Amazon pulls online wine arm

Amazon has built its reputation as the place to find everything. Wine suppliers pay fees to Amazon to sell through Amazon Wine, while Amazon also acts as a retailer of wine through Whole Foods and increasingly other services, like Prime Now.

Amazon has confirmed it is closing down its dedicated online wine arm - Amazon Wine, after just five years.

But, in an email to Amazon Wine sellers, which has been widely reported by media outlets, the company stated that 'as Amazon continues to offer customers additional retail options for buying wine, we will no longer offer a marketplace for wine at this time, and Amazon Wine will close on December 31st, 2017′.

It is thought that Amazon was forced to kill Amazon Wine after its recent acquisition of Whole Foods Market, including Whole Foods' wine business.

Launched in November 2012, Amazon Wine allows wineries to list their wares on the mega-retailer's online platform for a fee, and then ship wines directly to consumers themselves.

Under existing laws, it's hard for Amazon to both sell its own wine and sell and advertise wine from third parties.

That last statement is important: Even though Amazon Wine is being shut down, this decision shouldn't be misconstrued to mean that Amazon is getting out of the wine business.

Once Amazon acquired Whole Foods earlier this year in a surprise multi-billion dollar deal, this dynamic changed as the retailer inherited bricks-and-mortar stores in multiple U.S. states and countries overseas with existing licenses.

Despite the death of Amazon Wine, Amazon isn't completely exiting the booze business.

Like this


24 October 2017
Colts' Hooker finished for year after tearing ACL, MCL
Hooker was the 15th overall pick in the 2017 National Football League draft for the Colts. Hooker quickly confirmed his season was over via his Twitter account.

24 October 2017
Photographer Terry Richardson dropped by fashion magazines including Vogue and GQ
He has denied these allegations and stated that, he's "considerate and respectful" of his photography subjects. BuzzFeed News has contacted Richardson for comment.

24 October 2017
Investors Buy MGM Resorts International (MGM) on Weakness
After $0.31 actual EPS reported by MGM Resorts International for the previous quarter, Wall Street now forecasts 9.68% EPS growth. In other news, CEO James Murren sold 259,760 shares of the business's stock in a transaction dated Thursday, September 7th.

24 October 2017
Gilead Sciences, Inc. (NASDAQ: GILD)
American Beacon Advisors Inc. bought a new position in shares of Gilead Sciences in the first quarter valued at about $143,000. Gemmer Asset Ltd Llc stated it has 0.03% of its portfolio in Gilead Sciences, Inc . (NASDAQ: GILD ) rating on Tuesday, May 30.

24 October 2017
AT&T extends Time Warner merger deadline
Archford Capital Strategies Llc increased Time Warner Inc New Com New ( TWX ) stake by 1099.56% reported in 2017Q2 SEC filing. The stock of Time Warner Inc (NYSE: TWX ) has "Sector Perform" rating given on Monday, October 24 by RBC Capital Markets.

24 October 2017
Exactech, Inc. (EXAC) Downgraded by Robert W
The company's shares were given away at $28.4 per share worth to an income of some $21,215 on account of Binch James G. In other Exactech news, Director Fern Watts sold 1,013 shares of the stock in a transaction on Tuesday, August 8th.

24 October 2017
Donncha O'Callaghan To Call Time On Glittering Career After 20 Seasons
As much as I love rugby I love them more and I need to be there. "But I want it to be in a giving back capacity". I don't want to be stuck in goal in a five-a-side.

24 October 2017
What's The Story Behind Whiting Petroleum Corp. (NYSE:WLL)
Finally, MML Investors Services LLC boosted its holdings in shares of Whiting Petroleum Corporation by 1.9% in the second quarter. COPYRIGHT VIOLATION NOTICE: This piece was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.

24 October 2017
Activists of Hindu Yuva Vahini recite Shiv Chalisa in Taj Mahal
The acitvists were handed over to local police and were released after they submitted a written apology, reports said. He had said: "Azam's dream to offer namaz five times at Taj will never be fulfilled".

24 October 2017
Here's how Saaho actor Prabhas celebrated his birthday
After enthralling the audience in the " Baahubali " series, Prabhas is now working on the super mysterious project " Saaho ". The movie is directed by Sujeeth and features Shraddha Kapoor opposite Prabhas marking her first debut in Tollywood.