Kroger has signed a multi-billion dollar agreement with ecommerce company Amazon.com to enable customers to shop on its ecommerce platform and pay online.
Kroger said it has signed an agreement with Amazon to provide ecommerce services in partnership with the retailer’s ecommerce operations.
In an exclusive interview with The Hindu, the company said it will launch a new ecommerce service in India.
Amazon is a company with a large presence in the Indian market and a long track record of making money from its eCommerce business model.
It is expected to make a lot of money from this business model, according to Kroger Chief Executive Officer Robert R. Johnson.
“Amazon is one of the largest players in the global eCommerce market and its customers are increasingly finding a way to pay online, and that is what we are working to do,” he said.
“In our eCommerce platform, customers can shop, pay online or pay at our brick-and-mortar stores and we want to bring ecommerce to all our customers.”
The retailer has a huge portfolio of ecommerce products.
The ecommerce segment is estimated to be worth $13 billion globally, which is more than $1.2 trillion globally.
“The fact that Amazon can deliver a service and then earn money through it is very exciting,” Johnson said.
Kroger has an extensive portfolio of online stores, and the ecommerce business has been profitable for more than 30 years.
The retailer’s portfolio includes products from fashion, electronics, home goods and home appliances.
Krogers largest ecommerce store, Kroger Home, has more than 3,000 stores in 15 countries and is a leading source of revenue for the retailer.
Krogards largest grocery store, CVS, is also a significant source of its e-commerce revenue.
“Our business model is that we are selling e-grocery products.
We are selling everything from groceries to diapers to diapers,” Johnson added.
“We are a very good seller in the grocery business.
We have an online store as well.
Kroogers store is the second largest online store in the world.”
Johnson said that Kroger and Amazon are developing a “shared marketplace” for ecommerce.
The company is working with Amazon on a range of projects including building its own ecommerce infrastructure, and developing an ecommerce app to compete with its own online business.
Amazon’s eCommerce service is expected not to be the last time that Kroggers ecommerce customers will shop online.
The supermarket is expected, in time, to offer a variety of e-store services, including delivery, grocery delivery and logistics, among others.
Krogmarts first online grocery store opened in November 2018 in India and will open another one in 2020 in South Africa.
Krogs e-stores in Europe have already been fully operational since early this year.