Jeremy King, Walmart’s executive vice president and chief technology officer, offered insight during the NRF show on how the company formulates its technology strategy and what technologies it is considering for the future.
Burt Flickinger, managing director of Strategic Resource Group, told CNBC that Walmart is poised to expand its “worldwide dominance in online retail” over the next two years and, in the process, “become one of Amazon’s worst nightmares.”
Companies will spend $130 billion on digital ads this year, according to eMarketer, outpacing the $110 billion spent on traditional ads. The research organization has forecast that digital ads will account for more than two-thirds on ad spending by 2023.
Neighborhood Goods, regarded by some as the future of department stores, has received $14.5 million in its latest round of funding. The money raised will enable the retailer to open a 14,000-square-foot location in New York City. Neighborhoods Goods opened its first store in its home market of Plano, TX.
Epic Games, maker of Fortnite, along with McDonald’s, Nestle SA and others, have pulled ads from YouTube after a video blogger posted a video on his site showing inappropriate comments made about underage girls in other discussion threads.
Both the U.S. Justice Department and the Securities and Exchange Commission have launched investigations over concerns that Johnson & Johnson’s talc-based baby powder and other products may contain asbestos and other harmful ingredients.
Nike is receiving complaints about its new Adapt BB smart self-lacing sneakers from customers who say the app that manages the shoes does not work. Nike has set up a web page to help Adapt BB owners troubleshoot problems with the app.
A data breach in January exposed personal consumer information at more than 65 Dunn Bros. locations in eight states. The coffee chain’s data was hacked through its point-of-sale system.
Customers at about 40 of Kroger’s 121 stores in Michigan have been able to get their groceries placed in paper bags with handles. That will change on March 1 when the grocer eliminates paper bags with handles at all its locations.