18 August 2023
18 August 2023
Target's experience exposes challenges in addressing evolving consumer expectations and societal dynamics.
Continuous rainfall in July 2023 negatively impacted consumer enthusiasm and the number of people visiting retail areas.
The partnership will also see the launch of the Italian luxury brand’s online flagship store on the platform.
The new concept is part of the retailer’s strategy to enhance its position in the UK.
The deal would give Kroger-Albertsons substantial power to control nearly a quarter of the US food retail market.
Thanks to social media platforms like TikTok, live shopping is increasingly becoming a staple experience for consumers.
The app provides a 25% discount on the highest priced discount-eligible products in the shopping basket.
The retailer anticipates FY23 sales and comparable sales to decline between 2% and 5% compared to FY22.
Discover everything you need to know about your competitors and prospects to unlock every sales opportunity with intelligence trusted by Fortune 500 companies.
Generative AI can enhance engagement through customer service interfaces, protect retailers against fraud and cyberattacks, and improve purchasing journeys through personalized product recommendations and inspiration based on shopping and browsing patterns. When adopting generative AI, retailers must also ensure that consumers are provided with accurate and up to date information to ensure better purchasing decisions. The challenges faced by generative AI in retail and apparel theme are bias, hallucinations, privacy, misinformation, and copyright. Enterprises are concerned about data leakage as well.
Give your business an edge with our leading industry insights.
