Retailers are discovering that in a world of tariffs, supply chain uncertainty and cautious consumers, more choice can come with a surprisingly high price. Companies are shrinking their product assortments to reduce the cost and complexity of importing, transporting and storing merchandise, The Wall Street...
The next retail battleground may be the few seconds between receiving a suspicious notification and clicking it. Amazon on Wednesday (Sept. 2) introduced a feature in Alexa for Shopping that lets U.S. customers ask whether a message, email, phone call or text actually came from...
Amazon announced Wednesday (Sept. 2) that it is giving consumers a new way to fight back against one of scammers’ most effective weapons, impersonation. The company is adding a feature to Alexa for Shopping that can verify whether an email, text, phone call or other...
IKEA is reducing prices on 1,500-plus products in Europe amid ongoing cost-of-living pressures. The Swedish furniture retailer announced Tuesday (Sept. 1) that it was investing nearly $1.4 billion to mark down prices by 15% to 25%. “The investment is not an activity or short-term campaign—it’s...
Watch more: Need to Know With Rundoo’s Nick Hershey Independent supply stores like to do things their own way, which gives them competitive strength. However, one of the things they’re doing could be getting them into trouble in the artificial intelligence era. Rundoo Co-Founder and...
Off-price clothing retailer Burlington is the latest company using tariff refunds to reduce prices. “It feels like the right thing to do for our customers,” CEO Michael O’Sullivan said on the company’s earnings call last week. “Over the last few years, many households, especially moderate- to lower-income families, have struggled with...
Retailers and consumer goods companies have begun lowering prices thanks to tariff refunds. Walmart, Tractor Supply and e.l.f. Beauty are among the companies going this route, the Wall Street Journal (WSJ) reported Monday (Aug. 31), noting that these price cuts are designed to juice sales...
Retail, since the category’s inception, has embraced the maxim that population density equals sales destiny. That calculus has largely held steady in the age of eCommerce and shifting customer expectations, too. After all, the economics of last-mile delivery improve when more customers can be packed...
After 21 years, Amazon is shutting down its crowdsourced work platform Mechanical Turk. “We regularly evaluate our programs, tools and services and make adjustments based on those assessments,” the tech giant wrote Tuesday (Aug. 25) in a notice posted to the Mechanical Turk (MTurk) website. “Following an assessment, we’ve...