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Category: Retail Types


FMCG products, Retail Types

5 Takeaways on Putting Generative AI To Work in Food Retail

January 24, 2024

Via: RIS News

The FMI Midwinter Executive Conference keynote session “Putting Generative AI to Work for Food Retail” brought industry leaders together to discuss the transformative impact of artificial intelligence (AI) in the grocery retail industry. Sponsored by Invafresh, Doug Baker, vice president, […]


Retail Types, Stores

Walmart to close Store No. 8: WSJ

January 22, 2024

Via: Retail Dive

Walmart announced the launch of Store No. 8 in 2017. The unit was created to help the company compete with Amazon. The unit focused on health and wellness; sustainability and the circular economy; social commerce and the creator economy; the […]


Retail Types, Stores

5 ways to make your new store opening more efficient

January 16, 2024

Via: Retail Dive

It’s an encouraging time when a brand is thriving and is able to open additional locations. In the first six months of 2023, U.S. retailers announced plans to open about 3,420 new stores, according to The Daily on Retail. While […]


Retail Types, Stores

How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

January 10, 2024

Via: Retail TouchPoints

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. What does this mean exactly? According to the Corporate Finance Institute, “Inventory shrinkage occurs when the number of products in stock are fewer than […]


E-commerce, Retail Types

AI Robotics will Drive the Future of Ecommerce

January 5, 2024

Via: Retail TouchPoints

Supply chains have always been critically important. When retailers invest correctly, logistics presents the opportunity for not only hard cost savings but long-term value creation as organizations find innovative ways to deliver products into the hands of consumers. Logistics operations […]


E-commerce, Retail Types

Sneaker and Sportswear Ecommerce: the ‘Non-Luxury’ Luxury Apparel Leader 

December 29, 2023

Via: Retail TouchPoints

The humble sneaker has long been a staple item in closets everywhere for consumers of all ages. The consistent appeal of sneakers and sportswear has grown in recent times with customers, particularly from the Gen Z demographic, continuing to favor […]


E-commerce, Retail Types

Are retailers ready for peak returns season?

December 19, 2023

Via: Retail Dive

Despite tight budgets and wariness about the economy, U.S. consumers have come through for retailers in 2023, and that has continued into the all-important fourth quarter. Even with some holiday promotions moving into October, Black Friday and Cyber Monday helped […]


Retail Types, Stores

6 Trends Driving Store Design Innovation in 2024

December 13, 2023

Via: Retail TouchPoints

After years of lockdowns and digital-driven behaviors, consumers’ actions have shown how crucial the store experience is to how they shop and interact with brands. So it’s no surprise that 47% of executives believe that store design and experience have […]


Retail Types, Stores

Uniqlo plans more than 20 new stores in North America in 2024

December 12, 2023

Via: Retail Dive

Uniqlo made headlines in 2023 by creating the year’s hottest handbag, according to Lyst, which ranks brand buzz. Its half-moon mini shoulder bag, which retails for about $20, repeatedly sold out after going viral with more than 119 million views […]


Retail Types, Stores

NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink

December 6, 2023

Via: Retail TouchPoints

The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by […]


Retail Types, Stores

Best Buy increases reliance on distribution centers for customer delivery

December 6, 2023

Via: Retail Dive

Best Buy continues to adjust its brick-and-mortar operations in the age of omnichannel shopping, aiming to strike the best balance of in-store service and e-commerce fulfillment capabilities. Its revenue fell 7.8% in Q3 amid weak demand for electronics. Although the […]


E-commerce, Retail Types

Consumers state high intent to buy more online in 2024: survey

December 5, 2023

Via: Retail Dive

The Bank of America survey respondents signal their intention to continue spending more online next year following a rise in e-commerce spending this year. In July, FTI Consulting released a report predicting that American consumers will drive online retail sales […]


Retail Types, Stores

How Retailers can Combat the Rising Threat of Theft

November 20, 2023

Via: Retail TouchPoints

Retail theft is on the rise, and many businesses are grappling with the financial fallout. In recent months, The Home Depot, Foot Locker, Target and other retail giants have suggested that shoplifting is cutting significantly into their respective profits. Dick’s […]


E-commerce, Retail Types

Consumers Just Keep Spending Online: Here’s How to Keep it Going this Holiday Season and into 2024

November 13, 2023

Via: Retail TouchPoints

August’s overall retail sales in the U.S. showed continuing resilience, with actual growth of 0.6% after economists polled by Reuters had predicted just 0.2% growth. However, the overall data masks some key data points that may be of concern to […]


FMCG products, Retail Types

What Retailers Can Learn from Grocers About Sustainability

November 3, 2023

Via: Retail TouchPoints

Retailers can no longer ignore consumers’ demand for improved sustainability initiatives. From consumer lawsuits to national news headlines calling out failed efforts and empty promises, retail leaders are feeling the pressure to reduce the $2 billion in waste they generate […]


E-commerce, Retail Types

Are Stores Set Up To Handle a Wave of Online Returns?

November 2, 2023

Via: RetailWire

With many retailers no longer offering free online returns, in-store returns promise to see an uptick. Are stores ready? A study led by researchers at the University of Portsmouth supported by the ECR Community Shrinkage and On-Shelf Availability Group concluded […]


Retail Types, Stores

Walmart Supercharges Store and Supply Chain Upgrades Ahead of Holiday Season

November 1, 2023

Via: RIS News

Walmart shoppers can expect to see some big changes to their stores over the coming years. This Friday, November 3, Walmart is set to celebrate its ‘Second Best Day’ with reopenings on the cards for 117 stores across 30 states […]


FMCG products, Retail Types

Price Chopper Expands Food Waste Reduction Efforts

October 31, 2023

Via: Retail TouchPoints

Price Chopper/Market 32 has expanded its partnership with fresh grocery platform Invafresh, which already helps the 131-store supermarket chain prevent 20 tons of food from being wasted each week. By integrating in-store production data with the solution provider’s Fresh Retail […]


Retail Types, Stores

Retailers and Prosecutors are Walking Together to Fight Retail Crime

October 25, 2023

Via: RIS News

National Store Walk Month, an initiative conceived by the Retail Industry Leaders Association (RILA) and the National District Attorneys Association (NDAA), launched in September with the goal of forging an unprecedented partnership between local prosecutors and community retailers. Throughout September, […]


FMCG products, Retail Types

Will $100 Be the Sweet Spot for Free Amazon Fresh Deliveries?

October 12, 2023

Via: RetailWire

In February, Amazon hiked the minimum purchase Amazon Prime members have to make for free grocery deliveries from $35 to $150. Last week, the threshold was lowered to $100. Amazon said in a press release, “We’re always looking for ways […]