Amazon hire ex-M&S gaffer for clothing launch
A former head of Marks & Spencer’s womenswear business is all set to join Amazon, as the internet behemoth looks to expand. An interesting appointment, seeing as no-one likes M&S clothes, and haven't for ages, but there you go.
Sky News report that Frances Russell, who left M&S in 2015, is going to take up a senior role in Amazon’s fashion business. Looks like Amazon will be launching an own-label product line, too. Again, the supermarkets should be worried, as Amazon continue to muscle in on their areas.
Amazon are also making moves into the food and groceries market, and there's also plans to introduce payments on the never-never as well. With Tesco and the like, being hammered by Aldi and Lidl, Amazon is the last thing they need.
There's also talk of Amazon taking over Ocado. They're really not messing around here, and an own-brand clothing label would see them taking on Asda's George and Tesco's F&F.
The UK's big supermarkets need to starting thinking of how to stay competitive, and fast - while Lidl and Aldi have certain drawbacks for some customers, Amazon have the clout to really crush the competition.