While the concept of the digital twin has been known in manufacturing for some time, it is still relatively new to consumer retail. But we see vast potential as the industry moves into the era of the Internet of Things.
New Retail is blurring the online and offline commerce in China. We review recent developments in New Retail in eight retail and consumer sectors: e-commerce; consumer electronics; fashion; fast-moving consumer goods and supermarkets; cosmetics and beauty; furniture and home improvement; department stores; and, local services.
3D design technology helps retailers better meet fast-changing consumer demand, while also improving product quality and cutting costs. The technology is already helping many companies in fashion and furniture create new product designs more quickly and with higher precision.
IVAs can improve supply chain operations by cutting labor costs and enabling faster and more accurate service delivery, ultimately leading to better customer experiences. Companies such as Alibaba and Aramex have been employing IVAs to improve supply chain efficiency.
Supply Chain Briefing: Robotics Brings Productivity to the Supply Chain and Speeds Last-Mile Delivery
Heavy industry has used robotics for decades – but now it is gaining traction in apparel and retail. Robots offer improvement in supply chain by enhancing speed to market, better logistics, better warehousing and speedier last-mile deliver
New Retail Briefing: JD.com Extends Group Buying to Hong Kong, Ikea Launches App to Integrate AR with Shopping
JD.com has launched a group buying service in Hong Kong, ahead of the 6.18 shopping festival.
Israel’s retail-tech sector is growing and quickly becoming one of the hottest and most innovative ecosystems for retail technologies, with startups offering solutions from supply chain logistics to the in-store experience.
E-commerce has served as a growth impetus for CPG, enabling a more direct connection between brands and customers and giving brand owners greater control over the supply chain.
New Retail Briefing #5: Alipay Pushes Cross-Border Payment; JD.com Continues Unstaffed Delivery Initiatives Abroad
“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond.
Blockchain technology has the potential to disrupt retail as it can decentralize processes through which retailers interact with partners, industry players and consumers, making operations more efficient and secure. We looked into the implications for this technology
Insights from China: Leveraging the Power of Douyin (TikTok) to Reach and Engage Young Chinese Consumers
Douyin, known as TikTok overseas, is a short video app which allows users to share short videos. The Beijing-based Internet company ByteDance launched the app in 2016 and its international version TikTok a year later. The app gained traction rapidly.
Day 2 at Shoptalk Coresight Research Insights: Hearing from Levi’s On Personalization; and Using AI to Deepen Connections with Customers
Personalization is growing in importance to create authentic consumer to brand relationships. Brands and retailers going global are localizing more than ever in other markets.
To kick off this year’s Shoptalk conference, Coresight Research Founder and CEO, Deborah Weinswig, emceed Shoptalk’s Startup Pitch competition featuring 15 early-stage technology companies. Two winners won $25,000 prizes: One chosen by the judges, one through audience voting.
The Coresight Research team will attend and participate in Shoptalk 2019 March 3-6 in Las Vegas. The event brings together more than 8,000 attendees and more than 300 speakers to discuss rapid evolution of how consumers discover, shop and buy.
Best Buy (NYSE: BBY) Fiscal 4Q19 Results: Beats Consensus Estimates and Guides at or Above Consensus for FY20
Best Buy (BBY) reported a 4Q18 that beat expectations across the board, and 2019 guidance was in line. Comps were +3.0%, beating the +1.8% consensus. EPS was $2.72, beating the $2.56 consensus. Revenues of $14.8B also beat consensus. For 2019, BBY expects comps of +0.5%-2.5%, in line with consensus of +1.5%.