United Kingdom inflation soared to 4.0 per cent in December, marking the first increase in 10 months and complicating the timing of potential interest rate cuts by the Bank of England in the coming year. The Office for National Statistics revealed that the annual inflation, measured by the consumer prices index, rose from the previous … Read more
Looks like it’s time to make the check-out process frictionless and easier. As retailers such as Wegmans, Walmart and Costco are rethinking self-checkout, new research commissioned by Avery Dennison showed “an inflection point in consumers’ shopping behavior,” with 37 percent of respondents polled in the U.S. and the U.K. saying “they would switch to a … Read more
In a significant move to address concerns over the soaring prices of baby formula, major UK supermarkets, including Asda and Tesco, have joined Sainsbury’s and Iceland in announcing price reductions on Aptamil infant formula. The decision comes in the wake of an ongoing investigation by the Competition and Markets Authority (CMA) into formula products, citing … Read more
This week, the National Retail Federation’s “Big Show” is gathering tens of thousands of retailers and brands across various channels and categories at the Jacob Javits Center in New York to network, learn and hear from industry leaders. The real buzz was on the NRF Expo Hall floor, where several thousand tech companies, solution providers … Read more
To build upon Rokt’s Shopify app (Rokt Ecommerce), the company has inked a deal to acquire AfterSell, which is a Shopify and Shopify Plus partner that helps retailers and brands to upsell and cross-sell products. Terms of the acquisition were not disclosed. Rokt said in a statement that the deal will strengthen its SMB offering … Read more
LAS VEGAS, Jan. 12, 2024 /PRNewswire/ — Jackery, a global leader of innovative portable power and green outdoor energy solutions, proudly introduces the groundbreaking Jackery Solar Generator Mars Bot, an intelligent solar charging and storage robot that redefines off-grid power access. Recognized for its innovation, the Solar Generator Mars Bot has clinched the prestigious CES … Read more
Even for a massive tech conglomerate, Samsung is having a crazed month between CES 2024 and preparations to unveil its new AI-packed Galaxy smartphones next week. But those teams have nothing on the retail division, which hit NRF with its own announcements and partnerships on Friday, including a recent collaboration with Khloé Kardashian’s Good American. … Read more
The retail industry might yearn for consistency and the ability to efficiently churn out new looks for customers at fat margins — but so little ever stays the same. Style trends are a moving target. Shoppers migrate from stores to e-commerce and back. Supply chains are always on the move. And the weather has now … Read more
DIAMOND BAR, Calif., Jan. 12, 2024 /PRNewswire/ — CES is where the tech industry rings in the new year. Each January, just about every corner of the industry shows up with announcements and previews that set the stage for the year to come. Monday’s CES press conferences, Allpowers brought their new ‘R’ series Power Station R1500 (1800W |1152Wh, R4000 (4000W … Read more
Microsoft, maker of the world’s most used PC software, wants its AI to similarly dominate the retail world. On Thursday, the Windows maker revealed a new set of artificial intelligence offerings aimed at enhancing the shopping experience, both behind the scenes and for customers, with generative AI. Copilot, billed as “your everyday AI companion,” is … Read more
