potential Amazon has been quick to compete with Walmart’s increased $2.5bn commitment to the Indian market as it announces plans to take investments to $26bn by 2030, wi...
04 July 2023
As inflation’s impact on grocery retail continues, we’ve published the second report in a quarterly series of how retailers are responding to the cost-of-living crisis. The new edition provides inspiration from around 50 retailers in 20 markets and in this article, we’ve picked out some of our favourite initiatives from around the world.   Price: Amazon UK offer simple value taxonom...
17 May 2023
Coinciding with the launch of four new Alexa-enabled devices, Amazon announced that there has been well over half a billion Alexa-enabled devices sold around the world, and customers are using Alexa more than ever. Engagement with Alexa increased more than 35% in 2022. Putting Amazon in your vehicle Amazon also announced that Echo Auto, which brings the convenience of Alexa to your vehicle,...
28 April 2023
We review Amazon’s first quarter results and the outlook for the year ahead as it continues to simplify the business. Q1 key numbers Total net sales increased 9.4% to $127,358m Net product sales increased 0.9% to $56,981m Net service sales increased 17.3% to $70,377m Online sales were flat to last year at $51,096m Sales through physical stores increased by 6.6% to $4,895m ...
21 April 2023
In February 2023, Andy Jassy (Amazon President and CEO) quashed rumours that Amazon’s grocery business had been put on long-term hold. In Amazon’s 2022 letter to shareholders, published last week (April 13), Jassy commented that Amazon is looking for the “right mass grocery format for Amazon to scale”. Here we explore that further, along with other key headlines from the update. Grocery:...
14 April 2023
Business catering company BaxterStorey has become the first hospitality business in the UK to use Just Walk Out technology. The new micro market which opened last month (March 2023) marks the first use of Amazon’s Just Walk Out technology within the workplace in the UK. The micro market, called Social Bee, is operated by BaxterStorey in Amazon’s London headquarters, and includes food-to-go, fo...
05 March 2023
Amazon is to close eight of its Amazon Go stores, with locations in Seattle, San Francisco and New York shuttering. This will leave chain with 21 stores. We look at why these closures are being undertaken and if it’s a signal of any larger changes underway within the retailer’s physical stores business. Amazon threw down the autonomous store challenge Amazon Go launched in Seattle in 201...
15 February 2023
In an interview with the Financial Times, Amazon CEO Andy Jassy has extinguished rumours that Amazon’s grocery store business has been put on hold long-term. Contrarily, the tech giant hopes to “go big” on bricks-and-mortar stores later this year. The pandemic led to setbacks Many of Amazon’s grocery stores opened during the pandemic and a “lack of normalcy” during these times caused severa...