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What banks can learn from Wal-Mart

Chris Skinner

Can Wal-Mart’s Expensive New E-Commerce Operation Compete With Amazon? A recent acquisition spree including Jet.com gives the retail giant much-needed digital chops by Brad Stone and Matthew Boyle from Bloomberg Business Week Last summer, Marc Lore, founder and chief executive officer of e-commerce startup Jet.com Inc.,

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‘Ship-ageddon 2020’ Just Keeps Getting Worse

PYMNTS

UPS imposed shipping restrictions on some large retailers such as Gap, Nike, L.L. FedEx spokesperson Shannon Davis told NBC that “our priority is the safety of our team members and meeting the service needs of our customers,” and that the weather would certainly have an effect on operations. Hot Topic Inc., Newegg Inc.

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The Power Problem Holding Back Supply Chain Digitization

PYMNTS

The technology is often considered a game-changer for supply chain management and logistics operations, able to both elevate the efficiency of operations while connecting corporates to real-time data for deep business intelligence and analytics. Digitization is a big trend, and data is the new currency.

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Walmart’s International Omnichannel Expansion

PYMNTS

Far from its headquarters in Bentonville, Arkansas, Walmart is seeking to deliver stronger omnichannel offerings internationally. The retailer recently announced that it was acquiring online marketplace Cornershop Inc., Through the service, consumers can order goods from pharmacies, supermarkets and specialty food retailers.

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Walmart Names Ex-Amex Exec As Chief Customer Officer

PYMNTS

As competition makes it challenging for retailers to retain customers, Walmart has created a new position of chief customer officer, which will be responsible for its in-store and eCommerce offerings. Prior to her new role, Whiteside worked for American Express for two decades in fields such as customer engagement and relationship management.

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The Future Of In-Store Pick-Up With Lockers

PYMNTS

As retailers expand their omnichannel efforts with in-store pickup, they are faced with a challenge: What is the best way to help their customers retrieve their orders from their brick-and-mortar stores? Amazon has reportedly signed contracts with apartment owners and managers representing more than 850,000 units across the U.S.

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Whole Paycheck Tracker: Amazon Goes Off The Charts; Walmart Announces Layoffs

PYMNTS

Among those numbers: Operating cash flow increased 42 percent to $51.2 Operating income increased to $5.8 As a reminder, Q2 is typically our largest volume quarter for the retail business. What that means is that we can flex into space normally used for second-half peak demand, despite the strong operating leverage in Q2.

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