Retail Leader has an early Christmas gift for hard to please retailers who want to satisfy shoppers and improve operations. Hint: it involves artificial intelligence, pricing, promotions and profitability.
Sam's Club President and CEO John Furner has innovation on his mind and is building a warehouse club retailer for the next generation. Costco should be as concerned about Sam's as Amazon is about Walmart.
Retailers have embraced the gig economy by investing in technology, automating tasks and relying on crowdsourced labor. The result is a new labor dynamic and productivity imperative for retailers coping with increased wages.
Restaurant delivery isn’t new, but in the age of meal kit mania and grocerants, where all types of operators are vying for share of stomach, traditional retailers face an expanded market opportunity with new competitive dynamics.
The perfect demand forecast is the retail equivalent of Sasquatch or the Lochness Monster. The rumored existence of a perfect forecast, unlike those mythical creatures, will be confirmed in 2019 thanks to the advent of artificial intelligence.