Post by account_disabled on Mar 12, 2024 1:30:23 GMT -5
Amazon revolutionized the way consumers shop online. Nobody disputes it. Now, with the arrival of its food purchasing service, the retailer is beginning to look like a threat to giants that have established themselves in the offline model. Walmart, for example.
Seeing itself threatened, the retailer has pressured some of its suppliers to remove their products from the digital platform. He did not expect that the issue would become public, evidencing a practice evidently aimed at monopolizing the market.
Thus, in an effort to maintain a strong France Mobile Number List relationship with its suppliers and a huge market share, Walmart has put a much more valuable asset at risk. Its reputation as a socially responsible company. Will CEMEFI have anything to say regarding these practices?
Below we transcribe all the information originally reported by Forbes regarding the subject. Take a look, it's worth it.
Walmart in Mexico has penalized food companies that supply groceries to rival Amazon, pressure that has forced some firms to withdraw online products from the world's largest retailer, four sources with knowledge of the matter said.
The tactics come as the two giants battle for supremacy in one of their most important foreign markets, currently dominated by Walmart de México. Latin America's second-largest economy is Walmart Inc's largest overseas market by number of stores.
Last year, Walmart demanded discounts from food companies whose products were at lower prices on Amazon.com Inc's Mexican website, sources said, although suppliers had no say in the Seattle retailer's decision to lower the price. Walmart price.
Two suppliers told Reuters they quickly pulled their brands from Amazon so as not to jeopardize their relationship with Walmart. The companies, which sell common pantry products, said Walmart accounts for more than half of their supermarket sales in Mexico.
Walmart declined to talk about its competition with Amazon in Mexico or allegations with suppliers. The company told Reuters it has no say in who customers can do business with its suppliers, but acknowledged it always pushes for lower prices, particularly if competitors are giving buyers a better deal.
In a recent statement, the company stated that its policy is “not to subsidize losses in some products with profits in others.”
“We can never tell anyone that they cannot sell to someone else,” Ignacio Caride, head of e-commerce at Walmart Mexico, told Reuters. “If we believe there is an opportunity to improve our prices, because we see better prices at other retailers, we will negotiate to access this,” he added.
Amazon declined to comment on the matter.
Walmart is the largest retailer in Mexico, with almost 60% of supermarket sales in the country through more than 2,400 Walmart, Superama, Sam's Club and Bodega Aurrera stores. Its online business in Mexico is growing rapidly, but accounted for just 1.4% of revenue last year.
Seeing itself threatened, the retailer has pressured some of its suppliers to remove their products from the digital platform. He did not expect that the issue would become public, evidencing a practice evidently aimed at monopolizing the market.
Thus, in an effort to maintain a strong France Mobile Number List relationship with its suppliers and a huge market share, Walmart has put a much more valuable asset at risk. Its reputation as a socially responsible company. Will CEMEFI have anything to say regarding these practices?
Below we transcribe all the information originally reported by Forbes regarding the subject. Take a look, it's worth it.
Walmart in Mexico has penalized food companies that supply groceries to rival Amazon, pressure that has forced some firms to withdraw online products from the world's largest retailer, four sources with knowledge of the matter said.
The tactics come as the two giants battle for supremacy in one of their most important foreign markets, currently dominated by Walmart de México. Latin America's second-largest economy is Walmart Inc's largest overseas market by number of stores.
Last year, Walmart demanded discounts from food companies whose products were at lower prices on Amazon.com Inc's Mexican website, sources said, although suppliers had no say in the Seattle retailer's decision to lower the price. Walmart price.
Two suppliers told Reuters they quickly pulled their brands from Amazon so as not to jeopardize their relationship with Walmart. The companies, which sell common pantry products, said Walmart accounts for more than half of their supermarket sales in Mexico.
Walmart declined to talk about its competition with Amazon in Mexico or allegations with suppliers. The company told Reuters it has no say in who customers can do business with its suppliers, but acknowledged it always pushes for lower prices, particularly if competitors are giving buyers a better deal.
In a recent statement, the company stated that its policy is “not to subsidize losses in some products with profits in others.”
“We can never tell anyone that they cannot sell to someone else,” Ignacio Caride, head of e-commerce at Walmart Mexico, told Reuters. “If we believe there is an opportunity to improve our prices, because we see better prices at other retailers, we will negotiate to access this,” he added.
Amazon declined to comment on the matter.
Walmart is the largest retailer in Mexico, with almost 60% of supermarket sales in the country through more than 2,400 Walmart, Superama, Sam's Club and Bodega Aurrera stores. Its online business in Mexico is growing rapidly, but accounted for just 1.4% of revenue last year.