Welcome to RepricerExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.
Amazon buys ‘smart’ doorbell firm Ring: BBC News reports that Amazon has bought a US firm that makes high-tech doorbells in a move expected to help the online retailer improve how it delivers parcels. Ring makes doorbells that record live videos of customers’ doorsteps, then sends the videos to their smartphones. The doorbell could help Amazon customers trust its new service which lets couriers open people’s front doors and put deliveries inside. Amazon is reported to have paid more than $1bn to secure the deal. Continue reading…
Amazon plans to open as many as six more cashierless Amazon Go stores this year: Jason Del Rey at Recode reports that Amazon plans to open up to six more Amazon Go stores this year. Some of the new high-tech stores are likely to open in Amazon’s hometown of Seattle, where the first store is based, as well as Los Angeles. It’s not clear if Amazon will open up Go stores in any other cities this year. In Los Angeles, Amazon has held serious talks with billionaire developer Rick Caruso about bringing a Go store to The Grove, his 600,000-square-foot outdoor shopping Mecca. Continue reading…
Amazon share price tops $1,500 for the first time: Chris Dawson at Tamebay reports that Amazon’s share price, already up well over 25% this year, hit a record high, rising above $1,500 per share for the first time. Typically, Jeff Bezos has led Amazon with little regard for investor returns or share price, preferring instead to focus on building growth for the future and taking risks with new business opportunities. Amazon’s ethos is that it’s ok to fail, but if you’re going to fail then fail fast and move on to the next project — it’s this strategy that’s propelled them to the forefront of retail. Continue reading…
Most customers would use a cryptocurrency if Amazon creates one, according to survey: Kate Rooney at CNBC reports as Amazon continues its rapid expansion into groceries, health care and more, it may next want to disrupt the banking system, new research indicates. More than half of Amazon shoppers would embrace using an Amazon-created cryptocurrency on the site, according to a LendEDU survey released Wednesday. Of the 1,000 shoppers polled by LendEDU, 51.7%, said yes to the idea of an Amazon-created cryptocurrency for upcoming purchases on Amazon.com. Continue reading…
Amazon has started its delivery service in Australia, a country with ‘tyranny of distance’: Reuters at CNBC reports that three months after opening in Australia, Amazon has said merchants could pay it to pack and ship their products through its new Fulfillment by Amazon (FBA) program with Prime to follow later in the year. That means Amazon, not its thousands of Australian vendors, takes responsibility for meeting delivery estimates in a country of 24 million people spread over an island the size of the mainland United States, with little inland transport infrastructure. Continue reading…
Bonus: How to Get More Product Reviews on Amazon
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