As Walmart becomes a lifeline, online sales surged 74%

  • “Online sales in the U.S. jumped 74% for its fiscal first quarter that ended April 30, which captured the brunt of the pandemic’s outbreak. Same-store sales rose 10% at U.S. Walmart stores on strong sales of food, health and wellness goods.
  • Ken Perkins, president of research firm Retail Metrics, said he expects earnings will be down 36.6% for the 103 retailers he tracks compared to the year-ago period.”

https://www.google.com/amp/s/abcnews.go.com/amp/Business/wireStory/walmart-lifeline-online-sales-surged-74-70761025

As retail evolves, 5G and edge computing keep you in the express lane

    “According to research published by McKinsey ahead of the 2019 holiday season, 62% of shoppers planned to make their purchases online and in-store.
    Flashy new online and AR/VR shopping schemes may grab headlines. But by 2023, ecommerce is expected to account for just 21% of total retail sales, and a mere 5% of grocery sales. Although we’re all eagerly anticipating same-day drone-based delivery services, it’s clear that the experience of purchasing our favorite goods in-person isn’t going away.”

https://www.google.com/amp/s/venturebeat.com/2020/01/31/as-retail-evolves-5g-and-edge-computing-keep-you-in-the-express-lane/amp/

Image Credit: Getty Images

Starbucks Will Have One AI-Enabled Coffee Machine in Every Store by 2022

  • “As reported by Yahoo Finance, Starbucks COO Rosalind Brewer told analysts this week that the company plans to put 4,000 new AI-enabled coffee machines in stores by the end of 2020.
  • Deploying the Mastrena II will allow Starbucks to both collect a wealth of data and act on it. For example, sensors in the machine can track what it’s making (i.e. what Starbucks is selling) and also provide real-time information on what parts of the “hardware” need maintenance.”

https://www.google.com/amp/s/www.myrecipes.com/news/starbucks-robot-coffee-machines%3famp=true

What Retail AI Looks Like in Western Europe – eMarketer

  • “According to July 2019 data from P&S Intelligence, the global market for retail-related AI is expected to be worth nearly $4.34 billion by 2024, posting a compound annual growth rate (CAGR) of 35.4% between now and then.
  • Two-thirds of retailers in France considered the use of AI indispensable for ecommerce, and a further 18.5% said it was very useful, per Octopeek.
  • Farfetch…has partnered with visual AI startup Syte on a “See it, Snap it, Shop it” feature. It allows customers to upload a photo or online image; the app will then display the item, or something very similar, on one or more retail sites.”

https://www.emarketer.com/content/what-retail-ai-looks-like-in-western-europe

NRF 2020: Retailers Gather at the Big Show to Consider Their Next Steps

“Retailers are deploying artificial intelligence both online and in-store to help analyze data, deliver unique customer experiences (both onsite and online) and manage their back-end operations. PetSmart will discuss how it is deploying AI to manage its IT operations, and Amazon Pay will discuss the role of voice-based AI technologies in reshaping customer interactions.”

https://www.google.com/amp/s/biztechmagazine.com/article/2020/01/nrf-2020-retailers-gather-big-show-consider-their-next-steps%3famp


NRF Big Show 2020

https://nrfbigshow.nrf.com