Tag Archives: retail

  This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, April 21, 2021 YOLO trades might be fading, but retail is still around.  The stars of the show in financial markets during the first quarter of 2021 were retail traders.  Retail fueled meme trades, made Roaring Kitty a star, and flummoxed market professionals who insisted this participation would not last. Even though less than two… Source link

Yandex Rovers is continuing to expand its reach by providing autonomous delivery services from Moscow supermarkets. Amid growing consumer appetite for on-demand food delivery, Yandex Self-Driving Group has expanded delivery by rover couriers beyond restaurants and its own Yandex.Lavka dark stores. Yandex Rovers has started making deliveries from Azbuka Vkusa and VkusVill supermarkets in the central Moscow district of Khamovniki, with plans to extend rover delivery to other… Source link

Customers can choose the robot delivery option on either the Yandex.Eats or Yandex Go apps. Once an order is placed, supermarket staff pick the items and load them onto the Rover, which heads to the customer’s address. Upon its arrival, the customer will receive a notification, and an ‘unlock’ button will appear on the app. Rovers are capable of carrying up to 20kg of goods. In addition to further Moscow expansion, plans are also in place to pilot deliveries in Ann Arbor, Michigan in the US… Source link

Yandex: expanding e-grocery delivery service in Europe Russia’s NASDAQ-listed tech giant Yandex plans to launch its express e-grocery delivery service in Europe in the second quarter, after its success in the rapid on-demand grocery delivery segment in Russia and Israel. The service, which delivers approximately 2,500 types of goods from local warehouses within 10-15 minutes of receiving an order, is set to begin operating in central Paris under the Yango Deli brand. Yandex… Source link

Kazan joins Moscow, St. Petersburg, Nizhny Novgorod, and the suburbs of Tel Aviv, where Yandex.Lavka operates via a network of more than 280 local warehouse sites. It is currently available from 7am to 11:30pm in Kazan, with plans to switch to a 24-hour service. Orders can be placed via the Yandex.Eats, Yandex.Lavka, Yandex Go, and Yandex.Market apps for iOS and Android. Everli Earlier this week, European e-grocery marketplace, Everli, raised $100 million in a Series C funding round led by… Source link

Yandex.Lavka, the on-demand e-grocery delivery service launched by Russia’s NASDAQ-listed tech giant Yandex, announces its expansion. The service, which delivers approximately 2,500 types of essential and non-essential goods in a variety of categories, such as groceries, ready meals, hot drinks and smart Yandex devices within 10-15 minutes of receiving the order, is now available in Kazan, a city of 1.3 million in Russia’s Republic of Tatarstan. Kazan joins Moscow, St…. Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, March 17, 2021 Weather, checks, and comps. Some market watchers may have been shocked by Tuesday morning’s February retail sales report. The headline data showed sales fell 3% last month, the fifth-largest month-on-month decline dating back to 1992, according to data from Bespoke Investment Group. The only two worse months for retail sales declines came in 2008 and 2020 during the… Source link

TipRanks 2 ‘Strong Buy’ Stocks With 7% Dividend Yield You can get whiplash, trying to follow the market fluctuations these days. Volatility rules for now, as investors are pulling out of Big Tech – a move that is pushing the general markets down. The bearish sentiment comes as new COVID case numbers are falling, along with the weekly unemployment claims. Both are positive news bites for the economy, and will help to justify increased economic opening. At the same time, a Congressional… Source link

Famed economist Nouriel Roubini argues that retail investors with “fear of missing out” are going to get crushed by investing in Bitcoin during its latest run higher. “We have, like in 2017, hundreds of thousands of retail suckers that are having FOMO (fear of missing out) going into this asset class. And they are going to buy it at peak like it happened in December of 2017 when it was $20,000 and fell to $3,000 by the end of the next year. So, it’s the same phenomenon — just people… Source link

Walmart is putting its nearly $18 billion cash hoard to good use this year, and how it’s spending it should absolutely scare the heck out of most other retailers. Somewhat getting lost in the market’s maniacal focus on Walmart’s fourth quarter earnings miss on Thursday are two new aspects to the retailer that could help widen its competitive moat. While investors don’t seem to care much about them today (shares are down 6% post earnings), it could seriously alter Walmart’s future earnings… Source link