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Sensing, Not Seeing, with Vision AI as Retail’s Crystal Ball for the Future

Retail TouchPoints

While 7-Eleven is at the forefront of inventive uses for vision AI in the convenience retail market, we are also observing interest and adoption of vision AI for supermarket retailers for resource reallocation, to mirror each store’s unique ebb and flow of operations and foot traffic throughout the day.

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ALDI Slashes Prices on 400 Essentials for Summer Savings Spree

Retail Wire

By dropping prices on more than 400 products, ALDI will save customers $100 million this summer, per savings estimates based on internal analysis of promotional pricing and projected sales volumes. With price drops on the season’s most-loved products in every aisle, we want to do what we can to help shoppers enjoy more of summer.”

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Asda and Amazon launch ‘hassle-free’ parcel collect and return service

Retail Gazette

Asda and Amazon have launched a new parcel pick-up and label-free, box-free return service at over 700 of the supermarket’s stores. Eligible Amazon orders will now be able to be collected at most of the supermarket’s stores across the UK, with more locations set to be added across the coming months. as sales fell 5.5%

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Five ways to reduce operating costs in your retail business

Inside Retail

Supermarkets in Australia now offer a ‘green option’ where they group deliveries in the same suburb together, so they’re not having to do several separate trips. Negotiate shipping costs Look at the way items are being shipped and evaluate other alternatives. The smaller the package, the fewer fees there are to pay in shipping.

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Woolworths declares $2bn share buyback as profit hits $2.07bn

Inside Retail

Woolworths has announced a $2 billion share buyback following the demerger of its drinks business Endeavour Group and a strong year at the supermarket checkouts. Physical supermarket sales increased by 2.0 billion, impacted by low market growth in the first half and the restrictive lockdown in H2, and EBIT dropped 4.6

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Aldi vs Lidl: Who will win the battle of the discounters?

Retail Gazette

With the cost-of-living crisis at the forefront of shoppers’ minds, it’s no surprise so shoppers have jumped ship from the traditional big four supermarkets to discounters. Store expansion may have slowed for Aldi last year and it seems to have quietly dropped its long-term goal of having 1,200 stores by 2025.

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Sainsbury’s profit surges despite supply chain pressures

365 Retail

The supermarket giant reported a 23% hike in underlying pre-tax profits to £371 million for the 28 weeks to September 18. The supermarket’s general merchandise sales also dropped 8% in the second quarter, as it came up against a tough quarter a year ago when demand was boosted amid pandemic restrictions.