retail

Amazon expands air cargo fleet with 15 more planes, will have 70 planes by 2021

Following news from earlier this month that FedEx was dumping Amazon from its air cargo service, Amazon this morning announced the expansion of its own air delivery network, Amazon Air. The retailer s

Walmart announces it will fully integrate Jet’s teams, but Jet will remain a standalone brand

Three years after acquiring Jet for $3 billion, Walmart announced today that it is now more fully integrating Jet’s teams into Walmart. Jet will continue to operate as a standalone brand, mainly in

Colombian point-of-sale lender ADDI nabs $12.5 million from Andreessen Horowitz

Andreessen Horowitz <3 Latin American startups. Latin America is the only region outside of the U.S. where the venture firm is routinely investing capital, and it just made another commitment, doub

Amazon’s new rewards card targets those with bad credit

Amazon this morning announced the launch of Amazon Credit Builder, a new secured credit card offered in partnership with Synchrony Bank. As the name implies, the card is aimed at those who are looking

Sam’s Club is upgrading tire shopping with a time-saving app

Alongside today’s news that Walmart will soon introduce in-home grocery delivery in select markets, the company today announced another new effort similarly aimed at saving customers’ time

Amazon says over 10 million items are now available for one-day shipping

Amazon on its latest earnings call announced it was working towards making one-day shipping the new standard for Prime members. This morning, the retailer touted a milestone related to those efforts w

Amazon sellers to hit UK high streets in year-long pop-up pilot

Internet shopping has been blamed for boarding up high streets across the UK. So it looks politically judicious for Amazon, the original ecommerce behemoth, to now be attaching its brand name to a pil

DHL brings Africa eShop to 20 countries in a competitive nod to Jumia

DHL is expanding its DHL Africa eShop business to 9 additional markets, upping the presence of the global shipping company’s e-commerce platform to 20 African countries. DHL went live with the d

A young entrepreneur is building the Amazon of Bangladesh

At just 26, Waiz Rahim is supposed to be involved in the family business, having returned home in 2016 with an engineering degree from the University of Southern California. Instead, the young entrepr

Stein Mart embraces the enemy with installation of Amazon Lockers in nearly 200 stores

Another brick-and-mortar retailer is turning to Amazon to help save its struggling business. Today, discount chain operator Stein Mart announced it will install Amazon Hub lockers in nearly 200 stores

IDC: Asia-Pacific spending on AI systems will reach $5.5 billion this year, up 80% from 2018

Spending on artificial intelligence systems in the Asia-Pacific region is expected to reach $5.5 billion this year, an almost 80% increase over 2018, driven by businesses in China and the retail indus

Ikea invests in Livspace, a one-stop platform for interior design based in India

Fresh from raising $70 million last year via big names including Goldman Sachs and TPG Growth, Livspace, an India-based startup that offers a one-stop-shop for interior design, has lured yet another

Walmart beats on earnings in Q1, with US e-commerce up by 37%

Walmart’s investments in e-commerce are paying off. The retailer today announced its U.S. e-commerce sales grew by 37% in the first quarter, largely thanks to its booming online grocery business

Alibaba invests about $635M in Red Star Macalline, one of China’s largest furniture sellers

Alibaba Group has acquired about RMB 4.36 billion ($635 million) worth of convertible bonds in Red Star Macalline, one of China’s biggest furniture retailers. If converted, this would give Alibaba a

Google Express becomes an all-new Google Shopping in big revamp

Google is giving its Shopping destination a revamp and introducing a universal cart across its platform of services, including Search, Shopping, Images and even YouTube. The search company announced t

Amazon offers employees $10K and 3 months’ pay to start their own delivery businesses

Following news of Amazon’s plans to reduce Prime shipping down to one day, the company this morning announced an expansion of its Delivery Service Partner program, which now includes a new incen

Apple CEO Tim Cook talks WWDC student program, coding initiatives and SAP

For the past few years, Apple has been inviting student developers to attend its WWDC conference, which centers on development topics and software. A few students from this year’s batch are getting

Target ups its ad efforts with revamped media company, Roundel

A surprise addition to this year’s NewFronts, first-time participant Target today announced its plans to rebrand its media network formerly known as “Target Media Network” to be call

Amazon Pay launches peer-to-peer payments in India

Continuing its investment in India, Amazon today announced the launch of person-to-person (P2P) payments via Amazon Pay for Android users in the country. Customers can now make instant bank-to-bank tr

Walmart unveils an AI-powered store of the future, now open to the public

Walmart this morning unveiled a new “store of the future” and test grounds for emerging technologies, including AI-enabled cameras and interactive displays. The store, a working concept ca
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