business news in context, analysis with attitude

…with brief, occasional, italicized and sometimes gratuitous commentary…

• “U.S. consumers who use shopping apps turn to them frequently: More than one-third of people (35%) use shopping apps between two and five times a week, while 28% use them at least once a day,” according to new survey data released by portfolio website Visual Objects.

The survey also found that “nearly 80% of people (79%) use shopping apps when they are at home instead of on the go or in another store, Visual Objects' survey found.” And, “when people use shopping apps, they're most likely to use an app from mass merchant retailers like Target, Walmart, or Costco (81%), pure online retailers like Amazon or Overstock (77%), or apparel retailers (79%).”

TechCrunch reports that Amazon is acquiring Canvas Technology, a Boulder, Colorado-based company described as a “warehouse robotics startup.”

Among the technologies that Canvas has developed is “a fully autonomous cart system that positions the startup as a direct competitor with the likes of Bay Area-based Fetch.” TechCrunch writes that “ the deal makes a lot of sense from the outside, adding another important piece to Amazon Robotics’ growing portfolio of fulfillment center machines.”

Terms of the deal were not disclosed.

Seems to me that if you own a robotics company with any sort of chops, the odds are pretty good that some behemoth is going to come calling, checkbook in hand.
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