As consumers gradually return to physical shopping post-pandemic, the retail landscape is witnessing a notable transformation. The resurgence in foot traffic to brick-and-mortar stores has prompted retailers to adopt advanced Point-of-Sale (POS) technology to meet escalating consumer expectations
Best Buy, renowned for its consumer electronics and technology products, has announced its latest venture to integrate generative AI technologies. Partnering with industry giants, Google Cloud and Accenture, the company aims to launch an AI-powered virtual assistant designed to revolutionize
In recent years, the automotive industry has been witnessing a transformative shift with the integration of robotics and automation, a trend that is significantly reshaping the landscape of automobile manufacturing and maintenance. Going back to the roots of industrial automation, we find the
The Global Convenience Store Management Software Market is poised for significant growth, with projections indicating an expansion from $1.7 billion in 2024 to $4 billion by 2032. This growth trajectory, marked by a compound annual growth rate (CAGR) of 10.1%, underscores the increasing adoption
In a surprising turn of events, the anticipated merger between luxury brands Capri Holdings and Tapestry was called off due to lingering concerns over regulatory approvals. The decision came after a federal judge issued an injunction in late October, reflecting the Federal Trade Commission’s (FTC) r
Despite the convenience and rise of digital shopping, a staggering 90% of consumers still prefer visiting physical stores when making purchases. This preference for in-store shopping presents traditional retailers with unique challenges, especially in the realm of data collection and analysis,
The UK retail landscape is undergoing a significant transformation as consumers increasingly turn to international e-commerce platforms. With approximately 33% of UK consumers now frequently shopping from overseas online retailers, domestic businesses are under growing pressure to adapt. This trend
The retail industry is undergoing a significant transformation driven by the integration of artificial intelligence. Retailers, both online and brick-and-mortar, are leveraging AI technologies to enhance customer experiences and streamline operations. As retailers accumulate vast amounts of data
The annual Singles’ Day shopping festival, celebrated on November 11, has long been a cornerstone of consumerism in China, boasting massive discounts and record-breaking sales that entice millions of shoppers. Initiated by Alibaba in 2009, the event, also known as "Double 11," has seen p
In the first half of 2024, an alarming 4.6% of all attempted digital transactions involving consumers in Kenya were flagged as suspected digital fraud, positioning the country as tenth among 19 regions globally analyzed by TransUnion. The TransUnion ## 2024 Update to the State of Omnichannel Fraud
