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About a quarter of U.S. malls could close over the next three to five years, accelerating a trend that began before the pandemic. -from CNBC
Take a virtual tour of this 4000-sqft hybrid store, where shoppers can choose to shop autonomously (by checking in using an AiFi app) or continue to shop as usual with a cashier at checkout.
The Dubai mall is the second largest mall in the entire world. But when shopping gets old, check out the amusement park, go go-karting or skating on the Olympic-sized Dubai ice-rink, and more.
With consumer behavior changing due to Covid-19, the convenience store industry could be on the verge of a profound change. -from CNBC
RH is now ambitiously trying to turn it into a global luxury brand providing an array of services. -from CNBC
Amidst all the pressures that 2020 brought, there was creativity and innovation taking place across the retail industry, which we thought deserved to be celebrated.
In the midst of the pandemic, Williams-Sonoma has stood out as a company, its stock price reaching a new all-time high in January 2021, despite many businesses declining. -from CNBC
Here’s a glimpse at what the world of luxury has been doing online to usher in the Chinese New Year of the Ox. - From Alibaba Group
In 2019, payment card fraud losses reached nearly $28 billion worldwide. The United States alone is responsible for more than a third of the total global loss making America the most card fraud-prone.
Walmart, America’s largest grocer, launched a primary care clinic called Walmart Health, in September 2019. -from CNBC
The West needs livestreaming sooner rather than later, especially for struggling sectors such as apparel.
Here are the predictions on how the world of retail will continue to change over the course of 2021 as the pandemic and other factors continue to influence our habits. -from Business News
Livestreaming has gone mainstream in Alibaba’s digital ecosystem. Livestreamers are now online 24/7 and come from all walks of life, from farmers and personal shoppers to celebrities.
Behind closed doors Amazon had been working on an ambitious plan to release almost instant delivery. The goal? Just 30 minutes, from the click of the ‘order now.’ -from Tech Vision
The company says at its height, it was fielding 60 requests for co branded vests, a day. The combination of hefty price tags and a professional-class of super fans earned it the nickname "Patagucci".
The astonishing feat of ferrying hundreds of millions of items. And the modern-day voodoo of deep-learning AI – all of which are made flesh in the most advanced stockrooms the world has ever seen.
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
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“Paris is always a good idea.” – Audrey Hepburn
Continuing our global tour to learn something new, our next stop is one of my favorite cities in the world, Paris, France.
The ancient settlement that corresponds to the modern city of Paris was first mentioned in mid-1st century BC by Julius Caesar as Luteciam Parisiorum and later as Parision in the 5th century and then Paris in 1265. The name Paris is derived from its early inhabitants, the Parisii, a Gallic tribe from the Iron Age and the Roman Period.
Did not know that the city actually has 3 to 5 other statues of liberty, and yes, the French gifted the one in New York. You can find the Mona Lisa painting in the Louvre; when you see it, you will be surprised by its small size. My favorite museum in Paris is the D’Orsay, located in an old train station by the Seine River.
Paris is called the city of lights because it was one of the first European cities to install street lights, not because of how the city is currently illuminated. You might also be surprised that the entire city has no stop signs.
Haute couture (high sewing) is the creation of exclusive custom-fitted high-end fashion designs constructed by hand from start to finish. Chanel, Christian Dior, and Louis Vuitton started in Paris.
The city's motto is “Fluctuat nec Mergitur” a Latin phrase that literally translates as “tossed by not sunk. The city’s crest features a depiction of a ship. Interesting as the city is inland.
I have lost count of how many times I have traveled to Paris for business and pleasure. It is the place to visit inspiring stores, enjoy great cafes, consistently delicious food, and my favorite always, the best baguettes. Writing this summary was a reminder that it’s time to visit the city once again because, as Audrey said, it is always a good idea.
2023 Omnichannel Experience Index
Digital is the entry point to more shopper experiences than ever before. 93% of all shopping journeys now begin online, up from 81% in 2020. For omnichannel retailers, these ever-evolving shopper needs have led to new and increasingly complex challenges. - From Blue Yonder and Microsoft Read more
The 2023 Gartner CIO and Technology Executives Survey shows Retail CIOs are prioritizing growth and customer experience. This infographic will show you how your peers are investing in tech to deliver on digital initiatives.
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. Read more
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