Retail
The integration of virtual and augmented reality, the rise of digital fashion, and brands building their metaverse cities—this page covers the trends and news that will influence the future of retail.
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https://hypebeast.com/2024/2/afterpay-panel-rise-of-drop-culture-with-fashion-insiders
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Hypebeast
Among the buzz of New York Fashion Week, Afterpay will host a panel at Hypebeast's 41 Division St. location on February 13th. Keeping the Afterpay Dropshop momentum in full swing, the conversation will bring together fashion tastemakers and insiders to discuss the rise of drop culture, how it has impacted the industry as a whole, and how it is even becoming more prominent in spaces beyond fashion and sneakers — extending into new, unexpected categories.
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https://www.bisnow.com/san-francisco/news/retail/ormer-walgreens-head-of-real-estate-aims-to-grow-lrg-investors-by-keeping-up-with-shifting-consumer-behavior-patterns-123855
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Bisnow
Joe Brady joins LRG Investors as partner. Walgreens' former head of real estate Joe Brady has joined Bay Area-based LRG Investors as a partner. . In his new position at LRG, Brady is charged with expanding the firm's portfolio and leading its national growth strategy. "We've been around the industry for decades and what we can do really well is help brands accelerate their growth and help them optimize their portfolios," Brady told Bisnow in an interview.
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https://techspective.net/2024/04/04/charting-the-course-of-innovation-navigating-the-digital-seas-with-big-data-analytics/
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Techspective
True competitiveness demands steering your business towards the horizon of innovation, navigating through the ever-shifting currents of consumer behavior and technological breakthroughs. Amidst this voyage, a beacon shines brightly on the path forward: the treasure trove of big data analytics....
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https://chainstoreage.com/e-commerce-challenges-benefitted-large-retailers-during-2023-holiday-season
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Chainstoreage
Nearly two-thirds (64%) of consumers surveyed chose to purchase holiday items from Amazon due to the availability of items. New data identifies three challenges that impacted shoppers during the 2023 holiday season.Out-of-stock items, lack of sales and deals and slow shipping speeds impacted...
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https://www.benzinga.com/pressreleases/24/04/n38507268/nexe-innovations-announces-quarterly-q3-2024-financial-results-for-the-three-month-period-ended-fe
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Benzinga
WINDSOR, ON, April 29, 2024 /CNW/ - NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") NEXE NX NEXNF, a leader in innovative compostable materials solutions, announces its financial results for the three-month period ended February 29, 2024 ("Q3 2024"). NEXE has a strong focus on...
FUTURE TIMELINE
COUNTRY FORECASTS
209298
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https://technode.com/2024/02/22/douyin-joins-low-price-competition-against-e-commerce-peers/
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Technode
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205646
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https://bnnbreaking.com/tech/revolutionizing-retail-the-rise-of-self-service-checkouts
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Bnnbreaking
In an era marked by rapid technological advancements and shifts in consumer behavior, the retail industry stands on the cusp of a transformative phase. At the heart of this transformation is the resurgence of self-service checkouts, a trend that traces its origins to 1948 when Lipton's Grocery...
FUTURE TIMELINE
COUNTRY FORECASTS
239994
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https://365retail.co.uk/pricer-unveils-new-connected-store-solutions-at-the-retail-technology-show/
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365retail
Based on Electronic Shelf Labels (ESLs), Pricer digitally awakens the shelf-edge in real-time to improve store operations - from on shelf availability to dynamic pricing and retail media capabilities - as well as empowering retailers' omnichannel offerings, including store within a store, efficient picking of store-fulfilled ecommerce orders and advanced replenishment.
FUTURE TIMELINE
COUNTRY FORECASTS
227857
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https://www.lexology.com/library/detail.aspx?g=a642f4af-e783-49bd-976e-636e76b63fea
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Lexology
On February 29, 2024, McCarthy Tétrault proudly hosted our 14 Annual National Retail and Consumer Markets Summit. Each year, this gathering is carefully curated with our clients' needs in mind, canvassing a selection of the latest and most significant developments in the evolving landscape of the retail and consumer markets ("RCM") industry.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://techcrunch.com/2024/04/16/consumer-tech-investing-maven-ventures-60m-fund-iv/
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Techcrunch
When prolific venture capital firms Andreessen Horowitz and Lerer Hippeau announced in early 2024 they were pivoting away from consumer tech, it sparked a social media debate about whether there are still opportunities. Maven Ventures' Jim Scheinman and Sara Deshpande say "yes." And to prove it, they raised $60 million in capital commitments for a fourth fund to back "massive consumer tech trends." They say "massive" because this is the firm that seeded companies like videoconferencing giant Zoom and autonomous vehicle maker Cruise.
FUTURE TIMELINE
COUNTRY FORECASTS
220327
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https://www.androidpolice.com/oura-ring-is-now-on-amazon/
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Androidpolice
Summary
Oura Rings are now available on Amazon for a starting price of $299, with free shipping for Prime members. Sizing kits are sold separately on the site.
A monthly membership of $5.99 is required for full health metrics access after the initial hardware purchase.
Meanwhile, Samsung's...
Oura Rings are now available on Amazon for a starting price of $299, with free shipping for Prime members. Sizing kits are sold separately on the site.
A monthly membership of $5.99 is required for full health metrics access after the initial hardware purchase.
Meanwhile, Samsung's...
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https://kevin.lexblog.com/2024/01/17/ai-and-the-legal-profession-debunking-skepticism-and-embracing-technological-advancements/
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Kevin
Actively discussing and advocating for the value of AI, online, I've encountered considerable skepticism, particularly from legal professionals.
Like technology before it, AI initially faces skepticism but it's on a path towards eventual widespread acceptance.
Look at the technology that was...
Like technology before it, AI initially faces skepticism but it's on a path towards eventual widespread acceptance.
Look at the technology that was...
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https://phys.org/news/2024-03-party-affiliation-affects-consumer-sentiment.html
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Phys
Consumer sentiment generally refers to consumers' attitudes and expectations about economic conditions. A new analysis published in Economic Inquiry indicates that U.S. party affiliation has a significant effect on consumer sentiment, and that sentiment, in turn, affects spending...
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https://www.law360.com/insurance/articles/1812130
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Law360
By Kellie Mejdrich (March 11, 2024, 11:59 AM EDT) -- The U.Department of Labor transmitted its retirement security proposal that would broaden the definition of who qualifies as a fiduciary under the Employee Retirement Income Security Act to a White House office for final review over the weekend....
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https://www.fxstreet.com/news/silver-price-forecast-xag-usd-falls-amid-us-consumer-sentiment-boost-high-us-yields-202401191730
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Fxstreet
Share:
Silver holds ground at $22.50, resilient amid losses, finding strong support at this key level.
US Consumer Sentiment boost lifts US Treasury yields, affecting XAG/USD dynamics.
Mixed economic signals: Wall Street gains, but US Existing Home Sales hit 13-year low; improved...
Silver holds ground at $22.50, resilient amid losses, finding strong support at this key level.
US Consumer Sentiment boost lifts US Treasury yields, affecting XAG/USD dynamics.
Mixed economic signals: Wall Street gains, but US Existing Home Sales hit 13-year low; improved...
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https://www.martechcube.com/brevo-unveils-commerce-suite-for-retail-and-e-commerce-customers/
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Martechcube
a leading provider of Customer Relationship Management (CRM) solutions, announced the launch of Brevo Commerce Suite, a new solution that provides retailers and e-commerce companies with a 360-degree view of their customer data, empowering them to easily retain and engage customers with personalized, multi-channel communications.
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https://hospitalitytech.com/news-briefs/2024-04-30?article=information-overload-causing-frequent-basket-abandonment-travel-purchases-accenture-research
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Hospitalitytech
The research, based on a survey of 19,000 consumers across 12 countries highlights the issue of 'information overload', with 73% of consumers feeling inundated by too much choice and 75% saying they are bombarded by advertising, resulting in 74% abandoning purchases in the last three months of...
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https://www.koreaherald.com/view.php?ud=20240410050125
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Koreaherald
Chinese e-commerce platforms, including the big three AliExpress, Temu and Shein, saw their Korean sales more than double over the past six months, while their Korean rivals suffered lukewarm sales performance during the same period, according to payment transaction data released...
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https://www.techradar.com/pro/security/chinese-ecommerce-giant-pandabuy-hit-by-cyberattack-data-breach
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Techradar
The authenticity of the data was confirmed, and platform users urged to reset their passwords, immediately. Earlier this week, a hacker with the alias "Sanggiero" announced on a dark web forum that they, together with popular leaker "IntelBroker", broke into PandaBuy by abusing multiple flaws in the API.
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https://www.scmp.com/business/article/3252108/philippines-penchant-online-shopping-lift-manilas-logistics-property-rents-5-year-knight-frank
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Scmp
International Property Learn more Rents for industrial space in Manila are likely to rise between 3 per cent and 5 per cent this year after jumping nearly 40 per cent last year, Knight Frank says Cities on Australia's eastern seaboard such as Sydney and Brisbane are likely to see rental increases of more than 5 per cent International Property Cheryl Arcibal.
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https://chainstoreage.com/bob-evans-personalizes-mobile-customer-engagement-ai
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Chainstoreage
Bob Evans is enhancing its loyalty efforts with AI. Bob Evans Restaurants LLC aims to create deeper customer connections, with some help from its customer app and artificial intelligence (AI) technology.The family-style restaurant chain is rolling out the Par Technology Punchh loyalty, offers and...
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https://bnnbreaking.com/tech/rewe-teams-up-with-israeli-ai-startup-catch-for-smart-shopping-revolution
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Bnnbreaking
German retail powerhouse REWE has embarked on a pioneering journey with Israeli AI innovator Catch, signing a deal to pilot the latter's cutting-edge multichannel platform. This collaboration, forged under the aegis of REWE digital's Research & Innovation hub, signifies a leap towards integrating...