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SoftBank is selling its entire Flipkart stake to Walmart

SoftBank Group said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart. Walmart said earlier this month it will pay $16 billion for a roughly 77 percent stake in Flipkart, the U.S. retailer's largest-eve...

Read on CNBC>

Target's shift to digital is painful

Good news for Target: Online sales are booming. Bad news for Target: It's spending so much to play catch up to Amazon that it's hurting its profits....

Read on CNN Money>

Why Walmart Is So Eager to Win Your Online Grocery Business

Fresh off a successful push into online grocery pickup, the country's biggest retailer is taking things to the next level. Walmart (NYSE:WMT) is rolling out a grocery delivery service over the next few months that will allow almost half of the U.S. popula...

Read on Motley Fool>

Amazon is under fire for selling facial recognition tools to cops

Amazon has some explaining to do. The online retail giant has been caught providing facial recognition technology to law enforcement in Oregon and Orlando, according to documents obtained by the American Civil Liberties Union through a Freedom of Informa...

Read on Mashable>

Walmart Is #1 on the 2018 Fortune 500 List

That makes six years in a row....

Read on Fortune>

Amazon is making it harder and harder to quit Prime

The membership is one of the most important parts of the company's offerings, and Amazon takes great care to keep it competitive. Prime customers are Amazon's most frequent and valuable customers. CEO Jeff Bezos recently revealed that there were now more...

Read on SFGate>

The New Arms Race In Retail: Convenience - OPINION

The new point of sale is wherever you are or wherever you want it to be, and it’s driven by a demand for convenience. Want us to deliver to you? No problems. Want to click and collect? You got it. Rather hit the store but not go near the checkout? Whateve...

Read on Forbes>

Walmart has quietly launched Jetblack, a ‘members-only’ personal shopping service for affluent city moms

Code Eight, a stealthy personal-shopping startup incubated inside of Walmart, has rebranded itself as Jetblack, Recode has learned. In job listings, the service is described as a “members-only personal shopping and concierge service that combines the con...

Read on Recode>

Walmart beats on earnings and revenues as US e-commerce push pays off

Walmart on Thursday reported fiscal first-quarter earnings that beat expectations on the top and bottom lines, as its e-commerce business rebounded. After a disappointing e-commerce performance last quarter, Walmart said U.S. online sales grew 33 percent...

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Kroger teams with British online grocer to take on Amazon and Walmart

Kroger Co. is showing some fight. The largest U.S. grocery chain, battered by doubts that it can thrive as Amazon and Walmart siphon off food customers, took a big step on Thursday by teaming up with Ocado, a British online grocer known for automated w...

Read on LA Times>

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