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Walmart will begin charging vendors fees for stocking their items in new stores and for warehousing. The mandate is the latest move from the big-box retailer in an effort to balance out higher costs from employee wage hikes.
Change or become obsolete. Those are the only two choices facing retailers as the result of rapid and extensive technological advances affecting everything from the supply chain to shopper purchasing behavior.
Amazon could soon launch a crowdsourced delivery solution that like Uber, uses a mobile app to access a network of regular people to use personal vehicles. Instead of acting as taxies, drivers would drop off packages.
BENTONVILLE, Ark.—Walmart may have a store base of nearly 4,400 strong, but the focus for all divisions is integrating that store base with online operations and using brick-and-mortar stores to support digital.
Kroger is expanding with a new distribution center and other support facilities in Blue Ash, a suburb of Cincinnati, where its headquarters is located. The nation's second-largest retailer plans to spend $46 million over the next five years on a 375,000-sq.-ft. warehouse, and to sublease space for human resources recruiting, a pharmacy call center, and an expanded space for its digital innovation team. Part of the money will come from a 10-year job creation tax credit from the Ohio Tax Credit Authority. Kroger bought the Blue Ash distribution center from SpartanNash in April.
Poor inventory processes and lack of systems integration causing overstocks, out-of-stocks and needless returns are to primarily blame for $1.75 trillion in retailer losses worldwide. Personnel issues are the third component of the inefficiencies.
Retailers and consumer packaged goods manufacturers are spending great sums of money, energy and time on their omnichannel sales operations, but only 16 percent of companies said they can fulfill omnichannel demand profitably.