14 September 2023
14 September 2023
Management consultants Bain & Company predicts only a 3% US holiday sales growth, the slowest since 2018.
PwC recently planned to close 408 Wilko stores, which would result in more than 12,000 job cuts.
The service will initially only be available for designer handbags, with plans to expand it to jewellery and watches next year.
The retailer posted a gross profit of C$51.9m and a net loss was C$13.3m in the first six months.
The company saw positive sales growth both in-store and online, as well as in all geographical areas.
The company’s revenue for the period was driven by double-digit growth in the Zegna and Thom Browne segments.
This deal is expected to enhance JM Smucker's portfolio and aligns with its mission to offer convenient meal and snack solutions.
With its new platform for instant pan-like crispiness, the food giant seeks to capture consumer loyalty in the fast-paced world of retail snacking.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Initially, retailers used AI for basic tasks, including inventory management and demand forecasting. However, its usage has now become more prevalent in other aspects such as personalized marketing, customer service, pricing optimization, and supply chain management. With the rise of ecommerce and the increasing importance of data-driven decision-making, AI adoption in retail and apparel has accelerated. The industry now relies on AI to enhance the shopping experience, optimize business operations, and gain an overall competitive edge.
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