Amazon kills its Dash buttons and QLD announces a half-day holiday on Christmas. Get a healthy dose of news as we uncover the day’s top stories in E-commerce.
Amazon to Kill the Dash Button
Amazon is switching off access to its physical ‘Dash’ buttons. The Dash button was a physical button that customers could place inside their pantries and allowed them to instantly re-purchase items from Amazon by pressing the button, such as laundry detergent and nappies. These buttons are set to be phased out Amazon confirmed and replaced with an online version. The E-commerce giant stopped selling the buttons earlier in 2019. The new version of the Dash button has the same premise, allowing the customer to make an order on items that require frequent purchases. The buttons can be organised on the Amazon app on a ‘shelf’, mimicking the original concept. Dash buttons will not be available for use after August 31st.
Lovehoney Announces New CEO
Online retailer, Lovehoney, has announced that Sarah Warby will take a new role as CEO. This comes off Ms Warby’s previous experience as CMO of Sainsbury’s. Lovehoney was founded in 2002 by Richard Longhurst and DJ Neal Slateford to ‘normalise sex toys’, and has since experienced growth revenues of $178 million. In 2018, Lovehoney was acquired by Telemos Capital. “Lovehoney is a company with an enviable brand reputation both in the industry and with its customers. I’m excited to be part of the next chapter of this amazing growth story and believe we can fulfil Lovehoney’s ambitions for global category leadership. I’m looking forward to joining and getting to know the many talented people that have helped Lovehoney achieve its impressive growth so far,” Ms Warby said. Sarah Warby will join as CEO of Lovehoney on September 16th.
NRA Announces Concerns Over QLD Christmas Eve Holiday
Those who work on Christmas Eve may get penalty rates, in a new statement released by Queensland State Government. The State Government wishes to make Christmas Eve a part-public holiday, ensuring they get ‘proper compensation’ for being away from their families. “It would ensure workers have the right to have Christmas Eve off as a public holiday just as they do for Christmas Day,” explained Premier Annastacia Palaszczuk. The NRA (National Retail Association) has voiced its concerns about the effect the penalty rates will have on small businesses. “This announcement has really come from nowhere and flies in the face of a recommendation in the most recent report into trading hours, compiled by former Labor Minister John Mickel,” NRA’s CEO, Dominique Lamb, explained. “There are numerous consequences that could flow from this, none of which are good. Small retailers may opt to pass on the extra costs via higher prices that hurt consumers, or some may decide to simply not open due to it being uneconomical. The Government has opened a consultation period, but we’re sceptical of how genuine this is given how strongly they’ve already nailed their colours to the mast. The retailers who will be hurt most by this are not large multi-nationals, but mum-and-dad small business owners who work ridiculous hours just to make ends meet. These small retail outlets also rely on the Christmas trade period to support their operation during more lean times of the year. We strongly urge Minister Grace to reconsider this announcement and listen to the concerns of small business.”
Naked Wines Acquired by US Investment Firm, Fortress
UK wine specialist, Majestic Wines, has been acquired by US investment company, Fortress, for $169 million. The purchase includes all Majestic Wines brick and mortar, online, headquarters and its division in France. Majestic Wines acquired Naked Wines in 2015, and the sale allows the former to pull focus on the beverage subscription service. “I am delighted that we have managed to secure an independent future for both Naked and Majestic Retail and Commercial, allowing both companies to pursue growth by focusing on their unique propositions,” explained Rowan Gormley, CEO of Majestic Wines. “I would like to thank all staff, customers and suppliers for their loyalty during this process. We look forward to the future and continuing to focus on what we do best… sharing our spectacular wines from our hundreds of talented winemakers with our customers!”
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