MEXICO CITY (Reuters) – Inc is getting ready to open a 1 million sq.-foot warehouse close to Mexico City, sources familiar with the undertaking mentioned, part of an effort to boost its presence in Mexico’s nascent e-commerce industry.
The attraction for current retailers is a chance to boost their notoriously low margins by tapping into Alibaba’s expertise and platforms to manage stock, supply chain, and logistics. Stores also can profit from using the tech big’s algorithms to analyse purchasing habits and by shifting to cashless checkouts, powered by Alibaba’s payments affiliate. The NRF mentioned 141 million folks went purchasing not less than once throughout the vacation weekend, up from 139 million final 12 months. But whole spending was anticipated to succeed in $57.four billion for the 4-day period – which incorporates Black Friday, the largest shopping day of the 12 months – down 2.8 {6801aa0d93c4bebbbcadbe18f87c7ff0a9f00a504367b6bb7866def1f1f9d794} from $59.1 billion over the … Read more
NEW YORK (Reuters) – Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent virtually 3 percent less than they did a yr earlier, according to knowledge released Sunday by an trade group.
LONDON (Reuters) – British retailer Marks & Spencer is to trial an online grocery procuring service this yr, it said on Thursday, conceding it could not ignore the fastest growing segment of the market.
HONG KONG (Reuters) – China’s e-commerce giant is abandoning its distinctive promoting point. Alibaba is trumpeting a push into bricks-and-mortar buying. It’s not alone but the stakes are notably excessive for the $392 billion giant led by Jack Ma because it marks a reversal of the asset-light mannequin which fuelled its extraordinary profitability.