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Top Ideas on Global Retail and Tech

FBIC TOP 20 RETAIL & TECH TRENDS
1. Ecommercification: More Convenient Payment
2. In-Store Shopping Becomes More Purposeful
3. Webrooming
4. Increasingly Personalized Shopping
5. At-Home Beauty Devices Limit Salon Visits
6. Geofencing and Beacons Enable Location-based Marketing

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Walmart Plays Catch-Up in Investing in the Business

Walmart held its annual investor day today in New York. The presentation focused on Walmart stores in the US and e-commerce. Overall, the company is working to improve its in-store experience and developing a seamless offering through the expansion of its e-commerce/m-commerce capabilities. These efforts, though a long time coming and necessary, could ultimately take time to bear fruit, and the next several years could prove to be a period of transition.

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Doing Business in China

$1.63 billion in sales are made in the first 38 minutes
• 42.6% of sales are made via mobile devices
• The first domestic order is delivered in 15 minutes
• The first cross-border order is delivered in 2 hours
• In 2014, Alibaba offered an 11.11 shopping festival to global shoppers

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Jet.com: The Stealth Fighter with Amazon Squarely in Its Sights

There’s a new e-commerce startup in town—by the name of Jet.com—that’s poised to give Amazon some competition by combining the membership approach of Costco, the broad retail category coverage of Amazon, and some innovative analytics for computing pricing and shipping. The Jet.com team is extremely familiar with Amazon’s competitive advantages as well as its weaknesses, since Jet.com‘s CEO Marc Lore worked at Amazon for a couple of years after it acquired his startup (Quidsi, the parent company of Diapers.com).

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