Tag Archives: Retail industry

Amazon dominates the smart home; now privacy groups oppose iRobot deal

Since Amazon introduced the Echo smart speaker in 2014, it’s remained the biggest and fastest-growing player in the smart home market. Its most recent expansion includes four new Echo devices, a new Fire TV, two new Ring cameras with features like radar-triggered motion detection, and the Halo Rise contactless bedside …

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Walmart enters the metaverse with Roblox

Walmart is entering the metaverse with two experiences premiering Monday on online gaming platform Roblox. The retail giant’s first foray into the virtual world will feature a blimp that drops toys, a music festival with hot artists, a bunch of different games, and a store of virtual merchandise, or “verch,” …

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China’s e-commerce giant Pinduoduo launches U.S. shopping site Temu

Chinese e-commerce giant Pinduoduo has been behind its rivals Alibaba and JD.com when it comes to international expansion. Now Pinduoduo has launched a U.S. e-commerce site called Temu. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Pinduoduo launched its U.S. online shopping site as the Chinese e-commerce giant …

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Where Amazon is heading in health after the Amazon Care failure

In this photo illustration, the Amazon Basic Care logo is displayed on a smartphone with an Amazon logo in the background. Thiago Prudêncio | SOPA Images | Lightrocket | Getty Images Chalk up another failure in health care for Amazon, one of the ultimate market disruptors. First, its much-hyped effort …

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How Whole Foods has changed in the five years since Amazon took over

Five years ago, Amazon closed its $13.7 billion purchase of Whole Foods, by far the biggest acquisition ever for the e-commerce and cloud computing giant. Since then, Amazon has made a lot of changes to the specialty grocer, from lowering prices to embedding checkout technology in its 500-plus U.S. stores. …

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Peloton to sell fitness equipment, apparel on Amazon

Peloton has struck a partnership with Amazon in a bid to broaden its customer base and win back investors’ confidence, as revenue growth slows from pandemic highs and its stock price plunges. In its first foray outside of its core direct-to-consumer business, Peloton starting Wednesday will be hawking a selection …

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Chinese e-commerce giant slowest growth on record

Chinese technology companies including JD.com are facing headwinds from China’s Covid lockdowns and subsequent economic impact as well as the country’s tighter regulatory environment for technology businesses. Qilai Shen | Bloomberg | Getty Images JD.com beat top and bottom line expectations in the second quarter, but posted its slowest year-on-year …

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China’s Alibaba and Tencent focus on cost cuts amid slowing growth

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Chinese tech giants Alibaba …

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Losses climb 50%, firm to exit Netherlands

A Deliveroo rider near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images Losses at British meal delivery firm Deliveroo swelled in the first half of 2022 while revenue growth slowed dramatically, as the disappearance of pandemic restrictions and a rise in the cost of …

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Why Starbucks, Apple and Google are unionizing now for the first time

For decades, union membership has been on the decline. Yet in the last few months, workers have been organizing at a pace this country hasn’t seen since the Great Depression. Amazon has captured headlines for union drives at its warehouses, including a successful effort on New York’s Staten Island. But …

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