It’s a challenging operating and macro environment for retailers. And perhaps no one knows that better than the real estate firm Simon, which owns and invests primarily in shopping, dining, entertainment and mixed-use destinations. “There is inability for retailers to eat the tariffs entirely, so...
Walmart has launched several new artificial intelligence (AI) tools designed to help customers with their holiday shopping. The tools are now available on the retailer’s app and website, according to a Friday (Oct. 31) press release. The Walmart app now includes an In-Store Savings feature...
Consumers will soon be able to pick up single-dose vials of the weight loss drug Zepbound at Walmart pharmacies and pay the same price they would pay through the manufacturer’s direct-to-consumer online platform, LillyDirect. The offering is made available through a collaboration between medicine company...
Amazon reportedly plans to start cutting as many as 30,000 corporate jobs Tuesday (Oct. 28) as part of an effort to reduce the amount of bureaucracy and the number of managers at the company. The cuts will target the company’s human resources; operations, devices and...
American importers of Chinese goods have reportedly begun orders earlier this year. The reason? Fears of steep bills related to U.S. tariffs, Reuters reported Monday (Oct. 27). Before talks between China and the U.S. curtailed the threat of 100% tariffs on Chinese imports starting Nov....
Macy’s is reportedly embracing automation amid its ongoing turnaround plan. As The Wall Street Journal (WSJ) reported Thursday (Oct. 23), this includes the opening of its biggest, and “most-automated” warehouse ever, a $640 million, 2.5 million-square-foot building in North Carolina where robots pick items for online orders and...
Retail is no longer a tale of shelves and sales. It’s a story of systems. The industry has evolved from an art of merchandising into a science of experience design and data orchestration. This evolution is being driven not only by changing customer expectations, but...
Amazon said on October 22 in a press release that it is equipping its delivery drivers with AI-powered smart glasses to accelerate last-mile logistics, part of a broader operational overhaul that also includes enhanced delivery networks and seller-facing intelligence tools. The glasses combine computer-vision overlays...
The long-assumed digital divide between boomers and Gen Z is all but gone. What remains, according to PYMNTS Intelligence’s report “How People Pay: Payment Choice Depends on Shopping Channel,” is a subtler kind of divide. It’s one rooted not in who shops online, but in how...