Amazon has launched its first Amazon Now site in the U.K. That’s according to a recent LinkedIn post from Elisa Michelin Salomon, Amazon’s ops lead for EU quick commerce, and flagged in a report Monday (Jan. 19) by the website Retail Tech Innovation Hub. “What...
The chief executive of IKEA’s biggest franchisee is touting the virtues of consistency. Speaking with Reuters Monday (Jan. 19), Ingka Group CEO Juvencio Maeztu said that adhering to consistency and not overreacting on pricing is critical for retailers as shoppers look for stability. The report notes that IKEA has cut prices in...
GameStop plans to close more than 430 stores across the United States this month, The Verge reported Sunday (Jan. 11). The retailer’s fiscal year 2025 will end on Jan. 31, and the firm said in a Dec. 9 filing with the Securities and Exchange Commission...
AWS has launched the AWS European Sovereign Cloud, an independent cloud located in the European Union and designed to help customers meet the EU’s sovereignty requirements. The cloud is physically and logically separate from other AWS regions, and it features technical controls, sovereign assurances and...
The retail landscape is officially closer to 2050 than it is 2000. That is redefining the traditional roles of Amazon and Walmart as both seek to compete, win, and push the boundaries of innovation across retail and commerce. For example, one major retailer this week...
Amazon is reportedly challenging luxury retailer Saks Global’s bankruptcy filing. The eCommerce giant accuses the company of breaking an agreement on the sale of Saks products on its website, Bloomberg News reported Wednesday (Jan. 14), citing a court filing. Amazon had made an equity investment...
In the wake of the government shutdown, the delayed November retail sales report that debuted Wednesday (Jan. 14) offers a clear snapshot of how, and where, consumers were spending as the holiday season approached, revealing a familiar but important theme: online channels remained a steady...
Luxury retail company Saks Global has declared bankruptcy amid mounting debts. The company, which owns Saks Fifth Avenue stores as well as department stores Bergdorf Goodman and Neiman Marcus, entered Chapter 11 bankruptcy in Texas, it said in a Wednesday (Jan. 14) news release. The...
Amazon is reportedly seeking reduced prices from its suppliers as it deals with tariffs. The eCommerce giant has asked for discounts from suppliers of up to 30%, the Financial Times (FT) reported Tuesday (Jan. 13), citing interviews with vendor consultants who negotiate on behalf of...