Hudson's Bay Co., a historic Canadian department store company, is grappling with serious financial troubles and has ultimately filed for bankruptcy protection. The iconic retailer, founded in 1670, has been a fixture in North American commerce for centuries but now faces an urgent liquidity crisis
Costco has built a reputation as a leader in the wholesale retail industry, famed for its extraordinary customer loyalty. With a groundbreaking membership renewal rate, the company stands as a paragon of how to keep customers coming back. This article delves into the strategies and practices that
In this interview, we speak with Zainab Hussain, an e-commerce strategist with a deep understanding of customer engagement and operations management. Today, we delve into Target's ambitious strategic plan aimed at achieving $15 billion in growth by 2030, its various initiatives to enhance product
In 2022, U.S. businesses faced an unprecedented 19.6% surge in logistics costs, with carrying costs accounting for more than half of this increase. If you’re using basic inventory tracking, it might serve you well for now. However, as your business expands, you will need a more sophisticated system
Machine learning (ML) and artificial intelligence (AI) are rapidly transforming the retail sector, driving major improvements in the way retailers operate and interact with customers. This article explores the myriad ways in which these technologies are making significant impacts on the industry.
Fabletics, a well-known activewear brand, is embarking on a major digital transformation to enhance its inventory management and support its projected growth. The company is implementing Blue Yonder's supply chain planning solutions, which leverage algorithms and insights from sales, marketing, and
