Prime Day’s Importance Lies in Driving Reconsideration, Not Just Sales

Hagerstown, MD, USA - May 29, 2015: Image of an Amazon packages. Amazon is an online company and is the largest retailer in the world.

This week saw Amazon offer up its third annual Prime Day—a feast of special offers available exclusively to Amazon Prime members. By the time this is published, many readers will have seen a slew of statistics on the sales values… Continue Reading

The Third Annual Amazon Prime Day Is Coming in Mid-July

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As we look forward to the Fourth of July holiday and start easing into the dog days of summer, we also approach a major, if recently invented, shopping event—Amazon Prime Day—which will celebrate its third anniversary on Tuesday, July 11.… Continue Reading

Amazon Takes a Bite Out of the Grocery Market

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Amazon Takes a Bite Out of the Grocery Market Amazon’s planned purchase of Whole Foods Market is one of the most startling retail news stories of this decade, for several reasons: It is Amazon’s largest acquisition by far. The company… Continue Reading

Loyalty Programs Are About More than Just Loyalty (Hint: It Is the Data!)

Taipei, Taiwan - March 7, 2012: starbucks coffee shop in Taipei station front metro mall. It's the most popular coffee shop in Taiwan.

Retail loyalty programs have a long history in the US. According to rewards program solutions company Smile.io, these programs started in the 18th century, when retailers would give customers copper tokens that could be redeemed for future purchases. Starting in… Continue Reading

Walmart Rapidly Evolves Its E-Commerce Offering

Walmart Shareholder Meeting with Source

In recent months, Walmart has made a flurry of innovations and acquisitions as it seeks to strengthen its multichannel offering and ultimately compete more strongly against Amazon. Walmart acquired Internet pure-play retailer Jet.com in September 2016, online outdoor retailer Moosejaw… Continue Reading

A Visit to the New Amazon Bookstore in New York City

Amazon Bookstore New York City

The Fung Global Retail & Technology team recently visited the newly opened Amazon Books location at The Shops at Columbus Circle in New York City. This is Amazon’s seventh bookstore, and follows store openings in California, Illinois, Massachusetts, Oregon and… Continue Reading

Aussies, Get Ready for Amazon!

Amazon 750v2

Australia is next on the list to get the Amazon treatment. The online giant has finally confirmed long-standing rumors that it will launch a full offering in the Australian market, although it has not specified when. In March and April… Continue Reading

The Store of the Future Will Build A Sense of Community – Top Takeaway from the NACDS Meeting

Community Ropes

Last week, the Fung Global Retail & Technology team attended the 2017 National Association of Chain Drug Stores (NACDS) Annual Meeting in Scottsdale, Arizona. Below are our key takeaways from the event. 1. The Store of the Future Will Build a… Continue Reading