This is the third report in a short series looking at the application of artificial intelligence (AI) in retail. In this report, we explore what startups are doing with AI in the context of our proprietary CORE framework, which stands for Communication, Optimization of pricing, Rationalization of inventory and Experiential retail.
This week’s note “From the Desk of Deborah Weinswig” discusses how blockchain technology could democratize operations and promote cooperation in retail.
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.
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
Legacy UK Retailers Tesco and Marks & Spencer Think Radically to Expand Margins and Revive Revenue Growth
In a press release on January 29, Tesco confirmed plans to close fresh-food counters in around 90 stores, with 700 further stores retaining a “full or flexible” counter offer. It will also simplify stock management at store level, close store canteens and make job cuts at its head office. The company estimates that up to 9,000 roles could be impacted but it expects up to half of these people could be redeployed.
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
JD.com’s drone delivery is the first time a Chinese drone has been used for delivery in Southeast Asia, and is also the first time the Indonesian government has granted permission to use a drone for logistics purpose.
The Coresight Research team attended TechLIFEStyle conference, part of StartmeupHK, held in Hong Kong January 22, 2019. StartmeupHK is an initiative launched by InvestHK to promote Hong Kong as a startup destination, connecting entrepreneurs and investors. The theme of the event was “living smarter, living better,” looking at how lifestyle technology can be woven into everyday life. These are some highlights of the event.
The retail industry has undergone a significant transformation over the past decade, and continues to evolve quickly. In 2019, the market will be defined by emerging technologies that change the way consumers interact with brands, by new engagement formats and channels, as retailers look to collaboration more with startups to future-proof their businesses.
Coresight Research Founder and CEO Deborah Weinswig discussed AI in retail with experts from Guess, JD and Markable in a panel discussion called The Intelligence Revolution is Here. Weinswig discussed the massive opportunity in AI in a range of areas from communicating with customers, to optimizing prices and products, to managing inventory and delivering experiential retail.
AMD is currently giving Intel serious competition in the microprocessor wars, and announced several new processors — for desktops, servers, mobile and graphics — and AMD says this increased computing power will be needed to solve society’s challenges in education, healthcare, climate change and energy.
The Coresight Research team is in Las Vegas this week for CES 2019 (formerly, the Consumer Electronics Show). This year’s event features over 4,400 exhibiting companies, including standout startups alongside established companies.