News
PYMNTS | Amazon Fuses Alexa+ and Rufus Into AI Shopping Assistant
1+ hour, 9+ min ago (420+ words) Amazon has announced a personalized AI assistant called Alexa for Shopping and will roll it out to all U. S. customers over the next week. Alexa for Shopping will be available to U. S. customers on the Amazon Shopping app and website as well…...
Fed Ex Boss Dismisses Threat From New Amazon Logistics Service
2+ hour, 9+ min ago (343+ words) The CEO of Fed Ex says'Amazon's new supply chain service is no threat to his company. "Last week's announcement versus what Fed Ex operates is completely different, Raj Subramaniam'told'CNBC's Jim Cramer during a Tuesday (May 12) edition of the "Mad Money…...
Walmart Cuts or Moves 1 K Jobs Amid Greater Tech Focus
6+ hour, 29+ min ago (454+ words) Walmart reportedly plans to either cut or relocate roughly 1, 000 corporate jobs. The move is driven by the company's effort to bring together its global technology and product teams, the Wall Street Journal (WSJ) reported Tuesday (May 12), citing sources familiar with…...
Instacart Upgrades Fulfillment and Picking Options for Grocers
23+ hour, 48+ min ago (369+ words) Instacart'has introduced what it calls two major updates to its fulfillment platform. "As grocery retailers scale their ecommerce and fulfillment operations, many are still managing picking, delivery, and labor across disconnected systems, creating unnecessary complexity for store teams and inconsistent…...
Amazon Shrinks Delivery Window to 30 Minutes in Some Cities
1+ day, 2+ hour ago (273+ words) Amazon's quick-commerce efforts are getting faster in some parts of the United States, according to a Tuesday (May 12) announcement. The e Commerce giant is expanding its Amazon Now service to several new cities following a pilot effort launched late last…...
31% of Consumers Use Mobile Wallets In-Store as Apple Faces Faster Rivals
1+ day, 9+ hour ago (489+ words) Apple Pay has spent 11 years teaching consumers to tap their phones at checkout, but the bigger story may be how many rivals are now benefiting from that lesson. A PYMNTS Intelligence report, Apple Pay @11: Usage Is Up, but Competitors are…...
Storefront Overhauls Turn Retailers Into Data Hubs
1+ day, 19+ hour ago (349+ words) Walmart, Target and Dollar General are investing billions to connect physical stores more tightly to digital commerce ecosystems and fulfillment operations. As retailers grapple with pressures on discretionary spending and shifting shopping habits, the challenges are mounting to get shoppers…...
Alibaba Aims to Integrate AI Platform and e Commerce Marketplace
2+ day, 17+ hour ago (451+ words) This move is aimed at promoting e Commerce through conversations instead of keyword searches, Reuters reported Saturday (May 9), citing a source familiar with the matter. According to the report, the change will let consumers browse, compare and purchase items via…...
Ace Hardware Faces Federal Lawsuit Alleging Nationwide Price-Fixing Scheme
3+ day, 2+ hour ago (588+ words) Ace Hardware has been accused in a new federal lawsuit of orchestrating an illegal nationwide pricing scheme with thousands of affiliated stores, allegations that could affect millions of consumers across the United States. The proposed class action, filed Thursday in…...
Mercado Libre Sacrifices Short-Term Profits to Fuel Growth
5+ day, 15+ hour ago (364+ words) Mercado Libre's investments in free shipping, a Mercado Pago credit card, first-party selection and cross-border trade drove a 49% year-over-year increase in net revenue and financial income in the first quarter, the company said in a Thursday (May 7) earnings release. That…...