Amazon Reveals Scorching India Growth as Walmart Fight Deepens, Walkee Paws Fetches Big Online Sales Growth by Raising Prices and Warehouse Space Could Run out in Canada by the End of 2021
Amazon Reveals Scorching India Growth as Walmart Fight Deepens
Amazon offered a rare peek into the Covid-era growth of its Indian business while it battles Walmart Inc. in its biggest overseas market. The U.S. online giant said it has enabled exports of Indian-made goods worth $3 billion and created over a million local jobs since it began operating in the Asian nation about a decade ago—about $1 billion of that and 300,000 jobs since January 2020 alone. About 250,000 new sellers have joined Amazon.in since and more than 50,000 offline retailers and neighborhood stores are now on the platform, the company’s country chief said. The numbers illustrate the frenetic pace of growth in Indian online retail after the pandemic accelerated buying and selling in segments beyond smartphones and fashion. But Amazon has to contend with Walmart’s Flipkart and homegrown competitor Reliance Industries Ltd. in India, an increasingly important growth market since Amazon’s exit from China about a decade ago. American firms also face tightening regulations, antitrust scrutiny and accusations they’ve elbowed local players aside. “COVID-19 has made businesses realize they need to be more resilient, robust because there’s no notion of only offline or only online anymore,” Amazon India chief Amit Agarwal said in a phone interview on Thursday to discuss the unit’s progress. “The internet is like electricity, everybody will use it.”
What stood out to us? “The internet is like electricity, everybody will use it.” Just don’t regulate it like a utility.
Walkee Paws Fetches Big Online Sales Growth by Raising Prices
Lisa Baronoff started Walkee Paws in 2018 to find a product that was more comfortable than a dog booty and easier for pet owners to put on when the weather turns cold. She launched the online-only business that sells leggings for dogs on WalkeePaws.com. Since its launch, Walkee Paws has grown its online sales about 100% each year. And in Q1 2021, the brand grew about 900% compared with 2020’s Q1 thanks to the prolonged cold weather and its feature on the ABC TV show “Shark Tank” in February. “I’d been in the hosiery industry and came up with the idea for dog leggings. It really took off instantly, which was fantastic,” CEO Baronoff says.
What stood out to us? Did Mr. Wonderful try on a pair?
Warehouse Space Could Run out in Canada by the End of 2021
Canada is in danger of running out of warehouse space by the end of the year, thanks to the boom in ecommerce sparked by the pandemic. While a near-record 26.1 million square feet of logistics real estate is under construction, much of it is already leased, according to a report released Tuesday by commercial-property brokerage CBRE Ltd. And with vacancy rates for existing warehouses at historic lows, it soon may become nearly impossible for businesses to find places to store their goods. “There’s a significant amount of industrial space that’s needed just to keep up with the change in behavior toward ecommerce,” said Kyle Hanna, executive vice president of CBRE’s industrial and logistics business. “By the later part of this year, we won’t have space for anyone to go into.”
What stood out to us? We want our hockey supplies delivered within two days!
Before you go
A distribution executive views what’s ahead online.
Warehouse space could run out in Canada by the end of 2021.
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