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Retail News

Once mighty US retailer Sears files for bankruptcy

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.

Amazon's private brands show growth success

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.

Raising the minimum wage helped Walmart boost sales

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.

Jack Ma to unveil succession plans, not imminent retirement: SCMP

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.

Alibaba co-founder Jack Ma announces plans to retire at 54

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.

Alibaba co-founder Jack Ma announces retirement

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.

Lithuania urges Walmart to drop Soviet-themed shirts

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.

Electronic shelf labels developed with wireless power

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.

Australia supermarket bagged after plastic backflip

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.

Amazon: Not our job to worry about fears we're killing retailers

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.

Overcoming challenges of logistics with digital technology: Q&A Special

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.

Tech savvy retail and restaurants raising the bar: Interview Special

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.

'Bag rage' as Australia supermarkets impose plastic ban

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.

Is Walmart aiming to get rid of cashiers and checkout lines?

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.

Big expansions set for retail IoT technology

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.

Business intelligence assist with retail: Interview Special

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.

Starbucks chief Schultz retiring, may run for president

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.

JC Penney's CEO just signaled the end of retail as we know it

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.

Ocado and Kroger in retail technology deal

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.

Interview: How millennials are changing businesses Special

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.

Amazon delivers hefty profits, led by web services

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.

Family says no hope for German billionaire lost in Swiss Alps

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.

Trump wants Amazon to increase how much it pays US Post Office

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."

Uber expands global food delivery business

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.

Amazon Japan says cooperating after raid in antitrust case

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.

Supermarket faces prosecution for French Nutella frenzy

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.

Self-driving robotic delivery vehicles tested

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.

China's timeless mom-and-pop investors 'endure' as stocks gyrate

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.

Interview: Secure shopping online made easy Special

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.

French supermarket boss hauled in over Nutella frenzy

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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A close-up of an average vending machine
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