Welcome to this week’s eFocus, RepricerExpress’ weekly round-up of ecommerce and Amazon news.
Amazon to buy Whole Foods for $13.7bn: BBC News reports that Amazon is buying Whole Foods in a $13.7bn (£10.7bn) deal that marks its biggest push into traditional retailing yet. Amazon will buy the upmarket supermarket for $42 a share. Investors greeted the deal as game-changing for the industry, sending shares of rival grocers plunging. Founded in 1978 in Texas, Whole Foods was a pioneer of the move towards natural and organic foods. Continue reading…
eBay will match prices from Amazon and Walmart on certain items: Mallory Locklear at Engadget reports that in its latest move in the on-going business battle with Amazon and Walmart, eBay has announced a new Price Match Guarantee. The items eligible for price match are those sold in the website’s trending inventory section Deals. The products have to be new and identical to those sold through the outlet being price matched. They also have to be in stock at both eBay and its competitor at the time of purchase. Continue reading…
Amazon Prime Wardrobe seen as a big ASOS fashion challenger: Dan Wilson at Tamebay reports that “ASOS investors were spooked” by the launch of the Amazon Prime Wardrobe which offers subscribers free shipping and free returns on clothing. The less you return, the better the discount. The program is currently in beta with selected shoppers in the US, and likely to be limited to Prime subscribers. Continue reading…
Amazon accuses Walmart of bullying in cloud computing clash: BBC News reports that Amazon has accused its rival Walmart of attempting to “bully” IT companies into picking a rival platform. The row follows a report by the Wall Street Journal, which said other unnamed large retailers had also asked vendors to shun Amazon Web Services. Continue reading…
Jeff Bezos wants ideas for philanthropy, so he asked Twitter: Nick Wingfield at The New York Times reports that Jeff Bezos, founder and CEO of Amazon, asked his 222,000 Twitter followers for philanthropic giving suggestions. He specifically asked for ideas that could help the world in the near term, a contrast to long-term personal investments he has made in for-profit companies with social impact. Continue reading…
It’s nearly the weekend…whoo-hoo!
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