 WEEKEND ROUNDUP | |
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Walmart's new fulfillment strategy causing out-of-stocks Walmart has changed its e-commerce systems and is now telling online shoppers that some products in its warehouses are "out of stock" in order to avoid the extra expenses associated with shipping items from farther warehouses.
When out-of-stocks arise, Walmart.com will recommend similar products that are in stock in warehouses nearby, according to company spokesman Ravi Jariwala.
The new system, which was introduced earlier this month, has been causing a decline in sales for some of the companies that sell on Walmart.com, and it puts pressure on these suppliers to stock products at more Walmart warehouses to ensure steady sales.
Business Insider Intelligence's Gregory Magana has the full story. | |
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| | | Uber launched Uber Cash, a service that allows customers to add funds to a stored-value account that they can use to pay for Uber services, like Uber Eats. Read More → | | | | |
| | | Cybersecurity expert Jake Williams says hackers are unlikely to target smart speakers like the Amazon Echo or Google Home, despite the devices' increasing sales. Read More → | | | | |
| | | On Wednesday, Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey testified before the Senate Intelligence Committee about their companies' actions to battle online election interference. Read More → | | | | |
| | | The German reinsurance giant has agreed to acquire industrial IoT startup relayr, which links internet connected sensors and edge device platforms with existing machinery to help improve efficiency and increase profitability. Read More → | | | | |
| | | Amazon has opened its third cashierless Amazon Go store in Seattle, featuring technology that enables consumers to walk in, grab what they want, and walk out without stopping to check out. Read More → | | | | |
| | | Samsung announced a new strategy that will see it introduce cutting-edge technology on its mid-range smartphones as opposed to its higher-end smartphones like its Galaxy Note and Galaxy S lines. Read More → | | | | |
| | | A private deal between Google and Mastercard has reportedly given the search giant access to Mastercard data that it can use to track retail sales. Read More → | | | | |
| | | Top retailers are making new efforts in the toy industry in the hopes of capturing some of Toys "R" Us' former market share. Read More → | | | | |
| | | A number of companies announced new Alexa-powered smart speakers and other voice-enabled devices for the home at the IFA 2018 trade show in Berlin last week. Read More → | | | | |
| | | Walmart filed a patent for a blockchain-based system that would allow delivery drones located only a few feet from each other to exchange information, according to a patent application cited by CoinDesk. Read More → | | | | |
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