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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
Amid lockdowns and social distancing, the pandemic is changing what consumers want and how they buy it. -from CNBC International
From partnering with Instacart to launching Walmart+ as a competitor to Prime, here are all the ways Walmart is looking to catch up with Amazon's dominance in e-commerce. - From CNBC
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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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