Nonstore sales rose at more than twice the rate of in-store sales in September, according to U.S. Department of Commerce data released this week. That’s in line with year-to-date data and bodes well for online retailers’ prospects during the upcoming…
Listen to the article 10 min This audio is auto-generated. Please let us know if you have feedback. This story was first published in our Operations Weekly newsletter. Sign up here. Around this time last year, retail inventories reached their…
A new report from the University of Alberta (U of A) released this week found 33 per cent of storefront locations in the core were empty. Restaurants, cafes, fast food, and other hospitality businesses make up the largest share of…
Getty Images REI Co-op is laying off hundreds of store employees as the retailer implements updates to its store operations system. In a note to all employees on Thursday, which was shared with FN, REI’s VP of stores Mary-Farrell Tarbox…
This article has been reviewed according to Science X’s editorial process and policies. Editors have highlighted the following attributes while ensuring the content’s credibility: fact-checked trusted source proofread Ok! Credit: Unsplash/CC0 Public Domain × close Credit: Unsplash/CC0 Public Domain British consumers…
The transformative potential of emerging AI-powered applications—including much-discussed generative AI and computer vision capabilities—offers particularly fertile ground for developer teams in the retail industry to build out differentiating capabilities and experiences. From precision dynamic pricing…
Sign up to our 10 Things You Need to Know Today newsletter A free daily digest of the biggest news stories of the day – and the best features from our website Thank you for signing up to TheWeek. You…
A second Prime Day event comes the second week of October with Amazon’s Prime Big Deal Days, but Amazon won’t be alone with holding a major sales event. Multiple retailers have announced that they will be introducing their own deals…
Soaring food prices, growing profit margins and record-high profits in the food industry have severely impacted the lives of many Canadians. According to Industry Minister François-Philippe Champagne, Canada’s largest grocery chains recently agreed to work with the federal government to…
In his 15 years working at the Daystar Life Center thrift store, Marty Vandersommen’s touch has been transformational. “When Marty first started, the thrift store was a mess,” said Daystar executive director AnnMarie Briercheck. “It looked like a flea marketables…