Retail News CRM

Tag: Etailer

  • Walmart partners with Google for voice shopping

    Walmart partners with Google for voice shopping

    US retail giant Walmart and tech company Google have collaborated on voice technology to assist customers with grocery shopping.

    Starting this month, Walmart Voice Order will allow consumers to order groceries through Google Assistant by saying, “Hey Google, talk to Walmart”.  Google Assistant will then follow the orders directly and add grocery items to their Walmart Grocery cart.

    “We continue to innovate for the future and look to technology to make great services even better in the future. Introducing: Walmart Voice Order,” said Tom Ward, senior vice president, Digital Operations, Walmart US.

    “With the new voice ordering capabilities we’re building across platforms with partners like Google, we’re helping customers simply say the word to have Walmart help them shop … literally.”

    “Best of all, customers can be extra confident that we can quickly and accurately identify the items they are asking for with the help of information from their prior purchases with us. The more you use it, the better we’ll get,” added Ward.

    When shoppers say “add milk to my cart,” the Google Assistant will add the specific milk brand the customer usually buys, meaning there is no need to continually repeat the brand, volume and whether it’s a low fat or whole milk.

    Shoppers can use Walmart Voice Order on Smart Displays like Google Home Hub, Android phones, iPhones, watches, etc.

    “We know when using voice technology, customers like to add items to their cart one at a time over a few days – not complete their shopping for the week all at once. So, this capability aligns with the way customers shop. We can’t wait to hear what they think about it and how it’s making shopping easier for them,” Ward explained.

    Walmart, Amazon competes in the US grocery sector

    Walmart’s latest move comes in light of Amazon’s plans to slash prices at Whole Foods Market and to give major discounts to Amazon Prime members. Amazon also offers voice-activated shopping using its own Alexa-enabled devices, which dominates the US smart speaker market, with 67 per cent market share in 2018.

    “We still don’t see a lot of people shopping and buying with smart speakers yet, but this may change if more lower-cost models begin to incorporate screens. We’re also likely to see people doing more things with their voice assistants as they find their way into cars and other home-based devices,” said analyst Victoria Petrock.

    There are still a minimum number of shoppers who are using speakers to shop. Voice commerce in 2018 accounted for approximately 0.4 per cent of US e-commerce sales. Analysts expect it to increase in the next few years.

  • Meilishuo on the search for IPO in New York

    Meilishuo on the search for IPO in New York

    Online fashion retailer Meilishuo, backed by Tencent Holdings, is seeking an IPO in the US that could value the start-up at about US$4 billion.

    Many tech corporations in China opt for New York for their debut listings as it offers a wide investor base and higher international profile.

    Meilishuo is reported to be talking with investment banks about the move.

    Founded in 2009, the company sells clothes, shoes and handbags. In 2016 it had about 15,000 merchants on its website and a mobile app that had been downloaded 100 million times. That year it merged with rival Mogujie, which was founded in 2011 and had about 130 million registered users. The re-formed company was valued at $3 billion.

  • Lingerie e-tailer Adore Me expands offline

    Lingerie e-tailer Adore Me expands offline

    Lingerie e-tailer Adore Me says it plans to open between 200 and 300 stores during the next five years. The company will make its brick-and-mortar debut in New York City within the next few months, followed by up to 10 locations this calendar year and another 20 next year to gauge foot traffic in different locations.

    The offline expansion will accelerate in subsequent years.

    Adore Me founder and CEO Morgan Hermand-Waiche told The Wall Street Journal that online retailers need a physical store presence in order to compete with mainstream retailers.

    “Victoria’s Secret is the big guy in the room. Even if we are successful for a digitally native brand, we will remain small compared to Victoria’s Secret.”

    Adore Me is considering new formats for its stores, including bars where shoppers can relax with friends and showrooms allowing customers to try clothes on and have purchases shipped to their homes.

  • DHL ecommerce to launch its Indian operations

    DHL ecommerce to launch its Indian operations

    Mail and logistics group Deutsche Post DHL (DPDHL) is expanding its dedicated e-commerce logistics service- DHL e-commerce- in India. The company has been testing e-commerce logistics business in India through its Indian subsidiary Blue Dart Express since 2014.

    The publication reports that Germany-headquartered DHL eCommerce has hired former Reliance Jio marketing head Neeraj Bansal and will be roping in more senior executives to kickstart its operations in the country by March 2018.

    DHL ecommerce has previously made many investments in the country through its BlueDart Express subsidiary. However, the publication added that BlueDart and DHL eCommerce will not be competing against each other but rather co-exist.

    Recent developments in the logistics segment in India

    While there are a number of standalone logistics companies in India. E-commerce players too have started having their own logistic arms in the country.

    Amazon: In November, Amazon India’s logistics arm Amazon Transportation Services (ATS) further received funding of Rs 130 crore from its US-based parent Amazon Inc. Before that, ATS received Rs 207 crore worth of funding from Singapore-based Amazon Corporate Holdings and Amazon Malaysia, in June, and before that, it had received Rs 67 crore in September 2016.

    Flipkart: Etailer Flipkart also owns a logistics arm eKart, in which it invested Rs 961.4 crore in October. In April, Flipkart-owned online fashion website Myntra acquired Bangalore-based logistics startup InLogg.

    Hippo: Hippo Innovations Private Limited, which runs the DIY mobile e-commerce platform StoreHippo, launched an e-commerce logistics solutions aggregation platform called ShipKaro, in October. At present, it lists standalone companies like Delhivery, Aramex, FedEx, Ecom Express, Holisol, Blue Dart, Bombino Express, DTDC, Book A Wheel, Gati, OnlineXpress, Vegostics, and Xpressbees as carrier partners. It claims to deliver to over 20,000 PIN codes across India.

    The government of India: In October, the government of India launched the International Tracked Packet service, which provides cross-border shipping for the e-commerce sector in the Asia-Pacific region. This service is provided by the Department of Post, and offer features like track & trace, volume discounts, pick up facility, and compensation for loss or damage.

    In terms of standalone companies, there are firms like Ecom Express, Locus, Delhivery, Rivigo, Loadshare, Blackbuck, and also NSE-listed Gati, which invested in Browntape.com in November, which is a service which enables vendors to sell on multiple marketplaces with the same pool of inventory, and give them access to data, marketing and technology.

  • Amazon Global Selling to take Korean products everywhere

    Amazon Global Selling to take Korean products everywhere

    Amazon has revealed plans to help South Korean sellers make international sales via its Amazon Global Selling program.

    Amazon laid out its plans during its first press conference in South Korea dubbed the ‘Global Selling Conference’, which was held at COEX this week. The international shopping giant discussed its global selling service, ‘Amazon Global Selling,’ which allows sellers to sell items to other countries without the help of a customer service center or local distribution centre.

    According to the company, using its global selling platform can enable South Korean sellers to reach up to 300 million people in 185 countries across the world. Amazon Global Selling not only provides sellers with access to the international market but also provides help in dealing with common problems such as refunds, returns, and issues surrounding international delivery.

    Using Fulfillment by Amazon, a one-stop order processing service, sellers can use the distribution center owned by the shopping giant from which the rest of the selling process will be handled by Amazon.

    “Though domestic online sales are common, international online sales are still at an early stage in South Korea. We plan to actively help South Korean companies maximise their sales during the most eventful days of the year such as Black Friday, Cyber Monday and the Christmas season,” a company spokesperson said.

    Amazon Global Selling was first launched in 2015, and now the international company is set to begin the Korean language service of its portal ‘Seller Central’, as well as providing education programs for South Korean sellers.

    During the press conference, which was held in the presence of more than 1000 officials ranging from business partners and government officials to people interested in working with Amazon, Cindy Tai, the head of Amazon Global Selling-Asia, explained the conference was held two years after the global selling service was launched in the country, as an active community has been built only recently.

    Amazon’s move to help South Korean online sellers is set to see competition intensify in the online sales market, as similar services are already being operated by the likes of GMarket and 11street.

    With the growing number of people who wish to sell their products online in the international market in South Korea, some industry sources believe Amazon’s decision to introduce localised support programs for online sales is part of their effort to boost their competitiveness by training online businesses with potential and encouraging them to use their platform.

  • Indonesian online retailer Bhinneka plans IPO to fund expansion

    Indonesian online retailer Bhinneka plans IPO to fund expansion

    Indonesian online retailer PT Bhinneka Mentari Dimensi is planning an initial public offering (IPO) in 2018 to widen its reach, one of its directors said on Thursday, as the e-commerce battleground heats up in Southeast Asia’s biggest economy.

    The e-commerce market in the country of 250 million people is ripe with potential but it is fragmented and comes with complex regulatory and logistical barriers.

    “Our objective to go public is for scaling,” director Andi Boediman said, adding that the company plans to expand its store network and strengthen its supply chain while investing in technology and marketing.

    The company operates online through Bhinneka.com, with customers able to have purchases delivered to their homes or its physical stores, which also serve as retail outlets for the electronic goods specialist.

    Bhinneka is in a good position to attract investors, Boediman told reporters on the sidelines of a conference in Jakarta.

    “We are an online retailer that is focused and reasonably sizeable,” Boediman said, adding that revenue “at least doubled” last year and that he expects a strong performance in 2016.

    Bhinneka decided to pursue an IPO in Indonesia because it can be a dominant player on its home ground, Boediman added. He declined to disclose how much the IPO is expected to raise or the company’s financial figures.

    The company’s domestic rivals include SoftBank-backed Tokopedia, Blibli and Indonesian conglomerate Lippo Group’s MatahariMall.com. Lippo is also considering an IPO for its e-commerce business, a director said in February

    The Indonesian market is still growing while being supported by a large consumer base, said David Rimbo, managing partner for transaction advisory services at Ernst & Young in Indonesia.

    “I think the timing is right for Indonesian players to actually realize basically decent valuations,” he said.