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The company says at its height, it was fielding 60 requests for co branded vests, a day. The combination of hefty price tags and a professional-class of super fans earned it the nickname "Patagucci".
The astonishing feat of ferrying hundreds of millions of items. And the modern-day voodoo of deep-learning AI – all of which are made flesh in the most advanced stockrooms the world has ever seen.
Using an advanced AI system, temperature controls, nine miles of conveyor belt, and a fleet of delivery trucks, the company is able to cut out three steps in the normal grocery store supply chain.
Macy’s has long been identified with the start of the holiday shopping season. But the company was hurting even before the coronavirus crisis hit the retail industry. -from WSJ
The biggest shopping festival in the world, this year running 11 days ending November 11. $74.1 billion in gross revenue for Alibaba. -from TDInsights Live
Double 11 or what used to be called Singles Day was an 11 day festival this year reaching sales of $75.1 billion. Here are the 9 winners of Alibaba’s Go Global 11.11 Pitch Fest. -from TDInsights Live
Walmart's potential deal with TikTok may not only change the retail giant, it could reshape how Americans shop online. -from WSJ
There will be five such stores as part of a trial run, and by next year the government plans to authorize around 800, and then about 4-thousand by 2025. -from ARIRANG NEWS
The coolest thing about these stores is the Amazon Dash Cart, which enables customers to skip the checkout line. -from Yellow Productions
Leading retailers are leveraging AI to reduce shrinkage, improve forecasting, automate warehouse logistics, and more. -from NVIDIA
With the movie business competing with popular streaming services like Netflix, Disney+ and Apple+, is this the end of the movie theater business as we know it? -from CNBC
Even before the coronavirus pandemic started gamers had already begun to shift from buying packaged software at brick and mortar stores to downloading games directly to their consoles. -from CNBC
It’s becoming more and more popular in China, with online streams raking in millions of viewers and buyers. But could it ever take off in other parts of the world? -CGTN Europe
Costco makes billions doing what in retail might once have been thought unthinkable: charge people to shop there. -from CNBC
Here are some ways to spot fake reviews and what Amazon and others are doing to try and stop them -CNBC
As retail traffic continues to migrate to digital, companies are changing how their sites are designed using principles of behavioral economics. -from Cheddar
How spending habits are changing as millions of Americans continue to work from home. -from Yahoo Finance
Once known for its “treasure hunt” atmosphere, colorful home furnishings, and distinctive holiday decorations, Pier 1 filed for bankruptcy in February 2020. -from CNBC
Apple Marina Bay Sands is the first Apple floating store in the world and will be opened soon. -from SG Yap
Brooks Brothers -- the self-proclaimed oldest clothier in the U.S. -- filed for bankruptcy in July. -from WSJ
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
Deloitte Global Retail Outlook 2024
After a prolonged period of suppressed consumer spending, macroeconomic and geopolitical uncertainty, and rapid changes in consumer behavior (among other things), the global retail industry stands at a crossroads; forced to make decisions about long term investments in new technology and business models while at the same time managing the rising cost of doing business and a decline in the spending power of consumers. - From Deloitte Insights Read more
The World's Top Flight Routes by Revenue
In 2024, a record 4.7 billion people are projected to travel by air—200 million more than in 2019. While revenues surged to an estimated $896 billion globally last year, airlines face extremely slim margins. On average, they made just $5.44 in net profit per passenger in 2023. Today, the industry faces pressures from high interest rates, supply chain woes, and steep infrastructure costs. - From Visual Capitalist
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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