Categories for Commerce

Walmart Patents New Self-Driving Shopping Carts

September 15, 2016 3:36 pm  | Comments: 1 | Views: 10844
Last week the U.S. government granted Walmart a patent for a new system of self-driving shopping carts that the company hopes to roll out in stores across the country in the near future. According to the patent request, the shopping carts would be equipped with a detachable “Roomba-like” motor system that uses a combination of… View Article

Macy’s Plans to Close 100 Stores by 2017

August 12, 2016 6:34 pm  | Comments: 0 | Views: 3342
On Thursday, department store giant Macy’s announced it plans to close 100 stores by early next year, following six consecutive quarters of declining sales. Representing about 15% of all Macy’s department stores, the iconic retailer did not disclose which store locations would close, but said most of them will be shut down in early 2017…. View Article

Amazon Plans to Expand Their Retail Presence & Add More Amazon Prime Benefits

May 18, 2016 9:52 pm  | Comments: 0 | Views: 7824
On Tuesday Amazon CEO Jeff Bezos confirmed the company’s plans to open more brick-and-mortar retail stores and expand Amazon Prime member benefits during the company’s annual shareholder meeting. While still primarily an online retailer, Bezos promised shareholders that Amazon is “definitely going to open additional stores,” but specific details of the expansion remain unclear, including… View Article

Meet the World’s Newest Digital Voice Assistant & AI Game Changer – Viv

May 13, 2016 5:41 pm  | Comments: 1 | Views: 5334
Earlier this week the original creators behind Apple’s Siri, the most well-known virtual assistant in the world, debuted the newest innovation in the artificial intelligence (AI) evolution with the introduction of the next-generation digital voice assistant – Viv. During a live demonstration at TechCrunch Disrupt, Viv cofounder and CEO, Dag Kittlaus, promised Viv will be more… View Article

Ousted American Apparel CEO hands over stake to hedge fund

July 10, 2014 8:21 pm  | Comments: 1 | Views: 2691
(Reuters) – Ousted American Apparel Inc (APP.A) Chief Executive Officer Dov Charney has handed over his entire stake and voting rights in the struggling retailer to Standard General LP, enabling the fund to negotiate directly with the independent directors over the company’s future, two sources close to the matter said on Wednesday. Earlier Standard General… View Article

Amazon Launches Paypal Competitor

June 18, 2014 6:10 pm  | Comments: 0 | Views: 1139
Amazon’s tentacles have reached a new corner of the e-commerce world. The company launched a service Monday known as Amazon Payments that allows consumers to use their Amazon (AMZN, Tech30) accounts to send and receive money and shop online at “thousands of sites other than Amazon.” It’s accessible on both desktops and mobile devices. For… View Article

Coping with a $15 minimum wage in Seattle

June 14, 2014 5:33 pm  | Comments: 0 | Views: 1395
Seattle business owners woke up Tuesday to a city set to have the highest minimum wage in the country, throwing them into uncharted territory. The city council unanimously approved an increase to $15 an hour, which will be phased in over several years. It’s a significant hike, raising the rate more than $5 over what… View Article