Prime

Amazon reports fastest ever Prime delivery times in 2024

Amazon achieved its fastest delivery speeds ever for Prime members globally in 2024, and delivered more than nine billion items the same or next day.  The retail giant said that it is delivering more “everyday essentials”, household and pantry items across health, beauty, baby, pet food and other categories. It…

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Digital shelf analysis: The secret weapon for brands this golden quarter

In Britain, 67% of consumers plan to spend the same or more than last year during the 2024 golden quarter1 so brands will need to pull out all the stops to get their slice of the pie, particularly when it comes to sales and marketing strategies. With huge retail events…

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Amazon Q3 beats expectations as net income hits $15bn

Amazon has revealed it has beaten its Q3 expectations as its revenues surged 11% to $158.9bn (£123.3bn), beating analyst predictions of $157.2bn (£121.9bn), while its net income hit $15.3bn (£11.9bn), up from $9.9bn (£7.7bn) last year. It comes as the retail giant noted that North America segment sales increased 9%…

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Today’s news in brief-24/10/24

Frasers Group is pressuring Boohoo to appoint its founder Mike Ashley as CEO, criticising the current leadership’s handling of the business. In an open letter, Frasers, which holds a 27% stake in Boohoo, described the company’s recent performance as “abysmal,” following a 15% revenue decline to £620m for the six…

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Amazon expands same-day delivery to 80 towns and cities

Amazon has announced the expansion of its same-day delivery service to 80 towns and cities, with Aberdeen, Middlesbrough, and Plymouth the most recent additions. Same-day is Amazon’s fastest delivery speed, allowing Prime members to shop millions of products and receive their order conveniently at home, or at a pickup location…

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Sainsbury’s chief calls for Budget action on consumer confidence

Sainsbury’s boss Simon Roberts has called on the government to introduce measures to improve consumer confidence in the Budget this month. He told Reuters that despite falling inflation, higher wages, and solid employment levels, UK shoppers remain nervous about spending on bigger ticket items. Recent surveys have shown UK consumer…

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Today’s news in brief-2/9/24

John Lewis Partnership (JLP) has refuted recent claims of additional job cuts and management restructuring. Earlier, reports suggested management team overhauls across 34 stores could lead to more job losses beyond the 153 roles already announced last month. JLP clarified that these changes aim to enhance operational flexibility and customer…

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Today’s news in brief-6/8/24

UK retail sales saw a slight uptick of 0.5% year-on-year in July, driven by improved performance in food sales and summer clothing purchases amidst favourable weather. However, non-food sales declined by 1.7% over the same period, with in-store sales particularly affected, reflecting ongoing shifts in consumer spending habits. The online…

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