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How Amazon's latest ventures can help maintain bumper Q1 growth

Published by Business Insider on Mon, 03 May 2021


<bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>In Q1, Amazon's global online store net sales climbed 41% year-over-year (YoY) on an F/X-neutral basis to reach $52.901 billion, <a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9zMi5xNGNkbi5jb20vMjk5Mjg3MTI2L2ZpbGVzL2RvY19maW5hbmNpYWxzLzIwMjEvcTEvQW1hem9uLVExLTIwMjEtRWFybmluZ3MtUmVsZWFzZS5wZGY/5d233c18f730436f2414784fB5b5f8f78" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9zMi5xNGNkbi5jb20vMjk5Mjg3MTI2L2ZpbGVzL2RvY19maW5hbmNpYWxzLzIwMjEvcTEvQW1hem9uLVExLTIwMjEtRWFybmluZ3MtUmVsZWFzZS5wZGY/5d233c18f730436f2414784fB5b5f8f78&amp;source=gmail&amp;ust=1620129895537000&amp;usg=AFQjCNF5Q5eWhiGj8bq6k7F1cQc0I8DN3g"><u>per</u></a>&nbsp;its earnings release, an acceleration from the same period last yearwhen sales rose&nbsp;<a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9zMi5xNGNkbi5jb20vMjk5Mjg3MTI2L2ZpbGVzL2RvY19maW5hbmNpYWxzLzIwMjAvUTEvQU1aTi1RMS0yMDIwLUVhcm5pbmdzLVJlbGVhc2UucGRm/5d233c18f730436f2414784fB68835549" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9zMi5xNGNkbi5jb20vMjk5Mjg3MTI2L2ZpbGVzL2RvY19maW5hbmNpYWxzLzIwMjAvUTEvQU1aTi1RMS0yMDIwLUVhcm5pbmdzLVJlbGVhc2UucGRm/5d233c18f730436f2414784fB68835549&amp;source=gmail&amp;ust=1620129895537000&amp;usg=AFQjCNG9EkP-nV5umpTFLqs8PTn41kCHJQ"><u>25%</u></a>thanks to the pandemic-driven&nbsp;<a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9jb250ZW50LW5hMS5lbWFya2V0ZXIuY29tL2dsb2JhbC1lY29tbWVyY2UtdXBkYXRlLTIwMjE/5d233c18f730436f2414784fBeac55364" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9jb250ZW50LW5hMS5lbWFya2V0ZXIuY29tL2dsb2JhbC1lY29tbWVyY2UtdXBkYXRlLTIwMjE/5d233c18f730436f2414784fBeac55364&amp;source=gmail&amp;ust=1620129895537000&amp;usg=AFQjCNG8e9a8XtJhacnSRghaBWEcRBVOEw"><u>surge</u></a> in ecommerce.</p><p><img style="float:right;" src="https://static2.businessinsider.com/image/608ff38534af8d001859a7dd-2298/Amazon global online store net sales.png" border="0" alt="Amazon global online store net sales" data-mce-source="Insider Intelligence"></p><p>Meanwhile, revenues for the etailer's international segment jumped 50% YoY as a result of stringent pandemic restrictions and lockdowns, particularly in the UK, <a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly93d3cuZm9vbC5jb20vZWFybmluZ3MvY2FsbC10cmFuc2NyaXB0cy8yMDIxLzA0LzI5L2FtYXpvbi1hbXpuLXExLTIwMjEtZWFybmluZ3MtY2FsbC10cmFuc2NyaXB0Lw/5d233c18f730436f2414784fB231264f2" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly93d3cuZm9vbC5jb20vZWFybmluZ3MvY2FsbC10cmFuc2NyaXB0cy8yMDIxLzA0LzI5L2FtYXpvbi1hbXpuLXExLTIwMjEtZWFybmluZ3MtY2FsbC10cmFuc2NyaXB0Lw/5d233c18f730436f2414784fB231264f2&amp;source=gmail&amp;ust=1620129895537000&amp;usg=AFQjCNHBPOPHLwtqpBqqB0wMKWWNmXwP9w"><u>per </u></a>Amazon CFO Brian Olsavsky on the company's earnings call.</p><p>The pandemic was a tailwind for Amazon's online retail business as consumers flocked to ecommerce. The etailer closed out 2020 with a whopping $318.41 billion in US ecommerce sales, <a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9mb3JlY2FzdHMtbmExLmVtYXJrZXRlci5jb20vNTkxMWVlYjVhZWI4ODMwZTM4MjllMjg1LzViMmMxYWJmODFmMjZhMGNhY2MwMTZiMg/5d233c18f730436f2414784fB40c26762" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9mb3JlY2FzdHMtbmExLmVtYXJrZXRlci5jb20vNTkxMWVlYjVhZWI4ODMwZTM4MjllMjg1LzViMmMxYWJmODFmMjZhMGNhY2MwMTZiMg/5d233c18f730436f2414784fB40c26762&amp;source=gmail&amp;ust=1620129895537000&amp;usg=AFQjCNGkvHnl73FjV9vsHhc1UCAidKYxvA"><u>according to </u></a>eMarketer forecasts from Insider Intelligence.</p><p>And even with the COVID-19 vaccine <a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vaW50ZXJhY3RpdmUvMjAyMC91cy9jb3ZpZC0xOS12YWNjaW5lLWRvc2VzLmh0bWw/5d233c18f730436f2414784fBb5171ccc" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vaW50ZXJhY3RpdmUvMjAyMC91cy9jb3ZpZC0xOS12YWNjaW5lLWRvc2VzLmh0bWw/5d233c18f730436f2414784fBb5171ccc&amp;source=gmail&amp;ust=1620129895537000&amp;usg=AFQjCNGpLwNUiyk0JGe5sCDwBcjRQmvniw"><u>rollout </u></a>helping make in-store retail safe again, consumers likely maintained their pandemic-driven shopping habits in the early part of 2021, helping boost Amazon's ecommerce business in Q1.</p><p>Amazon's recent initiatives should help it ride the growth wave:</p><ul><li>Olsavsky said the company is investing heavily in last-mile delivery efforts, which is in line with recent moves from the etailer.&nbsp;Amazon recently started&nbsp;<a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9jb250ZW50LW5hMS5lbWFya2V0ZXIuY29tL2FtYXpvbi1leWVzLW1hbGxzLWV4cGFuZC1kaXN0cmlidXRpb24tbmV0d29yaw/5d233c18f730436f2414784fB2cf57e37" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9jb250ZW50LW5hMS5lbWFya2V0ZXIuY29tL2FtYXpvbi1leWVzLW1hbGxzLWV4cGFuZC1kaXN0cmlidXRpb24tbmV0d29yaw/5d233c18f730436f2414784fB2cf57e37&amp;source=gmail&amp;ust=1620129895538000&amp;usg=AFQjCNG_LYSv1pKfiHkWWjrCLuzRABkCGw"><u>buying</u></a> up well-located US shopping malls to convert them into fulfillment centers, and it's also ramped up other initiatives, like Amazon Key, its in-home delivery serviceAmazon just <a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9jb250ZW50LW5hMS5lbWFya2V0ZXIuY29tL2FtYXpvbi1leHBhbmRzLWluLWdhcmFnZS1ncm9jZXJ5LWRlbGl2ZXJ5LXNlcnZpY2U/5d233c18f730436f2414784fB6d0b47cc" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9jb250ZW50LW5hMS5lbWFya2V0ZXIuY29tL2FtYXpvbi1leHBhbmRzLWluLWdhcmFnZS1ncm9jZXJ5LWRlbGl2ZXJ5LXNlcnZpY2U/5d233c18f730436f2414784fB6d0b47cc&amp;source=gmail&amp;ust=1620129895538000&amp;usg=AFQjCNHQhWBtkSolH4NpyoqGAm_cBBpH6Q"><u>announced </u></a>the full rollout of in-garage grocery delivery service for US Prime members. These efforts can improve Amazon's delivery capabilities to fend off competitors like Walmart and Target.</li><li>It's also tapping into the growing grocery sector with the expansion of its Fresh and Go stores.&nbsp;The etailer noted that it now has 15 Amazon Fresh stores globally, and it has&nbsp;<a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly93d3cuc3VwZXJtYXJrZXRuZXdzLmNvbS9yZXRhaWwtZmluYW5jaWFsL3JlcG9ydC1hbWF6b24taGFzLTI4LW1vcmUtYW1hem9uLWZyZXNoLXN0b3Jlcy13b3Jrcw/5d233c18f730436f2414784fB2a406822" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly93d3cuc3VwZXJtYXJrZXRuZXdzLmNvbS9yZXRhaWwtZmluYW5jaWFsL3JlcG9ydC1hbWF6b24taGFzLTI4LW1vcmUtYW1hem9uLWZyZXNoLXN0b3Jlcy13b3Jrcw/5d233c18f730436f2414784fB2a406822&amp;source=gmail&amp;ust=1620129895538000&amp;usg=AFQjCNFWSENlvfRRFkjQ1azjacw6Y4mM3Q"><u>many more</u></a>&nbsp;in the works in the US. By comparison, the expansion of&nbsp;<a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly93d3cuYW1hem9uLmNvbS9iP2llPVVURjgmbm9kZT0yMDkzMTM4ODAxMQ/5d233c18f730436f2414784fBc23393ca" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly93d3cuYW1hem9uLmNvbS9iP2llPVVURjgmbm9kZT0yMDkzMTM4ODAxMQ/5d233c18f730436f2414784fBc23393ca&amp;source=gmail&amp;ust=1620129895538000&amp;usg=AFQjCNH_rSRfEaiqNuLeVNlwDkklVGy_VQ"><u>Amazon Go grocery</u></a> storeswhich are generally smaller than Fresh stores and offer cashierless checkout technologylooks to be in its early stages, but the etailer has at least two more <a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly93d3cubmJjd2FzaGluZ3Rvbi5jb20vbmV3cy9jb25zdW1lci9hbWF6b24tYnJpbmdpbmctbmV3LWNvbmNlcHQtZ3JvY2VyeS1zdG9yZXMtdG8tZGMtYXJlYS8yNTAxNTUzLw/5d233c18f730436f2414784fB44e62369" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly93d3cubmJjd2FzaGluZ3Rvbi5jb20vbmV3cy9jb25zdW1lci9hbWF6b24tYnJpbmdpbmctbmV3LWNvbmNlcHQtZ3JvY2VyeS1zdG9yZXMtdG8tZGMtYXJlYS8yNTAxNTUzLw/5d233c18f730436f2414784fB44e62369&amp;source=gmail&amp;ust=1620129895538000&amp;usg=AFQjCNHv5rE4CqDTmmTiCfBkghmK8nXC1g"><u>slated</u></a>&nbsp;to open in the US. Amazon's grocery ambitions can help it capture a lucrative stake in the&nbsp;<a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9mb3JlY2FzdHMtbmExLmVtYXJrZXRlci5jb20vNWVjNTkwZjYxYmVlYjkxMTc0YmVjY2E1LzVmODc0NTlmYzNjZGE1MGYyNGM5NDJjMQ/5d233c18f730436f2414784fB21646b39" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9mb3JlY2FzdHMtbmExLmVtYXJrZXRlci5jb20vNWVjNTkwZjYxYmVlYjkxMTc0YmVjY2E1LzVmODc0NTlmYzNjZGE1MGYyNGM5NDJjMQ/5d233c18f730436f2414784fB21646b39&amp;source=gmail&amp;ust=1620129895538000&amp;usg=AFQjCNGboaJp-CaLtE4H4SCDaLjmOCvYRw"><u>$1.328 trillion</u></a>&nbsp;US sector.</li><li>And it's building out its technology licensing business.&nbsp;Beyond its consumer-facing businesses, Amazon has been focusing on developing its business technology solutions in the hopes of opening up another revenue stream. It just expanded Just Walk Out, its autonomous checkout solution, as well as Amazon One, its hand-scanning payments tech,&nbsp;<a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9jb250ZW50LW5hMS5lbWFya2V0ZXIuY29tL3NlYXR0bGUtd2hvbGUtZm9vZHMtc3RvcmVzLXdpbGwtc29vbi1mZWF0dXJlLWFtYXpvbi1zLWhhbmQtc2Nhbm5pbmctcGF5bWVudHMtdGVjaA/5d233c18f730436f2414784fB33c7c4b4" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9jb250ZW50LW5hMS5lbWFya2V0ZXIuY29tL3NlYXR0bGUtd2hvbGUtZm9vZHMtc3RvcmVzLXdpbGwtc29vbi1mZWF0dXJlLWFtYXpvbi1zLWhhbmQtc2Nhbm5pbmctcGF5bWVudHMtdGVjaA/5d233c18f730436f2414784fB33c7c4b4&amp;source=gmail&amp;ust=1620129895538000&amp;usg=AFQjCNGKYmMsF6_QauZXwlv2GZdWRaxUSw"><u>into more</u></a>&nbsp;of its storeslikely to help market them to retailers. And it recently&nbsp;<a href="https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9jb250ZW50LW5hMS5lbWFya2V0ZXIuY29tL2FtYXpvbi1zZXQtb3Blbi1sb25kb24taGFpci1zYWxvbi10ZXN0aW5nLWdyb3VuZC1idXNpbmVzcy10ZWNobm9sb2dpZXM/5d233c18f730436f2414784fBcce44a0b" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url'q=https://e.insiderintelligence.com/click/23708222.4/aHR0cHM6Ly9jb250ZW50LW5hMS5lbWFya2V0ZXIuY29tL2FtYXpvbi1zZXQtb3Blbi1sb25kb24taGFpci1zYWxvbi10ZXN0aW5nLWdyb3VuZC1idXNpbmVzcy10ZWNobm9sb2dpZXM/5d233c18f730436f2414784fBcce44a0b&amp;source=gmail&amp;ust=1620129895538000&amp;usg=AFQjCNHJfbcaL6ADHulX6aWOg9E523YNzQ"><u>opened</u></a>&nbsp;a hair salon featuring AR-powered tech and other next-generation technology that it could license out as well.</li></ul><p><strong><em>Want to read more stories like this one' Here's how you can gain access:</em></strong></p><ol><li>Join other Insider Intelligence clients who receive Payments &amp; Commerce forecasts, briefings, charts, and research reports to their inboxes each day. <a href="https://www.insiderintelligence.com/become-a-client/'IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_postr&amp;itm_content=bottom_bullets&amp;itm_term=enterprise_text_link-amazon-recent-ventures-can-help-maintain-q1-growth-2021-5">&gt;&gt;&nbsp;<strong>Become a Client</strong></a></li><li>Explore related topics more in depth. <a href="https://store.businessinsider.com/collections/payments-commerce'IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_post&amp;itm_content=bottom_bullets&amp;itm_term=store_text_link-amazon-recent-ventures-can-help-maintain-q1-growth-2021-5">&gt;&gt;&nbsp;<strong>Browse Our Coverage</strong></a></li></ol><p><em>Current subscribers can access the entire Insider Intelligence content archive <a href="https://subscriptions.emarketer.com/">here</a>.</em></p><p><a href="https://www.businessinsider.com/amazon-recent-ventures-can-help-maintain-q1-growth-2021-5#comments">Join the conversation about this story &#187;</a></p>
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