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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.
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.
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.
Is that banana starting to bruise? Walmart uses thousands of cameras to track what’s going on in stores real time.
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.
Ryan Stephens has seen the future of grocery retailing, and it looks like a banana.
Consumers likely to obtain the most value from 111 Inc are China’s chronically-ill patients, who normally need to pick up repeat prescriptions from hospitals.
Amazon is extending its dominance in US e-commerce, but Walmart is seeing strong gains and is poised to become the number three online retailer, a market tracker said.
Amazon.com Inc chief executive officer Jeff Bezos said the e-commerce giant has exceeded 100 million paid Prime subscribers and will continue to invest to meet “ever-rising” customer expectations.
Tech startups are typically founded by young entrepreneurs with more passion than experience. This is as true in India as it is in Silicon Valley.