'Amazon Reaps $11,000-a-Second Coronavirus Lockdown Bonanza'
In the News
Unlike Tesco, which is set to lose money during the outbreak, Amazon is raking it in - its share price surging by more than a third inside a month, its customers spending almost $11,000 a second on its products and services, and its owner, Jeff Bezos, reinforcing his position as the world’s richest person with a fortune of $138bn.
I'll certainly sleep easier knowing Jeff Bezos will be even richer by the end of the year
Seems like Tesco are treating Covid 19 responsibly, paying absent staff and throwing money at creating as many delivery slots as possible.
Amazon sells food at grossly inflated prices and many people seem to be paying those prices out of desperation who don't want to physically visit stores.
You can definitely see the difference in business morality between the two companies.
Stop buying stuff from that site people! It's tempting while bored at home but don't line that man's pockets at the expense of warehouse staff's health.
I only tend to buy food and drink from Amazon when it's priced very low. It's not as common as the high priced stuff, but u can get some good deals there.
MeestairChrees I had a look at the food and was surprised by the fairly average prices. I was wondering where it comes from and whether it's even their warehouses because the whole food thing seems to be separate.
Dennab I think it depends. Their Pantry side of things comes from your local Morrisons. On their standard site where there's less stuff (alcohol, chocolate & sweets mostly), I presume their warehouse?
MeestairChrees That answers it for me really. I was referring to the pantry section and wondered why there was a separate delivery charge but it makes sense now. Thanks.
Dennab although, I'm not sure if I'm confusing it with Amazon Prime Now... I think I've only used them once each.
I went in Tesco today and can confirm they are handling it well. It took me an hour just to get in but it was obvious why with such a small number of people shopping in there.
I don't know about food but not many cans of pop available. I like a cold can on a hot day
I watched a video about the early years of Amazon and how they would have someone representing the customer at every meeting. That person was responsible for asking questions that customers might ask which sounded really positive but then later it turned out they had a far darker attitude towards their suppliers and it was clear they viewed customers as pretty much cattle with wallets to be controlled and exploited. It was a pretty soul-less approach to running a business but you can't argue with the success of it. When their tax evasion, staff exploitation and sheer capitalist greed made them unpopular they would use a marketing charm offensive to regain ground. They target competitors by undercutting or matching their promotional prices which is fair enough but they do it so quickly and efficiently that the competitor achieves very little with their promotion so gets no long term benefit from it.
They do have a bad reputation, but the convenience of shopping with them does mean most online purchasers are willing to overlook the negatives. Amazon have announced they will be giving their warehouse and delivery staff a £2-an-hour pay rise. I'm sure this will be very welcome by staff, but this increase also probably ties into what you wrote about a charm offensive - https://metro.co.uk/2020/04/21/amazon-gives-warehouse-delivery-staff-2-hour-pay-rise-12589428/
I finally caved and ordered two items from Amazon yesterday. I had searched online in other stores but could not find any click/collect or delivery. What has annoyed me is receiving an email confirming my order but stating it is being sent as two separate orders. I cannot use one without the other and I feel it is wrong to not send all items to one address at one time.
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