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Resale is thriving in the pandemic

August 10th, 2020 at 11:19 am » Comments Off

Since the pandemic began, the fashion industry has taken a hit. Retail giants have filed for bankruptcy, independent brands have closed, and brick-and-mortar stores, if they haven’t shut their doors, are still financially recovering from the months they were forced to stay closed during the lockdown. One of the few areas that has seen growth […]

Meet the teenage ‘beauty boys’ coming for the cosmetics industry

August 2nd, 2020 at 12:17 pm » Comments Off

Gen-Z boys online are chipping away at the taboo against men wearing makeup – with or without the makeup industry’s help In March of 2019, 17-year-old Elliot Ceretti walked into his local convenience store with a couple of friends. He had been re-watching the 10th season of RuPaul’s Drag Race, and one of the show’s […]

Touchless transit payments increased 187% since April: Visa

July 29th, 2020 at 12:06 pm » Comments Off

  Visa released new data on Thursday that found contactless transactions for transit fares increased 187% through the end of June, up from an all-time global low in April. The company now works with more than 500 cities globally to implement or expand contactless payment solutions. To further engage in this trend, Visa announced a […]

Japanese robot to clock in at a convenience store in test of retail automation

July 27th, 2020 at 10:07 am » Comments Off

TOKYO (Reuters) – In August, a robot vaguely resembling a kangaroo will begin stacking sandwiches, drinks and ready meals on shelves at a Japanese convenience store in a test its maker, Telexistence, hopes will help trigger a wave of retail automation. Following that trial, store operator FamilyMart says it plans to use robot workers at […]

DoorDash inks deal with Walgreens to provide over-the-counter medicine and snack deliveries

July 26th, 2020 at 1:54 pm » Comments Off

Walgreens signed a similar deal with Postmates in April DoorDash announced that it’s introducing on-demand delivery services from Walgreens to provide “everyday essentials” to your doorstep. Customers in Atlanta, Chicago, and Denver can now order over 2,300 items from the pharmacy chain, including over-the-counter medication, groceries, snacks, and beauty products. DoorDash and Walgreens did not […]

Amazon is rolling out grocery carts that let shoppers skip checkout lines, bag their groceries and walk out

July 23rd, 2020 at 12:47 pm » Comments Off

Amazon launching smart grocery carts that track shoppers’ items Amazon is launching smart shopping carts at its Woodland Hills, California, grocery store in 2020. Dash Carts are embedded with cameras, sensors and a smart display that automatically track a shopper’s order. Similar to Amazon’s cashierless Go stores, Dash Carts allow shoppers to avoid checkout lines […]

Resale market expected to be valued at $64 billion in 5 years, as used clothing takes over closets

July 8th, 2020 at 3:11 pm » Comments Off

A ThredUp warehouse. KEY POINTS The secondhand apparel market is valued at about $28 billion today and is forecast to reach $64 billion within the five years, according to a new report by ThredUp and GlobalData Retail. “Resale is here to stay,” said ThredUp co-founder and CEO James Reinhart. “The next question is who wins […]

The pandemic is doing to credit cards what iTunes did to CDs

July 7th, 2020 at 11:31 am » Comments Off

Mastercard’s head of digital solutions says the pandemic has forced many consumers to reconsider how they think about paying for things, and thinks many of those changes will last. Mastercard’s head of digital solutions explains how the pandemic has upended the way we buy. How many times have you used your credit card since the […]

Nuro partners with CVS Pharmacy to deliver medicines using its autonomous vehicle

July 1st, 2020 at 11:56 am » Comments Off

Nuro is partnering with CVS Pharmacy to deliver medicines using its autonomous vehicle.  Starting this month, the “first-of-its-kind partnership” brings Nuro into the health space as the startup utilizes its fleet of autonomous vehicles to deliver prescriptions and essentials across three zip codes in Houston, Texas. Pharma is the third industry sector in which Nuro […]

How an Exodus from cities will reshape retail

June 22nd, 2020 at 11:17 am » Comments Off

The work-from-anywhere revolution will accelerate the coming of a post-digital age for shopping, argues Doug Stephens of Retail Prophet. Throughout history, cities have played a central role in the evolution of retail. From the grand bazaars of ancient times to the opulent department stores of the 1800s to the venture-backed start-ups of the 2000s, cities […]

The rich have stopped spending and that has tanked the economy

June 22nd, 2020 at 11:06 am » Comments Off

A worker paints over a Louis Vuitton storefront, boarded up after the coronavirus outbreak, on March 30 in San Francisco. The wealthiest American households are keeping a tight grip on their purse strings even as their lower-income counterparts are spending a lot more freely when they emerge from weeks of lockdown. That decline in spending […]

Facebook’s new AI tool will automatically identify items you put up for sale

June 5th, 2020 at 11:41 am » Comments Off

‘We want to make anything and everything on the platform shoppable’ Facebook is launching what it’s calling a “universal product recognition model” that uses artificial intelligence to identify consumer goods, from furniture to fast fashion to fast cars. It’s the first step toward a future where the products in every image on its site can […]

The Coming Era of AI enhanced Super Humans