“Everything is digital now. Going digital was only a discussion point for many businesses but now it’s the only reality.”
Browsing: Retail and e-commerce
In the midst of the Covid-19 lockdown, supermarket giant Pick n Pay is upping the ante in South Africa’s online retail game by launching a same-day grocery delivery service in partnership with Bottles.
A bad start to the year for stocks? That hasn’t applied to Naspers, as the coronavirus confined hundreds of millions of consumers indoors, driving demand for online services and entertainment.
South Africa’s largest online retailer, Takealot.com, will remain open during the Covid-19 lockdown in South Africa, but will only be able to supply goods deemed essential by the government to customers.
South Africa’s biggest online shopping site, Takealot.com, hopes to keep operating through the three-week Covid-19 lockdown, which starts on Friday.
Amazon.com will hire 100 000 people – and give US workers a $2/hour raise in an effort to meet crushing demand from customers placing online orders for household essentials.
Naspers-controlled Internet investment firm Prosus is leading a $113-million (R1.7-billion) funding round in Swiggy, India’s largest food delivery platform.
Concern about the cost of Amazon’s one-day delivery pledge lingered after a busy holiday period, holding the stock back while shares of rivals including Microsoft, Google and Apple all rallied. That abruptly changed on Thursday.
Uber Technologies will sell Uber Eats in India to local rival Zomato in a $172-million deal, underscoring the ride-hailing giant’s effort to cut back on loss-making operations.
Amazon.com founder Jeff Bezos is likely to be greeted by an unprecedented show of opposition during his short India visit this week, after thousands of small retailers pledged to protest its pricing practices.