Tag: retail
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Link: Google CEO confirms Target as big cloud customer, continuing retail moves toward AWS competitors
‘Google CEO Sundar Pichai said Target “is migrating key areas of its business to the Google Cloud platform”’ Original source: Google CEO confirms Target as big cloud customer, continuing retail moves toward AWS competitors
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Link: Walmart pick Microsoft Azure for cloud
“Walmart plans to deploy Microsoft’s machine-learning, artificial-intelligence and other services to help employees, for example, pick products that go on shelves and optimize the performance of freezers and other equipment. The retailer is aggressively cutting costs as it invests in growing sales online, and it is using tech to analyze its operations, an area of…
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Link: Grocers Partner For Digital Growth
“Digital grocery is growing at a CAGR of 17% globally but remains less than 3% of the US retail grocery market,” making businesses cases for innovation near impossible. And, with margins averaging 1.62%, only the largest have cash to easily spare. Original source: Grocers Partner For Digital Growth
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Link: Bed, Bath & Beyond – when you wish upon a digital vision…your share price collapses
Pretty extensive layout of a strategy and plans for doing Omni-channel at such a retailer. Original source: Bed, Bath & Beyond – when you wish upon a digital vision…your share price collapses
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Link: How vulture capitalists ate Toys ‘R’ Us
“Just before the buyout, the company had $2.2 billion in cash and cash-equivalents. By 2017, its stockpile had shriveled to $301 million, even as its debt burden ballooned from $2.3 billion to $5.2 billion. Meanwhile, Toys ‘R’ Us was paying $425 million to $517 million in interest every year. This enormous cash drain probably made…
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Link: Federal Reserve chair says ‘Amazon effect’ could be responsible for low inflation
‘The “Amazon effect” refers to the decline in traditional retail employment despite expansion in the overall retail sector. That paradox is occurring because of the explosion of online retail, driven in part by Amazon. As online shopping becomes more efficient and widely-used, fewer traditional retail workers are needed. The Amazon theory purports that lower demand…
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Link: ‘Amazon-proof’ Home Depot builds on its DIY digital foundations
“Versus prior year, our online sales grew 21% in the fourth quarter and 21.5% in fiscal 2017, now representing 6.7% of our total sales. While we are seeing significant growth in our online sales, these online shoppers see the relevance of our stores as approximately 46% of our online U.S. orders are picked up in…
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Link: Kroger is taking a direct shot at Amazon and Walmart and making checkout lanes obsolete – Business Insider
“In 2018, [Kroger] is rolling out a new service to 400 stores that will enable shoppers to scan and pay for their items without checkout lanes, registers, or cashiers.” Link to original
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Omni-channel at Target: 14% of 2016 sales were “digital,” with 68% fulfilled in-store
In 2014, more than 93% of our transactions took place in stores, less than 7% digital. That season we had just started shipping from a small number of stores. In 2015, that same timeframe, digital sales reached almost 10% of our total sales. We more than doubled our ship-from store-capability to nearly 500 stores. We…
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People (say they) will spend more on clothes that actually fit
It’s a sore point for many shoppers, who are ready and eager to spend more on designer clothes if only they were available: 78% of respondents in a recent survey of plus-size shoppers said that they’d be willing to spend more money if designers offered more options, and 80% said they’d likely purchase an item…
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Amazon grocery store has no cash registers, uses phone
Customers scan the Amazon Go app on their smartphone as they enter the store. The company spent four years developing “just walk out” technology, which detects when items are picked up or returned to shelves and “keeps track of them in a virtual cart,” Amazon said. There’s no checkout line — just leave the store…
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Link: Walmart to Close 269 Stores as Retailers Struggle
Closing mostly smaller stores and Brazil. All in, just 3% of stores globally, and opening 300 next year. Sounds more like a re-tooling. There’s good coverage of the US retail climate as well. Source: Walmart to Close 269 Stores as Retailers Struggle
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Link: H-E-B creates online store with nationwide delivery service
HEB is the mega grocery chain, operating in much of Texas. It’s a sort of “mini-globalism” for them to sell globally. A lot of the local, in store brands they have are the kinds of things people visiting home would stock up on when they went back north or abroad, so there’s probably a good…
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Digital transformation progress report – Home Depot builds a digital future
“Last year [2014], about 40% of all the orders generated on homedepot.com actually finished in one of our orange box stores. Customers find it incredibly convenient to be able to pick up a product when they wanted to. They didn’t have to worry about whether or not it was on their doorstep. And so that…
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The Internet is now the check-out isle
I’m not actually mad at either Scalzi or Amazon; I’m getting good entertainment value for money. But I am in awe at the effortlessness with which successive instalments of cash are being whisked out of my wallet. In the hands of someone evil, this could be dangerous. –The Scalzi/Amazon Trap Have you seen that meme…
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PoS Disruption
Local business owners take as a given that they need an ugly, slow, expensive and complicated point of sale system cluttering their counter. –Square unveils new iPad stand dubbed Square Stand The spread of iOS into retail/PoS is a great disruption story playing out right in front of us. The fact that they’re called PoS’s…
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