Tech Report: Amazon is closing in on Walmart
Amazon is closing in on one of Walmart’s traditional areas of dominance, consumer spending on personal health items. PYMNTS tracking over the past four years show that Amazon has been rapidly closing the distance. Just four years ago, Walmart accounted for 6.4 percent of consumer spending and Amazon barely cleared 2 percent. Since then, Amazon has come on strong and almost tripled its share.
A weaker demand for personal computers has slowed down shipments, with Apple leading the decline. The explosion in demand for PCs brought on by the pandemic seems to be over. Apple alone saw PC shipments down by 40 percent.
Amazon has started charging fees to make some returns at UPS stores. This marks the latest effort by the e-commerce giant to cut down on costs associated with customers sending items back. Returns have been an expensive headache for e-commerce companies after they skyrocketed during pandemic lockdown with no sign of slowing down.
New data reveals video is the future of youth soccer. Thanks to AI technology, coaches, players and parents are reaping benefits from recorded practices. Trace, a sports tech company, just released a new nationwide survey of youth soccer club directors. It found video technology and AI can accelerate recruiting and player development.
