(Source: Inside Retail Asia | September 5, 2018) Amazon briefly became the second US company to join the trillionaires club overnight. Like Apple just one month ago, Amazon’s market capitalisation has exceeded US$1 trillion. Neil Saunders, MD of GlobalData Retail, described the achieved as “extraordinary” after just 24 years in business. “That Amazon has achieved this demonstrates its dramatic advancement ...

(Source: Reuters | June 14, 2018) Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc’s automated grocery shop, six people familiar with the matter told Reuters. The Redmond, Wash.-based software giant is developing systems that track what shoppers add to their carts, the people say. Microsoft has ...

(Source: ABS-CBN News | May 10, 2018) Amazon.com may set up shop in Manila, its second after the customer service facility in Cebu City that it launched recently, a government official in charge of foreign investments said Thursday. The Manila facility will likely open by mid-year, Philippine Economic Zone Authority chairperson Charito Plaza said. Amazon.com opens first customer service office ...

(Source: Business Insider | May 3, 2018) Amazon has made an offer to purchase approximately 60% of Indian e-commerce company Flipkart, according to CNBC. The US e-commerce titan has been interested in acquiring Flipkart for awhile; it made a bid to purchase 51% to 55% of Flipkart two years ago, a source told Reuters, but the offer was rejected because ...

(Source: Rappler | March 29, 2018) US President Donald Trump took aim Thursday, March 29, at Amazon.com, claiming the US online giant pays too little in taxes and hurts other retailers. “I have stated my concerns with Amazon long before the Election,” Trump tweeted. “Unlike others, they pay little or no taxes to state & local governments, use our Postal ...

(Source: Manila Bulletin | February 10, 2018) Amazon is bringing its speedy delivery to Whole Foods – and Margot Good might never visit the organic grocery chain again. “I can stay in my pajamas at home and have them deliver me my groceries,” she said Thursday after learning about the new service outside a Cincinnati location. The online retail giant ...

(Source: ABS-CBN news, Reuters | January 23, 2018) Amazon.com Inc open to the public on Monday its checkout-free grocery store after more than a year of testing, moving forward on an experiment that could dramatically alter brick-and-mortar retail. The Seattle store, known as Amazon Go, relies on cameras and sensors to track what shoppers remove from the shelves, and what ...

(Source: Retail Asia Online | January 16, 2018) Internet retailing is the fastest growing global channel through 2022 at 73% to become a larger channel than traditional grocery retail, according to global market research company Euromonitor International which released its new retailing industry data alongside the second annual What’s New in Retail: Emerging Global Concepts report. Within internet retailing, the ...

(Source: Inside Retail Asia | December 18, 2017) Online retail giant Amazon Group has its eye on Vietnam for its next expansion in Southeast Asia. Meeting with the Vietnam e-Commerce Association (VECOM) last week, the group revealed a two-step strategy for Vietnam. As well as exporting goods to Vietnam, it also wants to help Vietnamese small and medium enterprises sell ...

(Source: Reuters | November 6, 2017) Amazon.com Inc is cutting prices of products from third-party sellers on its website, moving beyond its more typical method of discounts on items it sells directly. The “discount provided by Amazon” applies to products including board games and technological gadgets offered by other merchants as the holiday season approaches. The retailer has been trying ...