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Why are retail thefts on the rise?


The National Retail Federation’s annual 2022 survey found that the average shrink rate — an industry term for lost inventory — was 1.4%. That translates to nearly $95 billion in losses. - From Scripps News

Pressures on Retail - Give Value No Matter What


Millard Drexler, Alex Mill CEO and Proprietor, discusses the big issues in the retail and why he believes the market is not calming down. - From Bloomberg Television

The Future of Retail Has WAY More Cameras


CNET looks at how technology is shaping the future of shopping at NRF 2023 expo in New York. Advancements in image recognition, combined with artificial intelligence, are keeping an eye on both the products and customers. - From CNET

Why Dick’s Sporting Goods Succeeded When Sports Authority Failed -CNBC


At $67.2 billion, the sporting goods industry became one of the fastest-growing industries in the U.S. in 2022. Dick’s Sporting Goods controls an estimated 14.2% of that market, the most of any company.

Project Unlock from Lowe's Innovation Labs


This early stage project uses low-cost RFID chips and scanners, and a novel use of blockchain, to tackle theft of powered products in a way that is virtually invisible to retail customers. - From Lowe's Innovation Labs

Bed Bath & Beyond’s Potential Bankruptcy, Explained | WSJ


Bed Bath & Beyond recently warned it may be filing for bankruptcy in just a few weeks. WSJ’s Suzanne Kapner explains the roller coaster of events over the past six months that led to this low point for the company.

Why the counterfeit business is booming -The Economist


The quantity and quality of counterfeit sneakers has never been greater. As online sales boom, many buyers are deliberately choosing the steal over the real.

Returns Are the Retail Industry’s Quietly Mounting Logistics Problem | WSJ


Customer returns are skyrocketing in the U.S., but many items don’t go back to retailers’ shelves. WSJ looks into the complicated process and how retailers are responding to increasing returns.

When Will Inflation Finally End?


When will soaring inflation finally come to an end? Economists weigh what's ahead and provide their valuable insights into what's in store for 2023.

The Rise And Stall Of Wells Fargo -CNBC


U.S. regulators say Wells Fargo has repeatedly misled and overcharged its customers. These allegations have rocked the 170-year-old bank, which still stands as one of the largest lenders in the U.S.

Meta’s Flagship Metaverse Is Glitchy and Mostly Empty | Tech News Briefing | WSJ


Nearly a year after CEO Mark Zuckerberg announced the rebranding of Facebook as Meta and a shift in strategy to focus on the metaverse, internal documents show the company falling short of its goals.

Why Everything Is On Sale: The Bullwhip Effect | WSJ


If it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Why? Just blame the bullwhip effect.

Why Target Failed In Canada -CNBC


Target's first and only foray into international markets happened in 2013 in Canada. The retailer opened a total of 133 stores in just over a year. But the expansion didn't go as planned.

Natural-Disaster Warnings Are Improving With AI, GPS Tech | Tech News Briefing Podcast | WSJ


With severe wildfires, hurricanes and other natural disasters becoming more commonplace, current technologies that alert people to impending danger sometimes fall short.

How Amazon Changed Whole Foods, Five Years Later -CNBC


Five years ago, Amazon bought Whole Foods for $13.7 billion. Since then, there’s been a lot of changes, including a new CEO starting Sept. 1. It added a palm-scanning payment option, hundreds of cameras and sensors to enable checkout-free shopping.

How These Companies Are Taking Over Car Dealerships -CNBC


Car dealerships have been mom and pop businesses for much of their existence. But the industry has been slowly consolidating. Six publicly traded dealership groups have been on a have been on a shopping spree, buying up dealerships.

Bed Bath & Beyond Is in Crisis Mode. What Went Wrong? | WSJ


After years of declining sales, Bed Bath & Beyond is facing an existential crisis. WSJ explains why the company has fallen on hard times and looks forward to what’s next for the veteran retailer.

How Companies Design Products To Avoid Tariffs - Cheddar Explains


How a product is classified can mean either big savings or big costs for the company that sells it. In this episode we explain how companies engineer their products to avoid tariffs. -from Cheddar

How the Consumer-Price Index Measures Inflation | WSJ


As inflation climbs in the U.S., rising food and energy costs have pushed the nation’s most popular price index to its highest level in four decades.

Amazon’s Plan To Fix Its Multi-Billion Dollar Returns Problem -CNBC


While Amazon’s dominance grows, so does its number of returns, and that’s causing a massive problem for the e-commerce giant and the planet.