Amazon launches Prime service in Poland

By Kitco News / October 12, 2021 / www.kitco.com / Article Link

WARSAW, Oct 12 (Reuters) - Amazon (AMZN.O) on Tuesday launched its Amazon Prime service offering free delivery and video streaming in Poland, sending shares in rival Polish e-commerce platform Allegro lower.

Amazon's Polish site went live in March, significantly intensifying competition in Poland's booming e-commerce sector.

"We are very pleased with the way Polish customers accepted the Amazon.pl service launched at the beginning of this year," Mourad Taoufiki, CEO of Amazon.pl, said in a statement.

Amazon said it is pricing its Prime service at 49 zlotys ($12.35) per year.

Shares in Allegro, whose Smart! service also costs 49 zlotys per year and offers free delivery on orders of more than 40 zlotys, were down 3.7% at 0805 GMT.

mBank analyst Pawel Szpigiel said Amazon's announcement was as a surprise, coming just a few months after the company's launch in Poland.

"It... seems that Amazon's appetite for the Polish market is big," he said.

Allegro did not immediately respond to a request for comment.

($1 = 3.9674 zlotys)

Reporting by Anna Banacka, Alan Charlish and Pawel Florkiewicz; Editing by Kirsten Donovan
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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