Apple reportedly expects its new artificial intelligence (AI) services to boost demand for its iPhones. The company expects to ship at least at least 90 million iPhone 16 devices in the second half of this year, which is about a 10% increase over the 81...
With the high cost of maintaining a luxury brand, key players are making major decisions, changing the way they operate to navigate the current challenging economic climate. Luxury brand Burberry, for instance, is gearing up to cut hundreds of jobs amid ongoing financial challenges, per...
Alibaba Group is reportedly using generative artificial intelligence to strengthen its renewed efforts to expand overseas. The Chinese eCommerce firm is using generative AI for tasks like providing translations for sellers on its platform and negotiating refunds, Zhang Kaifu, head of AI development at Alibaba’s...
HSN is delving deeper into the creator economy. The shopping network is teaming with impact.com to launch HSNfluencer, a platform aimed at creators, according to a Tuesday (July 9) press release. “The technology allows HSN to streamline direct relationships with creators and influencers to build...
As social media platforms aim to grow their presence in retail, key players including Snapchat, Pinterest and TikTok are turning to omnichannel retail pop-ups. Most recently, British department store Selfridges announced a partnership with Snapchat, part of its Sportopia summer pop-up, on its augmented reality...
Around the world, computer vision checkout is growing, both in terms of its availability and its physical footprint, despite significant cost challenges to making the retail technology worth its while. German grocer Rewe recently announced Europe’s largest-yet computer-vision-powered checkout store, with its new roughly 13,000-square-foot...
Retail brands are using media partnerships in creative ways to drive engagement, reaching consumers at more parts of their day-to-day routines. Take, for instance, insect repellant brand Off. The company earlier this month announced a partnership with The Weather Channel to provide an “OFF!Cast Mosquito...
Discount retailers are closing shop as financially constrained consumers pull back their spending, with Big Lots the latest to take a hit. The discount chain is closing stores by the dozens. Per a recent filing with the Securities and Exchange Commission highlighted by the New...
Fast fashion retailer Shein plans to expand its offerings by selling supply chain technology worldwide, but reportedly faces concerns about potential cybersecurity risks and Chinese government involvement. With its close ties to China, Shein faces scrutiny from cybersecurity firms and national security experts who fear...
