Britain’s second-biggest supermarket chain plans to compete head-on with Amazon (AMZN) by selling third-party products and services. Sainsbury’s (UK:SBRY) shrugged off failed plans to merge with Walmart-owned ASDA (WMT) by announcing the new strategy at its full year results on Wednesday. Chief executive Mike Coupe said the business would look for growth by expanding into wholesale, and using Sainsbury’s online platforms to host products, it doesn’t sell, for third-party partners. Read More...
Sainsbury’s takes on Amazon by selling third-party products
Britain’s second-biggest supermarket chain plans to compete head-on with Amazon (AMZN) by selling third-party products and services. Sainsbury’s (UK:SBRY) shrugged off failed plans to merge with Walmart-owned ASDA (WMT) by announcing the new strategy at its full year results on Wednesday. Chief executive Mike Coupe said the business would look for growth by expanding into wholesale, and using Sainsbury’s online platforms to host products, it doesn’t sell, for third-party partners.
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