Top 25 Retail Website / Global Retail Influencer
RH is now ambitiously trying to turn it into a global luxury brand providing an array of services. -from CNBC
Amidst all the pressures that 2020 brought, there was creativity and innovation taking place across the retail industry, which we thought deserved to be celebrated.
In the midst of the pandemic, Williams-Sonoma has stood out as a company, its stock price reaching a new all-time high in January 2021, despite many businesses declining. -from CNBC
Here’s a glimpse at what the world of luxury has been doing online to usher in the Chinese New Year of the Ox. - From Alibaba Group
In 2019, payment card fraud losses reached nearly $28 billion worldwide. The United States alone is responsible for more than a third of the total global loss making America the most card fraud-prone.
Walmart, America’s largest grocer, launched a primary care clinic called Walmart Health, in September 2019. -from CNBC
The West needs livestreaming sooner rather than later, especially for struggling sectors such as apparel.
Here are the predictions on how the world of retail will continue to change over the course of 2021 as the pandemic and other factors continue to influence our habits. -from Business News
Livestreaming has gone mainstream in Alibaba’s digital ecosystem. Livestreamers are now online 24/7 and come from all walks of life, from farmers and personal shoppers to celebrities.
Behind closed doors Amazon had been working on an ambitious plan to release almost instant delivery. The goal? Just 30 minutes, from the click of the ‘order now.’ -from Tech Vision
The company says at its height, it was fielding 60 requests for co branded vests, a day. The combination of hefty price tags and a professional-class of super fans earned it the nickname "Patagucci".
The astonishing feat of ferrying hundreds of millions of items. And the modern-day voodoo of deep-learning AI – all of which are made flesh in the most advanced stockrooms the world has ever seen.
Using an advanced AI system, temperature controls, nine miles of conveyor belt, and a fleet of delivery trucks, the company is able to cut out three steps in the normal grocery store supply chain.
Macy’s has long been identified with the start of the holiday shopping season. But the company was hurting even before the coronavirus crisis hit the retail industry. -from WSJ
The biggest shopping festival in the world, this year running 11 days ending November 11. $74.1 billion in gross revenue for Alibaba. -from TDInsights Live
Double 11 or what used to be called Singles Day was an 11 day festival this year reaching sales of $75.1 billion. Here are the 9 winners of Alibaba’s Go Global 11.11 Pitch Fest. -from TDInsights Live
Walmart's potential deal with TikTok may not only change the retail giant, it could reshape how Americans shop online. -from WSJ
There will be five such stores as part of a trial run, and by next year the government plans to authorize around 800, and then about 4-thousand by 2025. -from ARIRANG NEWS
The coolest thing about these stores is the Amazon Dash Cart, which enables customers to skip the checkout line. -from Yellow Productions
Leading retailers are leveraging AI to reduce shrinkage, improve forecasting, automate warehouse logistics, and more. -from NVIDIA
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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.
World Happiness Report 2024
The top 10 countries have remained much the same since before COVID. Finland is still top, with Denmark now very close, and all five Nordic countries in the top 10. But in the next 10, there is more change, with the transition countries of Eastern Europe rising in happiness (especially Czechia, Lithuania and Slovenia). Partly for this reason the United States and Germany have fallen to 23 and 24 in the rankings. - A partnership of Gallup, the Oxford Wellbeing Research Centre, the UN Sustainable Development Solutions Network, and the WHR’s Editorial Board. Read more
ChatGPT Statistics - Users, Revenue (March 2024)
ChatGPT has over 180.5 million monthly users as of March 2024. Nearly 15% of the ChatGPT users are from the United States. More than 92% of Fortune 500 companies are using ChatGPT. atGPT is forecasted to generate a revenue of $1 billion in 2024. 53% of the readers failed to identify ChatGPT written content as AI-written. – From Demandsage.com
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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