Accenture, a global professional services company, recently announced its strategic acquisition of Logic, a retail technology services firm. This move aims to enhance Accenture's capabilities in delivering technology-driven transformations for retail clients on a global scale. This acquisition
Organized retail crime (ORC) has emerged as a persistent and growing threat to the retail industry, causing financial losses and eroding consumer trust on an unprecedented scale. The severity of this issue compels retailers to seek comprehensive solutions that go beyond traditional security
On July 10, 2024, Bassett Furniture Industries uncovered a significant unauthorized breach within its information technology (IT) systems, initiating swift and robust responses to contain the threat. Bassett immediately shut down affected systems, activated their incident response plan, and began a
On July 19, 2024, an unprecedented outage of Microsoft’s Azure cloud service wreaked havoc across various critical sectors, causing notable disruptions in retail, banking, and media both in New Zealand and worldwide. The incident left many businesses scrambling to maintain operations and numerous c
The alarming increase in violence and abuse against retail workers has reached a critical point, demanding immediate and decisive action. Recent reports highlight how incidents have surged from nearly 870 cases per day to approximately 1,300. Such statistics underscore the urgent need for new
In the face of upcoming refrigerant regulations under the AIM Act Part III, convenience store (c-store) operators and refrigeration maintenance managers must prepare proactively. The anticipated changes have significant implications for compliance, operational efficiency, and financial planning.
The recent liquidity crisis sparked by delayed payments from Singapore-based e-commerce platform Qoo10 to its affiliates, TMON and WeMakePrice, has caused a seismic disruption in South Korea's retail and travel sectors. This crisis has not only undermined consumer confidence but has also led
China has made remarkable strides in the growth of its service consumption, a trend that is significantly contributing to its economic development. By implementing a range of targeted measures and policies, the Chinese government is meeting the evolving needs of its population and fostering a
Retail crime has become a significant concern in California, with increasing occurrences impacting businesses and communities statewide. In response, various political figures have proposed initiatives designed to curb these crimes. The core of this issue is the growing divide among Democratic
Recent data released by the Commerce Department’s Census Bureau has shown that June 2024 saw a moderate increase in U.S. business inventories, which ticked up by 0.3% after a 0.5% rise in May. This increment aligns with economists' expectations and is predominantly attributed to a notable u
