Top 25 Retail Website / Global Retail Influencer
The ‘right to repair’ movement received good news from Apple in November 2021. The company will begin providing customers with genuine Apple tools, parts and manuals in 2022
A NASA astrophysicist explains humanity’s big new toy.
Waymo is operating fully driverless robotaxis in Chandler, Ariz., and recently took a step toward offering the same to riders in San Francisco
The James Webb Space Telescope is about to revolutionise humanity’s comprehension of the cosmos.
From behind the wheel of new electric cars from Ford, Volkswagen, Nissan and Nio, FT reporters look at how the established carmakers are trying to take on Tesla. -from Financial Times
Smart beds tout features like sleep tracking and climate control. But does the technology actually produce a better night’s rest?
99% of all internet traffic runs on a hidden network of undersea cables. Modern life is increasingly dependent on these slinky subaquatic wires.
The rocket business is heating up and one startup has grand ambitions of following SpaceX to orbit. Firefly Aerospace wants to be a dominant launch provider in the growing small satellite market.
Everyone is blabbing about the metaverse. But what does this future digital world look like? WSJ’s Joanna Stern checked into a hotel and strapped on a virtual-reality headset for the day
Ever wondered how EVs get from A to B? Is it essentially the same as an internal combustion car, but wired up to a giant battery? Or is there some altogether more subtle trickery afoot?
A tech industry battle is taking shape over the “metaverse.” WSJ tech reporter Meghan Bobrowsky explains the concept and why tech companies like Facebook, are investing billions to develop this space.
Artificial intelligence is set to revolutionize the world, empowering those nations that fully harness its potential. The U.S. is still seen as the world AI leader, but China is catching up.
Tesla is expanding access to the company’s city-driving tool to some customers. In this video, WSJ explains what’s in the new software and the controversy surrounding its limited release.
Concorde used to cross the Atlantic in a little over three hours. But for almost 20 years supersonic travel has been frozen in time. Now, the race to build the next high-speed airliner is back on
Apple’s iOS 15 is full of new features and tools—if you can find them. WSJ’s Joanna Stern shows you how to use the new FaceTime tricks, Focus Mode, Live Text, weather alerts and so much more.
As the global chip shortage drags on, car makers are forced to adjust production and rethink the entire supply chain.
Since the birth of automobiles, headlights have undergone a wide variety of changes. They have become more and more advanced.
Climate change is increasingly threatening cities with catastrophic flooding. Many are now looking to Rotterdam, and its long history of innovation when it comes to holding water at bay.
El Salvador became the first country in the world to adopt bitcoin as its national currency, allowing people to use a digital wallet to pay for everyday goods.
The pandemic not only disrupted education—it also thrust technology onto a sector which historically has been slow to adopt it. Will classrooms ever be the same again?
Page 3 of 19
"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