Sector: Grocery
Amazon To Open Brick And Mortar Shops
Online retail giant Amazon.com Inc. (AMZN) is planning to get back into brick and mortar shops as the company is looking to open large departmental store-like facilities, reported WSJ on Thursday. The stores are expected to follow the concept of the in-business departmental store brands like Macy’s Bloomingdale’s Inc. and Nordstrom Inc., but will be … Read more
SC rules in favour of Amazon against Future-Reliance merger deal
The Supreme Court on Friday ruled in favour of e-commerce giant Amazon against the proposed ₹24,713-crore merger deal between Future Retail Limited (FRL)and Reliance Retail. A Bench of Justices Rohinton F. Nariman and B.R. Gavai upheld the validity and enforceability of a Singapore-based Emergency Arbitrator (EA) award, which restrained Future Retail Limited (FRL), India’s second … Read more
A former Amazon executive is quietly building a new $1 billion business inside Instacart that’s trying to rival Facebook and Google
Instacart’s ad business generated hundreds of millions in sales last year. It’s led by an exec who grew Amazon’s ad operation into a Google and Facebook competitor. Some advertisers say Instacart doesn’t share enough strong data to make it worth larger investments. See more stories on Insider’s business page. Instacart is building an advertising business … Read more
Future belongs to organizations that can lead the digital revolution: Mukesh Ambani
For Reliance Industries’ Chairman, Mukesh Ambani future belongs to organizations that will lead and leverage the digital revolution. In his address to shareholders in the company’s annual report released on Wednesday, Ambani said, “As technology becomes a driving force in all businesses and facets of life, the future belongs to organizations that can lead and … Read more
Walmart is pulling plug on more robots
At Walmart Inc., the robots are losing their jobs. The retailer is phasing out the hulking automated pickup towers that were erected in more than 1,500 stores to dispense online orders. The decision reflects a growing focus on curbside pickup services that have become more popular during the Covid-19 pandemic and continues a broader retreat … Read more
Meituan CEO raises $10 Billion to develop promising technologies
While Alibaba is the dominant force in e-commerce with a global reputation, Wang, a generation younger, has built Meituan into a fearsome rival, the world’s largest delivery empire with ambitions to encroach on Alibaba’s home turf. There’s also years of bad blood between the two companies after an early alliance broke down. Now Wang, 42, … Read more
I tried Walmart’s grocery pickup and now I’m never going back to shopping in store
Curbside pickup got a major boost because of the pandemic as customers avoided going into stores. Experts predict that the shift to online grocery delivery will continue even as the pandemic subsides, and COVID-19 advanced the industry several years.I’ve been doing curbside pickup at Walmart since the summer using Walmart’s app. Here’s what it’s like. … Read more
India’s consumption market likely to triple by 2030, says BCG report
A new report by Boston Consulting Group (BCG) says India’s consumption market is back on the growth track after a year, having been disrupted by the pandemic. While growth projection for the consumption market was made before Covid-19 struck, BCG says that the economy has completely unlocked and there has been an uptick in demand … Read more