Walmart Inc (WMT) stops using Robots to keep its stock shelves updated
The world’s largest retailer Walmart Inc (NYSE: WMT) said now it won’t use robots to count stock any longer. The bricks-and-mortar stores reportedly have decided to close its alliance with robots-maker Bossa Nova Robotics. The machines are used to scan stock on shelves to make sure stock availability while keeping the count along with price […]
Alibaba furthering its stake in offline-market with $3.6 billion investment
According to latest reports e-commerce, titan Alibaba Group Holdings is set to spend $3.6 billion to bolster its stake in hypermarket operator Sun Art Retail Group Ltd, taking swift control in China’s retail market. Following the news, Sun Art stock price surged almost 21% at the opening. Alibaba, with possession of 21% of Sun Art […]
