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Returns in the U.S. create more than 5 billion pounds of waste in landfills each year, and more than 15 million metric tons of carbon dioxide. - From CNBC
Forever 21 has been practically synonymous with “fast fashion” and its massive stores have become a common fixture in America’s shopping malls. Now closing stores. - From CNBC
Almost 1,700 USA stores inside malls closed in 2018, according to Bank of America, and so far this year, closings have reached more than 4,000. This is the future of malls. - CBS This Morning
WIRED's Emily Dreyfuss talks with architecture professor Ellen Dunham-Jones about mall culture and the fate of dead malls. Hint, zombies and loneliness epidemic.
What's in store for retailers this holiday season? Unwrapping top 10 holiday shopping trends, how much consumers plan to spend, where they'll shop, & latest digital trends. - From Deloitte USA
For Alibaba, 24 hours of experience filled shopping, $38.4 Billion in gross revenue, a new record in the 11th edition of 11.11 Singles Day.
Brain Corp has deployed 3,000 industrial floor cleaners. Bossa Nova has deployed 350 inventory robots in Walmart, and Simbe expecting to deploy 500 systems over the next year. - From ABI Research
For decades, Toys "R" Us was a retail overall leader. Then they filed for bankruptcy in 2017 & liquidated six months later. How did Toys "R" Us go bankrupt? - From Wall Street Journal
Sobeys is pilot-testing a high-tech shopping cart that allows shoppers to skip the checkout line, but it is not intended to replace cashiers. From CityNews Toronto.
Would you accept skin care recommendations from Siri or Skynet? Maybe not, but you might have been served A.I.-picked recommendations, thanks to Sephora.
From augmented reality-powered mirrors to robot couriers, Alibaba's Intime shopping mall brings shopping innovations to Chinese consumers in time for Single's Day 11.11.
Coresight Research projects a positive USA Retail Holiday Season. Holiday shopping becoming less important to retailers.
At heart of Ikea's success is value. In fact, price is so important to Ikea's strategy that company first decides on price of a piece of furniture & then reverse engineers construction. - CNBC Make It
Malls as we know them are going out of style - but that doesn't mean they're dying. Instead, they're using AI, curated experiences, and more to evolve and fit into the world of tomorrow.
Synchrony’s latest consumer research tracks adoption and interest in new and emerging retail technology. Results for Personalization, Augmented Reality, Bio-Authentication and Simplification.
New research from a survey of 4,300 Chinese consumers suggests a path forward for brands and marketers seeking the next wave of growth. - From McKinsey & Company
With Facial Recognition, Smart Shelf signals, Personalized Promotions, Package & Bio-metric scanning, in-store & shopping experience as a whole is revolutionized for customers as well as retailers.
More than 90% of members who try Scan & Go use it again on their next trip, and regular use is up 40% this year. That’s because it makes shopping easier and members like that. - From Sam's Club
Will Amazon conquer the world? From banking to data, food delivery to healthcare, the FT's Lex looks at which sectors should fear the tech giant the most. From Financial Times
Latest technology and what it means for the 60 million people who work in the garment industry. - From Wall Street Journal
Page 9 of 17
“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
Deloitte Global Retail Outlook 2024
After a prolonged period of suppressed consumer spending, macroeconomic and geopolitical uncertainty, and rapid changes in consumer behavior (among other things), the global retail industry stands at a crossroads; forced to make decisions about long term investments in new technology and business models while at the same time managing the rising cost of doing business and a decline in the spending power of consumers. - From Deloitte Insights Read more
The World's Top Flight Routes by Revenue
In 2024, a record 4.7 billion people are projected to travel by air—200 million more than in 2019. While revenues surged to an estimated $896 billion globally last year, airlines face extremely slim margins. On average, they made just $5.44 in net profit per passenger in 2023. Today, the industry faces pressures from high interest rates, supply chain woes, and steep infrastructure costs. - From Visual Capitalist
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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