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Global annual spending on AI by retailers estimated to reach $7.3 billion by 2022 - Welcome.AI
McKinsey research establishes a common understanding of the forces at work in fashion and identifies where the top priorities, both business and creative, are for 2019.
No shopping without a smartphone? A view of shopping in the future from the just completed EuroCIS trade event in Germany this past week. Digital technology rules.
Scott Galloway, Professor at the NYU & Founder of L2, at NRF 2019 on the key to companies increasing revenue 20-30% over the next five year & doubling their stock price is the business model.
2019 will the year of Service-led retail, yesterday’s customer service rep transformed into an Intelligent Personal Shopping Assistant. 50% of total searchers using voice search in 2020. - Moni Media
China will overtake USA as the world’s biggest retail market in 2019. JD has announced plans to open 185 drone airports in Southwest China to use for deliveries. - Moni Group
From an Amazon robot distribution center to a Walmart robot floor scrubber, multiple examples on the robotic invasion coming to retail. Yes, Pepper makes another visit - BBC Click
Smart voice assistants are slowly but surely making their way into our homes and lives, and we expect a similar trend in the retail world.
From IDC EMEA, an analysis of European retail trends.
The Fujitsu's Store of the Future, with the Self-Checkout Gate making at appearance at NRF 2019.
The future of retail is “Boundaryless Retail” – the idea of enabling consumers to buy whatever they want, whenever and wherever they want it, online, offline, or even virtually. A JD.com future view.
Consumers expect to summon retail experiences as they would a genie from a lamp, call forth from a phone, personal assistant, smart speaker or even physical environment.
Nike's new NYC flagship store is fueled by its mobile app. The “House of Innovation” is the blueprint for its future retail locations.
Every surface, screen and scanner in their stores will create data – and enable employees to act up on it.
Over its 130-year history, Sears has sold watches, clothes, farm machinery, appliances and even houses.
A year ago, people were talking about the death of retail. But the reality? “We’re having a retail renaissance,” says Goldman Sachs.
Much like a self-driving car, the Auto-C Autonomous Cleaner uses assisted autonomy technology to clean and polish floors, freeing up associates to take care of other tasks.
From Klarna, by connecting digital billboards to stores alarm systems, shoplifters got unexpected real life push notifications. A different tech look on visual potential theft deterrence.
When it comes to grocery shopping, convenience and choice is key. Online purchasing in on the rise. Learn more about grocery shopper trends from FMI's U.S. Grocery Shopper Trends report.
An unmanned AI retail store provides visitors with a convenient shopping experience, while also helping the store owner operate their business more efficiently.
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“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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