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Here's how Amazon may have led to Toys "R" Us' demise Toys "R" Us filed for Chapter 11 bankruptcy protection in the US and Canada on Monday.
The proceedings will not include the company's European, Asian, or Australian operations, and stores in the US and Canada will remain open.
The children's toy retailer was burdened with a hefty $5 billion of debt, which became difficult to pay down as online competitors drew in more customers. Same-store sales in its latest quarter fell 4.1% year-over-year (YoY), and resulted in $164 million in losses.
Toys "R" Us' latest efforts to reform its in-store and online shopping experiences weren't enough to avoid bankruptcy.
BI Intelligence analyst Stephanie Pandolph has the full story.
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| | | In a new report, BI Intelligence explores the digital payments ecosystem today, its growth drivers, and where the industry is headed. It begins by tracing the path of an in-store card payment from processing to settlement across the key stakeholders. That process is central to understanding payments, and has changed slowly in the face of disruption. The report also forecasts growth and defines drivers for key digital payment types through 2021. Finally, it highlights five trends that are changing payments, looking at how disparate factors, such as surprise elections and fraud surges, are sparking change across the ecosystem. Learn More → | | | | |
| | | In a new report from BI Intelligence, we illustrate the various applications of AI in retail and use case studies to show how this technology has benefited retailers. It assesses the challenges that retailers may face as they implement AI, specifically focusing on technical and organizational challenges. Finally, the report weighs the pros and cons of strategies retailers can take to successfully execute AI technologies in their organization. Learn More → | | | | |
| | | In a new Smart Speaker report, BI Intelligence analyzes the market potential of the Echo Look, Echo Show, and HomePod. Using exclusive survey data, we evaluate each device's potential for adoption based on four criteria: awareness, excitement, usefulness, and purchase intent. And we draw some inferences from our data about the direction the smart speaker market could take from here. Learn More → | | | | |
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| | | Although Apple first introduced its new Apple Pay peer-to-peer (P2P) payment feature during the debut of iOS 11 in June, the first iteration of the update, released this week, doesn't have the payment option. Read More → | | | | |
| | | Amazon is working on two new products that will be integrated with its popular Alexa voice assistant and could be released before the end of the year. Read More → | | | | |
| | | Walmart is moving overnight stocking to the daytime in more than 430 of its small concept Neighborhood Market stores, the company announced in a blog post. Read More → | | | | |
| | | Snapchat has signed up more US users for its app than its rival Instagram has since the beginning of the year, though its leadership on this front may end soon. Read More → | | | | |
| | | Bank of America (BofA) launched its Premium Rewards credit card, offering customers unlimited tiered rewards and indicating the bank's continued efforts to build out its offerings to drive user engagement. Read More → | | | | |
| | | Sonos, a mid- to high-end speaker manufacturer, released an updated privacy policy for its speakers that almost certainly confirms that the company will release a speaker with Amazon's Alexa voice assistant built into the device in the near term. Read More → | | | | |
| | | Even as a number of smaller Chinese cryptocurrency exchanges suspended all operations last week, two of the country's largest trading venues, Huobi and OKCoin, said they would only be suspending yuan-based cryptocurrency trading, allowing users to continue trading between different cryptocurrencies. Read More → | | | | |
| | | 5G — the networking standard that will succeed 4G LTE — took center stage at Mobile World Congress (MWC) Americas in San Francisco last week. Over the course of three days, various telecommunications industry leaders discussed the latest advancements in the space. Read More → | | | | |
| | | Robert Kyncl, YouTube's chief business officer gave updates and commented on the state YouTube's six-second bumper ad formats and the platform's viewability rates at the Dmexco. Read More → | | | | |
| | | US-based VC firm Social Capital — whose portfolio includes fintechs Wealthfront, CommonBond, Jetty, and Cover — has publicly listed a special purchase acquisition company (SPAC), Social Capital Hedosophia, with London-based VC fund Hedosophia. Read More → | | | | |
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