Online Retailers Up the Ante on 1-Day Delivery

By Associated Press – Re-Blogged From Headline Wealth

This year, holiday stress may take on a whole new meaning for online retailers.

Amazon, Walmart and others have promised to deliver more of their orders within 24 hours of customers clicking on “Buy.”

The coming weeks will be the first test of whether they can make that happen during the busy holiday shopping season, when onslaughts of orders and bad weather can lay waste to even the best delivery plans.

It’s an expensive feat that requires not just additional planes and vehicles, but more workers and reams of data to help retailers prepare and predict what shoppers may buy.

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Wal-Mart’s New Robots Scan Shelves to Restock Items Faster

By Thomson Reuters – Re-Blogged From Newsmax

Wal-Mart Stores Inc. is rolling out shelf-scanning robots in more than 50 U.S. stores to replenish inventory faster and save employees time when products run out.

The approximately 2-foot (0.61-meter) robots come with a tower that is fitted with cameras that scan aisles to check stock and identify missing and misplaced items, incorrect prices and mislabeling. The robots pass that data to store employees, who then stock the shelves and fix errors.

Image: Wal-Mart's New Robots Scan Shelves to Restock Items Faster
Gary-Arbach/Dreamstime

Amazon Is Subduing Inflation

By Edward Yardeni – Re-Blogged From Newsmax

“World’s Greatest Price Wrecker” is a moniker that seems appropriate for Amazon, especially after the price cuts it announced earlier this week at its new subsidiary, Whole Foods.

However, the phrase actually dates back to the 1930s.

It was used in ads by Michael J. Cullen, who’s widely credited with having had the idea for supermarkets. During an era of mom-and-pop enterprises, the suggestion of “monstrous” stores, with plenty of parking, separate departments, self-service, discount pricing, and high-volume sales was revolutionary.

When Cullen’s idea was ignored by his then-employer Kroger Grocery & Baking Co., he struck out and opened King Kullen on Long Island. Ads for the new enterprise cried out: “King Kullen: World’s Greatest Price Wrecker.” King Kullen continues today as a family-controlled operation on Long Island with 32 locations.

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