Walmart (NYSE: WMT) wants to counter Kroger’s (NYSE: KR) partnership with Britain’s Ocado Group PLC (LSE: OCDO). Kroger bought 5% of Ocado in 2018.Read more
Consequently, mobile payment apps such as Google Pay and Apple Pay could help you avoid Coronavirus.Read more
Americans downloaded Walmart’s App 113,000 times during the 2019 Black Friday shopping frenzy, Sensor Tower reports. That was a 23% increase over 2018.Read more
I think stablecoins are a more advanced payment mechanism rather than a true cryptocurrency. Therefore, I think Walmart is trying to develop a better payment application for fiat currency rather than an altcoin.Read more
“The focus will be on learning from the technology and not implementing changes to operations in haste,” Walmart writes of the IRL. Thus, Walmart is committing to AI for the long-haul.Read more
Walmart lives is the message the latest financial numbers scream at us. For instance, Walmart (NYSE: WMT) reports a grossRead more
The situation is not that bleak for Abercrombie & Fitch because of the clothing market’s decentralized nature. To clarify, there is more than enough market share for Abercrombie & Fitch (ANF) to survive.
Notably, Amazon Prime had 95 million subscribers in June 2018 up from 85 million in June 2017, Statista calculates. Thus, Amazon Prime is the fastest growing and most important retail outlet in America.Read more
QR code has other advantages including the ability to work with almost any phone with a camera. Moreover, Walmart (NYSE: WMT) accepts QR code apps but not NFC. Hence, Walmart could accept Amazon Pay but not Apple Pay or Google Pay.
Additionally, Walmart offers its own QR code wallet called Walmart Pay. Markedly The Journal did not say if they will integrate Walmart Pay with Amazon Pay.
The $15 an hour minimum wage could have killed 20,000 temporary jobs at Amazon.
To clarify, Quartz estimates Amazon will hire 100,000 temps for holiday season 2018. In contrast Amazon hired 120,000 temporary workers for holiday seasons in 2016 and 2018.
Amazon no longer needs the 20,000 temps because of its deployment of Kiva robots in fulfillment centers, Citi analyst Mark May theorizes. In particular, Kiva robots eliminate workers who pull merchandise from the shelves.
Instead, the robots literally bring the shelves to the workers who pull and pack and the goods for shipment. Quartz claims, Amazon cut the time needed to pull and pack an order from an hour to 15 minutes with robots.
To be fair to Bernie, Amazon would have deployed the robots with or without the $15 wage. In fact, the robots could have made the $15 wage possible by reducing the size of the labor force. Amazon is paying workers more because it has fewer of them thanks to robots.Read more
It should scare brick and mortar retailers because Amazon Go could generate profits similar to Amazon itself.
For instance, Amazon Go could generate up $2,700 a square foot in annual sales per square foot, Brick meets Click, claims. In contrast, Costar estimated Walmart’s annual sales-per-square foot was $325 in 2018.
Thus Amazon Go’s sales per square foot could be seven times those of Walmart’s. However, the Apple Store’s sales per square foot were nearly twice Amazon Go’s at $5,546 in 2017.Read more