- Friday 26th April - 12:21 pm
This week in artificial intelligence (AI) news, as large language models (LLMs) near technical limits, the focus shifts to retrieval-augmented generation (RAG), which combines information retrieval with natural language generation, ...
- Friday 26th April - 11:34 am
With consumer spending increasingly motivated by deals and seasonality, Amazon is gearing up for its tenth-ever Prime Day savings event, as Doug Herrington, CEO of Worldwide Amazon Stores, announced via ...
- Thursday 25th April - 8:15 pm
In Walmart’s sprawling distribution centers, a quiet change is underway.
The retail behemoth is preparing to deploy a fleet of 19 autonomous electric forklifts across four of its facilities, marking a significant step forward in integrating ...
- Thursday 25th April - 12:01 pm
As Walmart looks to speed its digital transformation in an effort to shrink the eCommerce gap between itself and rival Amazon, the retailer is giving digital shoppers exclusive access to get them ...
- Thursday 25th April - 11:50 am
With eCommerce often proving the most convenient option for the practical elements of shopping, consumers are demanding brick-and-mortar retailers provide them with an experience they cannot get online.
Foot Locker on ...
- Wednesday 24th April - 7:22 pm
British antitrust authorities are soliciting opinions on the implications of partnerships between tech giants Microsoft and Amazon and smaller generative artificial intelligence (AI) model developers amid growing concerns about competition and innovation ...
- Wednesday 24th April - 6:31 pm
Investors reportedly expect increased competition in the grocery sector after Amazon’s announcement Tuesday (April 23) of a new grocery delivery subscription benefit.
Walmart and Kroger shares declined 1.8% and 2.3%, respectively, Tuesday, in moves that UBS analyst Michael ...
- Wednesday 24th April - 5:50 pm
As consumers look to buy clothing online, PYMNTS Intelligence research reveals that digital shoppers are increasingly turning to Amazon to meet their apparel needs.
By the Numbers
The PYMNTS Intelligence study “Whole Paycheck ...
- Tuesday 23rd April - 7:21 pm
For Walmart, buy now, pay later (BNPL) may offer the means by which the retail giant pushes even further into financial services and toward super app status.
And the low-hanging fruit ...
- Tuesday 23rd April - 2:36 pm
Consumers find stores’ own online grocery platforms more accessible than third-party marketplace offerings, bucking broader retail trends. Now, major players such as Amazon and DoorDash are trying to win those ...
- Tuesday 23rd April - 10:15 am
Amazon has introduced grocery delivery subscriptions for Prime members and EBT users.
The new service, announced Tuesday (April 23), is launching in more than 3,500 locations around the U.S.
It gives Prime members willing to ...
- Monday 22nd April - 5:08 pm
As artificial intelligence (AI)-powered chatbots become increasingly common in healthcare, questions about their effectiveness and reliability continue to spark debate.
The World Health Organization (WHO) has introduced an AI health assistant, ...
- Friday 19th April - 2:30 pm
PYMNTS Intelligence has closely watched the two leading U.S. retail giants — Amazon and Walmart — duke it out since 2019, sharing our findings in regularly released reports.
As our most ...
- Thursday 18th April - 4:58 pm
Ibotta shares leapt 33% during their debut on the New York Stock Exchange (NYSE) on Thursday (April 18).
The stock debuted at $117 per share after pricing at $88 per share ...
- Thursday 18th April - 4:08 pm
Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller.
Not only do these businesses represent many of the world’s most valuable public companies by market capitalization, but ...
- Thursday 18th April - 12:47 pm
Cart.com is working with Walmart Marketplace to simplify onboarding and help both new and existing sellers grow their sales on that platform.
Customers using Cart.com’s multichannel management platform will be able ...
- Wednesday 17th April - 10:31 pm
Shoppers can now order tires from third-party sellers on Walmart Marketplace and schedule an appointment to have those tires installed at a Walmart Auto Care Center at the same time.
The tires will ...
- Wednesday 17th April - 5:03 pm
After years of being conservative in their spending in response to ongoing economic challenges, shoppers are looking for ways that they can feel more indulgent without breaking the bank, demanding ...
- Wednesday 17th April - 4:02 pm
Amazon is pushing sales of its Just Walk Out technology even as it pulls back on the checkout system in its own grocery stores, a move that comes as tech ...
- Wednesday 17th April - 1:37 pm
Walmart will launch a new service that allows suppliers to combine insights from its data monetization platform with its closed-loop, omnichannel retail media solutions.
This combination of Walmart Luminate insights and the Walmart Connect retail media ...
- Wednesday 17th April - 12:21 pm
Few innovations throughout history have progressed as fast as generative artificial intelligence (AI) has.
And with the news Tuesday (April 16) that Intel, working with several other industry partners, is collaborating ...
- Tuesday 16th April - 7:30 pm
Amazon Live has launched an interactive and shoppable channel called FAST Channel on Prime Video and Amazon Freevee.
This channel will feature Amazon’s “shop the show” technology that allows customers to use their mobile device ...
- Tuesday 16th April - 3:55 pm
Amazon Bedrock now features all three versions of Anthropic’s Claude 3 artificial intelligence (AI) model.
That makes Bedrock the first and thus far only managed service to make all three Claude 3 models — Opus, Sonnet ...
- Tuesday 16th April - 3:01 pm
Last month, Amazon introduced its first-ever Annual Big Spring Sale. Whereas Amazon’s Prime Days events are designed to woo Amazon subscribers into filling their shopping carts with merchandise, the Big ...
- Monday 15th April - 4:00 am
Earnings season has begun, and at least initially, investors seemed nonplussed. Despite resilient consumer spending, inflation’s sticky too — and pressures are evident in the CE 100 Index, especially on ...
- Friday 12th April - 11:28 am
Across restaurants, grocers and nongrocery retailers, self-service is gaining ground, and merchants are making smarter choices about how they apply it.
Take the restaurant industry, where a key concern is balancing ...
- Friday 12th April - 4:02 am
With Amazon having just recently pulled ahead of Walmart in health and wellness, the latter is looking to regain its lead by expanding its presence in the space.
The retailer is adding 18 more Walmart ...
- Thursday 11th April - 3:20 pm
Amazon CEO Andy Jassy published his 2023 Letter to Shareholders Thursday (April 11), outlining how the company is changing and its goals for the future.
It’s a 28-minute read by Amazon’s own count. If you don’t ...
- Thursday 11th April - 11:47 am
To further increase its already substantial share of the retail market, last month Amazon announced its first Big Spring Sale.
The sale ran from March 20 to March 25, and although the eCommerce giant ...
- Wednesday 10th April - 4:45 pm
Google amped up its artificial intelligence offerings by unveiling a slew of new AI-powered capabilities during a keynote presentation Tuesday (April 9) at its annual Cloud Next event in Las Vegas.
To integrate AI capabilities into ...
- Wednesday 10th April - 1:51 pm
Amazon will stop paying developers to create applications — called Skills — for its voice assistant Alexa.
This will end an offering that has been available to developers since 2017 and ...
- Tuesday 9th April - 11:38 am
Shopify is calling in reinforcements as eCommerce solution providers aim to equip brands and retailers to hold their own against Amazon.
Cognizant, which provides digital solutions, technology consulting and IT services to various ...
- Monday 8th April - 10:05 pm
Amazon is scaling back its artificial intelligence (AI) system that lets customers leave stores without having to provide payment, and experts say there are lessons to be drawn from this decision.
The ...
- Monday 8th April - 5:22 pm
The majority of consumers in the United States and Australia want the option to buy retail products online from a single, unified platform that spans a range of their day-to-day ...
- Monday 8th April - 3:55 pm
Cash-back rewards platform Ibotta hopes to raise $472 million when it goes public.
The company on Monday (April 8) filed paperwork with the Securities and Exchange Commission (SEC), saying it planned to offer 2.5 million ...
- Friday 5th April - 11:26 am
How a company spends money — well, that tends to define its strategy. As for how a firm makes money, that all boils down to and supports its business model.
And ...
- Friday 5th April - 4:01 am
As retailers look to find the right combination of technology and human labor to boost their profit margins, Amazon and Walmart have both made changes to how they approach self-checkout in stores.
Amazon is replacing ...
- Thursday 4th April - 8:31 am
The battle against the $101 billion returns fraud problem has reportedly taken a new turn.
It involves sellers on Amazon sending off their wares, only to get “returns” that are in some cases literally junk, ...
- Wednesday 3rd April - 2:16 pm
Since 2019, PYMNTS Intelligence has closely tracked the battle between the U.S.’s two top retailers, Walmart and Amazon, and each quarter we share our findings in our “Whole Paycheck Report.”
As ...
- Wednesday 3rd April - 2:04 pm
Amazon Web Services (AWS) is eliminating hundreds of roles in two of its organizations as it focuses on other areas.
The job cuts will impact several hundred roles in the company’s ...
- Tuesday 2nd April - 5:08 pm
As it redesigns its Amazon Fresh stores, Amazon is removing its Just Walk Out technology.
That technology will be replaced by the company’s smart shopping cart, the Amazon Dash Cart, Jessica ...
- Tuesday 2nd April - 3:52 pm
As retailers feel shoppers’ belt-tightening behaviors hurt sales, many are turning to in-store retail media to increase their revenue and profit margins.
Mega-retailer Walmart, for its part, shared in a news release Monday ...
- Tuesday 2nd April - 1:45 pm
Unified commerce firm Cart.com has acquired Amify to expand its Amazon Marketplace services offering.
Amify, which made a name for itself as the first “Amazon-as-a-service” company, provides merchants with Amazon optimization and advertising solutions.
According to a Tuesday (April ...
- Tuesday 2nd April - 11:27 am
Amazon Web Services (AWS) has reportedly extended its free credits program to cover artificial intelligence (AI) models from other companies.
The program now offers startups credits to cover the cost of using ...
- Monday 1st April - 4:22 pm
Streaming subscription commerce has become a cornerstone of modern entertainment, offering users access to a vast array of content with a simple tap on their screens.
However, in the face of ...