Best Buy

UPS names AT&T executive to lead digital transformation

UPS Inc. said Tuesday that it has named Bala Subramanian, chief digital officer at AT&T Inc., to the position of executive vice president and chief digital and technology officer.

Subramanian, 50, will take over the newly created role on July 18 and report to CEO Carol B. Tomé. UPS (NYSE: UPS) said he will be responsible for the strategy, design, development and execution of UPS’ technology, industrial engineering and digital transformation functions. 

Subramanian will also join the company’s...

https://www.freightwaves.com/news/ups-names-att-executive-to-lead-digital-transformation

Industry leaders chart future of supply chain visibility

At FourKites Visibility 2021, supply chain leaders gather to chart the future of visibility

Shopping has never been easier for the consumer. They can have products delivered within a few hours, the same day, the next day or in two days. They can shop in person, online and through marketplaces. They can pick up products in-store or have them delivered to their doorsteps.

All of this is fantastic for consumers, but it puts huge pressure on supply chains to meet those flexible expectations. Not only are supply chain professionals contending with the tall task of personalizing the delivery...

https://www.freightwaves.com/news/industry-leaders-chart-future-of-supply-chain-visibility

Promise fulfilled: UPS buys into same-day delivery with Roadie

UPS acquires same-day delivery firm Roadie

UPS is jumping into the same-day delivery game, announcing Friday that it is acquiring Roadie.

Terms were not disclosed. The transaction is expected to close in the fourth quarter of 2021.

“Roadie’s leading technology, combined with UPS’ portfolio, will open doors for new growth opportunities,” UPS said in a statement announcing the acquisition. “Roadie’s technology platform also will provide opportunities to improve existing, and potentially add additional, UPS small package capabilities.”

UPS (NY...

https://www.freightwaves.com/news/promise-fulfilled-ups-buys-into-same-day-delivery-with-roadie

Amazon now wants to reinvent the in-store shopping experience

Amazon looking to open retail stores

The long-rumored Amazon move into malls could be coming soon, according to a new report. The Wall Street Journal, citing “people familiar with the matter,” reported on Thursday that Amazon plans to open several retail locations in Ohio and California.

The article said the locations would be about 30,000 square feet, which is a little less than one-third the size of a traditional department store and akin to a current Best Buy location.

According to the newspaper, sources said, “It is unclear what...

https://www.freightwaves.com/news/amazon-now-wants-to-reinvent-the-in-store-shopping-experience

As more retailers embrace omnichannel shopping, Saks OFF 5TH spins off e-commerce business

Saks to spin off its e-commerce business

Just months after it split the e-commerce business of Saks Fifth Avenue from its physical retail stores, owner HBC is doing the same with the companion discounted designer retailer brand Saks OFF 5TH in a deal that values the digital entity at $1 billion.

HBC worked with growth capital investor Insight Partners on both deals. Investment firm Rhône and its affiliates also participated in the deal.

The latest deal includes $200 million in equity investment from Insight Partners to create the Saks...

https://www.freightwaves.com/news/as-more-retailers-embrace-omnichannel-shopping-saks-off-5th-splits-off-e-commerce

Fulfill as fast as accurately possible

This is an excerpt from Thursday’s (6/10) Point of Sale retail supply chain newsletter sponsored by ArcBest.

Consumer expectations are always changing, and whether it’s the shopper or the brand that leads the way depends on what is expected to change. With sustainability and smaller environmental footprint, it is the consumers, particularly the younger generations of consumers, who are responsible for driving change. But in the case of delivery speed, it’s been the company that is constantly...

https://www.freightwaves.com/news/fulfill-as-fast-as-accurately-possible

Highway groups sue FCC over Wi-Fi safety band decision

The Intelligent Transportation Society of America (ITS America) and the American Association of State Highway and Transportation Officials (AASHTO) have sued federal regulators for reallocating Wi-Fi spectrum that had been reserved for transportation communications including truck platooning.

In a lawsuit filed against the Federal Communications Commission (FCC) on Wednesday with the U.S. Court of Appeals for the District of Columbia Circuit, ITS and AASHTO said they want to ensure...

https://www.freightwaves.com/news/highway-groups-sue-fcc-over-wi-fi-safety-band-decision

Amazon to test white-glove delivery service of furniture, appliances

While Wayfair (NYSE: W) and Amazon (NASDAQ: AMZN) dominate the online furniture market — with a collective 63% of market share at the end of 2019, according to data analytics firm 1010data — home delivery and setup remain the domain of specialized “white-glove” services.

As more Americans buy larger items such as furniture and appliances online, more are also looking for a seamless experience. The Home Depot (NYSE: HD), Lowe’s (NYSE: LOW), Best Buy (NYSE: BBY) and even Wayfair provide these...

https://s29755.pcdn.co/news/report-amazon-to-test-white-glove-delivery-service-of-furniture-appliances

Walmart and Target among retailers spending billions to catch Amazon

As Amazon continues to dominate e-commerce, major retailers are stepping up their investments hoping to benefit from shifting consumer demands. E-commerce sales topped $790 billion in 2020, according to IBM’s U.S. Retail Index, and with them expected to continue to grow, more retailers are shifting more of their resources to hold onto the customers they gained in 2020, and hopefully land a few more.

Walmart (NYSE: WMT), Target (NYSE: TGT), Best Buy (NYSE: BBY) and Disney (NYSE: DIS) – already...

https://www.freightwaves.com/news/walmart-and-target-among-retailers-spending-billions-to-catch-amazon

Best Buy shrinking some store footprints to focus on order fulfillment

Best Buy turning retail floor space into e-commerce fulfillment centers

Best Buy (NYSE: BBY) will trial smaller retail sales floors in a few markets as it looks to maximize space for e-commerce order fulfillment, Bloomberg reported Wednesday morning. Best Buy first announced the move during its November 2020 earnings call.

According to the latest report, store shopping space will shrink from 27,000 square feet to approximately 15,000 square feet in the locations, with the remainder used for preparing online orders for either in-store pickup or delivery.

The news...

https://www.freightwaves.com/news/best-buy-shrinking-some-store-footprints-to-focus-on-order-fulfillment

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