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What does the Amazon Acquisition of Souq Mean?

Amazon has agreed to buy the Middle East’s version of Amazon – Souq.com – in a deal worth more than $650 million. Souq, based in Dubai, was established in 2005 as an online auction site but switched to a marketplace with fixed prices and retail website in 2011. It operates throughout the Middle East and […]

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FedEx & Walgreens Partner Up for Pickups and Deliveries

FedEx and Walgreens Boots Alliance signed a multi-year deal in which upwards of 8,000 Walgreens stores will serve as points of service delivery. This means that drop off and pick up of pre-packaged and pre-labeled items will be available at almost Walgreens stores by the fall of 2018. The partnership is similar to one that […]

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Best Logistics Seeks Funding for Expansion and Acquisitions

The Wall Street Journal reports that Chinese logistics and technology provider, Best Logistics Technologies Ltd is looking to raise $700 million in new funding. The latest fundraising round is to aid Best Logistics in expansion as well as to pursue acquisitions ahead of an initial public offering (IPO). The timing and venue for Best Logistics’ […]

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We Want the World and We Want it Now…Now

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By Christopher Moore Almost tomorrow: Everything and anything is expected immediately, the future has past us all by and the drones are above us hovering delivering our desires before we are aware of their flutterings deep in our hippocampus. Artificial intelligence has won the battle against roadside fortune tellers to predict the supposed whims of […]

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Postal Operators and the New e-Commerce World

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By Ian Kerr Postal operators were in the right place at the right time when e-commerce started to take off earlier this century. Posts dominated the B2C parcel market in many countries, so it was natural that postal operators would benefit from e-commerce growth. In recent times, growth in e-commerce has outstripped growth in posts’ […]

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The New Retail Industry

This week kicks off the “official” holiday shopping period here in the US and how traditional retailers versus online retailers fare will be closely monitored. However, an interesting comment from one analyst, Laura Kennedy, director of retail insight at Kantar Retail, noted, “Retailers have finally realized that shoppers don’t see the difference between going to […]

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Battle for Singles Day Supremacy

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Alibaba’s latest quarterly revenue indicates a company still much dependent on its home turf and maybe that’s not such a bad thing. For the 3-month period ending September 30, Alibaba’s total revenue increased 31.7% year-over-year with the China Commerce group leading the way, up 35.1% compared to the International Commerce group, up 13.5% for the […]

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Different Focus but It’s Still About Logistics

Alibaba’s recent announcement concerning its investment of $4.6 billion in Suning definitely created a buzz but what seemed to have taken a backseat was JD.com’s $700 million investment in Yonghui Superstores just a few days prior to the Alibaba-Suning announcement. Interesting announcements from China’s two largest ecommerce providers that tout the benefits of online-offline services […]

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Amazon’s Quarterly Earnings – Profit!

A rarity for Amazon but yes indeed, the company scored an operating income of $464 million for the second quarter 2015 compared to a $15 million loss for second quarter 2014. In addition, net sales increased 20% to $23.18 billion. Wow. By region, North America’s operating income was $703 million compared to $329 million same […]

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Did Walmart Just One Up Amazon?

Just as everyone was getting excited about Prime Day, Walmart announces on its blog, ““We’ve heard some retailers are charging $100 to get access to a sale. But the idea of asking customers to pay extra in order to save money just doesn’t add up for us. We’re standing up for our customers and everyone […]

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