Tag Archives: Amazon

Amazon’s Wholefoods takeover gets regulatory green light

07-10 Amazon to Acquire Whole Foods for $13.7 Billion in Cash

(Source: Inside Retail Philippines | August 24, 2017) Amazon’s Wholefoods takeover has received regulatory approval, clearing the way for the biggest retail deal of the year to proceed. The Federal Trade Commission, charged with ensuring business acquisitions do not impact customer choice, has given the green light to the US$13.7 billion deal,  shortly after Whole Foods shareholders voted in favor ...

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Australia: Amazon pushes further into APAC with new warehouse

Amazon

(Source: Techwire Asia | August 3, 2017) Melbourne is soon to be home to Australia’s very first Amazon warehouse, the next stage in the e-commerce giant’s strategy to penetrate the Asia Pacific region launched soon after its Prime Now service began operations in Singapore. Amazon will open its warehouse three months after the Amazon Marketplace went online. Marketplace sells advertising ...

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Amazon Korea could crash, say experts

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(Source: Inside Retail Asia | August 1, 2017) As Amazon Korea gears up, analysts are tipping it will take the same path as Wal-Mart in South Korea: failure and withdrawal. It is expected it will not have a big impact on the retail industry, reports Business Korea. Amazon Korea has hired dozens of full-time employees, including marketing, sales, and e-commerce ...

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Target CEO unfazed by Amazon-Whole Foods deal

Target CEO Brian Cornell  (AFP PHOTO / Robert LEVER/Manila Bulletin)

(Manila Bulletin/AFP | July 19, 2017) US retail giant Target’s chief executive Brian Cornell played down Amazon’s massive deal to acquire grocery chain Whole Foods, arguing that it “validates” his company’s business model. “It wasn’t a surprise that that deal took place,” Cornell told a forum at the Fortune Brainstorm Tech conference in Aspen, Colorado. “It really validates what we’ve ...

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Amazon to Acquire Whole Foods for $13.7 Billion in Cash

07-10 Amazon to Acquire Whole Foods for $13.7 Billion in Cash

(Source: Fung Global Retail & Tech) On June 16, Amazon announced the signing of a definitive agreement to acquire Whole Foods Market for $13.7 billion in cash, which includes the assumption of roughly $1 billion in Whole Foods’ net debt. The two companies’ statement included few details. Whole Foods CEO John Mackey said that the deal represents an opportunity for ...

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Amazon expands to Middle East with Souq.com buy

Photo from: thecountrycaller.com

(Source ABS-CBN/AFP | 29 March 2017) Tech giant Amazon expanded its global reach with the announcement of a deal to buy Dubai-based Souq.com, the Middle East’s largest online retailer. The agreement brings Amazon into a fast-growing market as it continues to invest in its core retail network despite expanding into a wide range of services. Founded in 2005 as an ...

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Amazon UK recruiting 5000 staff to boost business

Amazon

(Source: Inside Retail Philippines | 21 February 2017) Amazon UK plans to recruit 5000 staff to expand its operations, taking its total headcount to 24,000. “We are hiring for all types of roles, from flight-test engineers, software engineers and corporate managers in our development centres and head office to operations managers, engineers, service technicians and order fulfilment roles,”said Amazon UK ...

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The battle has just begun: Amazon vs. stores

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(Source: Retail in Asia | Jan. 1, 2016) As the swell of holiday shopping subsides, online retail appears to have gained momentum this year. But traditional retailers and e-tailers alike face challenges to dominate in 2016, including weather, prices and profitability, experts told CNBC. On the online front, Amazon’s Prime membership service had a “record-setting” holiday, a press release said ...

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The day that retail changed forever

FAO-Schwartz

(Source: Inside Retail Asia, by Jon Bird | July 29, 2015) Something weird happened on an otherwise ordinary Wednesday in July in New York City. A switch flicked. A baton was passed. A change happened. On July 15, 2015, a bricks and mortar retail icon closed its doors, while at the same time an e-commerce powerhouse had one of its ...

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