Welcome to this week’s eFocus, RepricerExpress’ weekly round-up of ecommerce and Amazon news.
A patent that helped Amazon take over online commerce is about to expire: Keith Collins at Quartz reports that Amazon’s 1-Click patent will expire on 11 September 2017. If you’ve bought anything on the internet with one click in the past 20 years, it’s likely it was on Amazon or a platform that pays Amazon a lot of money to license its patented and trademarked “1-Click” technology. Continue reading…
Amazon launched 22 years ago this week. Here’s what shopping on Amazon was like back in 1995: Caroline Cakebread reports that it was in 1994 whilst living in New York City that Jeff Bezos came up with the idea to sell books online. Amazon officially opened for business on 16 July 1995, as an online book seller. With 1 million titles in its catalogue, it advertised itself as “Earth’s biggest bookstore”. In 2016, some 21 years later, Amazon recorded $136 billion in sales. Continue reading…
Whole Foods shareholders vote in approval of Amazon deal: Lauren Thomas at CNBC reports that Whole Foods shareholders have voted to advance Amazon’s acquisition of the grocery chain, moving the proposal one step closer to reality. The retailer’s shareholders approved a merger with the internet giant on Wednesday morning. Amazon shareholders don’t need to sign off on the deal. Now, completion of the transaction is subject to regulatory approvals and other customary closing conditions. Continue reading…
Alibaba beats Amazon: Panos Mourdoukoutas at Forbes reports that Chinese online and mobile commerce company Alibaba Group beat Amazon in the last twelve months…On Wall Street. Alibaba shares have gained 75.18% in the past twelve months compared to 26.20% of Amazon. However, Alibaba shares are trading at a fraction of Amazon’s shares, meaning that large percent gains are easy to come by. Continue reading…
Buying a new car? Try Amazon: Oliver Smith at The Memo reports that instead of a trip to a dealership, you could soon be able to visit Amazon and click before waiting for your new car to arrive. Amazon already offers this service in France with Seat and in Italy with Fiat and is and is rumoured to be working on bringing to the UK. Continue reading…
Have you got that Friday feeling?
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