Who's opening new stores in airports? Who just bought Art.com? This post is curated to help tune-out some of that noise and turn it into information that matters.
WHAT'S GOING ON IN COMMERCE THIS WEEK?
Amazon wants its checkout-free stores in airports
Sources close to Amazon are stating that the company is exploring bringing its Amazon GO model of grocery stores to airports. To date, seven of the stores have opened in Seattle, San Francisco, and Chicago. While nothing has been publicly inked, airports - where shoppers are time pressed to get to their connecting flights - are a perfect opportunity for speedier transactions.
walmart acquires art.com
The latest acquisition after ELOQUII and Bare Necessities, Art.com was founded in 1998 with the goal of being the largest online retailer in art and decor. With sales of $300 million, the details of the transaction were not disclosed. Art.com uses print-on-demand to allow customers to get what they want when they want it, and also allows visualization of products as they will appear in consumers homes via their app.
Lyft Beats Uber to ipo filing
While Uber's valuation is 5x that of rival Lyft, becoming a public company will give the smaller competitor more money to continue growth. The filing places timing for the IPO in Q1 of 2019, while Uber is expected to do the same mid-year. Financial benefits aside, the IPO will generate marketing buzz for Lyft, which is one key benefit of the filing.
WHAT'S HAPPENING AT SMITH THIS WEEK
Watch Our Webinar on Endless Transformation
You care deeply about your customers and are dedicated to delivering the best products and services. But in today’s disruptive B2B landscape that’s not enough. Endless Transformation is an interactive video webinar that focuses on three core pillars: Transformation, Technology, and ROI. Watch it here
Future Commerce: Untangled
What is future commerce? The companies that succeed will be the ones that champion change even when the status quo is working well today. They will foster a culture of experimentation and constantly iterate to find what works best and quickly move on from what doesn’t. Read it here
If you’d like to discuss these topics further, SMITH can help.
Whether you’re exploring an evolution in your approach to selling by moving to pure ecommerce or a hybrid approach, looking for an edge in operations optimization with augmented reality, or ready to deploy intelligent replenishment for your customers, we can help.