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Rakuten Q1 numbers boosted by Lyft acquisition

Wednesday, May 15, 2019

Japanese ecommerce giant Rakuten saw Q1 profit surge after its acquisition of US ride-hailing business Lyft. Profit for the quarter ended 31 March reached JPY113.7 billion from the prior-year figure of JPY28.1 billion. Minus the influence of the ...more

Mercadona invests warehouse automation

Wednesday, May 15, 2019

Mercadona has signed a contract with Cimcorp, integrator of intralogistics solutions, to automate the storage of fresh products in four of its distribution centers, which are under construction. This way, through an investment of EUR120 million, ...more

Alibaba makes Japanese payments push ahead of Olympics

Wednesday, May 15, 2019

With Tokyo hosting the Summer Olympics in 2020, Alibaba’s payments arm Alipay is ensuring retailers in Japan are suitably equipped to deal with an influx of Chinese visitors by expanding the number of merchants now able to handle its payment ...more

Migros invests in Israeli lab-grown steak firm

Wednesday, May 15, 2019

Migros has invested in an Israeli start-up, Aleph Farms, which specializes in lab-grown meat. Aleph Farms is able to reproduce different types of beef cells, such as muscle, fat, and blood vessel cells, to create a structure that closely ...more

Trader Joe's debuts YouTube channel

Wednesday, May 15, 2019

Trader Joe’s has launched a new YouTube channel that provides shoppers and fans with a sneak peek at what happens behind the scenes of the store. So far, the new channel has 19 videos across four categories including Recipes, How It’s Made, ...more

Dino Polska builds Q1 revenue on back of network expansion

Wednesday, May 15, 2019

Polish grocery chain Dino Polska has reported revenue growth of 23% to PLN1.56 billion (USD0.4 billion) in Q1 2019. Like-for-like sales growth was 5%. At the end of March 2019, as a result of opening 33 new stores in Q1, its network numbered ...more

Yoox Net-a-Porter launches shoppable Instagram accounts

Wednesday, May 15, 2019

Yoox Net-a-Porter is launching a service that will allow its customers to purchase products directly through its Instagram accounts. Followers of the Net-a-Porter and Mr Porter accounts will be able to buy fashion items without leaving the app ...more

Walmart US announces free next-day delivery

Tuesday, May 14, 2019

Walmart is launching free next-day delivery on 220,000 general merchandise items from Walmart.com. The delivery service will roll out gradually, with ...more

Walmart Vudu to stream shoppable shows in the US

Tuesday, May 14, 2019

Walmart US’ streaming video service Vudu is expanding into original content and will include a number of shoppable shows. Viewers will be able to purchase products featured in the shows. For shoppers, this could represent the most direct blend of ...more

Schwarz Group sales up 7.4% in 2018

Tuesday, May 14, 2019

Germany’s Schwarz Group, the owner of discount retailers Lidl and Kaufland, saw its sales grow 7.4% in 2018 and that it planned to keep investing heavily despite a challenging environment. Schwarz Group posted 2018 sales of EUR104.3 billion, ...more

Tesco CEO calls for online sales tax to level playing field

Tuesday, May 14, 2019

Tesco Chief Executive Dave Lewis has called on the UK government to enforce an online sales tax to help fund the cut in business rates as store closure numbers are ever-growing.

Lewis has called for rates to be cut by a fifth, with the ...more

Jumia posts higher Q1 revenue

Tuesday, May 14, 2019

Africa-focused transaction and payment ecommerce company Jumia Technologies said first quarter revenue rose from a year earlier on solid results from its recent partnership with Mastercard. Revenue came in at EUR31.8 million in comparison to ...more

Instagram unveils curated account to showcase online merchants

Tuesday, May 14, 2019

Instagram has created a special account called @shop that brings together posts from online merchants that sell products through the image-sharing app. The curated account aims to showcase top shopping categories including fashion, beauty and ...more

Amazon US rolls out packaging automation

Tuesday, May 14, 2019

Amazon is rolling out automation to box up customer orders in the US. The robotic tech scans goods coming down the belt then immediately places the item in an appropriately sized box. The tech was added to a handful of warehouses in recent ...more

JD.com boosts logistics with new partnership

Tuesday, May 14, 2019

JD Logistics, the logistics arm of JD.com, has invested RMB 376 million (USD54 million) in Xinning Logistics, a supply chain logistics service provider in China. The two companies plan to include more than 2 million vehicles in their smart ...more

Showing 46 – 60 of 45054