Municipalities and states vying to become the site of Amazon's second North American headquarters have offered billions in incentives to the e-commerce giant, which has said it will invest $5 billion in its HQ2 project in the coming years. The window to submit proposals for Amazon's new headquarters closes Thursday.
Alibaba's 11.11 Global Shopping Festival will feature 140,000 brands for the 24-hour annual event that begins on Nov. 10. More details will be released on Oct. 31, company officials said.
Niantic CEO John Hanke says that the future of augmented reality is in smart glasses and that the technology will be common in about five years. An estimated 40 million people in the US will use AR at least once a month this year, and that number should increase to 54 million by 2019, an eMarketer report states.
Hiya, a company developing a smart caller ID system, gained $18 million in funding, with Balderton, Nautilus Venture Partners and Lumia Capital participating. The company will use the funds to update its app and boost its technology.
Canadian grocery chain Loblaw will trim around 500 management- and executive-level jobs as part of a push to increase investments in e-commerce and digital offerings, the company said. "The future is digital and that's not lost on us, the need to make significant investment in omnichannel and e-commerce," spokesman Kevin Groh said.
Traffic on UK high streets dropped 2.2% in September versus a year ago, according to the British Retail Consortium and Springboard. The East of England was the only region in the country that saw a rise in footfall in September, which was its tenth straight month of retail traffic growth.
Early holiday shoppers and higher grocery prices spurred a 3.1% rise in UK retail food sales in the quarter ended Oct. 8, according to Kantar Worldpanel. The country's major supermarket chains booked higher sales, but German discounters Lidl and ALDI generated 50% of the growth during the period.
Distributors must adjust to the prevalence of mobile devices and data, as well as the demand for rapid delivery, said Tom Zatina, president of McLane Foodservice Distribution. A lack of top-tier employees is the industry's biggest threat, said Dot Foods Executive Chairman John Tracy, who is NAW 2017 Chairman of the Board.
SUPERVALU's Q3 wholesale sales of $2.7 billion represented a year-over-year $1 billion increase, and the company reported a lower net loss than during the year-ago period. SUPERVALU also announced it is buying Associated Grocers of Florida for about $180 million.