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Analysis: How Apple’s AI investments stack up

Inside Retail

After the company reported quarterly earnings on Thursday , Cook insisted that Apple will have concrete details about its plans for AI to talk about very soon. ” (Reporting by Stephen Nellis in San Francisco; Editing by Leslie Adler) The post Analysis: How Apple’s AI investments stack up appeared first on Inside Retail Australia.

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Ebay Plans Inaugural Recommerce Day, Launches Digital ID Integration

Retail TouchPoints

Slated for May 21, the holiday will be celebrated across the Ebay platform as the company unveils its latest Recommerce Report. Coinciding with Recommerce Day on May 21, Ebay will release its fourth annual Recommerce Report showing that consumers are increasingly shopping preloved goods.

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Fashion label to close online store in protest at BFCM ‘frenzy’

Inside Retail

Mia Fratino is also encouraging its customers and supporters to spread their thoughts on slow fashion with #noplayblackfriday tag. According to a report delivered to the Monash Sustainable Development Institute (MSDI) in 2019, an estimated 6000kg of textiles and clothing is dumped into the landfill per 10 minutes in Australia.

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Lidl GB Adopts Electronic Shelf Labels in Nationwide Rollout

365 Retail

Lidl GB has embarked on a transformative journey, announcing a switch from traditional paper pricing tags to Electronic Shelf Labels (ESL) across its entire network of stores.

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AI-Powered Store Intelligence Shines a Light on Shrink

Retail TouchPoints

Some ways retailers have turned to technology for shrink reduction include RFID tags on products to cut down on theft, robots in aisles to check labels and automated pickers in the warehouse to lower the risk of damaging products. The report said, in line with the last five years, that the average shrink rate in 2021 was 1.4%.

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Deep dive: What social commerce looks like around the world

Inside Retail

In the US, social commerce is anticipated to double to US$80 billion in annual sales between 2021 and 2025, putting the US second only to China in social commerce, although China outsells the US by a factor of 10. TikTok reports that two-thirds of its users were inspired to shop even when they weren’t actually planning to do so.

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Dollar Tree Breaks the $1 Price Barrier

VMS

has announced it will sell items in some locations for more than the $1 price tag in its name promises, reports the Associated Press. Annual U.S. Dollar Tree (Chesapeake, Va.) Last month, the discount retailer announced that increasing shipping costs would decrease its per-share profits by $1.50 inflation reached 4.2