What retailers are getting from investments in mobile apps
In 2023, mobile commerce spending in the U.S. surged to an astounding $448 billion, marking a significant transformation in how consumers shop. As highlighted by Comscore, this monumental figure is driving retailers to increasingly invest in enhancing their mobile app…
DoorDash Turns in Strong Quarter as Grocery Business Grows
DoorDash is experiencing a significant surge in its grocery delivery business, a key sector that highlights its ongoing evolution in the local commerce marketplace. Recent financial reports reveal that the company has achieved record-breaking quarterly growth, with total orders rising…
Next reports strong cross-border online growth
Next, a prominent British retailer, has demonstrated impressive growth in the first half of the year, prompting an upward revision of its profit expectations. While rivals like Asos and Boohoo grapple with declining online sales, Next continues to thrive, particularly…
ONDC monthly orders hit record 12 million in July
The Open Network for Digital Commerce (ONDC) has reached a remarkable milestone, processing 12 million orders in July alone. This achievement reflects the network’s growing footprint in the e-commerce sector, now supported by approximately 630,000 sellers and service providers across…
GrubMarket Acquires Largest Asian Squash Provider in U.S.
GrubMarket has made a significant move in the food supply chain sector by acquiring Best Oriental Produce, the largest Asian squash provider in the United States. This acquisition, announced recently, showcases GrubMarket’s commitment to enhancing its presence in the fresh…
Government 'Strike Force' Makes Play for Large Grocers
In August 2024, the Federal Trade Commission (FTC), led by Chair Lina Khan, announced a significant inquiry into grocery pricing amid ongoing economic concerns. The inquiry stems from consumer feedback highlighting persistent high grocery prices despite decreased costs and inflation…
US states and lawmakers support TikTok ban
In recent months, the call to ban TikTok has gained momentum across various U.S. states and among lawmakers, primarily driven by concerns over national security. Critics argue that the app’s ties to the Chinese government pose significant risks, particularly regarding…
Bitcoin and ether hit multi-month lows
In recent developments within the cryptocurrency market, Bitcoin and Ether have experienced significant downturns, dropping to multi-month lows. Bitcoin plummeted by 13%, settling at $51,560, which marks its largest single-day decline since November 2022. Meanwhile, Ether tumbled 17%, reaching a…
Robot revolution begins: Strider set to transform safety, Oxford announced
In a groundbreaking development, researchers at the University of Oxford have unveiled a robotic innovation named Strider, poised to revolutionize the approach to safety in hazardous environments. Designed to navigate challenging terrains, Strider excels at tasks traditionally deemed dangerous for…
Alliant Energy signs power supply deals with multiple data centres
Alliant Energy has recently signed power supply agreements with several data centers, marking a strategic move to expand its customer base amid rising energy demands. This decision highlights the utility company’s commitment to catering to the robust growth in data…
