Livestreaming has gone mainstream in Alibaba’s digital ecosystem. Livestreamers are now online 24/7 and come from all walks of life, from farmers and personal shoppers to celebrities.
Behind closed doors Amazon had been working on an ambitious plan to release almost instant delivery. The goal? Just 30 minutes, from the click of the ‘order now.’ -from Tech Vision
The company says at its height, it was fielding 60 requests for co branded vests, a day. The combination of hefty price tags and a professional-class of super fans earned it the nickname "Patagucci".
The astonishing feat of ferrying hundreds of millions of items. And the modern-day voodoo of deep-learning AI – all of which are made flesh in the most advanced stockrooms the world has ever seen.
Using an advanced AI system, temperature controls, nine miles of conveyor belt, and a fleet of delivery trucks, the company is able to cut out three steps in the normal grocery store supply chain.
Macy’s has long been identified with the start of the holiday shopping season. But the company was hurting even before the coronavirus crisis hit the retail industry. -from WSJ
The biggest shopping festival in the world, this year running 11 days ending November 11. $74.1 billion in gross revenue for Alibaba. -from TDInsights Live
Double 11 or what used to be called Singles Day was an 11 day festival this year reaching sales of $75.1 billion. Here are the 9 winners of Alibaba’s Go Global 11.11 Pitch Fest. -from TDInsights Live
Walmart's potential deal with TikTok may not only change the retail giant, it could reshape how Americans shop online. -from WSJ
There will be five such stores as part of a trial run, and by next year the government plans to authorize around 800, and then about 4-thousand by 2025. -from ARIRANG NEWS
The coolest thing about these stores is the Amazon Dash Cart, which enables customers to skip the checkout line. -from Yellow Productions
Leading retailers are leveraging AI to reduce shrinkage, improve forecasting, automate warehouse logistics, and more. -from NVIDIA
With the movie business competing with popular streaming services like Netflix, Disney+ and Apple+, is this the end of the movie theater business as we know it? -from CNBC
Even before the coronavirus pandemic started gamers had already begun to shift from buying packaged software at brick and mortar stores to downloading games directly to their consoles. -from CNBC
It’s becoming more and more popular in China, with online streams raking in millions of viewers and buyers. But could it ever take off in other parts of the world? -CGTN Europe
Costco makes billions doing what in retail might once have been thought unthinkable: charge people to shop there. -from CNBC
Here are some ways to spot fake reviews and what Amazon and others are doing to try and stop them -CNBC
As retail traffic continues to migrate to digital, companies are changing how their sites are designed using principles of behavioral economics. -from Cheddar
How spending habits are changing as millions of Americans continue to work from home. -from Yahoo Finance
Once known for its “treasure hunt” atmosphere, colorful home furnishings, and distinctive holiday decorations, Pier 1 filed for bankruptcy in February 2020. -from CNBC
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