Retail News
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By AFP
Shanghai -
Amazon plans to close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals such as Alibaba and JD.com, a report said on Thursday.
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Walmart is doubling down on adding robots to its stores. These machines include autonomous floor cleaners, shelf-scanners, conveyor belts, and "pickup towers."
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By AFP
Canberra -
A Google-linked firm will start delivering takeaways and other small items to Canberra residents after the company received approval from aviation watchdogs in Australia on Tuesday.
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San Francisco based Motionloft has strategically placed sensors allows organizations and cities to take precise measurements of people and vehicle traffic counts, path tracking, and dwell times.
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Sales people today need to find new and imaginative strategies to market and sell products. This requires new technology and it requires a new approach to sales. A leading expert shows how AR and big data matters for sales today.
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Walmart has recently seen earnings growth, much of this fuelled by online growth and based on investments in its workforce. This means, according to Micah Rowland of Fountain, Walmart starting to challenge Amazon online.
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Target announced its fourth quarter earnings this morning, with brick-and-mortar sales growth of nearly 3 percent, and online sales growth of 31 percent. The growth in both areas show changing consumer preferences.
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Target will raise its starting wage to $15 an hour in the near future.
During Target's 2018 earnings call, CEO Brian Cornell announced that the starting wage would get a boost by 2020.
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Brain Corp recently announced it will provide AI services to the world’s largest retailer, Walmart, by rolling out over 360 BrainOS-powered floor scrubbers in stores nationwide by the end of its fiscal year. Brain Corp explain more.
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Walmart has reported very strong fourth-quarter results. As well as showing sales success, Walmart is investing heavily in e-commerce to compete with Amazon. Digital Journal discusses the digital success behind Walmart's earnings with three experts.
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Apple announced on Tuesday that its retail chief, Angela Ahrendts, would leave the company in April.
Deirdre O'Brien, who heads up Apple's human-resources department, is taking over retail and will report directly to CEO Tim Cook.
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Marketers face many challenges in an ever-growing competitive landscape. One challenge they don't need is with getting different types of software to work together. Rasmus Skjoldan from Magnolia CMS offers some solutions.
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The retail world remains tough, both online and with physical stores. The challenge is with determining what the customer wants and then creating or marketing products around this trajectory. A startup called Celect aims to use AI for this task.
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It’s a tough time to be in retail, especially in terms of running a physical store where the e-commerce world is increasingly dominant. Some retail failures are anticipated, some come as a surprise. Social media can help to decide.
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Walmart hare recently announced 43 percent increase in e-commerce sales that was fueled by increased investment in digital assets. This places Walmart in a stronger position to challenge Amazon. Keith Ryu, CEO of Fountain looks at what’s been happening.
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Shoppers are increasingly turning to online services. However, the digital presence will never completely send the physical store into oblivion, according to a new report. Many people still want a physical presence.
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There are a range of new and emergent technologies that is are helping to shape e-commerce like blockchain, app development and more. To discover more about these, Jonathan Fries from Exadel provides some insights.
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By AFP
New York -
Early sales data released Monday and over the weekend suggested a strong start to the US holiday shopping season but analysts said it was too soon to declare victory overall.
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By AFP
London -
Campaigners demanding a second Brexit referendum launched a Black Friday pop-up shop offering the "worst deal ever" with mock items highlighting the potential cost of leaving the EU.
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Black Friday has morphed into something more than a one-day event. It's now nearly an entire week of shopping and deals.
Ray Wimer, an assistant professor of retail practice at Syracuse University, says the holiday has lost a bit of its "uniqueness."
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By AFP
Zagreb -
Croatian tycoon Ivica Todoric, being investigated over fraud allegations, was released from a Zagreb prison on Tuesday after posting a million-euro ($1.1-million) bail.
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The retail sector is nor having the easiest of times, especially on the high street, which challenges coming from big ecommerce sites like Amazon and new startups. Some technology from startups can assist established firms, others present a challenge.
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Retailers are facing increased challenges and competition both to the concept of the physical store and with online shopping. This calls for new tactics and vision, according to a new study from Accenture.
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By AFP
Vilnius -
Members of the European Parliament on Friday called on Amazon CEO Jeff Bezos to stop selling Soviet-themed merchandise on the global online shopping platform insisting that it is offends victims of the regime, according to an open letter.
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By AFP
Bejing -
Chinese e-commerce giant Alibaba Friday posted a 54 percent boost in revenue in the second quarter and saw profits rebound ahead of Singles Day, the largest shopping holiday of the year in China.Alibaba reported a net profit of 20 billion yuan ($2.
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Walmart, which has pioneered various forms of retail technology, is opening an experimenting store in Texas to test out different types of retail technology based on a mobile-first approach. If successful, the technology will be rolled out more widely.
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A group of Sears' landlords laid out in a court filing a set of requests for the retailer's upcoming store closures, asking the bankruptcy court to limit the size, wording, and style of the stores' liquidation sale signs.
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A new review of the retail space outlines what retailers need to do in order to make digital transformation possible. Interestingly these all center on people.
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By AFP
Washington -
Sears, the venerable chain that once dominated the American retail sector but had been in decline since the advent of the Amazon era, filed for bankruptcy Monday and announced it was closing almost 150 stores.
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Amazon has been steadily developing its own private brands, sold exclusively on the ecommerce site. Due to large growth in sales, Amazon is encouraging new manufacturers to take part.
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Retail Image
File photo: Jewelry store Mark Ahsmann
Holland & Barrett, King Street, Hammersmith, London Edward Hands
Retailers might one day sell on Facebook like they do on Amazon Pixabay / Pexels
A woman shopping in Manhattan Ed Yourdon
Galleria shopping centre, Hatfield, UK.
A close-up of an average vending machine SalimFadhley
Topshop is a subsidiary of Arcadia in the U.K. thinkretail
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A Currys store in Northern Ireland. Ardfern
Shoppers shopping at Ikea Dalboz17
The store Desigual in Spain thinkretail
A Mac's Convenience store dennissylvesterhurd
A young girl looks up at a toy sales display in a JC Penney store during Black Friday sales in New York With permission by Reuters / Lucas Jackson
People on an escalator at a shoppinbg mall (Hatfield, UK).
The NorthPark centre mall in Dallas liangjinjian
TJ Hughes department store in Liverpool, England Irate
Journalist Caitlin Kelly provides a detailed account of the day to day life of someone working in retail, in her 2011 book entitled, "Malled - My unintentional career in retail," published by Portfolio - Penguin, New York, NY.
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