Market News
Recent Developments:
Key Developments:
- In January 2022, Amazon launched Alexa-enabled smart glasses called Echo Frames, allowing hands-free access to Alexa. This expands Amazon's wearables portfolio.
- In June 2021, Target, is an American retail corporation that operates a chain of discount department stores and hypermarkets, launched owned food and beverage brands Good & Gather, Favorite Day, and others. This strengthens its competitive positioning in groceries.
- In May 2020, Walmart, is an American multinational retail corporation introduced Walmart+, a new membership program offering unlimited free delivery and other benefits. This helps Walmart better compete with Amazon Prime.
Key Strategy Initiavtives:
- In January 2022, CVS, is an American retail corporation. A subsidiary of CVS Health, acquired Signify Health, Building trusted relationships to make people healthier. for around $8 billion. This expands CVS' healthcare services offerings.
- In October 2020, Walgreens, is an American company that operates the second-largest pharmacy store chain partnered with VillageMD, the nation's second largest pharmacy chain to open 500-700 doctor-staffed clinics in its stores over the next 5 years. This expands its healthcare services.
- In June 2021, Nike, is an American athletic footwear and apparel corporation acquired Datalogue, proprietary machine-learning technology a data integration platform. This enhances Nike's data analytics capabilities for personalized e-commerce experiences.
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