eCommerce, Online Retail & Retail News

Former Walmart CEO says Amazon is "Predatory" Almost by Definition
Former Walmart CEO says Amazon is “Predatory” Almost by Definition

Former Walmart CEO Bill Simon says that Walmart has been “predatory” by selling goods below cost subsidized by profits from their cloud and advertising businesses. Simon says that this strategy put major competitors like Circuit City and Toys R Us out of business.

Revolve CFO: Laser-focused on the Largest Buying Power in the World, the Millennial
Revolve CFO: Laser-focused on the Largest Buying Power in the World, the Millennial

“Revolve is a whole new species of fashion retail,” says Jesse Timmermans, the CFO at Revolve, in an interview with Entrepreneur Network partner Business Rockstars. “We’ve taken the traditional retail model and evolved that experience to be laser-focused on the largest buying power in the world, the millennial.”

Scott Kennedy of CSIS: China Amex Approval is #fakeopening
Scott Kennedy of CSIS: China Amex Approval is #fakeopening

Scott Kennedy, who is the Deputy Director, Freeman Chair in China Studies at Center for Strategic and International Studies (CSIS), said on Twitter that Amex finally winning Chinese market approval is not a breakthrough for China market access.

Venture Capitalist Kyle Lui: Next Generation of E-Scooters are Coming
Venture Capitalist Kyle Lui: Next Generation of E-Scooters are Coming

Venture capitalist Kyle Lui says that there are a lot of exciting innovations coming to the world of e-scooters. Companies like Lime and SPIN, which was recently acquired by Ford Motor Company, are actively working on innovations that will improve the customer experience and e-scooter ecosystem.

UNCS CEO: It’s an Amazing Time To Be a Consumer... Every Day is Black Friday
UNCS CEO: It’s an Amazing Time To Be a Consumer… Every Day is Black Friday

The CEO of United National Consumer Suppliers, Brett Rose, says that it’s an amazing time to be a consumer because every day is Black Friday. Rose predicts that this is going to possibly be the biggest Q4 in our history.

Billionaire Ron Baron: By 2030 Tesla Could be a Trillion Dollar Company
Billionaire Ron Baron: By 2030 Tesla Could be a Trillion Dollar Company

Billionaire investor Ron Baron says that by 2030 Tesla could be a trillion dollar company. He says it’s clear that Tesla will be at $60 billion in sales within the next 3-4 years. Baron added, “It’s remarkable what Elon Musk has done.”

Etsy CEO: Machine Learning is Opening Up a Whole New Opportunity
Etsy CEO: Machine Learning is Opening Up a Whole New Opportunity

Etsy CEO Josh Silverman says that “machine learning is opening up a whole new opportunity” for the company to organize 50 million items into a discovery platform that makes buying an enjoyable experience and also is profitable for sellers.

Blippar CEO: AR Will Be as Ubiquitous as the Internet
Blippar CEO: AR Will Be as Ubiquitous as the Internet

The co-founder & CEO of augmented reality platform company Blippar, Ambarish Mitra, told an audience at the Web Summit in Lisbon, Portugal that within 5-7 years AR will be as ubiquitous as the Internet itself.

RingCentral CEO: All of the Legacy Providers Are in Secular Decline
RingCentral CEO: All of the Legacy Providers Are in Secular Decline

RingCentral founder and CEO Vlad Shmunis spoke with Jim Cramer on CNBC about how they are competing and leading in cloud communications, winning business from huge legacy companies such as Cisco and Avaya.

Former ESPN President Says Streaming is the Future of Sports Viewing
Former ESPN President Says Streaming is the Future of Sports Viewing

There’s very little doubt that the way fans are going to get their sports in the future, in the near future in some places, and in the medium future, other places are through a streaming service. It’s the future of sports viewing.