US-based retailer Amazon has announced that the company is closing eight of its Amazon Go physical convenience stores, according to a report in Supermarket News. The e-commerce giant has reportedly already closed two Amazon Go stores in Seattle, with plans to close two more in New York City and four in San Francisco by the start of April. “Like any physical retailer, we periodically assess our portfolio of stores and …
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E-commerce giant Amazon is expanding its burgeoning private label range with the launch of a new dedicated line of skincare products under the name Belei. Claimed to offer solutions for different skin types and to feature ingredients with proven effectiveness, the new 12-strong line of products includes moisturisers, serums, eye cream and spot treatments. They are advertised as being free from parabens, phthalates, sulfates and fragrance, and are designed to …
US e-commerce giant Amazon has added to its own brand line up of grocery products with the launch of a range of pet food under the name Wag, according to a report in CNet. The new brand is the latest addition to Amazon’s expanding portfolio of private label brands, which currently comprises more than 70 lines across a diverse range of product categories. The initial offering under the Wag brand …
US e-commerce giant Amazon has agreed to acquire the retailer Whole Foods Market for $13.7 billion including net debt. The acqusition is the latest in a series of significant moves by Amazon into FMCG retailing, including the opening of its first bricks-and-mortar grocery store in December of last year. According to Food Business News, the stores acquired by Amazon will continue to operate under the Whole Foods Market brand, maintaining …
E-commerce Amazon giant has made its first concrete steps into bricks-and-mortar retailing with the opening of a new store in Seattle, WA, USA under the name Amazon Go. The concept allows customers to pick and choose their groceries from the store but, unlike a typical supermarket, dispenses with the traditional checkout procedure. Instead, the technology uses sensors that are said to track customers as they move through the store and …
E-commerce giant Amazon is looking to push further into the FMCG space by opening physical stores to sell grocery products, according to a report in the Wall St Journal. Quoting “people familiar with the matter”, the news outlet reports that, under the plans, groceries such as fresh produce, milk, meat and other perishable goods would be available to purchase from these bricks and mortar stores, while ambient goods would be available …
US retail giant Walmart is said to have partnered with Uber Technologies and Lyft to test a new grocery delivery service, potentially in a bid to compete with Amazon, according to US media reports. Sources state that Walmart has also started testing a similar service in Miami for its warehouse chain Sam’s Club, partnering with Deliv which offers same-day deliveries for Kohl’s, Macy’s and other retailers. Under the new pilot programme, …
E-commerce giant Amazon is planning to launch a number of new private label brands over the coming months as it looks to step up competition against more established grocery retailers, according to a report in the Wall Street Journal. Baby food, tea, coffee and vitamin lines are reported to be in the pipeline with proposed brand names said to include Happy Belly, Wickedly Prime and Mana Bear. Sources that spoke …
Leading e-retailer Amazon has signed a deal with supermarket chain Morrisons that will enable it to begin selling fresh and frozen food in the UK for the first time, according to reports from the Guardian and the BBC. The new deal will see ambient, fresh and frozen products available to order on both Amazon Prime Now and Amazon Pantry over the coming months. In 2015, in what was then its …
Online retail multinational Amazon has invested $20million in the Shanghai-based web food company Yummy 77, TechNode reports. The Chinese company offers seasonally fresh and gourmet products online including dairy, fruit, seafood and meat and ships them across China, catering for the growing demand for premium imported food products among city dwellers. The investment in Yummy 77 could allow it to extend its category coverage and also expand its network beyond …
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