business news in context, analysis with attitude

• The San Antonio Express-News reports that H-E-B has opened a new store “in the fast-growing Alamo Ranch neighborhood, expanding the San Antonio company’s curbside pickup … H-E-B has dramatically expanded its curbside pickup service in the past seven months from 22 stores in April to 82 as of Thursday, according to its website.”

• The New York Times reports that Saturday’s Singles Day - China’s version of Black Friday, almost completely orchestrated by e-commerce giant Alibaba - “hit a new record of $25.3 billion, more than 40 percent higher than sales on Singles Day 2016.” It also is much bigger than Amazon’s Prime Day, which last year generated $1 billion in revenue.

The story notes that “Singles Day is now inextricably linked with Alibaba, the Chinese e-commerce leviathan that in recent years has turned the holiday into an online — and occasionally brick-and-mortar — mercantile extravaganza. It routinely eclipses Amazon’s yearly Prime Day promotional event.”
KC's View: