Friday, October 23, 2020

Amazon Isn't Even Hiding Its Intentions Anymore

10/21/2020 – (gizmodo.com)

Today, Amazon rolled out the “Amazon Shopper Panel” which pays customers for information on where they shop when they’re not shopping on Amazon.com. Panelists submit photos of receipts through the app at least 10 times a month receive $10 in Amazon credit or donate to a charity of their choice. Additional credits will be issued for participating in occasional surveys about certain brands and products. Receipts must come from brick-and-mortar retailers like grocery stores and drug stores or entertainment outlets like movie theaters.

Information shared will be used to helping brands offer better products and making ads more relevant on Amazon. In addition, the data from receipts and surveys may be used to improve product selection in Amazon.com, Whole Foods, and Prime Video.

Amazon is under regulatory scrutiny over scandals tracking consumer purchase data. Wall Street Journal article found that Amazon spent years tracking performance of third-party sellers to use to its advantage by creating competing products under the Amazon private label.

Currently only 4% of US retail sales are transacted through Amazon. But it’s important to note, they are the leader in US retail e-commerce sales with 39% market share. The next closest competitor is Walmart at 5%. Leveraging purchase data through the new panel program will only help to improve this dominating e-commerce market share.



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