Amazon is allegedly planning its own collections of sports clothing, having contacted manufacturers working for chains like Gap and Uniqlo. These are currently only producing small numbers of clothing for testing purposes.
The European Commission had some bad news for American Amazon: it needs to pay an additional 250 million euro in taxes because the Commission feels it enjoyed illegal state aid from Luxembourg for many years.
Following its Whole Foods acquisition in the United States, Amazon is now planning on conquering the European food market. It has already contacted French and British supermarket chains; E.Leclerc is the first to confirm the attempts.
According to a French business paper, Amazon is eyeing to acquire Carrefour in an attempt to increase its foothold in Europe. Carrefour's share suddenly became one of the biggest risers in the Paris stock exchange, even though no proof of the intents has yet been released.
Over the past few months, Ahold Delhaize’s share had to deal with plenty of setbacks, mainly because of Amazon’s competition. Investor group VEB says the supermarket company has listed a few outcomes for the Belgo-Dutch group.
Walmart has joined forces with Google to lure in the digital consumer. Starting in September, the American store giant will allow its customers to use Google Home to place spoken orders through their smartphone and also get them delivered at home.
German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.
Those who thought Amazon’s growth would slow down, were wrong: the company is now worth more than 500 billion dollars. The Amazon effect is even troubling other retailers and investors. How should they react?