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The Dubai mall is the second largest mall in the entire world. But when shopping gets old, check out the amusement park, go go-karting or skating on the Olympic-sized Dubai ice-rink, and more.
With consumer behavior changing due to Covid-19, the convenience store industry could be on the verge of a profound change. -from CNBC
RH is now ambitiously trying to turn it into a global luxury brand providing an array of services. -from CNBC
Amidst all the pressures that 2020 brought, there was creativity and innovation taking place across the retail industry, which we thought deserved to be celebrated.
In the midst of the pandemic, Williams-Sonoma has stood out as a company, its stock price reaching a new all-time high in January 2021, despite many businesses declining. -from CNBC
Here’s a glimpse at what the world of luxury has been doing online to usher in the Chinese New Year of the Ox. - From Alibaba Group
In 2019, payment card fraud losses reached nearly $28 billion worldwide. The United States alone is responsible for more than a third of the total global loss making America the most card fraud-prone.
Walmart, America’s largest grocer, launched a primary care clinic called Walmart Health, in September 2019. -from CNBC
The West needs livestreaming sooner rather than later, especially for struggling sectors such as apparel.
Here are the predictions on how the world of retail will continue to change over the course of 2021 as the pandemic and other factors continue to influence our habits. -from Business News
Livestreaming has gone mainstream in Alibaba’s digital ecosystem. Livestreamers are now online 24/7 and come from all walks of life, from farmers and personal shoppers to celebrities.
Behind closed doors Amazon had been working on an ambitious plan to release almost instant delivery. The goal? Just 30 minutes, from the click of the ‘order now.’ -from Tech Vision
The company says at its height, it was fielding 60 requests for co branded vests, a day. The combination of hefty price tags and a professional-class of super fans earned it the nickname "Patagucci".
The astonishing feat of ferrying hundreds of millions of items. And the modern-day voodoo of deep-learning AI – all of which are made flesh in the most advanced stockrooms the world has ever seen.
Using an advanced AI system, temperature controls, nine miles of conveyor belt, and a fleet of delivery trucks, the company is able to cut out three steps in the normal grocery store supply chain.
Macy’s has long been identified with the start of the holiday shopping season. But the company was hurting even before the coronavirus crisis hit the retail industry. -from WSJ
The biggest shopping festival in the world, this year running 11 days ending November 11. $74.1 billion in gross revenue for Alibaba. -from TDInsights Live
Double 11 or what used to be called Singles Day was an 11 day festival this year reaching sales of $75.1 billion. Here are the 9 winners of Alibaba’s Go Global 11.11 Pitch Fest. -from TDInsights Live
Walmart's potential deal with TikTok may not only change the retail giant, it could reshape how Americans shop online. -from WSJ
There will be five such stores as part of a trial run, and by next year the government plans to authorize around 800, and then about 4-thousand by 2025. -from ARIRANG NEWS
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Finally, My First Benz has Arrived
Continuing our global tour to learn something new, our next stop is Mannheim Germany, where I had a chance to finally ride in my first Benz.
Mannheim is a city located in south-west Germany at the confluence of the Rhine and Neckar rivers. The first mention of the city was in 766 BC. Surprisingly it is the place where you will find the second-largest baroque palace in Europe (Versailles in France is number 1).
The city is famous for several important inventions. In 1817, Karl Drais invented the forerunner to the bicycle. In 1880, the Siemens company constructed the first electric lift. In 1886, Carl Benz invented the world’s first automobile whose replica I am riding in this picture.
Karl Benz was the first person to own a driver's license. After complaints from Mannheim citizens about his car's terrible noise and smells in 1888, he formally requested Grand Ducal Authority for written permission to drive on public roads.
It is believed that the ‘Mercedes’ part of the brand name ‘Mercedes-Benz’ was taken from Mercedes Jellinek, the daughter of businessman Emil Jellinek. Emil was one of the first buyers of Mercedes-Benz cars, and the name stuck,
Mercedes Benz was the first company to create a hybrid car in 1906. Safety crumple zones and anti-lock brakes also first appeared in their vehicles. Additionally, Mercedes-Benz was among the first to test self-driving technology in 1995.
This picture was from a recent Christmas Markets river cruise and it is a clear visual reminder to never stop having fun. Not sure how far I will get with this Benz, but walking through the steps of history was a high-speed thrill after all.
Deloitte 2023 Retail Industry Outlook
The work for retail executives in 2023 is to advance the innovations created during the pandemic: to drive more profit from the curated experiences, last-mile options, and conveniences that retailers rolled out—all at a time when the purse strings may need to tighten. - From Deloitte Read more
The Biggest Global Risks of 2023
One telling observation from the data above is that none of the risks left a majority of experts feeling confident in our ability to prevent the risk from occurring, or prepared to mitigate its impact. As the 2020s are shaping up to be a turbulent decade, that could be a cause for concern. - From Visual Capitalist
How TikTok Could Become a U.S. Company | WSJ
TikTok is at a crossroads, as U.S. concerns about its Chinese ownership grow. Some officials have explored the idea of forcing a sale to a U.S. company. WSJ explains the challenges of making that happen. Read more
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