Amazon

Former Snapchat exec launches an Amazon for luxury goods

Verishop

Former Snapchat Chief Strategy Officer Imran Khan is today launching Verishop, a digital marketplace for luxury goods, with more than 150 contemporary brands across multiple lifestyle categories.

Why it matters: Three decades into the internet era, there still isn't a major ecommerce destination for department store quality shopping online. This is especially true given Amazon has chosen to focus on basic goods instead of luxury.

Walmart, Amazon, and the drone delivery wars

A sea of audience members in a dark auditorium take photos of a slide depicting a drone in the sky
Amazon debuted a new drone at its re:MARS conference. Photo: Mark Ralston/AFP/Getty Images

Drone delivery — tied up in regulatory debates and largely nonexistent beyond a few, isolated pilots — hasn't boomed in the U.S. yet, but Amazon and Walmart are placing big bets on unmanned vehicles.

The big picture: The hooplah has intensified to the point where a number of upstarts are popping up to offer drone-delivery-in-a-box to the retailers who can't afford to invest themselves. The two retail rivals are betting that drone delivery — currently estimated to be worth $30 billion — will take an increasingly large share of the $1.5 trillion logistics business.