Amazon To Add RFID Tech To Just Walk Out Checkout System
Amazon announced on Tuesday that it will be adding radio-frequency identification to its Just Walk Out shopping technology. The online sales giant will be partnering with RFID and digital ID…
Macy’s Gets $5.8 Billion Buyout Offer
Macy’s shareholders are poised to get an early Christmas gift, especially given the performance of their stock of late. Real estate investor Arkhouse Management and asset manager Brigade Capital Management…
Walmart To Scale Back Ad Spends On Social Media Platform X
On Friday, retail giant Walmart announced that it would be scaling back its advertising on X, the company formerly known as Twitter, noting in its statement, “we’ve found some other platforms…
UK Retail Sales For October Plunge
On Friday, Britain’s Office of National Statistics (ONS) reported that in October, UK retail sales fell unexpectedly, as the volume of goods sold in retail establishments and online dropped 0.3%…
Walmart Preparing $9 Billion In Store Revamps
On Monday, US retail chain Walmart said it would invest over $9 billion through a two-year period to upgrade and modernize some of the retail chain’s US stores by improving…
Walmart’s Mexican Division Faces Anti-Trust Regulatory Action
On Friday, the Mexican unit of Walmart said that it will be brought before a government anti-trust panel for, “alleged relative monopolistic practices” In a statement, Walmart de Mexico said…
French Supermarket Marks Items For Shrinkflation
A French supermarket has begun placing stickers on products to warn shoppers that the supplier has shrunk the product without reducing the price, in an effort to name and shame…
August Retail Sales Strengthen As Gasoline Prices Soar
Retail sales strengthened in August as consumers paid more for gas, with the price of oil surging due to production output cuts and dwindling reserves. Retail sales in August were…
Instacart Targets $8.6 To $9.3 Billion Valuation In IPO
The Wall Street Journal is reporting that according to sources familiar with the matter, Instacart, the grocery delivery service, is targeting a valuation of $8.6 billion to $9.3 billion for…
Analysts Says Inditex’s Early Price Hikes Now Allow Larger Price Cuts
Analysts say that Inditex, the owner of Zara, and one of the first fashion retailers to begin raising prices in response to inflation has strengthened its financial position now as…
