Hilco Consumer-Retail has finalized its acquisition of HanesBrands' Hanes Outlet and Maidenform stores as of July 27, marking a significant shift in the retail landscape for both companies. While the specifics of the deal, such as the financial terms and the exact number of stores involved, were
As Amazon gears up for the 2024 holiday shopping season, including the highly anticipated Black Friday, the e-commerce giant has announced significant changes to its logistics and fulfillment processes. These adjustments are aimed at enhancing the efficiency and effectiveness of inventory
Lightspeed Commerce Inc. has unveiled its latest technological innovation, Retail Insights, designed to enhance the capabilities of retailers worldwide. This new AI-powered tool aims to revolutionize inventory management and sales forecasting by providing data-driven insights that optimize
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
Max Retail, a platform specifically designed to assist independent retailers and brands in managing excess inventory, has successfully raised $15 million in a Series A funding round led by Nosara Capital, with additional participation from Rethink Impact, LA-based venture capital firm M13, The
Waitrose, a high-end UK supermarket, is piloting a new stock management technology aimed at boosting inventory availability and ultimately enhancing the customer experience. This initiative follows a period of challenges stemming from the implementation of a new ERP (Enterprise Resource Planning)
