Amazon.com, Inc. has launched AmazonFresh, the retailer’s food delivery service, in London on Thursday. The move is part of the company’s efforts to expand into Britain’s online market, which is anticipated to nearly double to $25 billion in the five years to 2020, Fortune reported. Starting Thursday, AmazonFresh will be available in parts of London. Customers in 69 central and east London postcodes will be able to order full weekly grocery at competitive prices. The company is expected to expand the service in other parts of the city in the coming days. The grocery delivery is available to Amazon Prime members, who can make a selection from over 130,000 products including Britain’s best brands and local food products. The new services allows customers to can order fresh fruit and vegetables, meat, seafood, baked goods, dairy and more.
The online retailer said that its one-hour delivery slots are available from 7am to 11pm, seven days a week.
“The bar in grocery retailing is exceptionally high. The supermarkets and grocers are amongst the very best retailers in the world,” AmazonFresh Vice President Ajay Kavan said in a statement. “We believe that the key to the long term success of AmazonFresh is to bring together the low prices, vast selection, fast delivery options and customer experience that Amazon customers know and love.”
New Tech Center in Minneapolis
The online retailer also announced that it plans to open a new technology development center in downtown Minneapolis.
The Minneapolis office will create 100 full-time high-tech jobs. The company will hire software development engineers and managers to develop solutions that enhance its operations.
The online retailer currently has hundreds of employees in Minnesota. The company will hire an additional 1,000 full-time employees for its new fulfillment center in Shakopee, Minnesota.
Amazon Winning Online Shopping War
A new report finds that Amazon is beating Wal-Mart Stores Inc. (NYSE:WMT) in one key area: online shopping. Financial research firm Mizuho released the results of a new survey Tuesday, revealing that Amazon users spend an average of $157 per month, up from $130 in November 2015. On the other hand, Wal-Mart users spend about $27 a month on average, down from $30 in the same time period. Two-thirds of the survey respondents said Amazon is their top mobile shopping website. This is up from 61% late last year. While Wal-Mart garnered 23% support.
Amazon.com, Inc. is slaughtering Wal-Mart when it comes to overall sales. The Jeff Bezos behemoth reported $99.1 billion in online sales during the fiscal year 2015. Wal-Mart’s online sales were a tepid $13.7 billion.
$3 Billion Investment In India
Amazon.com, Inc. sees “huge potential in the Indian economy.” The firm is planning to invest $3 billion in the country, where it plans to bring more people to online business. The new investment was announced by Amazon CEO Jeff Bezos at a summit in Washington, which was attended by Indian Prime Minister Narendra Modi. The online retailer announced a $2 billion investment two years ago, and it employees more than 40,000 people in the country. Bezos said that Amazon performance is “surpassing even our most ambitious planned milestones” in India.