KHD Buzz – Retail Spending Up for June, Branson Beats Bezos Into Space and More
Retail Sales Rise Again in June
According to figures issued by the US Department of Commerce retail sales in June increased 14.3% year over year and 26.8% from the previous year. E-commerce increased by 6% year over year and by 44% year over year in 2019. Read More
Virgin’s Richard Branson Beats Amazon’s Jeff Bezos into Space
Amazon founder Jeff Bezos had planned to be the first billionaire in space, scheduling his trip to the stars ahead of fellow billionaires Elon Musk and Richard Branson. Then, at the last minute, the Virgin Group founder rearranged his schedule and beat Bezos to it. Read More.
Apple Removes App That Spots Fake Reviews – At Amazon’s Request
After Amazon reported that the app gave false information and posed a security concern, Apple pulled Fakespot, a well-known software for detecting phony product evaluations, from the App Store.
“The software in question offers customers with inaccurate information about our sellers and their products, hurts our sellers’ businesses, and presents potential security risks,” an Amazon spokeswoman stated. The app was removed from the App Store after Apple reviewed the complaint. Read More
Klarna Acquires Social Shopping Startup
Klarna, the Swedish Buy Now Pay Later innovator, has purchased platform Hero for an unknown sum in order to give consumers a social purchasing experience.
Shoptail, a comparative shopping firm, and Toplooks, an artificial intelligence-based styling and shoppable content platform, are two more companies that Klarna has recently purchased, the company announced. Read More