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 …