Retailers Embrace Generative AI to Boost Efficiency and Customer Experience
In 2025, generative AI could revolutionize retail experiences as half of executives prioritize convenience through last-minute deliveries and inventory...
economic pressures
Ulta Struggles with Competition and Market Changes, Cuts Guidance Again
Ulta Beauty, a high-performing retailer in the beauty space, has faced challenges this year due to increased competition from...
US Consumer Tech Sales Expected to Decline in 2024: Circana Report
In a recent report, Circana predicts that despite a decline in consumer tech sales this year, the launch of...
Inflation Impact: One-third of Consumers Cut Spending in Q2, Report Reveals
In a recent Jungle Scouts' report, 84% of consumers admit inflation has impacted their spending habits. Despite this, outdoor...
UK Retail Sector Faces Stagnation Amid Cost Pressures and Consumer Behavior Shifts
As the cost of living crisis deepens, a new report reveals that the UK retail sector is struggling to...
Virgin Wines Reports Profit Increase Amid Economic Challenges
Virgin Wines reports a 197% increase in pre-tax profits to £5.1 million for the year ended July 2022, despite...
Black Friday Footfall Set to Drop as Online Shopping Gains Popularity
High street retailers may not see much relief this Black Friday as Springboard predicts a 3.7% drop in footfall...