China’s midyear shopping festival has highlighted a stark reality in its hyper-competitive online retail sector: sellers are finding it harder and more costly to entice buyers.
It’s hard work to make ordering groceries online so easy
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It’s hard work to make ordering groceries online so easyBy Sapna Maheshwari, New York Times
Last Updated: Jun 05, 2021, 11:17 AM IST
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Synopsis
In 2020, online grocery sales rose 54% to $96 billion, or 7.4% of all grocery sales, according to data from eMarketer.
New York Times
Nick Fraser would regularly start his grocery-picking shifts at the local Fred Meyer store at 4 or 5 a.m.
Upon arriving at the Kroger-owned chain, Fraser, who lives in Salem, Oregon, would begin fulfilling online orders, zipping through aisles with a hand-held device and scanning bar codes on everything from cereal and milk to chicken and vegetables. The screen on the device was his guiding light. His goals: to retrieve each item within 30 seconds and to find 95% of a customer’s grocery list.
Flipkart is holding talks with investors such as Canada Pension Plan Investment Board (CPPIB), Abu Dhabi s ADQ, and Japan s SoftBank to raise total funding of around $3 billion
09:51am EDT|
Covid Sent Rent The Runway To The Brink. Now The Fashion Business Is Ready For The Reopening Boom
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In early February 2020, Jennifer Hyman, the cofounder and CEO of Rent The Runway, was in build mode.
Her fashion subscription business, which for $160 a month let customers borrow hundreds of thousands of designer items like Hugo Boss blazers, Marc Jacobs mini bags and Saint Laurent sunglasses, was growing faster than 100% per year. To stoke growth, Hyman was busy sealing deals with designers to deliver more rent-friendly looks and clothing categories to her style-hungry clientele.