In a home improvement market that has been flat, The Home Depot is looking to grow by gaining share among professional contractors and builders, the Financial Times reported Tuesday (April 21). The home improvement retailer, which has traditionally served do-it-yourselfers, has made “Win the pro”...
An Amazon spokesperson said Monday (April 20) that the company looks forward to responding in court to a motion filed by California Attorney General Rob Bonta as part of an antitrust lawsuit launched in 2022. “The Attorney General’s motion is a transparent attempt to distract...
Retail media networks are expanding across retailers, marketplaces and financial institutions, as advertising tied to actual purchases can prove more successful than advertising tied to stimulating the intent to buy. The promise is that brands gain the ability to see whether campaigns drive incremental sales...
Walmart has reportedly discovered warehousing space for its eCommerce war with Amazon: its own stores. The company has begun testing the use of shelves in the back rooms of its stores as a staging location for same-day, third-party merchandise delivery, the Financial Times (FT) reported...
Amazon Web Services has unveiled an artificial intelligence-powered application for better, faster drug development. Amazon Bio Discovery, announced last week, is designed to offer scientists direct access to a wide range of specialized AI models known on biological foundation models (bioFMs) that are trained using...
Live social shopping company QVC Group has begun voluntary Chapter 11 proceedings to implement a comprehensive prepackaged financial restructuring plan. The plan is outlined in a Restructuring Support Agreement (RSA) the company reached with most of its lenders and will “substantially reduce” the company’s debt,...
Amazon pressures sellers using its platform to raise their prices on competitors’ websites if those prices are even a penny lower than Amazon’s, The Guardian reported Thursday (April 16), citing California authorities’ comments on newly unsealed records that were filed as part of an antitrust...
Artificial intelligence (AI) traffic to U.S. retail websites is now converting better than non-AI traffic such as paid search and email marketing, Adobe said Thursday (April 16). In March, AI traffic converted 42% better than non-AI traffic, marking a “major reversal” from a year earlier,...
The retail battle is bleeding over into healthcare. It has been for a while, as healthcare and pharma firms increasingly recognize the benefits of physical retail’s distribution capabilities. But recent headlines from both Amazon and Walmart underscore that as digital distribution starts to equal the...