When it comes to the Amazon-Walmart competition, grocery has become a key battleground. Why? It’s the closest thing U.S. retail has to a weekly subscription. Win the cart, and you earn repeat trips and durable customer habits. That’s why recent consumer-tracking data showing Walmart’s grocery...
The RealReal’s latest earnings message is less about a single quarter’s sales tally and more about how the luxury reseller thinks artificial intelligence can rewire the work behind every listing, from deciding which sellers to pursue to getting more items authenticated, described and priced fast...
About a hundred years ago, so the story goes, F. Scott Fitzgerald, chronicler of the Jazz Age, turned to Ernest Hemingway and remarked, “The rich are different from you and me.” To which fellow author Hemingway supposedly replied: “Yes. They have more money.” The story...
The value of the luxury resale space reportedly grew to $59 billion last year. That’s according to a report Tuesday (Feb. 24) by The Wall Street Journal (WSJ), which says the market for secondhand luxury goods is now growing faster than the primary market. The report describes...
Amazon will invest $12 billion in data center campuses in Louisiana that will support its artificial intelligence (AI) and cloud computing technologies, the company said in a Monday (Feb. 23) press release. The company will fully fund the infrastructure needed to power its operations. That...
Walmart has introduced a new data insights platform for its retail suppliers. Scintilla In-Store is an off-shoot of the company’s Scintilla platform, and is designed to “reduce out-of-stocks, streamline execution, and deliver a seamless omni-shopping experience,” Walmart Data Ventures announced in a news release Monday...
America’s packaged food giants are reportedly cutting prices to woo cautious consumers. General Mills, Kraft Heinz and PepsiCo are among the food companies who have either reduced prices or extended existing cuts amid cooling sales, the Financial Times (FT) reported Saturday (Feb. 21). The report...
Saks Global received court approval Friday (Feb. 20) for a $1 billion bankruptcy loan, Reuters reported Friday. The financing had been held up by vendors’ concerns that they may not get paid for goods they shipped to the luxury retailer before it declared bankruptcy, according...
Walk into a top-tier mall in a high-income suburb right now and you can still feel echoes of the holiday rush: full parking decks, busy food halls and steady lines at the “can’t-get-it-online” stores. Drive 20 minutes in the other direction and you may find...