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Wesfarmers bids for Aussie lithium miner Kidman

SYDNEY: Australian retail conglomerate Wesfarmers Ltd has offered A$776mil (US$544mil) to buy lithium miner Kidman Resources Ltd, its second bid in two months to deepen its exposure to high-tech minerals.

Sainsbury takes US$60mil hit on failed Asda deal

London: J Sainsbury Plc took a £46mil (US$60mil) hit on its failed deal to acquire Walmart Inc’s Asda and vowed to invest in improving its stores as it prepares to fight the UK’s supermarket wars alone.

Walmart experiments with AI to monitor stores

New York: Who’s minding the store? In the not-too-distant future it could be cameras and sensors that can tell almost instantly when bruised bananas need to be swapped for fresh ones and more cash registers need to open before lines get too long.

Walmart experiments with AI to monitor stores in real time

Is that banana starting to bruise? Walmart uses thousands of cameras to track what’s going on in stores real time.

Marks & Spencer to pay almost US$1b for Ocado venture

LONDON: Marks & Spencer Group Plc formed a joint venture with Ocado Group Plc to deliver online grocery orders in the U.K., agreeing to pay 750 million pounds ($993 million) for a 50 percent stake in the partnership.

US grocer hopes Redmond QFC pilot with Microsoft will make it ‘retailer of the future’

Ryan Stephens has seen the future of grocery retailing, and it looks like a banana.