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Why Stitch Fix is Focusing on its Human Stylists When Everyone Else is Talking About AI

Retail TouchPoints

Funderburk and Zamansky shared how the company is doubling down on its human-centered AI approach to create a more customer-centric shopping experience and return the company to growth. The customers Fix is shipped and they have three days to test out the items and select which ones they want to buy and which ones theyll return.

Returns 279
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DEI Deflates, Retail Media Rises, Mergers Flounder

Retail TouchPoints

billion Kroger-Albertsons tie-up as well as the November 2024 end of a planned Capri Holdings and Tapestry merger. After moving aggressively into direct sales in 2020 and 2021, Nike had to begin rekindling wholesale relationships with retailers including DSW and Macys in late 2023. Walgreens Agrees to $192.5M consumers wallet.

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Walmart Deploys AI-Powered Task Management and Translation Tools for Associates

Retail TouchPoints

Walmart is in the process of deploying AI-powered tools to meet key store associate requirements, including a task management solution that has reduced shift planning times from 90 to 30 minutes. Walmart plans to expand the tech to additional stores in the future. and Canada locations later this year.

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Why Master Data Management Should be on Every Retailer’s IT Roadmap for 2025

Retail TouchPoints

billion in 2021 to $40.88 Of those businesses that improved their data quality in 2021, 75% exceeded their annual objectives in some way. Common examples are to improve revenue or reduce returns by a certain percent, or to consolidate customer records and eliminate duplicates. MDM should be part of your plan for 2025.

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Topshop to make high street return through wholesale retail partners

Retail Gazette

The online fashion giant’s chief executive Jos Antonio Ramos Calamonte said the retailer had spent two years rebuilding the product assortment of Topshop before moving ahead with relaunch plans. Asos bought Topshop, along with Topman, Miss Selfridge and HIIT, out of administration in 2021 for 295m.

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Funday founder on how retail has changed since Covid – and remained the same

Inside Retail

Daniel Kitay: Funday launched in April 2021, but the journey started well before that. IR : Did the company face an adjustment period after the most extreme restrictions began to be lifted and consumer sentiment stabilised around the end of 2021? In what ways has it returned to “normal”?

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After a $5.5B Valuation, Vuori Exec Reveals What’s Next in International Expansion

Retail TouchPoints

The investment builds upon Vuori’s $400 million investment, led by SoftBank Vision Fund 2, in 2021. When thinking about our vision for the future of the business, our plan is to grow our community through bringing our retail experience to as many international markets as we can.

Consumer 147