Hot off the presses from Visual Capitalist (one of our favorites) – a great visualization of America’s Biggest Retailers.
NEW FEATURE ALERT!
At the bottom of this newsletter we have added a new word cloud of all of the top keywords in the news last week. Enjoy, and let us know if you find this interesting.
Last week’s most read and most interesting stories.
- Happy Birthday Google
- Tons of news in AI this week!
- The debate on retail theft continues
- Kroger / Albertsons winning in digital
- 2024 Retail Trends
- Costco made Yukon Cornelius and Goldmember very excited.
- and more!
PS. You can now have sponsored content as well as advertise on RetailWit! reach out for details! to [email protected]
Toy Fair Leaving New York After 100-Plus-Years Run
The annual extravaganza of fun and games is leaving the Big Apple and heading to the Big Easy in 2026, after being a fixture in New York since the turn of the century.
Retail theft isn’t actually increasing much, major industry study finds
Retail shrink, and theft’s role as a share of it, is largely in line with historical norms, even as companies
Kroger, Albertsons, Safeway excel in digital ordering: report
TOP TAKEAWAYS In 2023, the average number of shopping trips increased by 16%, while the average order value rose by
Costco Says Its 1-Ounce Gold Bars Are Real and Have Been Selling Out in Hours
Costco has introduced the sale of 1-ounce gold bars, according to the company’s CFO, Richard Galanti. These gold bars, sourced
Key retail trends for 2024 – and what you need to do about it NOW
Retail is arguably changing faster than ever before. Every market I visit is changing in many ways, and while each
OpenAI Adds Live Web Browsing and Audio Prompts to ChatGPT
This could be a big update for ChatGPT users, with maker OpenAI announcing that the generative AI platform is now
ChatGPT dominates commercial AI spending
See Jasper AI and AI Tools data for free Payments to 16 major consumer AI Tools grew 570% YoY in
Google celebrates 25 years
Thank you for 25 years of curiosity On Google’s birthday, we’re celebrating with a special Doodle and some surprises in
IYKYK: The top text scams of 2022
Texting is cheap and easy, and scammers are counting on the ding of an incoming text being hard to ignore.[1] In 2022, they were right to the tune of $330 million in losses to text scams, as reported to the FTC’s Consumer Sentinel Network, with a median reported loss of $1,000. That’s more than double the 2021 reported losses and nearly five times what people reported in 2019
FTC Suit Claims Amazon Illegally Maintains Monopoly Power
Editor’s Note: This article has been updated since it was published earlier today. A long-expected lawsuit has been filed by
‘Money Doesn’t Stink:’ The Sad State Of Affairs In Ad Tech
After 12 years of working in – or adjacent to – the ad tech industry, I am coming to terms
Lego Abandons One of Its Projects To Make Oil-Free Bricks -FT
Danish toymaker Lego has reportedly abandoned a prominent initiative to eliminate oil-based plastics from its bricks. This decision comes after
CVS Is Permanently Closing Hundreds of Stores for a Surprising Reason
As the pandemic’s impact on brick-and-mortar retail lingers, the U.S. drugstore landscape is undergoing significant changes. CVS, the largest drugstore
Amazon Invests $4 Billion in AI Company Anthropic
Amazon will invest up to $4 billion in Anthropic and gain a minority ownership position in the company, part of
Shopify Audiences Adds Criteo, Its First Open Web Ads Partner
Shopify Audiences debuted last year with only Google and Meta. In January, Pinterest was added to the mix. Now TikTok,
