Welcome to RepricerExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.
Amazon settles tax optimisation dispute with French authorities: Roman Dillet at TechCrunch reports that Amazon has signed an undisclosed deal with the French tax authorities. From 2006 to 2010, Amazon operated in France using its subsidiary in Luxembourg. This way, the company could pay fewer taxes. But French authorities think French sales should be taxed in France. That’s why they were asking for $252 million in unpaid taxes (€203 million). It’s possible that Amazon eventually paid less than $252 million. Continue reading…
Amazon’s stock jumps 6% after its 4th-quarter results beat the Street’s expectations: Tory Wolverton at Business Insider reports that Amazon’s stock jumped more than 6% after the ecommerce giant topped Wall Street’s fourth-quarter expectations. The company reported its holiday-period results on Thursday afternoon. At the time of writing, Amazon’s stock was up $85.00 a share, or 6.1%, to $1,475.00. Continue reading…
UKFast chief on his top 5 predictions for ecommerce in 2018: Lawrence Jones at The Drum reports that the next 12 months are set to be an interesting time for ecommerce. We’re seeing increasing innovation in the sector to speed up processes and streamline the experience for customers, making online shopping easier, more enjoyable and faster than ever. So what should we expect in 2018? Subscription services, escrowed payments, safer, faster and smarter online shopping. Continue reading…
Amazon offers live lobsters for delivery to customers through post: Tom Barnes at The Independent reports that live lobsters are being sold on Amazon. UK shoppers can buy one of the Canadian-caught crustaceans on the online marketplace for £46.50, including shipping. The animals sold by third-party seller Fine Food Specialist, then face as long as a week trapped inside containers during delivery. Continue reading…
JD.com to launch marketplaces in France, the UK and Germany: Chris Dawson at Tamebay reports that JD.com has revealed plans to take on Amazon across Europe with an initial launch in France to be followed by launches in the UK and Germany. JD.com is China’s largest online direct sales company, with more than 56% market share and like Amazon also invite third-party sellers to sell on their platform. Continue reading…
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