Supermarket Seeks to Regain Market Share Amidst Competition
- Waitrose in talks with Amazon for potential grocery deal
- Market share dipped from 5.1% to 4.6% since 2020
- Previous partnerships with Deliveroo and Uber Eats
- Amazon’s ‘fresh’ store model already includes Co-op and Morrisons
Waitrose is reportedly in talks with Amazon to sell groceries on the platform, aiming to regain market share lost to discount retailers. The supermarket’s market share dropped from 5.1% to 4.6% since 2020, according to Kantar data. Previous partnerships include Deliveroo and Uber Eats, while Amazon has expanded its ‘fresh’ store model with Co-op and Morrisons. No comments have been made by either company.
Factuality Level: 8
Factuality Justification: The article provides relevant information about Waitrose considering selling groceries on the Amazon platform, mentions recent partnerships with Deliveroo and Uber Eats, and includes industry data from Kantar to support the claim of market share decline. It also briefly discusses Amazon’s ‘fresh’ store model. However, it lacks some details about the specifics of the potential deal and doesn’t provide direct quotes or more in-depth analysis.
Noise Level: 4
Noise Justification: The article provides relevant information about Waitrose considering a partnership with Amazon to sell groceries on the platform in an attempt to regain market share and mentions recent partnerships with Deliveroo and Uber Eats. However, it lacks in-depth analysis or exploration of long-term trends or consequences of these decisions.
Financial Relevance: Yes
Financial Markets Impacted: Waitrose, Amazon, Ocado, Iceland, Co-op, Morrisons
Financial Rating Justification: The article discusses business partnerships and market share in the grocery industry, which has financial relevance as it involves companies in the retail sector. The potential deal between Waitrose and Amazon could impact their respective financial performances and the overall competition within the market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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