Amazon is considering a plan to open up to 3,000 of its cashierless Amazon Go stores by 2021 in cities around the country, according to a Bloomberg report. Among the questions the company is debating is whether they would be convenience stores or focused more narrowly on grab-and-go dinner items, the report said.
Creators of smart devices are not doing enough to protect children's data, states a report by Veronica Barassi of Goldsmiths, University of London. Barassi is researching how big data and AI affect family life, and she writes that "we need to recognize that much of the data that is being collected by home automation technologies is not only personal (individual) data but home life data ... and we need to critically consider the multiple ways in which children's data traces become intertwined with adult profiles."
Employers can retain their best workers in a competitive labor market by offering excellent benefits, promoting from within, communicating one-on-one and discussing career paths, writes Scott Costa. "If you want all of your employees to know that you are seeing their best work, you can do it by announcing promotions on a regular basis," he writes.
Walmart has promoted executive Micky Onvural to CEO of Bonobos, the men's clothing brand it acquired in 2017. The British executive's resume included stints at eBay and L'Oreal before she joined Bonobos as marketing chief two years ago.
Former Saks Fifth Avenue and Ralph Lauren executive Denise Incandela is leading Walmart's effort to raise the fashion bar on its namesake, Jet.com and Shoes.com e-commerce platforms. Incandela's efforts to stave off competition from Amazon include upgrading Walmart's fashion offerings and creating more attractive online images for its clothing across all price points.
Walmart has increased its focus on using the health care market as an avenue for growth, including a deal for over-the-counter sales reached last month with insurer Anthem. The retailer is looking at wellness visits as an opportunity to bring customers into the store, according to Oliver Wyman's Sam Glick.
Tesco has unveiled a new discount store format called Jack's, which is expected to compete with ALDI and Lidl in the UK. The first two Jack's stores will open this week and the concept is on track to grow to between 10 and 15 locations next year, the retailer said.
Neiman Marcus Group has a four-year plan to grow sales at its retail banners including Neiman Marcus, Bergdorf Goodman and Last Call. The plan's 15 initiatives include strengthening relationships with big-spending customers and investing in e-commerce and other digital initiatives, CEO Geoffroy van Raemdonck said.
Luxury automakers Jaguar, Audi, BMW and Mercedes-Benz are preparing to release all-electric SUVs in competition with Tesla's Model X. Audi this week introduced its E-Tron model, which is expected to cost less than the Model X and to feature Amazon's Alexa voice tool.
Amazon, which earned 50 cents of every dollar spent online in the US last year, is impossible to beat at its own game, according to New York University business professor Scott Galloway, speaking this week at Recode's Code Commerce conference. A panel of retailer CEOs said opportunities do exist, such as Shopify's model of working closely with merchants and Macy's advantage of a physical presence.
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