Walmart reports earnings Thursday (Aug. 20), and it enters with a valuable retail advantage that looks both powerful and underused. It captures the weekly grocery trip, yet Amazon increasingly captures what shoppers buy beyond it. The new PYMNTS Intelligence report, “The Basket Breakaway: How Amazon Is...
Tesco has spent three decades learning what more than 24 million U.K. households buy through its Clubcard loyalty program. Now the grocer is testing what happens when artificial intelligence stops recommending groceries and starts building the basket itself. Tesco’s pilot is a meal-planning assistant, built...
IKEA plans to launch an online marketplace in the United Kingdom that will allow consumers to buy and sell pre-owned IKEA products, the company said in a Monday (Aug. 17) press release emailed to PYMNTS. Members of IKEA Family will be able to connect through the...
Walmart’s investors are counting on the company’s ad business to drive profits as same-store sales growth has cooled and the company’s stock has fallen on a cautious annual outlook, Reuters reported Tuesday (Aug. 18). Walmart Connect has helped Walmart maintain margins and offset the cost...
America’s biggest retailers are about to turn a weak government sales report into a six-company test of consumer endurance. U.S. retail and food service sales fell 0.6% in July, the first monthly decline since October and the largest in 14 months. The drop surprised economists...
Amazon’s latest Alexa demonstration looked almost trivial: photograph a refrigerator, ask what groceries are missing, and let artificial intelligence assemble the shopping list. But for Walmart, it represents a considerably bigger strategic problem. Amazon is trying to move competition in grocery away from the place...
For two decades, retail discovery has rewarded whatever already sold. A product with more buyers gets more visibility, more visibility brings more buyers, and the cycle repeats. Popular items get more popular while everything else stays buried. Shopify’s most recent quarter suggests artificial intelligence search...
Every morning, they start showing up to shop. By the time the East Coast is at work, the crowd is in the tens of millions. They come with an occasion. A wedding in September on the Cape. A baby shower gift for a friend’s daughter....
Target has appointed its first chief artificial intelligence officer, the company said in a Tuesday (Aug. 11) article. Chandhu Nair will join the company on Aug. 24 and will bring greater focus and coordination to AI across the company, according to the article. Nair was...