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Online Liquor Sales Are Booming – Can Digital ID Keep Up?

PYMNTS

As online food delivery services proliferate amid the battle for customer loyalty, and as grocery and related stores strive to gain more digital footholds, the online sale of alcohol is growing and becoming a bigger part of all those plans. Online food delivery is in the midst of what might one day be called a golden age.

Online 169
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Sneaker Marketplace Goat Group Nets $100M For Expansion On $1.75B Valuation

PYMNTS

Online sneaker marketplace Goat Group has raised $100 million in a Series E funding round, according to The Wall Street Journal (WSJ), which will go toward expanding its products and apparel categories. Foot Locker last year invested $100 million in Goat Group, with a promise to collaborate on retail online and in stores in the future.

Groups 194
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Will Vroom’s Plan To Bring AI To Auto Sales Mark The Death Of Dealerships?

PYMNTS

“Buy a car entirely online, and have it safely delivered, contact-free.” So goes the pitch at online car-buying platform Vroom , which is turning to artificial intelligence (AI) and machine learning (ML) to further accelerate the transformation of the used car business. Marketing Cars Online.

Louisiana 242
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Amazon To Build Logistics Capabilities With Carbon-Neutral Electric Trucks

PYMNTS

With the formation of an in-house armada of carbon-neutral delivery trucks, Amazon will soon integrate another step of the online shopping pipeline. With those plans, the eCommerce retailer said it would purchase a fleet of electric vans to begin sending packages to shoppers in 2021.

America 166
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Boosting The Good Growth And Killing The Weeds

PYMNTS

Data: $365 billion: Estimated size of the global online food delivery market by 2030. $36 billion: Amount of online alcohol sales in 2017. But with good growth comes bad – and in payments and commerce, fraudsters are the weeds , and the advance of AI is what many hope to be the weed killer.

Fraud 108
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‘Ghost’ Kitchens Take A Bigger Role In Food Delivery

PYMNTS

According to UBS , the online food market will hit $365 billion globally in 2030, up from about $35 billion last year. There could be a scenario where by 2030 most meals currently cooked at home are instead ordered online and delivered from either restaurants or central kitchens,” the report said.

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Warehouse Robots Pave The Way For More AI Logistics

PYMNTS

Hot on their trail are machine learning and artificial intelligence (AI) technology — the software and algorithms promising to reduce the risks of overstocking and understocking, and providing other benefits that can boost retailers’ revenue. This minimizes the amount of time it takes to complete the majority of the company’s online orders.”

Retail 197