Amazon news

06 February 2021
BigBasket has reported a 36% increase in its revenue to INR38,180m (US$525m) in FY20 (ending March 2020).  However, with overall expenses increasing 31% to INR44,114m (US$605m) the retailer reported losses of 26%, equating to INR7,099m (US$97m).   Intense B2B competition with the entry of big players Supermarket Grocery Supplies (SGS) operates e-grocery platform BigBasket, which supplies Ki...
03 February 2021
Amazon is rolling out its biometric device, Amazon One, to more of its physical stores. Amazon One allows shoppers to enter the store and pay using their palm. Palm entry and payment Amazon One was launched in September 2020 as a convenient way for shoppers to use their palm to make everyday activities quicker and easier. Amazon One enables shoppers to complete steps like entering a locatio...
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 ...