This week’s note “From the Desk of Deborah Weinswig” discusses how blockchain technology could democratize operations and promote cooperation in retail.
This week’s note “From the Desk of Deborah Weinswig” discusses the adaptive clothing and footwear market, which represents a $47.3 billion opportunity in the US.
Amazon was among the retailers to report a slower holiday quarter: The company’s North America sales growth slowed from 35.0% in the third quarter to 18.3% in the fourth quarter. These figures exclude Amazon’s high-growth Amazon Web Services (AWS) business and, so, should closely reflect its retail and marketplace revenues.
Eight things you need to know about retail in China: Smartphones are key, cash is going away (seriously), shopping festivals are booming, smaller cities are spending – and more.
Robots: Moving Beyond Warehouses into the Stores and the Streets Robots burst into the consciousness of the retail industry when Amazon acquired warehouse-robot-maker Kiva Systems for $775 million in May 2012. Since then, many other retail companies have followed Amazon’s example and deployed robots in their own warehouses. These robots are not the kind that walk and talk; they’re flat, faceless machines that scoot across a warehouse floor, delivering a shelf of goods to a fulfillment center, where a human packer then completes the order. While many imagine that warehouses and fulfillment centers are already completely automated, most operate using human-machine
hree Ways China Will Lead Digital Retail Trends in 2019 — and Why These Trends Are Likely to Drive Consolidation Among Major Platforms China continues to lead the world in the integration of online and offline retail, most notably through Alibaba Group’s New Retail concept. We predict that retailers in the U.S. and Europe will increasingly adopt elements of New Retail in 2019. But what else is worth keeping an eye on in Chinese digital retail? This week, we discuss three digital trends we expect to see in 2019, and we note that all three are likely to strengthen the competitive
On May 23, Macy’s announced the appointment of Paula A. Price as Chief Financial Officer, effective July 9.
JCPenney’s Chairman and CEO Marvin R. Ellison has been appointed President and CEO of Lowe’s, effective July 2.
Marks & Spencer (M&S) announced that it has appointed retail veteran Stuart Machin to the newly created role of Managing Director of Food.
On February 20, Gap Inc. announced that Jeff Kirwan, President and CEO of the Gap brand, would leave the company.
On February 6, GameStop appointed Michael Mauler as CEO, effective immediately.
On February 5, Big Lots announced the appointment of Stephen M. Haffer as Senior Vice President, Chief Customer Officer.
Hudson’s Bay Company (HBC) announced the appointment of Helena Foulkes as its new CEO, effective February 19.
In retail, AI can help with personalization, customization and localization. AI can help retailers analyze large volumes of data to come up with product and service recommendations.
On August 21 after the market close, Macy’s announced the appointment of Hal Lawton as President, effective September 8. Lawton will be responsible for the Macy’s brand, including merchandising, marketing, stores, operations, technology, and consumer insights and analytics. Lawton was previously SVP of eBay North America. He will report to CEO Jeff Gennette.