Breno Rosso

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Burger King tests order-ahead

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Burger King could potentially gain an edge over McDonald's by releasing a mobile order-ahead feature ahead of its rival in a nationwide rollout set to take place by the end of …

Burger King

Paymentless retail could be the future, says Barclaycard VP of strategy and innovation

The ideal in-store customer experience would be for payments to be an invisible part of the shopping process, says Barclaycard’s vice-president of …

Retail

Warren Buffett just confirmed the death of retail as we know it

"The department store is online now," the billionaire investor said Saturday at Berkshire Hathaway's annual meeting in Omaha, Nebraska, as Business Insider's Bob Bryan reported.<p>"I have no illusion that 10 years from now will look the same as today, and there will be a few things along the way that …

Investing

With Stores Closing Down Everywhere, Here’s What the Future of Retail Looks Like

Ready or not, the future of retail is here.<p>Accelerating expectations for convenience, faster delivery and engaging in-store experiences have sent …

Walmart May Win The Store Pickup Battle, But Not The War With Amazon

Marc Lore, head of Walmart’s e-commerce operations in the U.S., says that one of the things he loves about his employer is its “maniacal focus” on its customers and the way it goes about “finding ways to offer them low prices — every day.” The most recent evidence, according to a company blog post …

eCommerce

The bot invasion is on, powered by $24B in funding

While the manufacturing sector is increasingly using physical robots to improve industrial processes, the market for virtual bots or “chatbots” is also gaining serious traction in the space where humans and computers interact.<p>Bots are essentially software technologies that automate tasks and enable …

How Artificial Intelligence Is Reshaping ECommerce

Discover how artificial intelligence is shaping eCommerce today. The age of AI and machine learning is upon us. Don't let your business get left …

Artificial Intelligence

America’s Retailers Are Closing Stores Faster Than Ever

The battered American retail industry took a few more lumps this week, with stores at both ends of the price spectrum preparing to close their …

eCommerce

Amazon makes it way easier to pay with cash

You no longer need a credit or debit card to shop on Amazon.<p>The online shopping giant just launched a new way for customers to pay cash for items on …

Amazon's cashier-free store breaks when more than 20 people are shopping - ExtremeTech

Amazon’s cashier-free store breaks when more than 20 people are shopping<p>By on March 28, 2017 at 11:22 am<p>This site may earn affiliate commissions from …

Customer Service

Reports point to caution signals for Amazon Go checkout-free store

Amazon Go, the online retailer’s “Just Walk Out” convenience store in downtown Seattle, is still in private beta mode three and a half months after …

Retail Hell: Bankruptcies Now Higher Than During Great Recession

Retail bankruptcies have spiked to levels that have surpassed even those in the Great Recession. But this time, a host of reasons — and not pure macroeconomic forces — are to blame, including Amazon.com’s growing share of online sales.<p>While 2017 is still young, more retailers have filed for …

eCommerce

4 Rules for Successfully Mastering the Subscription Model | Inc.com

It's often said that a successful business begins with a great idea. Though there is truth to this statement, most great business ideas actually stem from a problem or dilemma faced by a consumer -- a fundamental need for an item or product that doesn't exist. Think about it: For as long as …

Here's what Google and Microsoft can learn from Amazon's Cloud service

The distinction is that while search helps regular users access information, cloud computing infrastructure and the related value-added services like analytics help the enterprise organize and access their information. The cloud infrastructure market is booming, growing 49% last year to $38.1 …

Will Retail As A Service Take Off In 2017?

In an age where in-store retail visits are plunging by the billions, many retailers have forgone simply putting exceptional products on its shelves. Additionally, retail operations have become overly taxing and complicated.<p>It’s no wonder that retailers have had to find other ways to reach …

InterAct

Orchard Mile Is Creating Personalized Online Shopping Experiences

From writing your very first business plan to the nitty-gritty daily to-dos of running your own company, it takes a resilient lady to start her own business from the ground up. For Jennie Baik, cofounder and CEO of Orchard Mile, creating an online fashion marketplace wasn’t always the plan. But …

Airbnb is a case study in why tech startups still aren’t going public

Airbnb’s latest funding haul has surpassed all expectations. The company was said last summer be seeking up to $850 million in a round that would value it at $30 billion. In September, a filing showed Airbnb had raised $555 million.<p>According to a new filing on March 9, Airbnb ultimately received …

Venture Capital

Wal-Mart's online sales jump 29% as it works to make inroads against Amazon

The nation's largest retailer keeps working to make headway against the largest online seller.<p>Wal-Mart Stores Inc.drew more shoppers to its namesake stores in the United States and its online sales soared 29% in its fiscal fourth quarter, which covers the crucial holiday shopping season. That's an …

Walmart

How Unilever foiled Kraft Heinz's £115bn takeover bid

Unilever forced Kraft Heinz to abandon its £115bn bid for the company after the Anglo-Dutch maker of Marmite and Flora said it would use every tool at its disposal to fend off a deal.<p>The US consumer goods firm behind Philadelphia and WeightWatchers withdrew its offer “amicably” on Sunday evening, …

Kraft Heinz

Wal-Mart’s ‘test lab’ a sign of the digital times for bricks-and-mortar retailer

An affluent suburb of Hamilton, Ont. is ground zero for Lee Tappenden's discount store of the future.<p>The chief executive officer of Wal-Mart Canada Corp. is touring a supercentre in Ancaster that is designed for the digital age. It makes big bets on some of the retailer's top categories, such as …

Troubleshooting Your Ecommerce Store: What to Do When No One's Buying

When sales slow down, here are five areas of your business to check first.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>As an online business owner, you’ve likely encountered the frustration of low sales. And that's a conundrum because you've reviewed your ad data and seen that …

Unicorn Investors: The Top 5 Firms With the Best Record

For entrepreneurs, especially those with a focus on mobile-first, looking to get funding, here are the top investors to keep an eye on.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Unicorn. Few words are as celebrated in the tech world -- and few, as hated.<p>Coined in 2013 by Aileen …

Why Snap would lowball its IPO valuation

The short answer for why Snap lowballed its initial valuation for its initial public offering is that it probably won’t be that low for long.<p>Normally these prices are set by expectations the underwriters and executives can divine from their conversations with Wall Street. It’s essentially a …

Amazon’s Vision of Drone Deliveries Now Involves Parachutes - MIT Technology Review

What goes up, must … then drop a parcel from a great height.<p>That’s apparently what engineers at Amazon think could happen with its much-touted …

Announcing The 2017 World’s 50 Most Innovative Companies

Amazon, Snap, Chobani, and others are changing the way we shop, eat, play, work, and live in 2017.<p>This year marks the 10th edition of our World’s Most Innovative Companies ranking. Our reporting team sifts through thousands of enterprises each year, searching for those that tap both heartstrings …

7 New Trends Top Companies Use to Separate Performance from Compensation

Whether you place emphasis on teamwork or individual performance, it's essential to research which method will work best for you.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Awarding higher pay and bonuses to top performers seems like the straightforward way to incentivize and …

E-Commerce Habits Aren’t Changing as Fast as You Might Think

By<p>Feb. 13, 2017 10:27 p.m. ET<p>Customers are increasingly opting to buy things from their phones and tablets, but mobile devices have a long way to go …

Mobile

Exclusive: Wal-Mart to tear down walls between store, online buying operations - sources | Reuters

CHICAGO (Reuters) - Wal-Mart Stores Inc (WMT.N) for the first time will combine its own buying for products sold at its stores with purchases it makes for its website, sources said, a significant move to stamp out duplicate efforts as it consolidates buying operations to better fight Amazon.com Inc …

San Mateo County

National Retail Federation estimates 8-12% US e-commerce growth in 2017

<i>This story was delivered to BI Intelligence "E-Commerce Briefing" subscribers. To learn more and subscribe, please click here.</i><p>The National Retail Federation (NRF) declared that it expects total retail sales to grow 3.7-4.2% in 2017, excluding cars, gas stations, and restaurant sales, according to …

eCommerce

8 retailers that are shrinking across America

Just a month and a half into the new year, that prophecy has proven to be true.<p>A wave of store closures has hit traditional retail chains, especially those with a high proportion of locations in malls.<p>Many chains that are closing stores are also facing a very real threat of bankruptcy.<p>Here are …

Wall Street