retail - Tech News from Simmons Systems (Page 2)

Tech News from Simmons Systems

retail

A collection of 52 posts

Warehouse Robotics Firms Push Automation as Amazon Competition Heats Up

Warehouse robotics companies like Berkshire Grey and Locus Robotics secure major funding and explore public offerings to help retailers compete with Amazon's massive automation footprint.

Manchester Startup Peak AI Raises $21M to Bring AI Decision-Making to Non-Tech Firms

Peak AI secures $21 million in Series B funding to expand its platform that helps physical product companies make complex, AI-driven decisions without requiring deep technical expertise.

Cyber Monday Sets Record With $10.8 Billion in Online Sales

Holiday shoppers spend a record-breaking $10.8 billion online during Cyber Monday, marking a 15.1% increase over last year. The historic total falls short of initial forecasts as retailers spread out deals earlier in the season.

Cyber Monday Spending Hits $10.8 Billion Amid Muted Pandemic Holiday Season

Cyber Monday 2020 generates $10.8 billion in US online sales, marking a 15.1% increase over last year despite falling short of initial projections. The pandemic alters consumer habits, pushing total holiday season e-commerce spending past $100 billion.

Alibaba's Singles Day Sales Hit $75 Billion Despite Ant Group IPO Turmoil

Alibaba breaks its own Singles Day record with $75 billion in sales, showcasing China's consumer recovery amid the pandemic. The shopping event unfolds alongside heavy regulatory scrutiny that halts the massive Ant Group IPO.

Amazon Announces October 13 And 14 For Delayed Prime Day Event

Amazon officially schedules its delayed Prime Day shopping event for October 13 and 14 after pushing the typical July date back due to pandemic supply chain strains. The earlier-than-usual timing kicks off the holiday shopping season and prompts retail rivals to plan competing sales.

Amazon Delays U.S. Prime Day, Schedules India Event for August

Amazon officially confirms a delayed Prime Day for the United States due to pandemic-related operational shifts. The company breaks tradition by scheduling India's event for early August separately from the U.S. sale.

Black Friday Online Sales Surge Up to 42% Amid Pandemic Shopping Shift

Black Friday 2020 online sales are on track to reach record highs between $8.9 billion and $10.6 billion as consumers avoid in-store crowds due to the pandemic. Retailers successfully spread discounts throughout November to encourage early digital purchasing.

Pandemic Shifts Amazon Prime Day to Start Holiday Shopping Season Early

Amazon Prime Day moves to October this year due to the pandemic, with experts predicting it will kick off the holiday shopping season and generate up to $10 billion in sales. About two-thirds of consumers plan to shop the event, outpacing traditional Black Friday and Cyber Monday expectations.

Amazon Moves Prime Day to October to Kickstart Holiday Shopping

Amazon is shifting its annual Prime Day event to October 13 and 14 to encourage early holiday shopping and avoid pandemic-related crowds. The company is also hiring over 100,000 seasonal workers to handle the expected surge in online orders.

Pandemic Panic Buying Disrupts Retail AI Models Worldwide

Sudden shifts in consumer shopping habits during the COVID-19 outbreak are breaking machine-learning models trained on historical data, forcing companies to rely on manual human intervention.

California Moves Into Stage 2 Reopening with New Retail and Manufacturing Guidelines

Governor Gavin Newsom announces updated industry guidance allowing retail, manufacturing, and logistics sectors to reopen with safety modifications. Counties meeting specific health criteria can apply for a variance to accelerate their local reopening process.

Walmart Launches Premium Express Grocery Delivery to Cut Pandemic Wait Times

Walmart introduces a new "Express" grocery delivery service that allows customers to pay a $10 premium to skip long lines and receive their orders in two hours or less. The service responds to massive pandemic-driven demand that leaves standard delivery slots booked out for days.

Amazon Launches Local Shops Program in India to Rival Facebook-Jio Partnership

Amazon introduces "Local Shops on Amazon" to digitize neighborhood stores across India, shortly after Facebook's massive investment in Reliance Jio. The initiative builds on Amazon's previous efforts to integrate local kirana shops into its e-commerce network.

GoPro Slashes 20% of Workforce, Pivots to Direct-to-Consumer Sales

GoPro lays off over 200 employees and cuts office space to save $100 million in 2020, largely driven by pandemic-related retail disruptions. The action camera maker is also shifting its primary sales strategy away from physical retail stores to focus on direct online sales.