31 October 2023
31 October 2023
ASOS purchased the Topshop brand from Arcadia Group in 2021 for £265m.
The retailer is investing more than $9bn over a two-year period to modernise more than 1,400 US stores.
The renowned cosmetics chain is currently on sale by its Brazilian parent, Natura & Co.
IoT-integrated supply chains have the agility and flexibility to accommodate the demand for personalised and niche products.
Annual CPI inflation was 5.4% over the 12 months to the September 2023 quarter.
The retailer invested Ft1bn on the upgrades of each store.
The programme will initially start across ten US states, with plans to expand across the country
Footfall across all the retailer’s store formats surpassed 260 million over the quarter.
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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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