Walmart is negotiating to acquire a stake of more than 40% in Indian e-commerce company Flipkart, in a deal that would value Flipkart at more than $12 billion, sources said. The e-commerce firm commands nearly 40% of India's online retail market, and a deal would help Walmart compete against Amazon in India.
Eyeglasses retailer Warby Parker, which launched as an e-commerce business, will grow from 64 to nearly 100 brick-and-mortar stores this year, the company said. The retailer was one of the first pure-play online retailers to expand into physical retail when it opened its first New York City store in 2013.
Amazon has released an updated version of its Alexa Skills Kit Developer Console; it's designed to improve developer workflow. The console has been broken down into four levels of app development: building, testing, launching and measuring.
ITS America has set up a Smart Infrastructure Task Force to discuss deploying new technology for safer transportation of people and goods. The task force will be led by Tina Quigley, general manager of the Regional Transportation Commission of Southern Nevada.
Oreo is hoping to entice consumers with its new augmented reality game, "The Great Oreo Cookie Quest." As with "Pokemon Go," the game uses object recognition technology to lead players on a mobile scavenger hunt to collect points, which they can enter to win a trip to Africa or California.
Wegmans, Publix and Nugget Markets have earned places in Fortune magazine's list of 100 Best Companies to Work For in 2018. All three grocers have managed to make the list, based on employee survey results, for at least nine years running.
Israel's CommonSense Robotics has raised $20 million in financing as it works on ways to automate the supply chain for the grocery industry. It is working to develop "mirco-fulfillment centers," which would be smaller than full warehouses and closer to population centers.
Scannable shelf tags could be a better customer interaction than digital beacons as customers walk through stores, Lisa Lacy writes. Consumers are empowered to scan only those tags that interest them, instead of beacons broadcasting to any shopper with an app open, she writes.
Canada's Weston family, who controls the Loblaws supermarket chain and Shoppers Drug Mart, will pay $3.9 billion through its real estate investment trust to acquire Canadian Real Estate Investment Trust. The deal will expand the Weston's Choice Properties Real Estate Investment Trust to 752 commercial properties.