Retail News
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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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London -
The high street is changing and retailers that want to survive the disruption of on-line challenges need to embark on digital transformation projects. One company squaring up to the challenge is health food chain Holland & Barrett.
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Many consumers are used to the real-time, personalized world that the modern digital landscape. This is seemingly more so with retail than with other sectors. Five key trends show this in action.
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Seattle -
Ubiquitous coffee chain Starbucks is to open its first cashless store as a pilot. The store is located in the company's birthplace of Seattle. If successful this alternative retail model could be rolled out to other coffee shops.
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By AFP
London -
London luxury department store Harrods said Saturday it was taking down a statue of the late Princess Diana and her boyfriend Dodi Al Fayed and returning it to former owner Mohamed Al Fayed.
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By AFP
Versailles -
French prosecutors are pushing for Ikea France and 15 people, including police officials, to be put on trial on charges of spying on employees and customers, a source close to the inquiry said Thursday.
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By AFP
Seoul -
The nonagenarian founder of South Korean retailer Lotte Group went from rags to riches but faces the prospect of ending his days in prison after being convicted of embezzlement and other offences on Friday.
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By AFP
Seoul -
The wheelchair-bound nonagenarian founder of South Korea's embattled Lotte retail conglomerate was convicted of embezzlement and breach of duty Friday and sentenced to four years in prison.
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The way businesses and consumers book travel is set for further shake-ups as artificial intelligence becomes the norm. The process of planning travel is becoming simplified and easier.
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Retail Image
Precision Jewellers in Windsor, Ontario Google Street View screenshot
TJ Hughes department store in Liverpool, England Irate
A close-up of an average vending machine SalimFadhley
The NorthPark centre mall in Dallas liangjinjian
File photo: Jewelry store Mark Ahsmann
Holland & Barrett, King Street, Hammersmith, London Edward Hands
A store advertising its sales the justified sinner
Most Americans don’t have a travel bucket list, according to a new survey. Wikimedia
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.
Retailers might one day sell on Facebook like they do on Amazon Pixabay / Pexels
Shoppers shopping at Ikea Dalboz17
A Mac's Convenience store dennissylvesterhurd
A woman shopping in Manhattan Ed Yourdon
The store Desigual in Spain thinkretail
Topshop is a subsidiary of Arcadia in the U.K. thinkretail
Point of sale transaction oregon.gov
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
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A Currys store in Northern Ireland. Ardfern
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