Representatives of BB Vietnam Investment and Trading Corporation and the Việt Nam Chamber of Commerce and Industry sign an MoU in HCM City on Wednesday to support local firms to expand their distribution system. — VNS Photo HCM CITY — The Vietnamese retail market is highly attractive to investors given the country’s population of over 97 million, rapid economic growth and an increase in income and consumption, a seminar heard in HCM City yesterday. Speaking at the seminar on Multi-task distribution platform- BB Link – Optimal solution for Vietnamese manufacturing firms, Võ Tân Thành, vice president of the Việt Nam Chamber of Commerce and Industry, said retail sales increased by 12.4 per cent last year to US$143 billion. “Many foreign investors have invested in Việt Nam’s retail sector in the past. "Retail ranked sixth among sectors attracting the largest foreign direct investment.” Many large … [Read more...] about Seminar hails Vietnam retail market as attractive to investors
Retail task management system
Inside a Walmart Supercenter in New Braunfels, a robot maneuvers up and down aisles scanning shelves, a Zamboni-like machine scrubs floors and a hulking orange computer tower spits out online orders. The retailer’s personal shoppers fill carts with customers’ online orders, using an app that maps out a path through the store for maximum efficiency. An employee outfitted with a scanning device and plastic bags walks around the store, helping customers skip the checkout lines Behind the scenes, a computerized unloading system helps ferry merchandise off a truck and sort it. A pair of virtual reality goggles, used to prepare workers for the chaotic holiday shopping season, sits on a nearby shelf. “Technology is allowing us to do things that were just not conceivable 10 years ago,” said David Drastata, a Walmart market manager. It’s all part of the upheaval that’s roiling the industry and changing the way Americans buy groceries. Technology is enabling … [Read more...] about Robots, scanners, towers: Here’s how technology is changing retail
By Sarah Nassauer WSJ Kevin Hagen for The Wall Street Journal WSJ Thu., March 21, 2019 Epiphany Davis arrived at work in lower Manhattan on a recent morning, consulted her cellphone and set off by foot in search of products ordered via text message by wealthy New Yorkers. From her company’s loft-like headquarters, Ms. Davis walked to a health food store to get SmartyPants Kids vitamins, but the variety was out of stock. Checking her cellphone often for instructions, she walked to a grocery store for a single bag of Guittard milk chocolate chips. She rode the subway to a Nespresso store for three boxes of coffee pods, then walked to Bloomingdale’s to pick up a $245 navy blue MZ Wallace backpack. Ms. Davis works for Jetblack, a personal-shopping company targeted at mothers launched last summer by a surprising newcomer to the field—Walmart Inc. A few hundred shoppers in New York City pay $600 a year to order anything by text message except for … [Read more...] about Walmart builds a secret weapon to battle Amazon for retail’s future
SAN FRANCISCO (Reuters) - Google has a new cloud computing boss and big ambitions to someday produce more revenue from that business than from advertising. A Google logo is seen at the company's headquarters in Mountain View, California, U.S., November 1, 2018. REUTERS/ Stephen Lam Now comes the hard part: winning over big-spending customers. Alphabet Inc’s cloud computing division remains a distant third behind Amazon.com Inc and Microsoft Corp in terms of global revenue, according to analysts’ estimates. A few major companies manage their data on Google’s servers. But Google has nowhere near the vast customer base of Amazon, according to a new Reuters analysis of company regulatory filings. Businesses generally are not required to disclose their cloud vendors. Reuters found 311 out of about 5,000 worldwide that did so in 2018. While not comprehensive, the data provide a window into Google’s challenge. Thirty five of those companies named Google as … [Read more...] about Google’s new cloud boss has big task to catch rivals, Reuters data…
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Janelle Nanos Globe Staff January 12, 2019 When it opened in 1976, the Faneuil Hall Marketplace was a marvel. More than 100,000 spectators sipped champagne at the ribbon-cutting of the restored Quincy Market, transformed from a tattered wholesale marketplace into a cosmopolitan consumer magnet. Mayor Kevin White, standing on the portico of the Greek Revival landmark, told the assembled crowd: “This market is yours, the public’s. Use it, enjoy it.” In an era when cities sacrificed dearly for revitalization, it was the rare urban renewal story that locals and tourists alike could enjoy.The marketplace’s prominent position on the Freedom Trail, next door to historic Faneuil Hall itself, quickly helped it draw foot traffic that now seems staggering: 32 million visitors a year patronized its collection of quirky local … [Read more...] about Faneuil Hall’s promised retail revolution? We’re still waiting.