Ikea, the Swedish furniture retail giant, is leading a significant transformation in its European warehouse operations by deploying 100 autonomous inventory drones. These drones, developed by the Swiss startup Verity, are meticulously designed for Ikea's extensive storage spaces, offering
E-retailers in the luxury sector once enjoyed a booming market, especially during the pandemic when online shopping spiked dramatically. However, as the world gradually returns to pre-pandemic norms, these platforms face numerous challenges that threaten their financial stability and market
In recent years, the luxury e-commerce sector has been experiencing challenging times. Major players such as Matchesfashion, Farfetch, Net-A-Porter, and MyTheresa, once leading the digital transformation in high-end fashion retail, are now facing numerous obstacles. This article delves into the
The back-to-school shopping season is kicking off earlier than usual this year. Retail giants such as Shein, Macy’s, Walmart, and Target are rolling out summer-long promotions to get ahead of anticipated logistical disruptions. This preemptive strategy comes in response to a series of global s
AI-powered data collection is revolutionizing physical retail, particularly in high-street stores. While digital tracking has become commonplace online, its infiltration into brick-and-mortar settings opens up new vistas and poses new challenges. The shift from online to offline tracking raises
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
