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TECHNOLOGY

  • Home furnishings giant enters ‘gig economy’ with acquisition

    Ikea Group has entered the booming market for on-demand services.      The home furnishings giant is acquiring TaskRabbit, an on-demand services platform company that connects customers with workers, called "taskers," that handle everyday needs such as furniture assembly, moving and packing, general handyman repairs, and home improvements. The price of the transaction was not revealed.  
  • Online giant bulks up its fulfillment network in Ohio

    Amazon is building another fulfillment center in the Buckeye State.   The online giant will open a new 650,000-sq.-ft. warehouse in Euclid, Ohio — its fifth in the state. The company recently announced upcoming fulfillment centers in the cities of Monroe and North Randall, and it currently operates warehouses in Etna and Obetz.  
  • Report: Department store retailer keeps holiday hiring plans under wraps

    Don’t expect to hear specifics about Kohl’s holiday workforce any time soon.   Unlike other chains, including Target and Macy’s, that have announced their plans to hire thousands of temporary workers during the holiday season, Kohl’s is not discussing the number of seasonal hires its will make, according to CNBC.  
  • Study: Cash is still king for U.S. consumers

    Despite the rise of electronic, mobile and contactless payments, physical currency remains a favored choice for consumers in the United States.   This was according to “In Cash Consumers Trust. But How Do Retailers Make it Pay?,” a report from cash technology solutions provider Glory. The study is based on responses from 1,500 consumers in the U.S., U.K. and Australia.  
  • Report: Walmart eyes same-day delivery in New York City

    Walmart could be making another bold move in the online delivery game.   Speaking at an advertising industry event in New York City on Wednesday, Marc Lore, president and CEO of Walmart eCommerce U.S., said that he expects the chain to offer free, same-day delivery  in New York City “very soon,” Bloomberg reported.  
  • Study: Online retailers at risk of losing $2.1 billion this holiday season

    More unauthorized product ads are hijacking the consumer experience — an issue that will cost retailers precious revenue this holiday season.    As unauthorized product ads are injected into consumer browsers — and appear on retailer sites — consumers are distracted from the retailer’s offerings. This disruption – known as online journey hijacking – cuts directly into retailers’ revenue, an issue that could cost companies $2.1 billion this holiday season.
  • Party goods retailer bolsters store fleet with Halloween pop-up shops

    Party City is getting ready for the Halloween rush.   The party goods retailer plans to open up more than 270 Halloween City pop-up stores during its make-or-break season. These locations will bring the company’s store fleet up to more than 1,200 Party City and Halloween City retail outlets.  
  • Discount giant steps up hurricane relief efforts — again

    Walmart is allocating more funds to hurricane relief.    The discount giant announced that it will donate another $5 million in support of Hurricane Maria relief. This is in addition to its previous commitment of $35 million in response to Hurricanes Harvey and Irma.  
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