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According to the World Economic Forum, retail spending on AI is predicted to grow from $4.9B in 2021 to $52B by 2029. Artificial Intelligence and Machine Learning (AI/ML) have the potential for far-reaching impact on retailers and brands.
Wearable blanket brand The Oodie has recalled its Kids Beach Oodie range due to safety concerns that they may pose a fire risk. According to Product Safety Australia, there is a risk of “serious burn injuries” if the product is exposed to a heat or flame source. The range has been recalled since it does not have the required fire hazard warnings, which goes against the mandatory safety standards for children’s nightwear.
The U.S. food retail industry comprises nearly 63,000 grocery stores and supermarkets, which amounted to $765.98 billion in sales in 2021. To stay competitive, retailers need to create and maintain loyal customers; 43% of customers spend more on brands to which they are loyal. Plus, delighted customers quickly turn into loyal brand ambassadors, helping bring in new customers.
Australian fashion brand RM Williams has opened its flagship store at Rundle Mall in Adelaide. Designed in partnership with Australian interior designers ACRD, the new store marks the brand’s second iteration of a new retail rollout announced last month. The 227sqm store offers distinct sections for each of the brand’s product categories, similar to the previous location established in Perth.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Gen Z and their younger counterparts in Gen Alpha are often referred to as “digital natives.” But what exactly does that mean? And more importantly, how does this “native” status impact the methods brands use to engage these current and future consumers? A panel at the June 2023 Retail Innovation Conference & Expo provided answers and insights in the session titled Gen Z and Gen Alpha: Creating Impactful Brands for the Next Wave of Consumers.
Gig workers for delivery apps like Instacart are resorting to marking houses of “tip baiters,” customers who promise generous tips but later reduce or eliminate them after delivery, on Google Maps. These workers, who often rely heavily on tips for income due to low base pay, are using this method to help fellow colleagues avoid.
Walmart has named Kath McLay as its new President and CEO of Walmart International, replacing retiring 27 -year Walmart veteran Judith McKenna. Chris Nicholas, currently COO of Walmart U.S., will replace McLay as President and CEO of Sam’s Club U.S., with both changes taking effect Sept. 11, 2023. McLay, who joined Walmart in 2015, had roles in strategy and supply chain and led the retailer’s Neighborhood Market business before taking on the top jobs at Sam’s Club.
Walmart has named Kath McLay as its new President and CEO of Walmart International, replacing retiring 27 -year Walmart veteran Judith McKenna. Chris Nicholas, currently COO of Walmart U.S., will replace McLay as President and CEO of Sam’s Club U.S., with both changes taking effect Sept. 11, 2023. McLay, who joined Walmart in 2015, had roles in strategy and supply chain and led the retailer’s Neighborhood Market business before taking on the top jobs at Sam’s Club.
Melbourne-based fragrance brand Flâner has opened its first pop-up in Fitzroy, Victoria. The store boasts five non-gendered eau de parfums, which come in floral, wood, fresh and gourmand options, and a scented candle product made from olive wax called Firenze Leather. Each scent is named after a major ingredient or note used and is paired with an “urban story” it represents.
TikTok is continuing to build out its commerce-related services with the launch of ecommerce fulfillment for companies in the UK selling via TikTok Shop. The UK, along with several markets in Asia, was one of the first regions where TikTok Shop commerce functionality was made available. Now the UK also will be the first market for the company’s new logistics program, called Fulfilled by TikTok (FBT).
Predictions and Insights for Industry Leaders While the luxury industry took a while to pivot to digital, the last two years have seen a big uptick in digital investments, including. The post How Brands are Innovating the Luxury Retail Experience appeared first on Blog.
Pickleball, a sport combining elements of tennis, ping-pong, and badminton, has become the fastest-growing sport in the U.S. with 8.9 million players as of 2022, an 85% increase from the previous year. To meet the rising demand, a report by the Sports & Fitness Industry Association (SFIA) and Pickleheads suggests that over 25,000 new pickleball.
AI agents already analyze trends, draft content, and trigger actions across leading commerce platforms. Yet most organizations still rely on workflows built for human‑only teams, losing speed, margin, and customer loyalty. Humans + Agents: Rethinking Enterprise Commerce in the Age of AI Collaboration shows how to close that gap. In one concise read you’ll see where agent gains surface first, how early adopters prove ROI, and which lean controls keep innovation moving without risking data or bran
Wendy’s has unveiled its first “next gen” restaurants that prioritize technology and digital ordering, with a focus on drive-thru, dine-in, and digital order pickup. The design features self-service kiosks, pickup shelves for mobile orders, and dedicated parking spaces for delivery drivers. These tech-focused restaurants aim to meet the increasing demand for digital sales, and by.
SAP availability has traditionally been measured based solely on whether the application is up and running, commonly referred to as uptime or system availability.
Walmart’s strong sales growth in the last quarter, in contrast to Target’s decline, is largely attributed to Walmart’s dominance in the grocery sector. One in four U.S. grocery dollars are spent at Walmart, making it a major player in the industry. Walmart’s focus on grocery staples and in-home meal options, along with its popularity among.
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
Wilko will launch a new sale offering further discounts on hundreds of products in its stores today while administrators weigh up rescue bids. The discount chain, which collapsed into administration earlier this month, is slashing the prices of products even further as part of a separate “secondary” sale, The Sun reported. It comes on top of the administration sale, which the retailer launched in its 400 stores last week.
H&M, the world’s second-largest fashion retailer, has announced its decision to gradually cease sourcing from Myanmar due to reports of labor abuses in the country’s garment factories. The move follows similar decisions by brands like Inditex (owner of Zara), Primark, and Marks & Spencer to sever ties with suppliers in Myanmar. H&M cited the increased.
As England and Spain compete in the Women’s World Cup final, their sponsors Nike and Adidas are hoping to capitalize on the potential multimillion-dollar sales boost that comes from sports sponsorship. In 2019, Nike’s World Cup-winning U.S. National Women’s Team jersey became the top-selling soccer jersey ever sold in a single season on its website.
Late deliveries. Split shipments. Spiraling freight costs. For home, furniture, and DIY brands, fulfillment has never been more complex—or more critical. This report outlines how a smarter, AI-ready order management system (OMS) helps you reduce shipping costs, streamline project-based fulfillment, and ensure accurate inventory across every channel.
ISSAQUAH, Wash. – Costco Wholesale Corp. announced the election of Helena Foulkes to its board of directors. Foulkes is a former CVS Pharmacy president with more than 25 years of experience at the pharmacy retailer. After leaving CVS in early 2018, she joined Canada’s oldest retailer, Hudson’s Bay Co., as its first female chief executive officer. HBC’s chains include its namesake in Canada, Saks Fifth Avenue in the United States and Galeria Kaufhof in Germany.
Blue Shield of California is shifting away from most of CVS Health’s pharmacy benefit management (PBM) services and is partnering with Amazon, Mark Cuban’s Cost Plus Drug Company, and others to reduce drug costs for its insurance plan members. While Blue Shield will still use CVS Caremark for managing specialty drugs, it plans to save.
Off-price retailer Ross has increased its annual sales and profit forecasts after surpassing quarterly estimates. Bargain-seeking shoppers looking for discounted clothing and shoes amid inflation and rising household costs have boosted demand for Ross’ products. The company’s strong product assortments, particularly in the back-to-school category, have also contributed to its success, with Ross’ foot traffic.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Retailers across the UK including Boohoo, Waitrose and Ocado are set to enjoy a boost in sales as football fans prepare for the Women’s Fifa World Cup final this weekend. Analysis by Boohoo reveals that searches for ‘Lionesses kit’ soared 3,981% above the average volume in the last 90 days as England prepares to go head-to-head against Spain on Sunday.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Collaboration was key in the development of the platform In June 2022, Cisco announced plans to develop Cisco Full-Stack Observability (FSO) platform, expanding upon the foundations set by… Read more on Cisco Blogs
As summer vacations wind down and the anticipation of a new school year grows, retailers are gearing up with back-to-school retail ideas for the annual shopping rush. This critical period not only marks the return to classrooms but also signifies a significant revenue opportunity for businesses in the retail sector. Unpredictable inflation has significantly impacted parents’ spending behavior.
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