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AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Within the larger global market, McKinsey estimates that the retail and CPG sectors have the most to gain from AI , with potential to harness the tech and drive huge improvements in operational efficiency as well as the customer and employee experience.

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Walmart Raises Store Managers’ Pay, Ups Stock Grants to a Maximum of $20,000

Retail TouchPoints

store managers’ base pay from an average of $117,000 per year to $128,000 and has redesigned its bonus program to include a store’s profits, not just its sales. in a blog post. And you’re the driving force behind the development of our next generation of leaders.” Walmart will raise its U.S.

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Walmart Acquires Robotics Company to Boost Next-Gen Fulfillment Capabilities

Retail TouchPoints

Walmart has been working with Alert to customize technology for its market fulfillment centers (MFCs) since 2016. Now, the retailer plans to increase its investment in the technology in order to leverage its 4,700 stores, which put the retailer within 10 miles of 90 % of the U.S. in a blog post.

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Google Debuts New Tools to Help Brands Harness the Power of Generative AI

Retail TouchPoints

Google unveiled a series of new tools for merchants and advertisers at its annual Google Marketing Live event on May 23, 2023. Touting the role of images as businesses’ “digital window displays,” Google’s new Product Studio will help merchants generate a diverse slate of high-quality images to drive better results from their online listings.

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NRF Big Show to Spotlight Innovative Consumer Products and Workforce Solutions

Retail TouchPoints

The industry’s ongoing search for talent — a particularly challenging problem in today’s tight labor market — will be addressed in a number of NRF sessions. Everyone in the retail industry knows January means two things: lots of holiday returns and the venerable NRF Big Show , running Jan. Taking place January 15-16 from 10 a.m.

Consumer 279
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How to Keep Your Digital Signage up to Date

Retail TouchPoints

Customers are unlikely to engage with digital signage if the content appears generic or outdated. Think of digital signage like a blog or social media page: It needs new content on a constant basis in order to maintain interest and drive engagement. In fact, some retailers choose to update digital signage two to five times per day.

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Is Jim’s Beauty set to flop like Harley-Davidson perfume – or could it be branding genius?

Inside Retail

Coles and Woolworths have diversified into just about every product there is by selling their own generic home brands. Away from their physical stores, they are offering telehealth , insurance , mobile phone plans , gift cards , and deliveries at work. per cent and Woolworths 7.8 per cent over the past year.