Artificial Intelligence (AI) is akin to giving the computer a human-like brain and AI-powered devices can learn, make decisions and solve problems. AI underlies all aspects of the Retail Ecosystem. Click here to view our reports on AI in retail. This presentation was delivered at NRF 2019 and includes: Definitions and applications of AI AI across geographies and sectors The CORE Framework for AI in Retail The future of AI in retail
US 2018 Holiday Homestretch:- Favorable Macro Backdrop Continues 2. Estimate 3%–4% Holiday Sales Growth 3. Early Results Bode Well for Holiday Spending 4. Sales Up, Store Traffic Down & much More
Q32018 Recap and Retail Update • Macro Update • 3Q18 Retail Update • 2018 Holiday Preview
AGENDA About Coresight Research Macro Trends Current State of the In-Store Experience What’s Changing Making the Shift China Leading Retail Transformations: 5 Things You Need to Know
STRATEGIC ADVISORY- Custom research and advisory to identify, size and act on opportunities, provide actionable market insights, and craft retail strategies and recommendations. RESEARCH ANALYSIS- Coresight Research publishes more than 1,000 reports annually. Our in-depth, data-driven reports provide sector, regional and platform-specific analysis.
2Q18- Retail Update 1. US Retail Sales Accelerate 2. Store Traffic Continues to Decline 3. June Same Store Sales Solid 4. Retailer Revenues: Strong Overall Growth
Today’s Topics • Q1 2018 Business Trends & Results • Q1 2018 Business Weather Insights • May Outlook
AI will play an increasingly important role in managing online and offline retail, logistics and data in a New Retail environment.
• Alibaba has significantly invested in or acquired various brick-and mortar businesses in China, including Suning, Intime Retail Group, Sanjiang Shopping Club and Sun Art Retail Group. • The company is already operating automated cashless retail stores in China.
After acquiring a number of online apparel companies, Walmart will host a Lord & Taylor storefront on Walmart.com starting in the spring of 2018. • The intent is to create a premium fashion destination on Walmart.com. • Walmart is beginning to build out “elements of discovery and inspiration” within the fashion portion of its website.
1) Artificial Narrow Intelligence (ANI): “Weak AI” that specializes in one area. We have so far conquered this stage. 2) Artificial General Intelligence (AGI): “Strong AI,” or HumanLevel AI, that is as smart as a human across the board—a machine that can perform any intellectual task that a human being can. 3) Artificial Super Intelligence (ASI): Much smarter than the best human brains in practically every field, including scientific creativity, general wisdom and social skills.
• AI is human-like or intelligent behavior exhibited by computers and machines. • It is enabled by a computer program or set of programs that help machines make autonomous decisions through cognitive functions similar to those typically exhibited by human beings, such as learning, decision making and problem solving.
• On June 16, Amazon announced its plan to acquire Whole Foods for $13.7 billion in cash. • Amazon closed the acquisition on August 28, and Amazon electronics were available in Whole Foods stores that same day. • Amazon reduced prices on some items by as much as 43% on the day of deal closing and again on November 15.
US 2017 Holiday Wrap-up season:- Holiday Wrap-Up: Season Exceeded Expectations Due to a Holiday Surge 2. Consumers Wait for the Best Deals, Which Drives a Last-Minute Rush in Sales 3. Favorable Holiday Calendar: A Full Weekend Before Christmas 4. Holiday 2017 Weather Was an Easy Comparison Versus 2016......
2017 In Review:- Introduction to Celect & FGRT Major Retail Trends 5 Shocking Moments of 2017 2018– The Breakout Year for AI?