Tesco, one of the world's largest retail chains, has taken a monumental step towards enhancing sustainability by introducing Digital Product Passports (DPPs) for its F&F clothing line. This pioneering move aims to provide comprehensive details about each garment, including its material composition,
The retail sector is undergoing a seismic shift, driven by the transformative capabilities of Internet of Things (IoT) technology. According to a report by Insight – Ace Analytic, the IoT retail market, valued at $57.8 billion in 2023, is anticipated to skyrocket to $464.9 billion by 2031, boasting
The supplement industry is rapidly growing. Estimated to be worth $177.5 billion at the end of 2023 and projected to grow at a rate of 9.1% between 2024 and 2030, this booming industry is yet to reach its ceiling. And its primary sales channel? eCommerce. With new brands, new health problems to
The retail industry is undergoing a significant transformation, driven by rapid advancements in artificial intelligence (AI) technology. From optimizing pricing strategies to enhancing the overall customer experience, AI is revolutionizing how retailers operate and interact with consumers. This
Colin Huang, the e-commerce magnate and founder of PDD Holdings, has recently ascended to the top position as China’s richest man, according to an analysis conducted by the Bloomberg Billionaires Index. With a net worth of $48.6 billion, Huang has surpassed previous titleholder Zhong Shanshan, head
In a rapidly evolving retail landscape, ASOS has strategically renewed its partnership with Microsoft, embarking on a three-year venture aimed at driving operational excellence, efficiency, and innovation. This collaboration underscores ASOS’s dedication to leveraging cutting-edge technology to
The digital transformation of the retail and e-commerce sectors has led to significant changes in how businesses engage with customers. One pivotal strategy that has emerged from this transformation is gamification. Far more than a fleeting trend, gamification has become a robust method for
Jacksons Food Stores, a key player in the convenience and fuel retailing industry, is leveraging technological advancements to revolutionize its customer loyalty programs. In collaboration with Bounteous x Accolite and PAR Retail, the company has launched a state-of-the-art digital experience and a
The Chosunilbo's recent editorial sheds light on the growing controversy surrounding harmful products on Chinese distribution platforms, advocating for bolstering Korea's domestic retail sector as an alternative. The editorial criticizes the impracticality of regulating the trend of direct overseas
The retail industry has been undergoing seismic changes, with longtime mall stalwarts struggling to stay afloat. Rue21's recent announcement that it will close all 540 stores following its third Chapter 11 bankruptcy filing has raised alarms about the viability of mall-based retail operations. But
