Top 25 Retail Website / Global Retail Influencer
Artificial intelligence and vision technologies give retailers the ability to see, learn and make decisions like never before. - From Intel
Artificial intelligence and vision technologies give retailers the ability to see, learn and make decisions like never before. - From Intel
NRF 2020 Microsoft CEO Satya Nadella opening keynote with his thoughts on the future of retail and how technology can help the industry transform. - From NRF
NRF 2020: Retail’s Big Show is where the entire industry unites to get a whole new perspective. - From NRF
From 2010 to 2019, the retail apocalypse and changing tastes killed off many iconic companies. We lost Payless ShoeSource, Borders, Wow Air, and Toys R Us this decade. - From Business Insider
For seven years, Ikea has treated the smart home as a hobby. That’s changing now that Home Smart division has been promoted to the same importance as all the other Ikea businesses.- From The Verge
Returns in the U.S. create more than 5 billion pounds of waste in landfills each year, and more than 15 million metric tons of carbon dioxide. - From CNBC
Forever 21 has been practically synonymous with “fast fashion” and its massive stores have become a common fixture in America’s shopping malls. Now closing stores. - From CNBC
Almost 1,700 USA stores inside malls closed in 2018, according to Bank of America, and so far this year, closings have reached more than 4,000. This is the future of malls. - CBS This Morning
WIRED's Emily Dreyfuss talks with architecture professor Ellen Dunham-Jones about mall culture and the fate of dead malls. Hint, zombies and loneliness epidemic.
What's in store for retailers this holiday season? Unwrapping top 10 holiday shopping trends, how much consumers plan to spend, where they'll shop, & latest digital trends. - From Deloitte USA
For Alibaba, 24 hours of experience filled shopping, $38.4 Billion in gross revenue, a new record in the 11th edition of 11.11 Singles Day.
Brain Corp has deployed 3,000 industrial floor cleaners. Bossa Nova has deployed 350 inventory robots in Walmart, and Simbe expecting to deploy 500 systems over the next year. - From ABI Research
For decades, Toys "R" Us was a retail overall leader. Then they filed for bankruptcy in 2017 & liquidated six months later. How did Toys "R" Us go bankrupt? - From Wall Street Journal
Sobeys is pilot-testing a high-tech shopping cart that allows shoppers to skip the checkout line, but it is not intended to replace cashiers. From CityNews Toronto.
Would you accept skin care recommendations from Siri or Skynet? Maybe not, but you might have been served A.I.-picked recommendations, thanks to Sephora.
From augmented reality-powered mirrors to robot couriers, Alibaba's Intime shopping mall brings shopping innovations to Chinese consumers in time for Single's Day 11.11.
Coresight Research projects a positive USA Retail Holiday Season. Holiday shopping becoming less important to retailers.
At heart of Ikea's success is value. In fact, price is so important to Ikea's strategy that company first decides on price of a piece of furniture & then reverse engineers construction. - CNBC Make It
Malls as we know them are going out of style - but that doesn't mean they're dying. Instead, they're using AI, curated experiences, and more to evolve and fit into the world of tomorrow.
Page 8 of 16
"Die of Success? Give me a break. We've only just started." - Amancio Ortega, Zara's Founder
Continuing our global journey to learn something new our next stop is the retailer Zara. As of January 2023, the Inditex group which includes Zara operated nearly 6,000 stores worldwide.
In 1963, Amancio Ortega opened Confecciones GOA, a small dressmaking workshop in La Coruna in Galicia, Spain. Zara was born in 1975 and originally it was called Zorba, an inspiration from Amancio’s favorite movie ‘Zorba the Greek’. Turns out a bar nearby already had taken the Zorba name.
The Inditex Group was born in 1985 as a holding group to bring multiple companies, including Zara under one banner. Inditex actually stands for ‘Industria de Diseño Textil’.
Zara’s designers create 40,000 new designs annually, out of which up to 12,000 go into production. From the design stage to production, distribution, and appearing for sale in a Zara store, it takes up to 15 days (industry average is 4 to 6 months). Annually, the company produces 500 million pieces of clothing.
Most global fashion brands pump 3% to 7% of their revenues into advertising. For Zara, the advertising budget is 0.3% and most of it is used on store displays. 85% of the clothes are sold at full price.
La Coruna and visiting Inditex stores throughout the world such as this Zara in Milan was one of my favorite retail activities. Their focus on innovation and continuous improvement have also been a core inspiration to my career. As the opening quote from Amancio reminds us, if you truly enjoy what you are doing, every day, you are just getting started.
Retail's AI Revolution
The overall economic AI impact worldwide through 2029 will be $9.2 trillion USD. This impact will vary dramatically by region, by tier, by retail segments, and by solutions. AI/ML has the potential to greatly enhance retail operations by analyzing customer data, providing personalized recommendations, optimizing inventory management, and automating customer service, but implementing these technologies can be challenging and requires extensive data cleansing and tagging. - From IHL Group Read more
How Generative AI is Being Used to Change the World of Marketing
77% of companies are exploring Artificial Intelligence, including Generative AI. This innovative technology involves algorithms fed into existing content to create iterations with new content, including audio, code, text, pictures, video, and simulations. The goal is to 'teach' machine learning systems to 'artificially think' and create innovative content. - From Techaeris
Apple vs. Samsung’s Strategies to Move Manufacturing Away From China | WSJ
China has long been the manufacturing hub for tech giants like Apple and Samsung. But now, a range of geopolitical factors are pushing technology companies to spend billions to relocate their operations to places like India, Vietnam and Latin America. Read more
As applicable, all trademarks, service marks, and content in Top 3 Weekly Essentials, Brilliant Research, Smart Infographic, and Insightful Videos published on this site are the property of their respective owners.
Copyright © 2023 TD Insights LLC. All Rights Reserved.
Privacy Policy Cookie Policy