Retail News
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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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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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Retail Image
A store advertising its sales the justified sinner
Topshop is a subsidiary of Arcadia in the U.K. thinkretail
Point of sale transaction oregon.gov
Michael Kors is one of several high-end retailers who recently reported poor earnings Mike Mozart
A close-up of an average vending machine SalimFadhley
A Target store Ron Dauphin
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.
Galleria shopping wall, Hatfield, UK.
The store Desigual in Spain thinkretail
Galleria shopping centre, Hatfield, UK.
TJ Hughes department store in Liverpool, England Irate
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
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A Currys store in Northern Ireland. Ardfern
Items on sale at the Galleria shopping centre, UK.
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