Prime

How to ‘sleigh’ your holiday campaigns

It’s time to expect the unexpected. The way consumers shop during the holidays has undergone a significant transformation in recent years. Not only are they starting earlier, but as the UK’s cost-of-living crisis continues, they’re also spending less across all categories. Customers are buying seasonal items earlier, focusing more on…

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Waitrose in talks with Amazon over grocery deal

Waitrose is reportedly in talks with Amazon to consider selling groceries on the platform in a bid to regain market share lost to other discount retailers, The Telegraph has revealed. The pair are reportedly considering a new third-party deal, three years after Waitrose severed ties with Ocado.  Recently, Amazon struck…

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Amazon sales and profits climb in Q2

Amazon has welcomed a strong second quarter of trading, with sales rising by 11% to $134.4bn (£105.8bn) in the period, up from $121.2bn (£95.4bn) the prior year, amid a record-breaking Prime Day and cost cuts across the business. North America sales rose by 11% to $82.5bn (£64.9bn), international sales by…

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Amazon offers to change Marketplace rules to address CMA concerns

Amazon has offered to change the way it treats third-party sellers using its Marketplace platform in the UK, by submitting proposed commitments to the Competition and Markets Authority (CMA) in response to competition concerns it raised with the technology giant. The CMA said it considers that these commitments – if…

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Prime Day 2023: here’s what we know

Amazon’s Prime Day, a global annual shopping event organised by Amazon, has gained notoriety among Prime members since it was first introduced in 2015. While Prime Day 2023 is behind us now, the results of the total spend by consumers has not yet been quantified.  Luckily, we have last year’s…

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Amazon warehouse workers to strike during Prime Day

Labour union GMB has announced that nearly 900 Amazon workers at Amazon’s Coventry warehouse in Britain will strike for three days during its Prime Day event over a pay dispute, according to a Reuters report. In an emailed statement to Reuters, GMB said the strike will take place from 11-13…

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Amazon beats Q1 expectations but warns of slowed cloud growth

Amazon has beaten analysts’ expectations in the first quarter of trading, as revenues rose by 9% to $127.4bn (£102bn) against the $116.4bn (£93.4bn) reported the prior year. Over the period, North America sales and International sales increased by 11% and 1%, respectively, while Amazon Web Service AWS segment sales increased…

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Frasers Group to unveil own version of Amazon Prime

Michael Murray, the chief executive of Frasers Group, has revealed at this year’s World Retail Congress in Barcelona that the group will be unveiling its own version of Amazon Prime, Retail Week has reported.  The new membership scheme, which will be called ‘Frasers Plus’, would be a membership programme and…

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PM agrees new Brexit deal with EU for NI

Prime minister Rishi Sunak has agreed a deal with the head of the European Commission, Ursula von der Leyen, for new post-Brexit trade arrangements for Northern Ireland. The Windsor Framework replaces the old Northern Ireland Protocol, and aims to deliver free-flowing trade in goods between Great Britain and Northern Ireland…

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LCP Group acquires Gateway Retail Park

The LCP Group has announced it has acquired a Gateway Retail Park in Harwich, Essex – marking more than 20 retail acquisitions in 12 months. The group, which is part of M Core, the acquisitive commercial property collective that has invested more than £160m over 12 months in retail assets,…

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