Edward Tse and Jackie Wang say market moves by Chinese firms like Alibaba, Tencent and JD.com show how key players are experimenting with various forms of tech-driven ‘new retail’ in the O2O world, making the industry more dynamic than ever
Foreign companies are also actively piloting their new retail strategy in China. Earlier this month, the world’s largest Starbucks Reserve Roastery opened in Shanghai, leveraging Alibaba’s technology to give consumers a more immersed Starbucks journey.
This is also the first mass offline application of augmented reality (AR) technology. Consumers can use the Taobao app to unlock the AR features in the store, such as learning about the details of the Starbucks coffee brewing process.
The retailers on the list — by no means a comprehensive list of all retailers at risk — have C-grade bond ratings from Moody’s and Fitch, and seven of them (Sears, Claire’s Stores, Nine West, 99 Cent Stores, J. Crew and Charlotte Russe) have been listed on Fitch’s Bonds of Concern.
Couple of wins in self-checkout, one big legacy app cancelled, EMV costs reducing spend on upgrades in software, hospitality quick food spend down thanks to one mega. Cloud services * Revenue are new #1 Source: seekingalpha.com Couple of wins in self-checkout, one big legacy app cancelled, EMV costs reducing spend on upgrades in software, hospitality quick food spend down… Read More »