Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia – owner and operator of the Carrefour franchise in these regions – and IBM (NYSE: IBM) today announced that Majid Al Futtaim has joined IBM Food Trust, a blockchain-enabled global ecosystem for the food industry run on IBM Cloud. Continue reading
AutoStore, the pioneer and global leader in automated storage and retrieval systems (AS/RS), today filed patent infringement lawsuits in the United States and the United Kingdom against the UK FTSE 100-listed online grocery retailer and technology company, Ocado Group Plc.
AutoStore is seeking court orders barring Ocado and its partner, Tharsus Group (of Blyth, UK), from manufacturing, importing, using and selling technology that infringes AutoStore’s patents, as well as monetary damages. Ocado has signed agreements with retailers such as Kroger (US), Marks & Spencer (UK), and Morrisons (UK) that rely on the continued infringement of AutoStore’s intellectual property. Read more
U.S. department stores are ordering less this holiday season to keep their inventory costs down. Roselle Chen reports. Continue reading
Amazon is developing new technologies to make ready-to-eat meals that are more nutritious than processed foods and have a longer shelf life. Havovi Cooper reports. Continue reading
Nigerian engineer Oscar Ekponimo has created a web app that could help beat hunger. The app connects disadvantaged communities with stores and non-governmental organisations; giving them an opportunity to buy food approaching the end of its shelf life at a discount.
China Central Television (CCTV) – China’s e-commerce giant Alibaba Group has been developing cross-border e-commerce platforms in countries along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, promoting the idea of building a “cyber Silk Road”.
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The deal will accelerate the company’s entry into the Middle East e-commerce market. Amazon separately launched a drive-in grocery service, as Fred Katayama reports. Continue reading
This is the first festive partnership at Harrods, and to mark the occasion Lily switched on both, the lights of Harrods’ iconic storefront windows and the first ever Harrods Christmas tree Continue reading
The pressure to capture a rapidly growing percentage of online holiday sales is pushing Walmart and other retailers to offer deals sooner and sooner. Jeanne Yurman reports. Continue reading
Alibaba’s Singles’ Day sales surged past last year’s 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Graham Mackay reports.