As of today, Andy Jassy has officially taken over the role of CEO of Amazon. He will also join the e-commerce giant's board of directors.
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Amazon sold over 250 million items during its two-day Prime Day sales festival at the beginning of this week. Belgian customers mainly bought tablets and smartphones.
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According to JPMorgan, Amazon is on track to dethrone its great rival Walmart as the largest retailer in the United States next year.
The British competition watchdog is about to launch an investigation into Amazon. Meanwhile, the European Union is threatening the e-commerce giant with a hefty fine.
Last weekend, finance ministers from the G7, the leading industrialised countries, reached a "historic agreement" on a minimum tax rate for multinationals. However, a loophole in the agreement could allow Amazon to avoid the tax after all.
Groupe Casino and Amazon are expanding their partnership. Following in the footsteps of Monoprix, the supermarket and hypermarket chain is opening a store on the French premises of the American e-commerce giant. Customers will be able to pick up their click-and-collect orders.
E-commerce giant Amazon is holding its Prime Day shopping event on 21 and 22 June this year. The online platform wants to encourage customers to make their purchases from small businesses.
Amazon is under increasing pressure to reduce its plastic footprint, as shareholders approved a resolution urging the company to reveal how much of its plastic packaging ends up in the environment.
The success of big international e-commerce platforms has created a new type of buyer. Specialised companies are hunting for interesting webshops to take over based on their success on those platforms. After a few years, the webshops often reach a plateau, a moment when they have to decide on major investments for further growth.
Discounters and online players are on the rise in the charts of the world's largest retailers, and so are retail companies based in the Asian region. Noteworthy, however, is the strong performance of one Benelux player.
The tax advantage that the European branch of Amazon enjoys in Luxembourg is legitimate, according to the EU’s General Court. The e-commerce giant therefore does not have to pay back 250 million euros in back taxes.
Since the corona pandemic, e-commerce has been an absolute top priority for food retailers, but the profitability of online shopping remains a major challenge. McKinsey defines three conditions for a successful digital transformation.
Despite falling store sales again, French retail group Casino is seeing profitability improve. The retailer is doing very well online.
Amazon is moving its annual Prime Day into June this year. The e-commerce giant thinks the two-day event, which includes all kinds of discount deals and new product launches, is best held before the summer and the Olympics.
Last year, the European branch of Amazon realised a turnover of 44 billion euros. However, the e-commerce giant is not paying any corporation tax on those revenues.
In an increasingly digital world, retailers need to rethink how they fill their square metres of selling space. "Innovation in retail is not limited developing a new store concept, it's about adopting a shopper-driven philosophy."