Walmart has sold its entire stake in Chinese eCommerce giant JD.com. The move, announced in a securities filing Tuesday (Aug. 20), comes as Walmart is increasing its own focus on China’s retail sector. Walmart had owned a nearly 10% stake in the company as of late last year, according...
As competition for customer loyalty grows fiercer, brands are sharpening their focus on the post-purchase phase — a critical yet frequently neglected part of the customer journey. Understanding that the relationship with the customer extends well beyond the checkout counter, companies are now crafting strategies...
If there’s been a buzzword through the past few weeks, called out during earnings commentary and in presentation decks, it’s been this: Normalization. Card companies and banks and even some retailers have given the indication that the heights of the pandemic and the post-pandemic age...
Forget Allen wrenches and wordless instructions. IKEA’s latest innovation comes with propellers and algorithms. The Swedish furniture giant is taking to the skies — or at least to the ceiling — with a fleet of artificial intelligence (AI)-powered drones. Their mission is to conquer the...
In the competitive arena of international fashion, Mango and Farm Rio are each pursuing distinct strategies to capture the U.S. consumer market. Both brands, hailing from different points on the globe — Mango from Barcelona and Farm Rio from Rio de Janeiro — are leveraging...
Seizing on millennials’ nostalgia, retail brands are bringing the ’90s back, reintroducing iconic products and styles that defined a generation. Casio’s Baby-G watch, a highly popular accessory in the pre-Y2K decade, is getting a refresh in partnership with “The Powerpuff Girls,” a beloved cartoon franchise...
Kroger has reportedly doubled the value of price cuts it has committed to making if its merger with Albertsons goes through. The grocery store operator plans to lower prices by $1 billion, a figure that’s up from the $500 million in cuts it previously committed...
In the wake of Mars’ recent acquisition of Kellanova, both companies are navigating a digital landscape to assert their leadership in digital innovation. Mars, a global powerhouse with a diverse portfolio spanning pet care, snacking and food, is committed to enhancing its digital footprint. The...
As artificial intelligence continues transforming an array of industries, Walmart and Amazon are competing to harness generative AI to enhance their retail operations and customer experiences. Both are using the technology to gain a competitive edge, but their approaches highlight distinct strategies and priorities. Walmart,...
