The move will increase competition against peers such as Alibaba Group Holding and Sea Ltd. In a significant development that sees Amazon.com Inc upping its competition against rivals such as Alibaba Group Holding Ltd’s Lazada and Sea Ltd’s Shopee, the U.S. e-commerce giant stated it has launched a bigger local store and marketplace in Singapore.…
Online sales are forecast to grow at 43.8% to 16.7 billion pounds in the next five years. On Thursday, researcher IGD forecast, Britain’s food and grocery industry, driven by the online and discounter channels, is set to grow by 12.5% to $272.8 billion (217.7 billion pounds) by 2024. Online will be the fastest growing channel…
Wal-Mart is in the process of fixing the issues due to which it had to cut its ties with the logistics firm. In a significant development that marks a setback against Wal-Mart’s efforts to fight Amazon.com in the groceries segment, logistics firm Deliv and Walmart Inc have discontinued their same-day grocery delivery partnership. In 2018,…
Amazon is planing to expand its Prime Now service to nearly all of its roughly 475 Whole Foods stores in the country and not just limit the expansion to Western North America. According to a report from the Wall Street Journal, Amazon.com Inc plans on expanding its Whole Foods Market portfolio by adding more stores…
The warehouse, first of many, will house a hive a robots that can pull together a 50-item grocery order in as little as 5 minutes, thus saving labor time. In a strategic development, Kroger Co has selected Cincinnati for the first of its twenty high-tech warehouses it plans on building with its UK-based Ocado Group…
Tiger Global Management hedge fund led the funding round along with existing investors Coatue Management and Valiant Capital. As per a source familiar with the matter at hand, Grocery delivery startup Instacart has raised an extra $271 million in its latest funding round to $871 million with U.S. hedge fund Tiger Global Management leading the…
This new service deepens Instacart’s relationship with existing partnerships including Germany’s Aldi. Groceries delivery startup Instacart stated it is in the process of launching a new service, Instacart Pickup, across the United States; the service will enable customers to order groceries and choose either delivery or store pickup options. The nation-wide rollout of the new…
Deliveries by self-driving cars from the Fry’s store will cost $5.95 with no minimum order and will be available at addresses within the store’s zip code of 85257. On Thursday, U.S. supermarket operator Kroger Co stated it will begin testing driverless grocery deliveries from today and to do so it has partnered with tech firm…
Its robots help shorten delivering time of groceries by retailers. CommonSense Robotics, an Israeli startup, whose technology enables retailers to provide fast affordable delivery services, stated it has raised $20 million in an early-stage investment round, bringing its total funding to $26 million. The latest funding round was led by Playground Global and included previous…
The move marks the latest effort by companies in Japan to fight Amazon.com from gaining a foothold in the island nation. On Friday, Japanese business daily NHK reported, SoftBank Group Corp, Yahoo Japan Corp and Aeon Co Ltd plan on launching an online retail business. The online retail business will sells all kinds of products…
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