We’re going to expand beyond food into other categories such as groceries and pharmacy, essentially powering world commerce.
A survey about online shopping habits indicates that the massive shift to online shopping during COVID will continue after COVID.
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.
The fact is that COVID has already accelerated everything that was taking place in the marketplace says the former co-CEO of Whole Foods, Walter Robb.
Google has announced that it is bringing free retail listings to the main Google Search results page.
They’ve become a familiar sight in shopping malls, but Microsoft has announced it is permanently closing its retail shops.
Luxury online retailer Farfetch, where prices start at around a thousand dollars, had a breakout IPO on Thursday raising $885 million while setting a valuation of $6.2 billion on the company.
Many of them have to evolve and many of them have to change because the consumer is going to change. This crisis, I believe, is going to change consumer culture, their expectations, and what they want from retailers in a really significant way.
Former Walmart U.S. President and CEO Bill Simon sees technology, such as virtual reality, having…