Retail News
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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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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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Retail Image
A Target store Ron Dauphin
A close-up of an average vending machine SalimFadhley
File photo: Jewelry store Mark Ahsmann
Michael Kors is one of several high-end retailers who recently reported poor earnings Mike Mozart
The next phase of retail will be defined by individual experiences Pixabay / Pexels / CC0 License
Shoppers shopping at Ikea Dalboz17
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
Precision Jewellers in Windsor, Ontario Google Street View screenshot
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.
The NorthPark centre mall in Dallas liangjinjian
The store Desigual in Spain thinkretail
Carnaby street in London for the Holidays.
Most Americans don’t have a travel bucket list, according to a new survey. Jim G via Wikimedia (CC BY 2.0)
A woman shopping in Manhattan Ed Yourdon
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