Balancing supply and demand to optimize thrift store inventory management
Balancing Supply and Demand to Optimize Thrift Store Inventory Management Managing a successful thrift store involves a complex interplay between supply and demand, especially in a sector characterized by unique, donated items. With over 25,000 resale shops in the U.S.,…
3 tips for hiring high-quality retail associates
Hiring high-quality retail associates is crucial in today’s competitive market. With retail employees acting as brand ambassadors, finding the right candidates can significantly impact customer experience and overall business success. Here are three practical tips from Sibyl McCarley, Senior Vice…
How the Olympic AI agenda will shape the future after Paris 2024?
The Paris 2024 Olympic Games are on the cusp of being a significant milestone for artificial intelligence (AI) in global sports. This event is set to serve as a testing ground for an Olympic AI agenda that could revolutionize athletics…
Chinese firms stockpile HBM chips amid US export restrictions
Chinese semiconductor companies are in a rush to stockpile High Bandwidth Memory (HBM) chips. This urgency stems from newly imposed U.S. export restrictions which limit the availability of advanced HBM3E chips. Consequently, many firms are reverting to older models, specifically…
78% of Indian consumers prefer human customer service support when shopping online: EY report
As the retail landscape transforms, businesses must adapt to the shift in consumer expectations. According to Angshuman Bhattacharya, Partner and National Leader – Consumer Product and Retail Sector at EY Parthenon, today’s consumers are increasingly discerning, seeking not only value…
Customs reforms, overseas warehouses, sops key to push ecomm exports: GTRI
India’s e-commerce exports represent a critical opportunity for economic growth, yet without urgent reforms, the country may struggle to meet its ambitious target of $350 billion by 2030. Currently, India’s e-commerce exports stand at just $5 billion annually, a figure…
Zalando confirms full-year guidance
Online fashion platform Zalando has reported a promising increase in its revenue, which rose by 3.4% in the second quarter compared to the previous year, amounting to 2.6 billion euros. This positive momentum in performance leads the company to reaffirm…
Google found guilty of antitrust violations
On August 6, 2024, Google was found guilty of antitrust violations, marking a significant moment in the ongoing scrutiny of major tech firms. This ruling comes as no surprise, given the company’s overwhelming dominance in the online search market, where…
TikTok challenges DOJ’s secret evidence request
In a ground-breaking legal maneuver, TikTok has taken a stand against the U.S. Department of Justice (DOJ) regarding requests for secret evidence in an ongoing legal challenge. This situation underscores a pivotal issue in the intersection of technology and legal…
Alipay+ expands to 90 million merchants in 2024 summer campaign
Alipay+ is making significant strides in the global payment landscape with its recent expansion to 90 million merchants as part of its 2024 summer campaign. This ambitious push follows a remarkable 27% increase in transactions during the UEFA EURO 2024…
