Simbe, a leading provider of retail automation solutions, recently announced a substantial achievement in securing $50 million in Series C equity financing. This funding milestone was primarily driven by Growth Equity at Goldman Sachs Alternatives, with notable participation from Eclipse, Valo
The adoption of Artificial Intelligence (AI) in New Zealand's retail sector is currently lagging behind its counterparts in Singapore and Australia, raising concerns about the future competitiveness of the industry. Despite the proven advantages of AI in efficiency and customer experience, New
The comparison between e-commerce and brick-and-mortar retail models has become increasingly significant as consumer behaviors evolve and technology continues to reshape the commercial landscape. This article delves into various aspects of each retail model, analyzing revenue potentials, cost
Retailers increasingly face a persistent issue known as "phantom inventory," where system records show items as available that are not actually in stock. This discrepancy can lead to lost sales, customer dissatisfaction, and a cascade of operational headaches. Enter RELEX Solutions' True Inventory,
Retail shrinkage is costing businesses billions of dollars each year, posing a dire threat to the bottom line of countless retailers across the globe. Encompassing a multitude of issues such as shoplifting, internal theft, administrative errors, and fraudulent activities, shrinkage creates a
Aesop has established itself as a luxury skin and body care brand known not only for its exceptional products but also for its commitment to the professional growth and development of its retail workforce. Founded in 1987 by Dennis Paphitis, Aesop has grown exponentially over the years, becoming
