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Posts Tagged ‘retail’

Walmart acquires adtech startup Polymorph Labs to scale up its ad business

Amazon has a large and growing advertising business, but rival Walmart’s own ad business is much smaller. It’s now working to change that. Earlier this year, the retailer consolidated ad sales for its stores and websites and said it was ready to start monetizing its shopper data on a grander scale. Today, its efforts continue ...

Amazon CEO Jeff Bezos challenges rival retailers to raise their minimum wages, too

Amazon CEO Jeff Bezos challenged rival retailers to increase their minimum wages to $16 per hour, in his annual letter to shareholders released on Thursday. Amazon in November had raised its own minimum wage to $15 per hour, in response to the ongoing criticism around pay disparity and poor working conditions. Bezos suggested other retailers ...

Google Cloud takes aim at verticals starting with new set of tools for retailers

Google might not be Adobe or Salesforce, but it has a particular set of skills, which fit nicely with retailer requirements and can over time help improve the customer experience, even if that means just simply making sure the website or app is running, even on peak demand. Today, at Google Cloud Next, the company ...

Walmart to expand in-store tech, including Pickup Towers for online orders and robots

Walmart is doubling down on its technology innovations in its brick-and-mortar stores in an effort to better compete with Amazon. The retailer today announced the expanded rollout of several technologies – ranging from in-store Pickup Towers to help customers quickly grab their online orders to floor scrubbing robots. These jobs were, in many cases, previously ...

Amazon reportedly removes the most obvious promotions for its private brands from search results

If it feels like your Amazon search results have been overwhelmed with promotions for their private-label brands, like Amazon Basics, Mama Bear or Daily Ritual, that may be changing. As lawmakers pay more attention to the most powerful tech companies, Amazon has begun quietly removing some of the more obvious promotions, including banner ads, for ...

Wayfair to open its first brick-and-mortar store this fall

Another major e-commerce brand its expanding its business offline. Wayfair, the Boston-based online furniture retailer whose net revenue topped $2 billion in the fourth quarter, announced this morning it plans to open its first full-service retail store this fall. The store, which will be based in Natick, Massachusetts, will connect the company’s online business to ...

Starbucks will anchor the new $400 million food-focused Valor Siren Ventures fund

Starbucks is serving up a steaming hot $100 million cash commitment to anchor a new food-focused fund in partnership with the consumer and tech-focused focused private equity firm Valor Equity Partners. The behemoth of burnt-coffee said that its commitment to the Valor Siren Ventures fund is an attempt to focus on “new ideas and technologies ...

Xiaomi Q4 sees strong growth in overseas shipment and internet services

Xiaomi, the Chinese company known for its cheap handsets and a vision to drive revenues by selling internet services, has come in ahead of analysts’ estimates in its fourth-quarter profit although revenues missed expectations. The Hong Kong-listed company more than tripled its net profit to 1.85 billion yuan ($276 million), exceeding the 1.7 billion yuan ...

Sam’s Club to test new Scan & Go system that uses computer vision instead of barcodes

In October, Walmart-owned Sam’s Club opened a test store in Dallas where it planned to trial new technology including mobile checkout, an Amazon Go-like camera system, in-store navigation wayfinding technology, electronic shelf labels, and more. This morning, the retailer announced it will now begin testing a revamped Scan & Go service as well, which leverages ...

Target announces launch of its curated, third-party marketplace, Target+

Target this morning announced Target+, a new initiative designed to expand the assortment on Target.com with merchandise from third-party sellers. But unlike with Walmart and Amazon’s marketplaces, Target is taking a more curated approach as to how sellers will be added to its program. The retailer says it’s starting with “thoughtfully selected” additions in areas ...