Welcome to RepricerExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.
Amazon made moves to buy Waitrose from John Lewis Partnership, claims report: Benjamin Butterworth at iNews reports that a senior executive at Amazon reportedly pushed to open talks with the John Lewis Partnership to buy out Waitrose. According to the Sunday Times, Amazon informally met with John Lewis bosses to discuss acquiring the grocery chain late last year. However, the proposal was shut down by the partnership’s board and did not advance. The news comes after Sainsbury’s announced £14bn plans to merge with Asda, which many analysts believe is to counter Amazon’s move into the grocery market. Continue reading…
Memo from Amazon: tell a good story: John Gapper at FT reports that Jeff Bezos and Winston Churchill do not have much in common, but one is chief executive of a company that is valued at $770bn and the other stopped the Nazis invading Britain, so the advice of both is worth heeding. Amazon’s founder and the UK’s wartime prime minister agreed on one thing: the value of a good memorandum. Mr Bezos’s recent letter to shareholders extolled the Amazon practice of starting all internal meetings by everyone present reading a memo of up to six pages, explaining what they are there to discuss. Continue reading…
Twenty thousand Amazon millionaire sellers: Joe at Marketplace Pulse reports that Amazon has announced that more than 20,000 Amazon marketplace sellers worldwide surpassed $1 million in sales in 2017. Known for rarely releasing details about the marketplace businesses Amazon has introduced the Small Business Impact Report this week. Continue reading…
BBC, ITV and Channel 4 in talks to create UK streaming service: Mark Sweney at The Guardian reports that the BBC, Channel 4 and ITV have held discussions about joining forces to create a British streaming service to combat the increasing power of Netflix and Amazon in the UK. The early-stage talks, which are also understood to involve NBC Universal, the US TV and film group that owns the maker of Downton Abbey, are focusing on how the UK’s main broadcasters and makers of top shows can work together to create a streaming rival to the popular and deep-pocketed newcomers that have transformed broadcasting. Continue reading…
Snap rises after hiring an Amazon veteran as finance chief: Graham Rapier at Business Insider UK reports that shares of Snap rose 1.5% in early trading Tuesday, following the departure of chief financial officer Andrew Vollero and his subsequent replacement by former Amazon executive Tim Stone. Vollero joined Snapchat’s parent company in August of 2015, according to his LinkedIn profile, following a 10-year stint at Mattel as senior VP of corporate strategy, development, and investor relations. Continue reading…
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