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Why China Will Soon Challenge Silicon Valley

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China's Didi seeks a $1.5 bln spin-off

>> Chinese ride share giant Didi is set to spin off its car services unit in a deal that could be worth $1.5 billion. A number of Reuters sources said the deal would happen ahead of Didi's expected IPO later this year. The company bought out Uber's local operation...


WeWork's Meat Ban Tells Us Who They Are

WeWork Cos., the SoftBank Group Corp.-backed startup that rents out co-working and office space, recently told. Its 6,000 employees worldwide that it won't pay for any meals that include red meat, poultry or pork. "New research indicates that avoiding meat is one of the biggest things an individual can...


Amazon Says Prime Day Glitches Not Related To AWS

Widespread glitches that marred the fourth annual Amazon Prime Day shopping event were not related to Amazon Web Services, an AWS spokesperson told CRN Tuesday. Problems first arose at 3:04 pm Eastern-just four minutes after Amazon Prime Day officially kicked off on Monday. Glitches were reported concurrently on the...


UPS is testing an Amazon Key-style delivery program in New York

UPS has been quietly testing a program that lets the shipping service deliver packages inside multi-unit homes while occupants are out. The service utilizes smart locks created by Latch, a New York-based smart lock startup that teamed with Jet late last year. The move is clearly an attempt for...


As Bezos Becomes Richest Man in Modern History, Amazon Workers Mark #PrimeDay With Strikes ...

Amazon CEO Jeff Bezos has just become the richest man in recorded history-surpassing $150 billion in net worth-thanks to his business model of subjecting employees to low wages, brutal working conditions, and scant benefits, and on Tuesday Amazon workers throughout Europe are marking "Prime Day" by walking off the...


Alibaba continues to lead retail e-commerce sales in China in 2018

In the first half of 2018, more than 85 percent of all retail e-commerce sales in China were shared by ten major market players. Recently, the market has witnessed the growth of several smaller e-commerce retailers like Pinduoduo and Gome. Alibaba has been consistently taking the top spot over...


Ex-Googler Poised to Join China's Top 20 Richest With Tech IPO

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eBay Unveils Payments Beta on Anniversary of PayPal Split

We noted in our editorial this morning that this is the 3-year anniversary of eBay's split with PayPal, meaning eBay would be able to start testing its own payments system on a small scale. Hours later, eBay sent an email to sellers inviting them to participate in a beta...


How Walmart's Digital Initiatives Could Pay Off

As Walmart's (WMT) e-commerce business was the primary catalyst behind its impressive stock performance in 2017, the slowdown in its digital sales ......


Walmart, Microsoft Deepen Partnership as Both Grapple With Amazon

So says retail giant Walmart as it announced this morning a five-year partnership with Microsoft to use machine learning and other technologies, deepening an existing partnership between two of Amazon's biggest rivals. "Whether it's combined with our agile cloud platform or leveraging machine learning and artificial intelligence to work...


Killing JC Penney: Can The Iconic Retailer Be Saved?

The downfall of JC Penney began on October 7, 2010, when investors Steven Roth, head of the REIT Vornado, and Bill Ackman, the head of hedge fund Pershing Square Capital, teamed to buy more than 26% of JC Penney's stock. The board at JC Penney wanted a CEO to...


What Small Retailers Can Learn From the Industry's Push Towards AI and Big Data

Improved in-store services and experiences will keep brick-and-mortar stores afloat, but only if retailers look to new and innovative ways to re-engage with customers. By taking notice of this industry shift, retailers large and small can use emerging technologies to enhance individual in-store experiences, increase inventory specialization, and -...


The Brilliant Ways Kimberly-Clark Uses Big Data, IoT & Artificial Intelligence To Boost Performance

Here are a few ways Kimberly-Clark is using big data, the Internet of Things and artificial intelligence in their operations. There are six categories the competition focuses on including data and predictive analytics, cyber security, omnichannel shopper experiences, IoT/wearables/connected devices, supply chain/operations solutions and content and media experiences. Kimberly-Clark...


Hudson's Bay pulls Ivanka Trump brand, citing 'performance'

Hudson's Bay Company has pulled all items in Ivanka Trump's fashion line from its website. The Canadian retail group, which owns such divisions as Lord & Taylor and Saks Fifth Avenue, attributed the decision to the brand's poor performance. "Hudson's Bay is phasing out this brand through the fall...


Retailer soapbox: Is it becoming harder to survive as an independent retailer?

There are three main reasons that retailers are finding it harder for to stay profitable, according to Cambridgeshire-based Nisa retailer Ash Puntambekar. Ricky Sharma, owner of Thrifty's - a small group of six independent c-stores based in the north-west of England - believes there are plenty of ways around...


Superstores removing product lines to compete with discounters, finds study

The study revealed the typical discount retailer has 7,500 SKUs, compared to 30,000 for a traditional supermarket. The research found that as a result of streamlined product lines, SKU count will reduce by 10% on average for grocery suppliers, due to in-store rationalisation and reduced demand for promotional SKUs....


Tech Vendors Offer 'Prime Day' Tactics for Taking On Amazon

As consumers ready themselves for big deals on Amazon Prime Day, technology vendors and consultants said there are tactics and strategies that ......


Small retail's biggest champion

You are the 2017 America's Retail Champion of the Year. Having won this award means I'm even more encouraged to speak the truth about what it means to be a small retailer. We work hard every day, we are responsible for providing many students their first jobs and we...


Amazon Go's auto-checkout challengers are piling up–meet one of the most ambitious

Amazon Go, the e-commerce giant’s automated checkout project, is just preparing to open its second convenience store. But like the Soviets’ launch of tiny Sputnik in 1957, Amazon Go’s 2016 debut is already fueling a (retail) space race. The latest company to launch is Israel-based Trigo Vision, which officially emerges...