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The latest Amazon results are positive – but there is now a clear divergence in performance between the top and bottom lines. On the profit front, Amazon’s results are impressive. Net income increased by 63.1 per cent and operating income by 78 per cent. Much…
Nearly a year-and-a-half after Amazon acquired Whole Foods for approximately US US $13.5 billion, things are about to start changing. Amazon is planning to expand its Whole Foods Market portfolio by adding more stores to put more customers within its two-hour…
Amazon briefly became the second US company to join the trillionaires club overnight. Like Apple just one month ago, Amazon’s market capitalisation has exceeded US$1 trillion. Neil Saunders, MD of GlobalData Retail, described the achieved as “extraordinary”…
Thanks to Amazon and Whole Foods, a new kind of locker talk could be sweeping the grocery sector, and it centers on how much can be bagged in a five-minute window. Micro-shopping trips, defined as trips that take less than five minutes, are becoming…
Ever since Amazon spent $13.7 billion on Whole Foods in June 2017, theories have been swirling as to why the world’s biggest e-commerce firm would get into the old-time business of selling groceries in stores. Now it is becoming clearer that what Amazon…
Amazon’s quarterly profit reached a record US$1.86 billion in the three months to December 31, fuelled by millions of new customers to its Prime fast-shipping club. There was also a provisional $789 million boost to its bottom line from the US government’s…
Looking to fight back against Amazon’s move into the grocery business, Cincinnati-based Kroger is reportedly eyeing an alliance with the Seattle juggernaut’s nemesis: China’s Alibaba. Industry speculation has Kroger exploring everything from a technology…
This week’s Alibaba-Sun Art deal is a major step in the development of a new retail landscape in China, write Wai-chan Chan and Jacques Penhirin of Oliver Wyman. This is not a “real estate play” with Alibaba buying 446 grocery stores, but shows how serious…
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