In what marks a notable shift in spending behavior, a recent study has revealed that nearly 75% of baby boomers plan to utilize split-payment methods such as buy-now, pay-later (BNPL) options for their holiday purchases. This data suggests a growing trend among different generational groups,
In a move set to redefine the landscape of social commerce, TikTok is embarking on a new endeavor aimed at expanding its monetization capabilities. Collaborating with major retailers and affiliate networks, the video-sharing giant has introduced a comprehensive affiliate program that is poised to
The holiday shopping season has always been marked by the frenzy of Black Friday deals, with consumers eagerly awaiting the deep discounts traditionally offered by major retailers. However, this landscape is shifting significantly as major Chinese e-commerce platforms like Temu, Shein, and TikTok
Artificial Intelligence (AI) is transforming many industries, and the retail sector is no exception. In a groundbreaking move, Michael Kors has become the first retailer to deploy Mastercard's AI shopping assistant, The Shopping Muse, developed by Dynamic Yield. This next-generation retail
This Black Friday witnessed a monumental shift in shopping dynamics, driven by the transformative potential of AI technology, particularly generative AI chatbots. The online expenditure reached an unprecedented $10.8 billion, marking a notable 10.2% increase compared to 2022. The generative AI
Wakefern Food Corporation, the largest retailer-owned cooperative of supermarkets in the U.S., has embarked on a significant technological initiative to revolutionize inventory management. By adopting Simbe Robotics' Tally AI system, Wakefern aims to enhance inventory accuracy and improve the
As the holiday shopping season kicks into high gear, e-commerce platforms find themselves under increasing pressure to meet consumer demands while fending off a surge in cyber threats. Billions of dollars are at stake as consumers flock to online retailers during major shopping events like Black
As the anticipation for Black Friday shopping grows, Shoprite Group has strategically completed the upgrade of their point-of-sale (POS) systems just in time to meet the demand of this high-traffic shopping period. This upgrade was not only about keeping up with retail industry trends but also
The retail industry is currently experiencing a paradigm shift, heavily influenced by the power of customer feedback and the advent of artificial intelligence (AI) technologies. Retailers in today's competitive landscape are tasked with not only meeting but also exceeding consumer
The landscape of retail loyalty programs has undergone a significant transformation, evolving from simple punch cards and basic membership discounts to sophisticated, multi-tiered VIP experiences. This shift aligns with modern consumer behaviors and preferences, aiming to make customers feel
