• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Amazon opens Cape Town walk-in centre as strives for market-share

by January 16, 2025
written by January 16, 2025

By Nqobile Dludla

CAPE TOWN (Reuters) – U.S. e-commerce giant Amazon.com (NASDAQ:AMZN) opened on Thursday a walk-in centre in South Africa that it says will help its independent sellers attract more customers and expand their businesses, while it also seeks to gain market share.

For Amazon – which is striving to catch up with market-leader Takealot, owned by Naspers – the centre can increase its product range, increasing potential revenue.

“The biggest thing is product breadth for our customers. We just want to have loads of products that people can buy,” Robert Koen, Managing Director of Amazon Sub-Saharan Africa told Reuters after the launch event.

More than 60% of sales in Amazon’s stores globally are from independent sellers – most of which are small- and medium-sized businesses.

Located at Amazon’s head office in Cape Town, the centre offers local sellers a range of services, such as on-the-spot registration to sell on Amazon.co.za, training, product imaging and cataloguing assistance, and shipping and logistics support.

The Seattle retailer launched in South Africa last year May, its first Sub-saharan African country.

Speaking on performance during the holiday season, Koen said: “I think Q4 (fourth quarter) was actually very encouraging. We exceeded all the goals that we set for ourselves.”

He added first-time shoppers were returning to its online store and had given good feedback on the speed of delivery.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Microsoft integrates Copilot AI into 365 suite, raises subscription prices
next post
Microsoft to now include Copilot in Microsoft 365 for consumers

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • A flagging U.S. industry looks for new life in a Philadelphia shipyard

      July 18, 2025
    • Coca-Cola dodges after Trump says soda will switch back to cane sugar

      July 18, 2025
    • Trump says it’s ‘highly unlikely’ he will fire Fed Chair after broaching idea with GOP reps

      July 17, 2025
    • Inflation picks up again in June as tariffs slowly work their way through U.S. economy

      July 16, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (561)
    • Stock (6,426)

    Latest News

    • A flagging U.S. industry looks for new life in a Philadelphia shipyard
    • Coca-Cola dodges after Trump says soda will switch back to cane sugar

    Popular News

    • BMO unit to pay $40.7 million in US SEC settlement over misleading bond sales
    • Eutelsat uses SpaceX rocket to launch first satellites after merger

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy