The big news of the week is Amazon official entry into the pharmacy business. Since the acquisition of pillpack in June 2018, it was obvious that Amazon had big ambition in the medical space! Even if the announcement this week shouldn’t be a surprise, it was for some companies!
Also…
- Wish Marketplace to go public
- Shopify partner with China Alipay
- Target grow digital sales by 155%
- Missguided announces locker takeover!
- Ahold Delhaize to Acquire FreshDirect
- SellerX raises $118M
Amazon jumps into the pharmacy business
Amazon pharmacy will provide online prescription fulfilment & free delivery for Prime members in the US!! That’s big news…. The “everything store” is proving that they are really going after everything…
Interesting Fact: 80% of out-patient prescriptions are available for mail order, this is a $400Bln market in the US alone…and this is what AMZN is going after!
Stocks of companies like CVS, Walgreens, Rite aid got smashed on the announcement.
If you think that your company or your industry is protected from the major tech companies, think again!
Read more about Amazon’s pharmacy business HERE.
Wish files to go public
100M Active monthly Users, $1.75Bln revenue in 2020! That’s Wish numbers year to date…So, even if you never heard of this marketplace or you are not one of their customers yet, they are huge and they focused on the discounted segment.
With the COVID19 boosting sales at Wish (also losses…), it’s probably the right time to go to IPO!
Check out the news about Wish’s IPO HERE.
Shopify Partners With China’s Alipay
Shopify continues to build strategic partnerships to allow their merchants to have the best ecosystem possible. This deal between Shopify & Alipay payment gateway will allow the US merchants to accept payments from customers based in China and other Asian markets. This is good news for Alipay to extend internationally and a true win-win for both companies!
Did you know? Shopify US-based businesses grabbed more than $5.4 billion in sales during Singles Day Festival!!
Learn more about Shopify’s partnership with Alipay HERE.
Target crushes estimates as retailer uses new shopper habits to gain market share
I’ve been saying this for years! Which company is doing the best job in omnichannel transformation? TARGET!!!
Another great quarter for the company! Digital sales grew by 155%! Stock has gained 30% so far this year, too late to buy? I don’t think so! I believe the company will have a fantastic Q4 and still a lot of potential to grow….!
Dive deeper into Target’s earnings HERE.
Missguided announces “locker takeover!
COVID have changed our shopping habits! some more than others but we are on the same boat! One of this change is the obvious rise of e-commerce, this exponential growth in the last months has also accelerated alternative methods for shopping and delivery. Parcel Lockers solutions are one of the best examples of solutions which have gained a lot of traction. This solution allows companies to be more effective (Cost & Time) and offers ultimate convenience for consumers (No contact, safer, you pick up your item whenever you want)….This partnership between misguided & Inpost is a great marketing move and a great way to increase the use of more sustainable solutions for e-commerce deliveries.
Read more about the locker takeover HERE.
Ahold Delhaize to Acquire FreshDirect
Ahold Delhaize will acquire FreshDirect, an online grocer based in New York City. This acquisition from AD is showing a strong interest from the giant grocery chain into the exploding online grocery. As Amazon, Instacart, Doordash continue their push in online grocery, you will see more and more acquisitions!
Check out the news on the acquisition HERE.
StartUp Of the Week:
SellerX raises $118M to buy up and grow Amazon marketplace businesses
The business of growing businesses is a huge business!! SellerX has just closed a round of $118 million that it plans to use to help scale & grow smaller enterprises that use Fulfillment by Amazon for payments, logistics and delivery.
As Amazon is booming, merchants are booming too !!! and that’s where the opportunity is!
SellerX is not alone! Multiple players in this space raised a huge amount of money YTD, Heyday announced a round of $175 million, Heroes announced a $65 million round, Perch raised $123 million last month, Thrasio was valued at $1.25 earlier this year…
Read more on SellerX’s story HERE.
E-commerce Related Earnings to watch
Mon: Baozun Inc
Tue: Best Buy, Dicks Sporting Goods, Gap
Nabil Malouli is VP, Global E-commerce for DHL Supply Chain where he leads the innovation, strategy and product development of its e-commerce fulfilment and last-mile solutions.
Photo credit @ Yinan Chen/ Wikimedia Commons