Some of the biggest retailers are using artificial intelligence (AI) to help dictate their return policies.
Walmart is taking aim at one of Amazon’s biggest benefits, fast shipping, by using its stores to speed up delivery.
Former Walmart U.S. President and CEO Bill Simon sees technology, such as virtual reality, having a big impact on traditional brick-and-mortar retail, according to CNBC. Simon served as President and CEO of Walmart U.S. from 2010 to 2014, giving him…
“A set of facts could be put forward that would support that (they are destroying the retail landscape),” says former Walmart CEO Bill Simon. “Do I want to go out of business because I’ve lost my sales by not matching them on price? Or, do I want to go out of business because I’ve matched them on price?”
Walmart and Comcast are in talks to partner on smart TVs running Comcast’s software.
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.