Cosmetics Company L’Oréal has emerged as an early adopter of’ New Retail’ in China. New Retail is a concept from Alibaba for the business model that integrates E-Commerce, Stores and Logistics by seamlessly weaving online and offline shopping into one experience.
In an attempt to integrate online and offline shopping without building its own physical stores, Alibaba has been on a lookout for buying stake in companies. The Chinese e-commerce giant has bought more than one-third stake in one of Chinese most prolific operators of hypermarket stores, Sun Art Retail Group.
The California based company, Bossa Nova Robotics, is now raising funding to scale its business. The robots made by the companies are in use by retailers to analyze what’s selling on the shelves. The robots drive autonomously through store aisles figuring out what has sold and then sends back data.