Amazon grew from its business-to-customer model to a business-to-business model with Amazon Business in 2015 in the US. It later expanded to the UK and Germany after drawing more than 400,000 businesses and $1 billion in revenue in its first year of operation, said Bill Burkland of Amazon Business UK.
Apple is trying to attract more Apple Pay users in China by advertising discounts and promotions. Apple Pay entered the Chinese mobile payment market, which is controlled by WeChat Pay and Alipay, in 2016 with little success thus far.
Share prices of UK retailer B&M increased 4% after reports emerged of Walmart-owned Asda's possible £4.4 billion buyout of the discount retailer. The grocer is considering the takeover to stave off its rivals.
China has seen a lot of growth in online retail sales this year as more consumers choose online shopping, according to China Internet Watch data. E-commerce sales, which make up 18% of the retail market, grew 33.4% in the first six months of 2017 compared to only 10.4% in aggregate consumer goods sales.
The UK's largest grocer, Tesco, will offer same-day delivery across the country by August to compete with AmazonFresh. Tesco will expand its fast delivery service from its London consumer base to virtually all British households.
Amazon will refile documents seeking approval for its $13.7 billion purchase of Whole Foods Market, Whole Foods said Friday. The refiling allows more time for US antitrust enforcers to review the deal, which was originally filed about a month ago.
Millennials spend $2,300 more per year on necessities such as groceries, gas and cell phone bills than those over 37 years old, according to a study from Bankrate.com. Older individuals outspend millennials on television and travel, according to the survey.
Actress Rebel Wilson launched a new plus-size clothing line, Rebel Wilson X Angels, at Nordstrom. Wilson, who launched the brand at a Seattle Nordstrom store over the weekend, said she created the line due to her own struggles with finding fashionable clothes.
Hudson's Bay Co., JD.com and other retailers are testing robots that can pick items off warehouse shelves and put them in boxes for shipping, as consumer demand grows for online shopping and speedy delivery. Some of the robots are 50% faster than human employees at moving products including toys and electronics, robotics companies have said.
Walmart is investing $80 million in Plug Power, a forklift company that provides fuel cell-powered machines to the retail giant. Amazon agreed in April to invest $70 million in Plug Power.
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