Top 25 Retail Website / Global Retail Influencer
Synchrony’s latest consumer research tracks adoption and interest in new and emerging retail technology. Results for Personalization, Augmented Reality, Bio-Authentication and Simplification.
New research from a survey of 4,300 Chinese consumers suggests a path forward for brands and marketers seeking the next wave of growth. - From McKinsey & Company
With Facial Recognition, Smart Shelf signals, Personalized Promotions, Package & Bio-metric scanning, in-store & shopping experience as a whole is revolutionized for customers as well as retailers.
More than 90% of members who try Scan & Go use it again on their next trip, and regular use is up 40% this year. That’s because it makes shopping easier and members like that. - From Sam's Club
Will Amazon conquer the world? From banking to data, food delivery to healthcare, the FT's Lex looks at which sectors should fear the tech giant the most. From Financial Times
Latest technology and what it means for the 60 million people who work in the garment industry. - From Wall Street Journal
Browse and buy – in another dimension – at the mixed-reality shopping booth at Taobao Maker Festival 2019.
Evolutionary AI models a business and tests strategies to anticipate the likelihood of success.
Aisle411, leading indoor mapping app, announces Tango that allows retail shoppers to search & navigate to product locations while getting rewarded in retail environments in a revolutionary new way.
Walmart Bossa Nova Robotics autonomous mobile robots (AMRs) used for real-time, on-shelf product data. Video Courtesy of Walmart Media. Video has no sound.
Chief Artistic Officer Reed Krakoff explains how Tiffany's is getting creative with new designs, cafes, pop-ups, riskier advertising, celebrities and more.
The seventh annual Gartner L2 Digital IQ Index: Department Stores benchmarks the digital competence of 61 department store brands operating globally.
In the video above we take a look at how Amazon stays on top of delivering billions of packages a year with the help of robots.
Shopping might be defined as a purely visual phenomenon. We see, we like, we buy. But with new technology from Alibaba, it's become one of touch and even smell, too.
With over 5,000 stores in the U.S. and enough revenue to rival smaller countries, Walmart has established itself as a staple of American culture.
Derek Belch, STRIVR founder and CEO, joins CNBC's "Squawk Alley" to discuss how his company is partnering up with Walmart to utilize virtual reality to train and promote its 1.5 million employees.
It’s never only one new thing or concept that keeps a company relevant. Instead, it’s actively listening to your customers & providing them with what they need. From TrendforceOne & DIY Next
Monocle Films walk the extra mile to meet shopkeepers who’ve gone off the beaten track to give their customers a different experience.
Reality technology—also defined as immersive technology—comprises virtual reality (VR), augmented reality (AR) and mixed reality (MR).
Amazon has redefined e-commerce as we know it, but in the wake of declining growth in Amazon Prime membership, the everything store is evolving.
Page 9 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