South Africa to Allow Exporter Collaboration as Tariffs Kick In
The regulations, which the Department of Trade, Industry and Competition published for public comment on Tuesday, will stay in place for five years, it said.
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Yahoo
24 minutes ago
- Yahoo
Amazon could seize market share and drive down fees with its latest grocery bet
Amazon (AMZN)'s next big bet on groceries could fortify its dominance in online retail. The company said on Wednesday that adding groceries to your same-day delivery order is now available in 1,000 cities, with the goal of reaching 2,300 cities by the end of 2025. "We believe the expansion of Same-Day delivery for fresh perishable groceries will support Amazon's continued share gains across US e-commerce despite increased competition," JPMorgan analyst Doug Anmuth wrote in a new note. His team reiterated the stock as its "Best Idea" and maintained a $265 price target. This expansion targets a substantial growth opportunity, as groceries account for 43% of US retail sales, with only 15% currently sold online, according to JPMorgan. Amazon's latest move allows customers to order food alongside other same-day items like electronics and household essentials. It also offers groceries through Amazon Fresh and Whole Foods. According to JPMorgan, Amazon's grocery business surpassed $100 billion in gross merchandise value last year, making up around 20% of its US GMV. Amazon's move initially sent shockwaves through the sector, with shares of Walmart (WMT), Costco (COST), Kroger (KR), Albertsons (ACI), and BJ's Wholesale Club (BJ) all slipping in the single digits on Wednesday. The stocks were in the green on Thursday morning. Delivery players like DoorDash (DASH) and Instacart's parent, Maplebear (CART), fell 4% and 11%, respectively, and dropped again on Thursday. Meanwhile, Amazon's stock has gained 3.5% since the announcement. JPMorgan said Amazon's grocery blitz could significantly widen its lead in US e-commerce. The strategy may build strong Prime appeal, drive higher purchase frequency, increase ad revenue, and pressure legacy grocers to rethink pricing and delivery fees. The firm notes that Amazon has been cutting costs by building out same-day facilities, placing inventory closer to customers, and deploying more robotics and automation. These efficiencies, combined with Amazon's pricing and scale advantages, could allow the company to grow its grocery business without the profit drag typically associated with fresh food delivery. More grocery customers also means more opportunities for Amazon to sell ads — a business that grew 22% year over year in Q2. As more brands fight for visibility on Amazon's platforms, JPMorgan expects advertising revenue to rise further. In a separate note, Evercore analyst Michael Montani said the move could push mass players such as Kroger and Albertsons to change their delivery strategies, potentially reducing or eliminating fees over time. "Membership programs like Kroger Boost and Albertsons FreshPass take on an ever more important function for driving loyalty and eliminating delivery fees," Montani noted. "We see a parallel to what happened to the traditional curbside pickup fee 3-5 years ago, namely it went away." Analysts say the latest expansion represents Amazon's most aggressive play for groceries. Earlier this year, Amazon announced a $4 billion investment through 2026 to increase its rural delivery footprint to reach 4,000 rural US locations. Francisco Velasquez is a Reporter at Yahoo Finance. He can be reached on LinkedIn and X, or via email at Click here for all of the latest retail stock news and events to better inform your investing strategy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
QuidelOrtho launches certified analyser programme for rural health facilities
QuidelOrtho has launched a Certified Analyzer Program, aimed at increasing the availability of diagnostic testing in rural and community hospitals throughout the US. The initiative targets clinics, physician office laboratories, and smaller hospitals with a capacity of less than 100 beds. The program includes certified VITROS analysers, which are said to provide 'proven reliability and quality results'. Each analyser is subjected to a detailed certification process at QuidelOrtho's facility in Rochester, which involves more than 140 system checks, functional adjustments, hardware maintenance or replacement, and thorough performance evaluations. This certification ensures that the analysers conform to QuidelOrtho's quality and performance benchmarks, and each unit is supported by a 12-month warranty for service and support. The programme features the certified VITROS XT 7600 and 5600 Integrated Systems, along with the VITROS 3600 Immunodiagnostic System. These systems enable community laboratories to perform general chemistry tests, immunoassays, and drug screenings. QuidelOrtho North America senior vice-president Audra Jones said: 'Our mission is rooted in equipping our customers so they can deliver diagnostic excellence to patients. 'By repurposing and rigorously certifying high-performing analysers, we aim to expand access to reliable diagnostic technology for healthcare facilities that play a critical role in their communities. 'We're proud to support healthcare providers who are the backbone of their communities, backed by our award-winning service and top-ranked customer satisfaction. 'This programme isn't just about affordability; it's designed to improve accessibility and access of diagnostic solutions for healthcare providers in underserved communities.' "QuidelOrtho launches certified analyser programme for rural health facilities" was originally created and published by Hospital Management, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Android Authority
25 minutes ago
- Android Authority
Finding the best deals on Google Flights is about to get a little easier
Google TL;DR A new search tool called 'Flight Deals' is coming to Google Flights. By describing when, where, and how you want to travel, the tool will find the best bargains available that meet your criteria. The feature will launch in beta over the next week in the US, Canada, and India. Finding the best deals for flights can take a lot of time. You have to figure out where you want to go, the best dates to fly, how you want to fly, and so on. Google wants to streamline this process with its new AI-powered search tool within Google Flights. Don't want to miss the best from Android Authority? Set us as a preferred source in Google Search to support us and make sure you never miss our latest exclusive reports, expert analysis, and much more. The tech giant has announced it will roll out a new AI-powered feature for Google Flights called 'Flight Deals.' According to the company, this tool is designed for travelers whose primary goal is to save money. How does the tool accomplish this? It allows the user to describe when, where, and how they want to travel. Flight Deals then taps into real-time Google Flights data to identify the best deals that match the criteria you set. Google For example, you could type 'week-long trip this winter to a city with great food, nonstop only' into the search bar. Another example prompt Google shared was '10 day ski trip to a world-class resort with fresh powder.' The Flight Deals page would then populate with suggestions on destinations and flights you may be interested in. The new tool isn't out yet, but Google says it will roll out to the US, Canada, and India over the next week. Google mentions that when Flight Deals launches, they'll be looking for feedback as the tool will be in beta. You'll be able to access Flight Deals by going directly to the page or by going to the top-left menu on Google Flights. Follow
