Marketplace optimization platform Teikametrics has debuted an artificial intelligence (AI) system dubbed Artificial Retail Intelligence (ARI). This new system is designed to increase merchant success on Walmart, Amazon and TikTok as AI increases the volume of content and makes it harder to gain attention, the...
Amazon is reportedly in discussions to invest around $10 billion in OpenAI. That investment could value the artificial intelligence startup at upwards of $500 billion, Reuters reported late Tuesday (Dec. 16), citing a source familiar with the matter. That source said the talks between the...
Livestream shopping is popular in China, but it hasn’t caught on in the United States. That could be changing, however, Bloomberg reported Tuesday (Dec. 16). TikTok parent ByteDance is trying to replicate the success it found with its Chinese platform Douyin in the U.S. Small...
Anthropologie, Chipotle and Starbucks have become the final lease signees at Walmart’s new Home Office, the 350-acre corporate campus in Bentonville, Arkansas, that offers amenities for the retailer’s associates, members of the local community and other visitors. Together, the new lease signees complete the campus’...
The traditional holiday shopping journey, a linear path of keyword searches, doom-scrolling and multi-step checkouts, is being dismantled in real-time. This season is seeing the rise of agentic commerce, where AI not only suggests products but also actively intermediates transactions. Retailers expect AI-assisted commerce to...
Target has opened a concept store that the retailer said is part of its “design-driven future.” The new Target SoHo officially opened Tuesday (Dec. 9) in New York City, the company said in a press release. Target SoHo features a “Curated By” area that displays...
Costco’s digital transformation continues, as the fiscal first quarter delivered double-digit growth in digital comparable sales and engagement with the app, and warehouse members are showing what management termed “consistency” in their spending even amid economic uncertainty. The company logged net sales growth of 7.2%...
When one thinks of retail competition, the battle between eCommerce and brick-and-mortar is typically what leaps to mind. Traditionally, Amazon has been the eCommerce landscape’s leading representative, and Walmart the flag bearer for traditional physical shopping. But 25-plus years into the 21st century, that framing...
The traditional consumer journey from initial home project idea to completed build is notoriously inefficient, opaque and cash intensive. Retailers and construction managers are now turning to artificial intelligence (AI) to create a streamlined, digitally native decision path that dictates where and how money is...