Welcome to this week’s eFocus, RepricerExpress’ weekly round-up of ecommerce and Amazon news.
Amazon makes a move on UK car websites: Elisabeth Behrmann and Richard Weiss at Bloomberg report that Amazon is set to sell vehicles in the UK unnerving shareholders of the region’s biggest auto websites. Britain’s Auto Trader Group Plc fell to a two-month low following a report that Amazon plans to expand its cars offering in Europe beyond a current test run in Italy. The US retailing giant, which already sells vehicles in its home market, is seeking to fill a gap as traditional dealerships lose appeal. Continue reading…
Amazon will be the first company worth $1 trillion: Eric Johnson at Recode reports that New York University professor Scott Galloway predicts that Amazon could multiply what Prime households spend today, from $1,300 a year to $7,000 or more and that it would beat Apple and Google to become the first company with a $1 trillion market cap. Continue reading…
Alibaba grows close to 50% year-on-year: Chris Dawson at Tamebay reports that Alibaba is expecting close to 50% growth this fiscal year. They have half a billion customers around the world and close to 10 million small business transacting on their platforms every day. Expectations of 45% to 49% growth topped analysts forecasts and puts Amazon growth to shame. Last year, Alibaba grew 56% but that included the acquisitions of South-East Asian marketplace Lazada and video-streaming site Youku. Continue reading…
Amazon launches Prime Reload, offering 2% back on purchases funded through debit cards: Sarah Perez at TechCrunch reports that Amazon is launching a new perk for Prime members called Amazon Prime Reload. Through a new rewards program, Prime members can receive 2% back on purchases when they first load funds into their Amazon Balance using a debit card attached to their bank’s checking account. Its aim is to encourage more people to sign up for Prime, the $99 per year membership program. Continue reading…
IKEA could start selling on Amazon: Dan Wilson at Tamebay reports that it looks like IKEA wants to branch out and offer its goods on ecommerce platforms like Amazon starting in 2018. This makes a great deal of sense: Amazon and others are accomplished shippers and couriers with huge capacity and expertise. There is merit in plugging into their superior networks. And considering Ikea is in a position to do a deal with the likes of Amazon they can doubtless protect margins. It’s worth noting that Amazon hasn’t confirmed they will be stocking Ikea products anytime in the future. Continue reading…
It’s nearly the weekend…whoo-hoo!
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