May 17, 2024
Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
Walmart shouldn’t count on keeping the affluent customers it has recently gained, the retailer’s former U.S. CEO Bill Simon said Thursday (May 16). Speaking on CNBC’s Fast Money, Simon said that when the...
May 17, 2024
Uber Integrates Social Commerce Into Marketplace as Shoppers Seek Peer...
As consumers increasingly look for guidance from trusted friends and content creators to inform their shopping, Uber is integrating a social element into its Eats platform. On Wednesday (May 17)...
May 16, 2024
Walmart’s Q1 Earnings Show Caution on Consumer Spending
Walmart reported better than expected Q1 earnings Thursday (May 16) but that’s not the most important story. The earnings announcement and subsequent analyst call showed a price-driven retailer making adjustments...
May 16, 2024
Grab’s Path to Profitability Paved by Operating Leverage and AI
In a dynamic operating environment, the path to profitability requires focus and discipline. It also frequently requires cutting costs and finding new efficiencies by using technology. Singaporean super app Grab reported earnings results Wednesday (May...
May 16, 2024
The Orchestrated Platform: Why Payments Orchestration Is Not Just for...
Merchant aggregators, marketplaces, platforms — there are many names for these organizations, but there is no doubt that they have risen to the fore in eCommerce. Whether food delivery aggregators,...
May 15, 2024
Autonomous Transport Could Drive Trucking Into Digital Transformation’s Fast Lane
In America, we move most of our goods by road. This makes trucks and 18-wheelers a crucial, even definitive, part of any supply chain. It also highlights the compounding impact...
May 14, 2024
Lyft Extends 70% Pay Standard to Drivers Nationwide
Ride-hailing platform Lyft said it wants to lift its driver’s earnings. Earlier this year, the company introduced a new standard for drivers, ensuring they will always earn 70% or more on fares per week, after...
May 14, 2024
Uber Pays $950 Million for Delivery Hero’s Taiwan Foodpanda Business
Uber is acquiring Delivery Hero’s foodpanda delivery business in Taiwan for $950 million. The deal, announced Tuesday (May 14), is expected to close in the first half of next year and comes as Delivery Hero has...
May 14, 2024
Walmart Reportedly Slashing Jobs and Ending Remote Work
Walmart is reportedly eliminating hundreds of corporate jobs and ending most remote work. That’s according to a report late Monday (May 13) by the Wall Street Journal (WSJ), citing sources...
