US retail sales are expected to reach $7.334 trillion this year, a 3.3% year-over-year growth. Despite the increase, analysts believe that the rate of growth will slow down significantly compared to previous years. This week we dive into the latest …
The furniture and mattress industry has faced unprecedented challenges over the past year, but in March 2023, there were signs of improvement. The furniture industry saw an impressive 11% increase in conversion rates, while the mattress industry experienced a similar …
From historically digital stores going physical, to physical stores going digital, it has become increasingly hard to predict where the industry is headed. After 7 years, Amazon is officially closing all of its book stores, switching its focus to its …
While some trends come and go, there were a few trends that have stayed with consumers throughout the year. This week we look at how new technologies have the potential to have unique use-cases for retail stores. THIS WEEK’S HIGHLIGHTS …
Tools like ChatGPT have put the capabilities of AI at the fingertips of everyone — and people all over the world are now recognizing that these tools can do incredible things. It can answer questions, write poetry, create texts in …
While AI was once a far-fetched idea, companies such as Dal-e have proven the power of AI through their text-to-image generator. But how far is AI from becoming a valuable asset for the retail industry? This week we diverge into the future …