Mike T

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How to achieve your goals the easy way (using the Kaizen approach)

In 2015, I set a New Year’s resolution to achieve the goal of waking up at 5 a.m. daily from January through to December.<p>During the first week of …

Self-improvement
eCommerce

Retailers Race Against Amazon to Automate Stores

SEATTLE — To see what it’s like inside stores where sensors and artificial intelligence have replaced cashiers, shoppers have to trek to Amazon Go, the internet retailer’s experimental convenience shop in downtown Seattle.<p>Soon, though, more technology-driven businesses like Amazon Go may be coming …

eCommerce

The future of retail is happening right now in China

If you need evidence of the US retail sector’s precarious condition, consider that more than 9,000 stores closed last year, and another 12,000 are on the chopping block this year, according to commercial property firm Cushman & Wakefield.<p>Despite a 4.2% rise in 2017 over the previous year, US retail …

eCommerce

3 Ways Brick-and-Mortar Retailers Can Take on Amazon

It's getting harder to bring customers into stores in the age of Amazon.com.<p><b>Amazon</b> (NASDAQ:AMZN) is an increasingly dominant force in retail. Not …

eCommerce

PayPal CEO: 'Checkout is like a vestigial organ of yesterday'

PayPal (PYPL) CEO Dan Schulman says mobile is going to “fundamentally redefine” the retail industry.<p>“Already, it’s starting to do that. It is …

eCommerce

Think Tank: Why Consumers Are Still Shopping in Stores

Allison Ames, president and chief executive officer at Beanstalk, asserts that the in-store experience matters.<p>There were a record number of store …

10 Principles for Leading Through Change: A Navy SEAL's Approach

Dealing with change can suck on any battlefield. Here are 10 principles for success.<p>It wasn't long after I left the SEAL Teams, attended graduate school and started my first company that I realized <i>change</i> is a consistent reality in today's more volatile and disruptive business landscape. It affects …

Leadership

Stores make push in scan-and-go tech, hope shoppers adopt it

NEW YORK — Shoppers at self-checkout lanes scanning all their groceries after they're done shopping? Old school. More stores are letting customer tally their choices with a phone app or store device as they roam the aisles.<p>For customers, scanning as they go can be faster and make it simpler to keep …

eCommerce

Why Scan-and-Go Technology Is Surging in More Grocery Stores

Supermarket chains are investing in new technologies to better compete with Jeff Bezos's e-commerce giant.<p>Shoppers at self-checkout lanes scanning all their groceries after they're done shopping? Old school. More stores are letting customer tally their choices with a phone app or store device as …

eCommerce

The key for retailers to win the war against Amazon is to embrace it

• <b>Fred Killingsworth, the CEO of brand agency Hinge, thinks retailers should stop fighting Amazon, and start embracing it.</b>• <b><br>He said that it is hard for even the biggest retailers to compete with Amazon in ecommerce spending.</b>• <b><br>Instead, he advocates for an approach that helps retailers leverage all the</b> …

eCommerce

Amazon Go: retail’s future and new personalization challenges

When Amazon opened its first cashier-free Amazon Go store last month, it changed the game for retailers. Through its non-traditional history—first …

eCommerce

Darkstore wants to be the ‘invisible retailer’

Darkstore, the on-demand fulfillment startup, recently partnered with T-Force Final Mile to expand to 33 additional markets across the nation. This brings Darkstore’s total list of markets to 40, which includes San Francisco, Los Angeles, Portland, Miami, Atlanta, Boston, Reno and Austin.<p>T-Force …

eCommerce

Walmart's App Now Supports In-Store Shopping

The chain's new Store Assistant may well be a game changer.<p>The line between shopping in a store and shopping online has been blurring over the past …

Alibaba Finally Hints at Financials Behind a Much-Hyped New Retail Strategy

Alibaba wants to make money on the 80% of shopping still done offline.<p><b>Alibaba Group Holding Ltd.</b> (NYSE:BABA) co-founder and executive chairman Jack …

Alibaba Finally Hints at Financials Behind a Much-Hyped New Retail Strategy

<b>Alibaba Group Holding Ltd.</b> (NYSE: BABA) co-founder and executive chairman Jack Ma first introduced the term "New Retail" in a letter to shareholders in late 2016. Just over a year later, the phrase was mentioned 40 times in the company's 2018 third-quarter earnings call.<p>Ma came up with the word …

Why Paid Memberships Are the New Loyalty

What if businesses could turn transient loyalty into something deeper and more engaging?<p>Spending on loyalty programmes is through the roof.<p>In 2016, …

Alibaba and Tencent wage $10 billion battle for retailers

(<i>Reuters</i>) — China’s tech giants Alibaba Group Holding and Tencent Holdings, worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers’ digital wallets.<p>Since the start of last year, the two companies have between them spent more than …

15 Mind-Blowing Stats About Digital Retail Trends

Customer experience is retail’s No. 1 priority for 2017, with a keen focus on personalizing and optimizing the mobile experience.<p>That’s the key …

Digital Future of Retail and CPG

Leaders will use digital to understand and connect with consumers.<p>The average consumer has global access to more than one billion products. The …

6 Digital Trends Shaping the Future of Retail for 2018

Digital transformation in retail is rapidly unfolding as companies tap new technologies to offer consumers the personalized, real-time digital …

CEOs

Digital transformation in retail: transforming for the new commerce reality

<b>If you need convincing that digital transformation is real it suffices to take a look at the evolutions in the – often bigger physical stores or</b> …

Retail

Why Scannable Shelf Tags Could Improve the Retail Experience After Beacons Failed

Once upon a time, beacons—Bluetooth-powered devices that can push messages to smartphones—offered brands an opportunity to connect with consumers in …

Advertising Industry

How Sephora is leveraging AR and AI to transform retail and help customers buy cosmetics

Beauty retailer Sephora followed customer technology trends to command the cosmetic industry worldwide. Here's an inside look at its successful …

Walmart’s Multibillion-Dollar Digital Bet Poses a Real Threat to Amazon

The new landscape of retail is increasingly looking like a two-way street—while Amazon is seeking a stronger presence in physical retail, …

Quarter of retailers say tech investment makes it harder to connect with consumers

Investing

Walmart revamps app to bolster the in-store experience

<i>This story was delivered to BI Intelligence "E-Commerce Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here.</i><p>Walmart has updated its app with new features meant to improve and facilitate in-store shopping, according to a company blog post. …

eCommerce

Fending Off The 'Retail Apocalypse' Through Digital Transformation

Despite the fact that the economy is strong and American consumers are shopping in full force, traditional brick-and-mortar retailers across the United States are continuing their nosedives into bankruptcy.<p>This so-called “retail apocalypse” began in 2016 when major retailers began shuttering their …

eCommerce