Retail News
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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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Walmart, Amazon's biggest rival in online shopping, increased its minimum wage back in 2016. That same year, the retailer saw a boost in sales, which the CEO attributed to the pay raise.
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By AFP
Bejing -
Alibaba co-founder and chairman Jack Ma will unveil a succession plan on Monday, the South China Morning Post reported Sunday, with a company spokesman denying a New York Times report that he would retire that day.
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By AFP
Bejing -
Alibaba's charismatic co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview.
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By AFP
San Francisco -
Alibaba co-founder and chief Jack Ma announced he will leave from the Chinese e-commerce giant Monday to devote his time to philanthropy focused on education.
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By AFP
Vilnius -
Lithuania on Friday urged American retail giant Walmart to stop selling T-shirts and hoodies with Soviet hammer and sickle symbols, insisting that the image insults victims of often deadly Soviet-era persecution.
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The technology companies Ossia and Displaydata have partnered to develop a type of electronic shelf labels with wireless power. The labels provide pricing information in retail stores. This provides a flexible solution for businesses.
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By AFP
Sydney -
A leading Australian supermarket was Thursday forced into a backflip after facing a barrage of criticism for reneging on plans to phase out free plastic bags.
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Amazon's senior vice president Russell Grandinetti said it's up to society and government to figure out how to handle the company's becoming a $178 billion disruptor in the retail sector.
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Despite improvements with digital technology, errors with logistics still occur. Naviaddress has developed a system which provides verified addresses, in the form of ID numbers, for any location or object in the world. Dmitri Moiseev explains more.
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Trends suggest that consumers are demanding better technology experiences while shopping and dining. However, investment in technology-driven customer experiences creates complexity and risk. Alfred Kahn, CEO and founder of Boomtown provides some advice.
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By AFP
Sydney -
Dozens of supermarket staff have suffered abuse as two major Australian grocery chains struggled to impose a ban on single-use plastic bags, with one irate customer putting his hands around a shop assistant's throat.
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Will the adoption of technology from Microsoft mean the end of checkout lines at Walmart, not to mention the loss of cashier jobs? New technology has the potential to make this happen.
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According to a new report, the Internet of Things for retail is set to get much bigger than in other industries. The report suggests sales in related technologies for the sector will rise to $94 billion by 2025.
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Direct to consumer selling requires innovative new technologies. One example is OceanX, which is a responsive, scalable, all-in-one subscription commerce system. Such platforms cove billing, customer care, and business intelligence.
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By AFP
Washington -
Howard Schultz, who built a small Seattle coffee chain into the global powerhouse Starbucks, announced Monday he was retiring from the company, fueling speculation he may seek the Democratic presidential nomination in 2020.
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JC Penney's stock price fell by as much as 8% Tuesday morning following the news that CEO Marvin Ellison would be leaving the company to lead home-improvement retailer Lowe's.
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London -
British online grocer Ocado has struck a collaborative technology deal with the U.S. retail giant Kroger. The news led to share price rise for both companies.
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Are millennial preferences really killing dozens of industries? Not necessarily, according to Brennan Wilkie, SVP of CX Strategy at InMoment. Instead millennials are misunderstood when it comes to the retail customer experience.
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By AFP
San Francisco -
Internet colossus Amazon on Thursday reported that its quarterly profit more than doubled on soaring revenue from online commerce and cloud services.Amazon said it earned $1.
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By AFP
Berlin -
Family members of German retail billionaire Karl-Erivan Haub have lost hope of finding him alive, a week after he went missing while skiing in the Swiss Alps, his company Tengelmann group said Friday.
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President Donald Trump has circled back to his criticism of Amazon in recent weeks, tweeting that he wanted Amazon to stop using the US Post Office "as their Delivery Boy."
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Uber’s food delivery service UberEATS is set to expand to over 100 cities throughout Europe, the Middle East, and Africa. This appears to be a new priority for the company, with its taxi service already established.
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By AFP
Apo -
The Japanese unit of the US internet giant Amazon said on Thursday it was cooperating with authorities after a fair trade watchdog raided its Tokyo headquarters on allegations of antitrust violations.
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By AFP
Paris -
French supermarket chain Intermarche faces prosecution over heavy discounts that sparked frenzied scenes as customers jostled to get their hands on cut-price jars of Nutella, anti-fraud authorities said Thursday.
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The automation of retail is extending out in many directions, from self-service to drones. Another area being developed is with self-driving delivery vehicles. A new startup has unveiled a robotic solution.
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By AFP
Much of China's stock trading is conducted remotely via high-tech systems in banks and brokerages or on mobile phones, but the country's masses of mom-and-pop investors still cling to older ways.
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Token is a mobile app that enables you to shop securely by disguising your payment details. To understand how this works, and the advantages for businesses and consumers, Digital Journal spoke with Zohar Steinberg.
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By AFP
Paris -
The French government has implored supermarkets to refrain from the kind of promotion deals that have led to in-store scuffles over cut-price jars of Nutella, a minister said Wednesday.
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Retail Image
A close-up of an average vending machine SalimFadhley
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.
A Mac's Convenience store dennissylvesterhurd
Most Americans don’t have a travel bucket list, according to a new survey. Jim G via Wikimedia (CC BY 2.0)
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A Currys store in Northern Ireland. Ardfern
Shoppers shopping at Ikea Dalboz17
A store advertising its sales the justified sinner
TJ Hughes department store in Liverpool, England Irate
The next phase of retail will be defined by individual experiences Pixabay / Pexels / CC0 License
A Target store Ron Dauphin
Topshop is a subsidiary of Arcadia in the U.K. thinkretail
The store Desigual in Spain thinkretail
Precision Jewellers in Windsor, Ontario Google Street View screenshot
Holland & Barrett, King Street, Hammersmith, London Edward Hands
Point of sale transaction oregon.gov
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