News

How is Blockchain Disrupting the Supply Chain Industry?

What is Supply Chain Management? In more clear terms, Supply chain management includes the integrated planning as well as the execution of different processes. Supply Chain Challenges and Blockchain SolutionsBlockchain can be applied to many challenges of the Supply Chain industry such as complicated record keeping and tracking of...


Millennials Get It: They're Most Open To Retail Email

On a positive note, only 44% of millennials are perturbed about email excess, vs. 55% of baby boomers and 51% of Gen Xers. The study warns that the millennials may denote indifference or apathy. Millennials are also more likely to use email to "Get in touch" with a brand,...


Video: This Makeup Company Created a Pop-Up 'Retail Museum' That's All Glitz, Glamour and Fun

Decadence is taking on a new form at Winky Lux's new "Retail museum" in New York.The ecommerce makeup company is hosting a six-month pop-up shop in the city's SoHo neighborhood that's more about experiencing makeup products than it is about buying anything. Visitors can walk into the shop, test...


Is The Future Of Retail Unfolding In China?

While not nearly as dramatic as its $18 billion bet on India's Flipkart, Walmart's recent announcement to invest $320 million in China's Dada-JD Daojia could provide a glimpse into the future of retail. China is a fascinating market to study retail's evolution. Its revenues totaled $55 billion last year...


Walmart Is Currently The World's Largest Retailer, But Alibaba And Amazon Are Closing In

Global B2C eCommerce grew by 10% in 2017 to reach US$1.8 trillion, driven by online sales from brick-and-mortar stores and marketplaces. Marketplaces Grow Their Share Of eCommerceFifty-six percent of global B2C eCommerce occurred via marketplaces in 2017. Marketplace growth is driven by online spend per buyer, growth in the...


IoT Disruption Has Begun. And Retail Is Just the Start. When Will Your Industry Be Affected?

IoT connectivity, in contrast, allows customers to enhance their experiences in real time, making it the most direct way for businesses to improve their customer experience. IoT's impact on retail companies is especially significant, so these organizations' challenge is to understand and balance the cost of implementation and the...


Alibaba's New Retail Could Be What Makes American Retail Great Again

The answer lies in thinking beyond the constraints of the two-party system of retail operations, e-commerce and legacy brick-and-mortar retailing, and instead in employing an entirely new operating system for reaching and inspiring consumers to shop-a system that blends, yes, the best of what both current worlds have to...


Walmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia

Walmart sold its China-based e-commerce business in 2016, but the U.S. retail giant is very much involved in the Chinese internet market through a partnership with e-commerce firm JD.com. Alibaba's most serious rival, JD scooped up Walmart's Yihaodian business and offered its own online retail platform to help enable...


Alibaba tweaks a controversial legal structure

Alibaba's attempt to make its VIEs safer is to be welcomed and will be watched closely by China's richest entrepreneurs, many of whom use them, too. VIEs are ubiquitous, especially among the country's internet firms, which have a total market capitalisation of over $1trn. To get around this, tech...


Alibaba launches paid membership program

Chinese e-commerce giant Alibaba on Thursday announced 88 VIP, a new loyalty initiative that gives paying members access to exclusive benefits across commerce, entertainment and local services. The program is an extension of Alibaba's existing loyalty program, 88 Membership Club, which is free for Tmall and Taobao customers. Loyalty...


Oracle challenged Pentagon’s $10 billion cloud contract

Oracle this week challenged the Department of Defense’s decision to award a major, $10-billion cloud computing contract to just one company as "anti-competitive," according to a 40-page challenge document obtained by Axios and originally reported by The Washington Post.

Why it matters: Several industry leaders have expressed...


Walmart teams up with China's JD.com on grocery delivery

Walmart and Chinese e-commerce giant JD.com are investing $500 million in Dada-JD Daojia, a Chinese online grocery delivery company, reports CNBC.The big picture: American companies have had varied success in the Chinese market, which favors its domestic champions, but some U.S. firms are increasing their presence there by teaming...


With $3.3-Billion Acquisition of Fortress Investment Group, SoftBank Looks to Branch Out

With its acquisition of Fortress Investment Group, a leading investment management firm, the Japanese company has laid the groundwork for the next phase of its development: becoming one of the largest investment firms in the world. As evidenced by its acquisition of Fortress Investment Group the company is prepared...


Galaxy Home is Samsung’s HomePod competitor

It was just a matter of time, right? We knew Samsung had to be working on a Bixby-based Amazon Echo/Google Home competitor. Welp, the Galaxy Home was announced at today's big Note 9 event, and the device is going right after Apple's HomePod with a premium design and what...


Softbank held talks with Elon Musk about taking Tesla private in 2017

Tesla's chief executive Elon Musk met the head of Japanese mega-investor Softbank in 2017 to discuss a potential investment in the company, including the possibility of taking it private. Masayoshi Son held talks with Musk in April last year on the matter, but discussions on taking Tesla off the...


Tech huddles with historically black colleges

Top tech firms are meeting this week with representatives of 24 historically black colleges and universities (HBCUs), in an effort the industry hopes will create partnerships to help diversify its technical workforce.

Why it matters: Tech has long struggled to increase hiring of black engineers, and while companies have previously worked...


Report ranks retail brands based on celebrity partners

Under Armour's celebrity endorsement deal with Dwayne Johnson is the top celebrity-brand match in the retail and fashion industries, according to a new Spotted ranking. Winnie Harlow for Tommy Hilfiger and Reese Witherspoon for Crate and Barrel ranked second and third, respectively....


NRF, retailers gear up to protect shipping via USPS

NRF has joined Amazon and other retail businesses to form the Package Coalition, which will lobby on US Postal Service issues and work to keep package shipping affordable and reliable. A Trump administration task force is expected to release a report this week outlining possible reforms for USPS.....


Lululemon athletica: The intersection of business and technology

Technology is integral to any business decision and the IT department is no longer merely the service department of a business. An effective CTO is well-versed in the business process; the two fields have become as intertwined as ever. "It's a partnership now where we are all driving the...


Apple will reportedly woo India with deals, new stores, and fixed apps

Though Apple has pushed smartphone prices higher in recent years, notably touting the international success of the $999 iPhone X, the average Indian customer's phone budget is around $150. Entry-level Android phones are being offered at or below that price, but iPhones are not: Even the aging iPhone SE...