Retail Rundown

Payments

Amazon.com Inc launched a cash payment service in Mexico on Tuesday, aiming to expand its customer base in a country where shoppers are wary of credit card fraud and often earn their living in paper currency.

The strategy could also help it to win market share from rival Wal-Mart de Mexico known as Walmex, along with other retailers pushing Mexican consumers to shop more online instead of brick-and-mortar stores that still dominate the country’s retail sector.

Amazon is the third-largest online retailer in Mexico, according to market research firm Euromonitor International. It has grown swiftly since debuting its Mexico-based website for physical goods two years ago.

Amazon’s Cash Payment Services


Aquisitions

Apple, which recently said it was including wireless charging in its latest iPhone X and iPhone 8 smartphones, has acquired New Zealand firm PowerbyProxi that designs wireless power products for consumers and industry.

An Apple spokesman confirmed the acquisition, which was earlier reported in New Zealand media. Both companies declined to provide details of the purchase. Wireless charging allows users to recharge devices by placing them on a pad or other surface rather than inserting them in a cradle or attaching a cable.

Apple has been slow to adopt the technology, lagging behind its biggest rival Samsung Electronics Co Ltd and other mobile phone companies that have offered wireless charging in some of their devices for several years.

Apple’s interest in PowerbyProxi may be driven by the latter’s other products, some of which can support transferring up to 150 watts through any non-metallic material, for wirelessly charging industrial machinery and medical equipment, said Jake Saunders, Asia Pacific vice president of ABI Research.

This could allow Apple to offer much larger pads that could quickly charge multiple consumer devices, including laptops and even electric scooters, he added.

Apple acquires New Zealand wireless charging company


What Next Amazon?

Amazon announced the November 8 launch of Amazon Key, a service for Amazon Prime subscribers that facilitates unattended in-home deliveries.

“Amazon Key gives customers peace of mind knowing their orders have been safely delivered to their homes and are waiting for them when they walk through their doors,” said Peter Larsen, Vice President of Delivery Technology, Amazon. “Now, Prime members can select in-home delivery and conveniently see their packages being delivered right from their mobile phones.”

Amazon Key launches alongside the Amazon Cloud Cam, which the company revealed in another press release.

Amazon Key: In Door Deliveryretail 


Retail Competition

Nike could be about to hit Lululemon where it hurts.

The Oregon-based sporting goods company is preparing to open “pant studios” in 5,000 of its stores, according to supplemental documents handed out at Nike’s investor day.

“We are #1 globally in the bottoms market, but we aren’t satisfied, so we talked with women around the world and heard a common theme…make a product by activity,” Nike wrote. “Our Pant Studio features a range of new silhouettes because it’s not only about tights anymore.”

The studios will feature a curated assortment of women’s wear, like yoga pants — items Trevor Edwards, president of the Nike brand, highlighted during his latest presentation to investors and analysts. The spaces are slated to open on Nov. 1, right ahead of the holidays, and can also be shopped through Nike.com.

Nike Set To Open ‘Pant Studios’ For Women, Sending Lululemon Shares Lower 


 

I am currently a senior majoring in Retailing and Consumer Sciences while minoring in e-commerce. I hold the position of Social Media Manager for the Terry J. Lundgren Center For Retailing at the University of Arizona, where I am responsible for creating social media platforms that not only enhance our brand but also educate the world about retail trends. I am what you call a Retail Enthusiast, I am intrigued by the way the retail industry is evolving and what it has to offer. In my free time, I enjoy the outdoors, yoga, good music, and good company.