Innovation news

19 April 2021
We caught up with Alex Ng, the founder of Pick & Go in Singapore, to learn about the features of the third unmanned store and how it has evolved from learnings of the first two stores. First store in Singapore University of Technology and Design (SUTD) Source: IGD Research Pick & GO was founded on June 2019 with a vision to redefine convenience shopping. Shoppers can pick what ...
26 February 2021
Walmart has expanded its shoppable interactive video hub, Walmart Cookshop, adding twenty-two new episodes, including celebrity collaborations. Builds on existing strategic partnership Walmart and eko initially formed a strategic partnership in 2018, to develop original, interactive content to help the retailer develop more frequent and deeper engagement with its customers. The technology e...
28 January 2021
Walmart is rebranding its in-house media business, Walmart Media Group, to Walmart Connect, as it expands its focus across digital and physical platforms. Three focus areas Growing its media business is a strategic focus for Walmart as part of its goal to develop alternative revenue and profit streams. With over 150m weekly customers, Walmart Connect will aim to optimise the retailer’s phys...
20 January 2021
Autonomous, or checkout free, store concepts have been gaining ground over the last few years, with companies piloting different models. This has accelerated since the start of the pandemic as retailers look to develop contactless and frictionless solutions. We highlight four which have recently launched, or are set to make their debut, in North America. 1. CIBO Express, Newark Airport, New Yo...
12 January 2021
Walmart is partnering with Ribbit Capital to create a new fintech startup organisation with a focus on developing innovative and affordable financial solutions. Optimising Walmart’s scale This new partnership brings together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences. The global investment firm is focused on investing in...
21 December 2020
Having risen to prominence at CES (Consumer Electronics Show) in 2018, we look at Robomart’s latest beta test, as companies tap into the demand for contactless grocery ecommerce solutions.  Autonomous grocery store concept Robomart is an autonomous grocery store which consumers can summon to their home in less than ten minutes using a dedicated app. Described by the company as a ‘store-hail...
17 December 2020
Walmart is partnering with some of TikTok’s most popular creators to offer a livestream shopping experience. Shopping directly from the TikTok platform Through this partnership the TikTok community will be able to purchase fashion items featured in content from the creators. They will be able to do this without leaving the TikTok platform. This will be the first shoppable livestream event o...
15 December 2020
Walmart is expanding its existing pilot programme with Gatik to test driverless deliveries. It is also going to test a longer route in Louisiana. Testing along the middle-mile Walmart initially partnered with autonomous vehicle company, Gatik, last year in Bentonville, Arkansas. The retailer has been using Gatik’s ‘Autonomous Box Trucks’ to move customer orders on a two-mile route between a...
07 December 2020
Finland's Kesko has grown its market share by 5% since 2014 and has doubled its operating margin during the same period. In this article, we share insight and videos from its recent virtual Capital Markets Day on what’s driving its outperformance and its strategic priorities. Six key market trends President and CEO Mikko Helander began the Capital Markets Day event by highlighting that Ke...
23 November 2020
Loblaw is partnering with Gatik to deploy a fleet of autonomous delivery vehicles to transport goods from its automated picking facility to retail locations in Toronto. Expanding 10-month pilot programme Starting next January, this will build on a 10-month on-road pilot which has been underway in Toronto using one delivery vehicle. Gatik will upfit five Ford Transit 350 box trucks with refr...