Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Waitrose in talks with Amazon over online grocery deal

by October 9, 2023
October 9, 2023
Waitrose in talks with Amazon over online grocery deal

Waitrose is reportedly in talks with Amazon to sell groceries via the internet marketplace, in an attempt to lure in more shoppers and claw back market share.

The Sunday Telegraph reported that the upmarket supermarket, part of the John Lewis Partnership, and Amazon were discussing a third-party deal, after the world’s biggest online retailer struck a similar agreement with the supermarket Iceland recently.

Iceland launched on Amazon in mid-September, offering thousands of products to Prime subscribers that the US company delivers from Iceland stores.

Amazon also has third-party deals with the Co-op and Morrisons, selling their groceries on its website and delivering them from local branches.

Waitrose has lost ground to the discounters Aldi and Lidl during the cost of living crisis, and its share of the UK grocery market has fallen to 4.6% from 5.1% at the start of 2020, according to industry data from Kantar.

The supermarket had a 20-year partnership with the online grocer Ocado until September 2020, when Ocado switched to a deal with Marks & Spencer.

Waitrose and Amazon declined to comment on a potential partnership. Waitrose said it was selling online through Waitrose.com, which it has expanded in recent years, and noted it had relationships with the takeaway firms Deliveroo and Uber Eats.

Waitrose and Deliveroo struck a partnership for rapid home grocery deliveries in 2021 after a rise in online shopping during the coronavirus pandemic. Waitrose joined forces with Uber Eats in July to have its groceries delivered to customers’ homes in as little as 20 minutes.

Five years ago, there were reports that Amazon had approached JLP to take over Waitrose. However, this claim was denied by the employee-owned group, which also includes the John Lewis department store chain.

Amazon moved into the UK grocery sector in 2016 with the launch of the online delivery service Amazon Fresh. It opened a new Amazon Fresh store on London’s Liverpool Street last month, taking the total number of stores in the UK to 19.

Last week, John Lewis announced that its chair, Sharon White, would step down in February 2025 at the end of her five-year term, making her the shortest-serving chair in the company’s history. She announced last month that the group’s turnaround would take two years longer than planned and cost more than expected, as it reported a fresh loss for the latest six months. John Lewis ditched its annual staff bonus for the second time in three years in March, after a worse-than-expected full year loss of £230m.

Read more:
Waitrose in talks with Amazon over online grocery deal

0
FacebookTwitterGoogle +Pinterest
previous post
Follow the Smart Money; Technology and Homebuilder Stocks Loved Last Week’s Reversal in Bond Yields
next post
Britain’s manufacturers urge Hunt to ditch autumn statement to provide financial solidity

You may also like

How Can You Help Your Investments Weather the...

October 24, 2022

Last orders called on takeaway pints as Home...

August 7, 2023

Restaurant closes after fraudsters posing as officials steal...

December 12, 2022

Bumper BP profits of £4bn in three months...

May 2, 2023

UK’s entrepreneurial ambitions stronger than ever as small...

June 9, 2023

Make UK appoints Lord Harrington as new chair

December 13, 2024

How AI-Powered Meeting Minutes Are Changing the Corporate...

July 25, 2024

Vodafone faces £120 million franchisee legal battle over...

December 10, 2024

Defying Gravity: Elevating Living Room Aesthetics with the...

August 23, 2023

Tesla hits trademark roadblocks for ‘Robotaxi’ and ‘Cybercab’...

May 8, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved