Top 25 Retail Website / Global Retail Influencer
Retail Media Networks are already the fastest growing ad-supported media channel. In 2022, GroupM estimated that global retailers had $88 billion in ad revenue and in 2023 it will reach $101 billion with projections to grow by 60%.
In 2022, USA retail had 694 retail fatalities which was up 17% on the previous year and up over 80% since 2016 when the data started getting tracked.
What are the top 3 priorities for retail tech and the top 3 emerging technologies for 2023?
The United States Secret Service just published the first of its kind report which analyzes 173 mass violent attacks in the United States between 2016 and 2020. I urge everyone to read it.
Remember all the hype a few years ago about Amazon Go and how cashier-less stores were going to take over the world? Amazon in their latest earnings’ call announced that they are halting and to re-evaluate the economics of its mainstream grocery concept.
The 2023 edition of the National Retail Federation Big Show brought together more than 35,000 attendees, 350 plus speakers, and nearly 1000 exhibitors to New York this year. This year, two hits and two misses.
Retailers selling to middle to lower income consumers, those selling discretionary goods, or those with weaker balance sheets or high debt will be hardest hit. More store closings and more bankruptcies will follow in 2023.
According to the IMF, a third of the world economy faces two consecutive quarters of negative growth, the technical definition of a recession. Global inflation is forecast to rise from 4.7% in 2021 to 8.8% in 2022, 6.5% in 2023 and 4.1% in 2024.
Inflation is lowering consumer confidence in multiple major economies. 31% of USA parents say they are struggling to cover day-to-day expenses, 56% do not consider themselves to be financially “healthy."
Adding to the economic risks discussed in the last 2023 predictions video, here are ten global risk scenarios as published by the Economist Intelligence Unit that could negatively impact world economies in 2023.
Predictions are that by 2026, more than 64 billion IoT devices will be connected around the world. Companies and consumers will spend nearly $15 trillion on IoT devices, solutions, and supporting systems from 2018 through 2026.
Creating the first working self-checkout machine took three years and five million dollars. The pandemic accelerated their adoption as a frictionless technology here to stay.
The consensus is that the roots of radio frequency identification can be traced back to World War 2. A 2021 study published by Accenture, labeled RFID adoption in retail as booming. Check out why.
One of my legendary "toasts" integrating fun facts about the city of Cleveland with memorable insights that you will never forget. As they say in Italy, raise your glass and say "Salute".
On multiple levels EAS was really the first item level technology applied to consumer products. As with CCTV video, it was a foundational technology whose evolution to greater intelligence still continues today.
Fast forward 72 years since they first appeared, in 2021, the world crossed over 1 billion CCTV cameras installed worldwide.
From a bar in Dayton Ohio where the barkeep was worried about his profits, to now over 40 Amazon Go stores, it's time to review the humble beginning of the cash register as an employee anti-theft tech
There is no greater gift than the embrace of a child or a special memory that lives with you forever. Enjoy the ride for one day, you will realize it is too short.
“The word “robot” was coined in 1920 by the Czech playwright Karel Capek. The industry robot market is expected to grow at a compound-annual-growth rate (CAGR) of around 10%
‘Field of Gold’, which was one of the tracks on that Sting CD that started it all, perfectly summarizes the journey’s riches that ecommerce has accumulated since its memorable start.
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Continuing our journey to learning something new, we go to my native land of Italy and the city of Rome. According to Roman legend, the city of Rome was named after its founder, Romulus, the first king of Rome.
Modern Rome has 280 fountains and more than 900 churches. Nearly $1 million worth of coins are tossed into Rome’s Trevi Fountain. The proceeds are donated to the charity Caritas to help those in need.
The first ever shopping mall was built in Rome between 107 and 110 AD by Emperor Trajan. It sold a wide variety of goods and grocery items. Rome’s first university, La Sapienza, established in 1303 AD, is the largest in Europe and the second largest in the world.
The Romans gave us our calendar. In 46 BC when Julius Caesar was in Alexandria, he marveled at their calendar which was based on the solar year. After Caesar’s trip he instated the new Julian calendar which would be 365 days with an extra day at the end of February every 4 years – the leap year! It wasn’t until after Caesars death that a month was named after him. Originally July was actually named Quintilius.
This picture is one of my favorites from 2024. It is from a villa in Rome where with Sensormatic we celebrated successes of our global business partner network.
It has been an amazing fulfilling year and I am looking forward even more to an even better 2025. Our future, including what is in front of us, has not been written. Always remember that you are in control of your destiny and can craft the life you always dreamed about.
Have a happy, healthy, safe, and prosperous New Year. In my native Italian, a toast to all of you, 'Salute', which literally translates 'to your health'.
The Impact of Retail Theft & Violence 2024 in USA Retail
USA retailers surveyed experienced a 93% increase in the average number of shoplifting incidents per year in 2023 versus 2019 and a 90% increase in dollar loss due to shoplifting during that same time period. And the rise in shoplifting has continued past the pandemic. 73% of those surveyed say that shoplifters are exhibiting more violence. - From National Retail Federation Read more
Visualizing What the World Googled in 2024
Why Food Prices Are Still So High In The U.S. -CNBC
As inflation cools considerably, prices for items like gasoline, used cars and energy have all declined accordingly. But food prices continue to outpace inflation, increasing by 28% since 2019. Read more
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