Retail industry Archives

3 Minutes

Technology

FTC seeks to ban fake reviews with new proposed rule

Sources June 30, 2023

FTC Chair Lina Khan speaks during a Senate Commerce, Science and Transportation Committee confirmation hearing in Washington, D.C., April 21, 2021. Graeme Jennings | Bloomberg | Getty Images The Federal Trade Commission on Friday...

1 Minute

Technology

Chinese e-commerce giant Alibaba expands number of physical grocery stores ahead of the unit’s IPO

Sources June 30, 2023

Alibaba’s Freshippo, or Hema, supermarkets are known for their fresh produce like seafood. Alibaba wants to take Freshippo public. Costfoto | Future Publishing | Getty Images Alibaba’s grocery unit Freshippo expanded its number of...

3 Minutes

Technology

European Uber rival Bolt will deliver food to your door via self-driving robots

Sources June 21, 2023

Bolt is set to launch food delivery via robot in partnership with the robotics firm Starship Technologies. Bolt Estonian ride-hailing firm Bolt says it will begin delivering food to people’s doors from a fleet...

6 Minutes

Technology

TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia

Sources May 26, 2023

A merchant sells crystal ornaments via a live TikTok broadcast. CFOTO | Future Publishing | Getty Images TikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast...

12 Minutes

Technology

Amazon’s 100 drone deliveries puts Prime Air far behind Alphabet’s Wing and Walmart partner Zipline

Sources May 18, 2023

Nearly a decade after announcing grand plans for 30-minute drone delivery of items up to 5 pounds, Amazon told CNBC it’s now completed just 100 deliveries in two small U.S. markets. Compare that number...

3 Minutes

Technology

Walmart-backed DroneUp is cutting jobs as drone delivery market struggles

Sources May 16, 2023

A delivery drone takes flight during a functional test at the DroneUp hub in the parking lot at the Walmart Supercenter in Clermont, Florida, United States on March 30, 2023. Walmart customers who live...

3 Minutes

Technology

Amazon is focusing on using A.I. to get stuff delivered to you faster

Sources May 15, 2023

Amazon is increasingly using robotics in its fulfilment centers to carry out repetitive tasks such as lifting heavy packages. Nathan Stirk | Getty Images News | Getty Images Amazon is focusing on using artificial...

2 Minutes

Technology

CEO of Chinese e-commerce giant JD.com steps down after just one year as company swings to profit

Sources May 11, 2023

Signage at JD.com’s warehouse in Shanghai, China, on Mar. 9, 2022. The U.S. Securities and Exchange Commission on Wednesday added over 80 firms to its list of entities facing possible expulsion from American exchanges,...

2 Minutes

Technology

Amazon ‘not concerned’ about wave of unionizing because of competitive pay, benefits, exec says

Sources May 11, 2023

Amazon workers hold GMB union placards on the picket line as they hold a strike outside the Amazon fulfillment centre on January 25, 2023 in Coventry, England. Christopher Furlong | Getty Images LONDON —...

1 Minute

Technology

These are the 2023 CNBC Disruptor 50 companies

Sources May 9, 2023

In the eleventh annual Disruptor 50 list, CNBC highlights private companies that are chasing some of the market’s biggest opportunities, and growing despite a tough capital markets environment and slowing economy. At least 35...