Uber CEO Dara Khosrowshahi says that Uber Eats is growing at unprecedented rates during the pandemic and he expects the business to do well post-pandemic as well.
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Stitch Fix CEO Says Localization and Brand Marketing are Key
Stitch Fix founder and CEO Katrina Lake says that “we are still early in the journey but have learned a lot in the last couple of years on the marketing front.”
Massive Shift to Online Shopping… And It’s Permanent
A survey about online shopping habits indicates that the massive shift to online shopping during COVID will continue after COVID.
Alibaba Buys Top China Hypermarket In War With Walmart
Alibaba today announced it will invest $3.6 billion in Sun Art Retail Group, a huge hypermarket and supermarket operator in China. Sun Art is the largest retailer in China and competes head to head with Walmart.
Amazon Announces ‘Holiday Dash’ Prime Day Every Day
Amazon wants to emulate the success of Prime Day every day with ‘Holiday Dash,’ a new section on Amazon with daily deals that “equal Black Friday.”
Bed, Bath, & Beyond Doubling Down On Digital
Mark Tritton, CEO of Bed Bath & Beyond, discusses how the company is driving success by leveraging digital with frictionless brick and mortar stores.
Amazon Announces ‘Climate Pledge Friendly’ to Aid Sustainable Shopping
Amazon has announced a new initiative, Climate Pledge Friendly, to help customers shop for sustainable products.
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.”
Slice CEO Leading Digital Transformation Of Pizzerias
Ilir Sela, CEO of Slice, discusses how the Slice app is driving the digital transformation of small pizzerias so that they can compete effectively with the national pizza chains.
Businesses Being Reimagined In A World That Is Now Entirely Digital
How do you reimagine yourself in the context of a world that now is entirely digital? Customers are thinking very actively about how they actually create products and services that essentially create value for customers entirely digitally.
Walmart+ Goes Head To Head With Amazon
Walmart launches Walmart+ a subscription service that competes directly with Amazon Prime and costs only $98 a year or optionally $12.95 a month. Walmart’s membership option is now available to customers across the country. Membership includes free 15-day trial period.
Target CEO: Digital Growth Is Industry Leading – Up 200%
Brian Cornell, CEO of Target, discusses their second quarter earnings report which saw the largest growth in the company’s history.
Big Tech: IBM Deploys Face Mask Surveillance System
IBM has deployed a super intelligent face mask surveillance system for businesses (or government) to discreetly track face mask usage by employees, customers, and anyone who enters a building where their system is installed.
Walmart Partners With Zipline For Drone Delivery
Walmart has partnered with Zipline to deliver health-related products directly to customers. The new service will make on-demand deliveries of select health and wellness products with the potential to expand to general merchandise.
Peloton Moving Toward Subscription Model, Says CEO
John Foley, CEO of Peloton, discusses the likelihood that the company will eventually offer subscriptions for its internet-connected fitness products instead of requiring an expensive purchase.
Kroger CEO: Digital Business Is Up 127 Percent
Rodney McMullen, CEO of Kroger, discusses how their digital business has been particularly key to powering their massive growth amid the COVID pandemic.
Walmart Joining Microsoft in Effort to Purchase TikTok
Walmart is getting in on the TikTok action, joining Microsoft’s bid to purchase the beleaguered social media platform.
Etsy CEO: Anti-Competitive Act By Amazon To Consolidate Market Power
This is going to have tremendous consequences for the 3 million sellers on Etsy should Amazon prevail in this fight. It’s really an anti-competitive act from amazon to consolidate their market power.
FreshDirect CEO: Seismic Shift In How People Want To Buy Food
David McInerney, CEO, and co-founder of FreshDirect, discusses how the pandemic has caused a boom in how people want to buy their food.
Walmart CEO: We Had To Become More Digital
Doug McMillon, CEO of Walmart, discusses how the company has changed to become more digital over the last couple of quarters in response to the pandemic.