Amazon is crushing Walmart, eBay, and Target in the growing mobile shopping space
Amazon CEO Jeff BezosAP Photo/Ted S. Warren Amazon is already the largest online shopping site in the world, but it's also showing signs of dominating the next most important shopping platform: mobile shopping. According to a new note published by Oppenheimer this week, Amazon's lead in the mobile shopping space is growing by a wide margin, tripling the number of US unique visitors to its mobile app over the past two years. Meanwhile, its biggest competitors like Walmart, eBay, and Target saw almost no growth in the same time span. On top of that, Amazon's mobile app is increasing its penetration rate in the US, with 50% of US online shoppers now on its app. "At the end of 2014, Amazon had roughly the same number of mobile unique visitors as Walmart and eBay, in the US. As of December 2016, Amazon has more unique visitors than the apps of those two companies’ combined," Oppenheimer wrote in the note. "Amazon is well positioned to benefit from the shift to mobile shopping," it added. Oppenheimer These changes are particularly important for Amazon as more online shopping is expected to move from desktop PCs to mobile devices (typically smartphones or tablets) in the near future. BI Intelligence forecasts mobile commerce sales will reach $284 billion, or 45% of the total US e-commerce market, by 2020 — up from $33 billion, or 11% of the total US e-commerce market in 2014. SEE ALSO: Amazon has a clever idea to put itself in the middle of the self driving car market NOW WATCH: Why Korean parents are paying for their kids to get plastic surgery Loading video...
Intel wants sensors to help you with your shopping
© Provided by Engadget As quickly as technology is reinventing your shopping experience, Intel doesn't think it's moving quickly enough. The chip giant is launching a Responsive Retail Platform that creates a common set of sensors, software kits and other components for in-store tech. It promises to speed up inventory tracking, provide feedback on buying habits and personalize your shopping. Stores might not have to cobble together separate solutions or make their own -- they'd just have to turn to Intel and partners for everything they need. The company is also backing up its words with cold, hard cash. It's investing over $100 million into the retail industry over the next 5 years to help get the ball rolling. It's not certain just what a complete Intel solution looks like. However, the company is showcasing the kind of technology it wants to see. Simbe Robotics' Tally keeps tabs on store shelves, for instance, while ShopperMXTM HIVE gives retailers a virtual reality preview of store layouts. In short: if it's Intel-powered and pushes technological limits, there's a good chance the company is thinking about it. Intel probably isn't the first name you associate with retail, but it certainly has clear incentives to jump into this space with both feet. More than anything, it's a way to accelerate Intel's fledgling Internet of Things business -- someone has to design the sensors those stores will use. It also serves as one more hedge against a declining PC industry. It's hard to know if shops will welcome Intel with open arms, but something tells us that the company is willing to wait until people warm up to its presence. Intel Newsroom (1), (2)
China Goes Food Shopping—to Russia
KHABAROVSK, Russia—When Chinese delegations visit the sprawling Central Food Market in Khabarovsk, 18 miles from the Russia-China border, they head for the main attraction: butcher stalls heaped with pork, chicken and beef. “They come to see what our quality of meat is like,” said Valery Slutsky, head of advertising for the market, where more than 3,000 vendors sell everything from honey and caviar to cottage cheese and Siberian...
Amazon CEO Jeff BezosAP Photo/Ted S. Warren Amazon is already the largest online shopping site in the world, but it's also showing signs of dominating the next most important shopping platform: mobile shopping. According to a new note published by Oppenheimer this week, Amazon's lead in the mobile shopping space is growing by a wide margin, tripling the number of US unique visitors to its mobile app over the past two years. Meanwhile, its biggest competitors like Walmart, eBay, and Target saw almost no growth in the same time span. On top of that, Amazon's mobile app is increasing its penetration rate in the US, with 50% of US online shoppers now on its app. "At the end of 2014, Amazon had roughly the same number of mobile unique visitors as Walmart and eBay, in the US. As of December 2016, Amazon has more unique visitors than the apps of those two companies’ combined," Oppenheimer wrote in the note. "Amazon is well positioned to benefit from the shift to mobile shopping," it added. Oppenheimer These changes are particularly important for Amazon as more online shopping is expected to move from desktop PCs to mobile devices (typically smartphones or tablets) in the near future. BI Intelligence forecasts mobile commerce sales will reach $284 billion, or 45% of the total US e-commerce market, by 2020 — up from $33 billion, or 11% of the total US e-commerce market in 2014. SEE ALSO: Amazon has a clever idea to put itself in the middle of the self driving car market NOW WATCH: Why Korean parents are paying for their kids to get plastic surgery Loading video...
Intel wants sensors to help you with your shopping
© Provided by Engadget As quickly as technology is reinventing your shopping experience, Intel doesn't think it's moving quickly enough. The chip giant is launching a Responsive Retail Platform that creates a common set of sensors, software kits and other components for in-store tech. It promises to speed up inventory tracking, provide feedback on buying habits and personalize your shopping. Stores might not have to cobble together separate solutions or make their own -- they'd just have to turn to Intel and partners for everything they need. The company is also backing up its words with cold, hard cash. It's investing over $100 million into the retail industry over the next 5 years to help get the ball rolling. It's not certain just what a complete Intel solution looks like. However, the company is showcasing the kind of technology it wants to see. Simbe Robotics' Tally keeps tabs on store shelves, for instance, while ShopperMXTM HIVE gives retailers a virtual reality preview of store layouts. In short: if it's Intel-powered and pushes technological limits, there's a good chance the company is thinking about it. Intel probably isn't the first name you associate with retail, but it certainly has clear incentives to jump into this space with both feet. More than anything, it's a way to accelerate Intel's fledgling Internet of Things business -- someone has to design the sensors those stores will use. It also serves as one more hedge against a declining PC industry. It's hard to know if shops will welcome Intel with open arms, but something tells us that the company is willing to wait until people warm up to its presence. Intel Newsroom (1), (2)
China Goes Food Shopping—to Russia
KHABAROVSK, Russia—When Chinese delegations visit the sprawling Central Food Market in Khabarovsk, 18 miles from the Russia-China border, they head for the main attraction: butcher stalls heaped with pork, chicken and beef. “They come to see what our quality of meat is like,” said Valery Slutsky, head of advertising for the market, where more than 3,000 vendors sell everything from honey and caviar to cottage cheese and Siberian...
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