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

New Website for Mobile Casino Enthusiasts Using PayPal

December 20, 2023

Truss set to announce £150bn scheme to freeze...

September 8, 2022

The Benefits of Accounts Payable Automation for Small...

October 4, 2022

The Rise Of The Bitcoin Market In 2022

October 20, 2022

Racehorse ownership: A unique and exciting investment

April 5, 2023

Nissan unveils new electric car to be built...

June 18, 2025

UK employers’ hiring confidence hits lowest level since...

July 7, 2025

Staying Ahead of the Competition: How Regulatory Changes...

January 24, 2024

Managing an Airbnb property in UK: 5 Tips 

April 14, 2025

Strava’s valuation jumps to $2.2bn following acquisition of...

May 22, 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

    • Tom Hartley Jnr completes sale of Mansour Ojjeh’s extraordinary McLaren collection

      August 27, 2025
    • Trump administration to review 55m US visa holders in sweeping immigration crackdown

      August 27, 2025
    • AI profiling of social media will boost HMRC’s tax compliance, say advisers

      August 27, 2025
    • Seven keys to a successful AI strategy for corporate enabling functions

      August 27, 2025
    • Virgin StartUp launches Momentum accelerator to back dyslexic entrepreneurs

      August 27, 2025
    • Apple expected to roll out texting update that would hit GOP hardest ahead of midterms, fundraisers say

      August 27, 2025

    Categories

    • Business (8,897)
    • Investing (2,242)
    • Politics (16,499)
    • Stocks (3,228)
    • 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