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Saks to Acquire Neiman Marcus

The parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus, according to people familiar with the matter, creating a powerhouse in luxury retailing that seeks to hang onto wealthy shoppers — all with a little help from Amazon.com. Amazon and Salesforce will take minority stakes in the combined company, to…

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5 Ways CPG Brands Can Thrive Amid Volatility
July 10, 2024 at 4:56 pm

As we progress into the second half of 2024, uncertainty still looms. For consumer packaged goods (CPG) companies, unpredictable factors like ongoing geopolitical instability and a volatile economy make forecasting trends difficult. We’re likely to see the uncertainty continue, making it hard to achieve the level of visibility that aids companies in their planning. Fundamental…

Walmart+ is 50% Off Ahead of Prime Day Sale
July 9, 2024 at 9:02 pm

Walmart is seeking to acquire more members for its premium loyalty program, Walmart+, with a 50 percent off deal for a year. The half-off deal lasts through July 18. The timing of the offer strategically leads up to Amazon.com's Prime Day event, which is scheduled for July 16 and 17. Walmart+ subscribers gain early access to major…

What Retailers Should Look for in Their PSPs With the Rise of Quantum Computing
July 9, 2024 at 8:15 pm

Quantum computers are perceived by the public as sophisticated computers designed to solve complex problems more rapidly than conventional computers. It’s thought that these types of computers can only be found in a handful of IT companies outside of universities. However, variations have been developed in the last year to two years. There are now…

The Tech Merger Made in Retail Heaven: Where AI Meets IoT to Deliver Retailers Real-Time Insights Inside and Outside the Store
July 9, 2024 at 7:44 pm

The three use cases where the convergence of artificial intelligence and Internet of Things underpinned by event streaming is making a real difference to retailers and their customers are as follows. Enhancing Every Customer Journey Within the Store AIoT enables retailers to intelligently take advantage of in-store and customer data to offer highly customized shopping…

AI, Unified Commerce, and MACH: The Trifecta Driving E-Commerce in 2024
July 9, 2024 at 7:06 pm

The implementation of transformative artificial intelligence-enabled technology investments is shifting the paradigm for how e-commerce businesses operate. Experts estimate that two-thirds of service providers are already forming cross-functional initiatives to manage generative AI projects. By 2026, 75 percent will be using GenAI to create synthetic customer data, which will be generated by algorithms that mimic real-world…