J.C. Penney Hopes Apparel Will Make Up For Earnings Losses, Plus Amazon Is Trying Out New Tech For Delivery, And Sephora Is Starting Holiday Deals Now. | | | | | | | | | | | | | The Great Innovation Pile On Of 2017 | | Facebook has been slammed for squashing startups and being a “copycat.” Google was fined $2.7B for being anticompetitive (in a sector that doesn’t matter much, especially five years after the complaint was filed). Amazon and Whole Foods — and their combined whopping 2.5 percent market share of grocery, if the deal is approved — are being called out for possibly running afoul of antitrust regs. According to PYMNTS’ Karen Webster, all are things that make salacious headlines around the classic “David versus Goliath” narrative. But ignore the innovation elephant in the online platform room — today’s Goliaths are all competing in a complicated ecosystem where it’s impossible to clearly identify who’s competing with whom — and for what and on whose turf. | | |
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| | | | | | | Facebook Watch Launches To Mixed Reviews | | This early in its rollout, Facebook Watch still has the potential to be totally awesome — or totally terrible. Which will it be, and will the social media giant's huge investment in the category pay off? Or is the whole idea kind of extra? Here's what people are saying so far. Read More... | |
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| | | | | Winners And Losers In Retail Earnings | | There are clear winners and clear losers as more big department stores report their quarterly earnings. This week, we’re reporting on several retailers that saw a downturn in their results, including Kohl’s, Macy's and Dillard’s. But there are also those, like Nordstrom, who came in strong. Read More... | |
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| | | | | | The Sky’s The Limit For Kenyan Online Marketplace Sky.Garden | | It’s not Africa’s Amazon yet, but Sky.Garden has big dreams to become the marketplace for African merchants of any economic status. Today, only the richest of the rich have access to eCommerce. Legitimate merchants get lost among fraudulent ones in unofficial online marketplaces, leading many to decide that brick-and-mortar is their only option. With a growing user base and new funding from Katapult Accelerator, Sky.Garden plans to change all that. Read More... | |
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