Artificial intelligence (AI) is entering the retail mainstream. Domino’s uses it to set pizza delivery times. Sephora’s ColorIQ scans shoppers’ skin to provide custom recommendations for foundation and concealer. Walmart’s Intelligent Retail Lab is experimenting with a number of artificial intelligence tools. And the most recent case in point:...
Following the closure of its retail locations due to the pandemic, Tuesday Morning Corp. is reportedly gearing up to file for bankruptcy. The Texas-based company was founded in 1974 and has approximately 700 retail locations throughout the country, The Wall Street Journal reported. Get the Full Story...
To help pay back borrowings under its existing $1.5 billion credit facility, Macy’s Inc. unveiled the offering of $1.1 billion in senior secured notes set to mature in 2025. The department store retailer said the notes would be secured by a selection of real estate...
The pandemic was unprecedented when it showed up in February and March; the phases of its aftermath will also be without a reference point. While it’s clear that the digital shift will stick in the retail ecosystem, other elements of the landscape are harder to...
Hertz Global Holdings filed Chapter 11 bankruptcy late Friday (May 22) as the coronavirus pandemic continues to dry up travel and tourism and all but shut down the car-rental business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
If you want to know whether stimulus checks are working to rebuild the economy, just ask the world’s largest retailer. Walmart U.S. CEO John Furner, who oversees more than 4,700 stores, says the answer is yes. Get the Full Story Complete the form to unlock this...
The reopening of retail is bound to portend changes for businesses as well as consumers. The National Retail Federation (NRF) and other groups have released guidelines for store operation and design today (May 22) as members begin to come back from the economic devastation of...
Former Stitch Fix COO Julie Bornstein is behind a new startup announced earlier this week called The Yes. Launched with ex-Google technical guru Amit Aggarwal, the women’s fashion site is billed with no less an ambition than “a next gen shopping experience poised to redefine the architecture...
The data painted a dark picture for Main Street retail this week, with a new Facebook & Small Business Roundtable study showing that over 30 percent of small to medium-sized businesses have either failed or don’t see a way forward due to the pandemic. While...
