By Sapna Maheshwari The New York Times Mon., March 11, 2019 LAS VEGAS—The chief executive of Saks Fifth Avenue’s parent company said stores would eventually recognize customers as soon as they walked in. FedEx showcased a robot that it thinks could ultimately make same-day deliveries on its own. The mall operator Macerich described the movable … [Read more...] about Physical retail stores are moving toward more data collection
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In January, affiliate marketing company Awin released research showing that 39 per cent of Britons wouldn’t really mind if we lost all high street stores altogether, with over a third of respondents saying that they “almost never” shopped there anyway. News stories about high street stalwarts being in the doldrums have become a recurring theme, from struggling … [Read more...] about The high street can be saved if physical shops and online retailers collaborate and use data
Tesla opened a store on Amazon last week that sells branded merchandise like hats and diecast versions of Tesla vehicles. The move was a small gesture, but a smart one that illustrates the difference between Tesla’s retail philosophy and those of its competitors, Gene Munster, a managing partner at Loup Ventures, told Business Insider. … [Read more...] about Tesla’s Amazon store is another example of how the automaker is better at using online retail than its competitors, an expert says
For many of Britain's supermarkets, it's been a far from joyous new Year. With sales faltering and a string of store closures the axe has fallen again this week, with Tesco announcing as many 9,000 job cuts on Monday. High fixed costs and aggressive competition from budget chains like Lidl and online rivals is creating a perfect storm for grocery … [Read more...] about Can M&S be saved from the online retail onslaught?
Way back in March 2016, an Israeli stealth startup called Sirin Labs unveiled the premium privacy-focused Solarin smartphone. The catch? The device would cost a hefty $14,000 — somewhat outside the price range of the average consumer. Fast-forward nearly three years, and Solarin is no more. Sirin Labs actually announced a pivot back in March, 2017, revealing that it would … [Read more...] about Inside Sirin Labs’ first blockchain smartphone retail store