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Walmart and Sam’s Club Announce Price Reductions on Thousands of Goods
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Citing National Security, Biden Limits AI Investments in China
President Biden has signed an executive order regulating U.S. companies’ investments in “countries of concern” in technologies that are “critical to national security,” including semiconductors and microelectronics, quantum information technologies…
News August 10
Alibaba Boosts Q2 Revenue 14%
For the first three-month period following its March 2023 corporate restructuring into six distinct businesses, Alibaba Group increased Q2 revenue 14% year-over-year to $32.3 billion. The ecommerce giant also saw…
News August 10
J.Crew Pulls in Retail Heavyweight to Lead Madewell
J.Crew Group has appointed former Intermix and Ann Taylor executive Adrienne Lazarus as President of Madewell, effective September 2023. Lazarus will report to J.Crew Group CEO Libby Wadle. Throughout her…
News August 10
Coach Owner Tapestry Aims to Create ‘Powerful Global Luxury House’ with $8.5B Acquisition of Versace, Michael Kors Brands
Tapestry, the parent company of brands including Coach, Kate Spade and Stuart Weitzman, will acquire global fashion luxury group Capri Holdings, owner of the Versace, Jimmy Choo and Michael Kors…
News August 10
As Mobile Sales Surge, Retailers Double Down on the App Experience
Insider Intelligence predicts that mobile commerce sales will account for 43.4% of total U.S. retail ecommerce sales — and 6.5% of all U.S. retail sales — in 2023. Although standard…
Features August 10
The Convergence of AI and Composable Architecture in Ecommerce
With the help of ChatGPT and Bard, the hype around generative AI has soared over the past few months, with experts shouting daily from the mountaintops about its potential to…
Executive Viewpoints August 10
John Lewis Partners with Google Cloud in 5-Year, $127 Million Deal
John Lewis Partnership, operator of the John Lewis and Waitrose brands, will migrate more of its technology to Google Cloud as it seeks to take advantage of advances in AI,…
News August 9
Target Begins Chainwide Expansion of Starbucks Drive-Up Option
Target has begun brewing up a chainwide rollout of one of its most requested services — allowing its Drive Up customers to add Starbucks items to BOPIS orders that are…
News August 9
Square Debuts Appointment Booking App to Help Service Providers Connect with Customers
Financial services and POS solution Square has launched a new consumer-facing app that lets customers search, discover and book appointments with beauty and personal care professionals. Called Square Go, the…
News August 9
