Amazon is much more than a household name, given that more than half of US households already have an Amazon Prime membership, according to Cowen and Company estimates. However, Amazon’s emerging private-label brands have not yet achieved widespread name recognition,… Continue Reading
The past week brought news that Walmart and JD.com, China’s largest e-commerce company by revenue, are expanding the strategic partnership they formed last year. One element of this is the launch of a new shopping event—the JD-Walmart 8/8 omnichannel shopping… Continue Reading
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
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
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
For the Brits, it is election time again! Prime Minister Theresa May announced this week that the UK will go to the polls in a general election on June 8—not even one year since the country’s referendum on EU membership… Continue Reading
We are being hit with a deluge of negative headlines about US retailers—in this publication and elsewhere—which would lead the reader to believe that retail is on the brink of extinction. This is not the case. Although many retailers are… Continue Reading
If there is one topic we are frequently asked about, it is Lidl’s entry into the US market. The German grocery discounter will open its first 20 US stores this summer in three states in the East: North Carolina, South… Continue Reading
This week, the Fung Global Retail & Technology team attended the second annual Shoptalk conference in Las Vegas. The organizers described it as “the nextgen commerce event” and expected more than 5,000 attendees from more than 40 countries. Those at… Continue Reading