American retailer Walmart has increased its sales by 2.5 % over the third quarter, predominantly driven by strong sales of fresh food and beverages. Online sales also rose sharply.
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Amazon has confirmed that it will launch a new supermarket chain, beginning with a Los Angeles store that should open early next year - at the latest. With this new concept, the company is primarily hoping to seduce the average American.
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Amazon is making home deliveries of fresh food and groceries free-of-charge for Prime customers in the United States. This aggressive move is likely to finally lead to a breakthrough in the food sector.
Amazon has published rather disappointing quarterly results: although sales climbed slightly higher than expected, net profit fell by a quarter.
Early next year, Mark Parker will resign as CEO of sports brand Nike. He will be succeeded by John Donahoe, currently CEO at Paypal and former CEO of eBay.
Retail Business Services, Ahold Delhaize's American technology branch, has announced that it will introduce its self-scan and payment application 'ScanIt Mobile' in some thirty stores by the end of the year.
Amazon is currently in talks to make the technology behind its cashierless Go stores available to other parties, such as retailers in airports and cinemas.
American fashion chain Forever 21 has filed for bankruptcy protection under the 'Chapter 11' procedure. This will ensure the company is protected from creditors and can undertake a restructuring.
Consulting firm McKinsey has opened an experimental store in the Mall of America, where retailers can test and analyse all kinds of technologies intended to transform the shopping experience.
The board of directors at eBay has appointed former CFO Scott Schenkel as interim CEO to replace Devin Wenig. The company is now searching for a permanent successor and is considering both internal and external candidates.
Sports brand Nike exceeded all expectations in its latest quarter: especially in China, the sports manufacturer sold significantly more, pushing its share price to a record height.
Walmart, the world's largest retailer, has stopped selling e-cigarettes at all its stores (including Sam's Club) in the United States. There is the possibility that E-cigarettes might cause lung diseases.
By 2040, Amazon wants to be completely carbon neutral. This is the promise made by CEO Jeff Bezos in a new climate commitment, motivated by employee actions. A huge fleet of electric cars would boost this objective by 2021.
In Dallas, Walmart has opened an extensive health centre, in addition to renovating the hypermarket. This is how the world's largest retailer wants to gain a foothold in the lucrative health market.
According to sources at Amazon, the web giant has changed the search algorithms in order to rank both its own products and more profitable products higher in the search results.
The world's biggest Starbucks, spanning 4,000 sqm on four floors and featuring its own cocktail bar and a pizza restaurant, is to open in Chicago. It is one of the chain's new flagships under the ‘Reserve Roastery’ banner.