Showing 1,141 posts

New Retail Becoming a Reality (CES)

• 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.

Read More

The Future of AI in Retail

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.

Read More

Artifical Intelligence in CPG and Why It’s Important

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.

Read More

Retail Revolution – Disrupt or Be Disrupted (XSPECS)

Retail Traffic Is Down
• Retail traffic has continued to struggle, although it has been
showing slight improvement
• According to RetailNext, retail store traffic in July declined by
just 5.5%, its smallest drop since January 2016
• The conversion rate, which represents how many shoppers
became buyers, rose by 0.5% in both June and July, the highest
rate increase in almost a year

Read More

Background on Amazon and Retail

US Retail Bankruptcies Are at Post-recession Peak
• Year to date, 14 retailers have filed for bankruptcy
• That is more than the number of filings over the entire year
in 2016
• Retail bankruptcies are on track to reach their highest level
since 2009, when 18 retailers filed for bankruptcy
• And there are likely more to come

Read More