Amid the turmoil at OpenAI, several other tech giants have made attempts to hire away the artificial intelligence (AI) firm’s employees. Microsoft, Salesforce, NVIDIA and Meta’s Fundamental AI Research (FAIR) are among the companies that have reached out to the employees, Cointelegraph reported Tuesday (Nov....
As customers embrace value, Best Buy is emphasizing promotions and in-store experiences, aiming to create compelling reasons for them to make it to the checkout counter. “We are excited about the promotions and deals we have planned for all customers and budgets, including special promotions...
Athletes who shop through multiple channels are driving sales growth at Dick’s Sporting Goods. “Omnichannel athletes make up the majority of our sales, and they spend more and shop with us more frequently than single-channel athletes,” Dick’s Sporting Goods President and CEO Lauren Hobart said...
As temperatures stayed warm in September and October, Kohl’s discovered that it had a surplus of its cold weather inventory beyond what was initially expected. In response to the downturn in sales, the retailer is focusing on beauty and gifting categories as a reliable source...
Ubiquity is what we all want in a rewards program. Ubiquity allows consumers to redeem rewards for the value — the goods and services — they prefer, as their “convertibility” carries across various use cases. We may all be familiar with the statement credits, with...
Payhawk, a global spend management platform, launched a solution that enables businesses to automate their procure-to-pay process. The company’s new Purchase Orders system aims to streamline procurement operations and address the inefficiencies that have plagued the process in the past, Payhawk said in a Tuesday...
The addition of artificial intelligence (AI) is proving to be a holiday miracle for brands, retailers and even payment providers, reshaping the way they connect with consumers. Particularly during the holiday season, in a highly competitive environment where consumers are cautious with their spending and...
The average holiday shopper anticipates spending roughly $860 this year on non-gift holiday purchases such as live entertainment or retail products for personal use — compared to $1,160 in 2022. Meanwhile, spending on gifts will rise modestly and average about $1,000. Personal finance considerations significantly...
During the early 2000s, True Religion earned praise for its distinctive designs, top-notch craftsmanship, and inventive denim strategies. However, its ascent was matched by a swift decline, culminating in its bankruptcy in 2017. “After a careful review, we are taking an important step to reduce...
