Technology & Innovation Are LLMs About To Hit A Wall? Each new generation of large language model consumes a staggering amount of resources. Meta, for instance, trained its new Llama 3 models with about 10 times more data and 100 times more compute than Llama 2. Amid a chip shortage, it used two 24,000 GPU clusters, with each chip running around the price of a […] Bigtechnology April 26, 2024April 26, 2024 5 min read Technology & InnovationAIData & InsightsAmazonDept. GroceryPredictions and ForecastsMeta (Facebook)PodcastsBigTechSustainabilityExecutivesResults & InvestmentGoogleMarketing: Social MediaGovernmentTikTokMarketing: BroadcastAssociatesStreamingCryptoChatGPTDept. FreshStrategyDept. NonfoodDept. PerimeterDept. Toys & GamesDept. Fuel 0 Saving Bookmark this article Bookmarked
Data & Insights The Estée Lauder Companies and Microsoft look to reimagine the beauty industry with generative AI tools The Estée Lauder Companies and Microsoft Corp. have announced the creation of an AI Innovation Lab as an expansion of their global strategic relationship. Leveraging generative AI capabilities in Microsoft’s Azure OpenAI Service, the companies will work together to develop solutions for ELC’s more than 20 prestige beauty brands with the aim of creating closer […] Retail Technology Innovation Hub April 26, 2024April 26, 2024 2 min read Technology & InnovationAIData & InsightsConsumersDept. HBCDept. NonfoodPartnershipsInternational - UKChatGPTExecutivesInclusivityMarketing: VoicePredictions and ForecastsShoppers 0 Saving Bookmark this article Bookmarked
Media & Marketing Rebag, Newegg Join Growing List of Retailers Launching Membership Programs Membership programs are quickly becoming 2024’s hottest accessory, whether you’re a luxury resale platform or an electronics ecommerce site. Online marketplaces Rebag and Newegg have joined the growing roster of retailers launching membership programs. This year alone, the list of retailers that have launched or beefed up their loyalty and membership programs includes Albertsons, Carter’s, PetSmart, Target, Sunglass […] Retail TouchPoints April 26, 2024April 26, 2024 2 min read RecommerceMarketing: Loyalty & SubscriptionShoppersPredictions and ForecastsReturnsRegional GroceryAlbertsons / SafewayPricing & PromotionsLowesCVSTargetMarketing: TradeMarketing: Social MediaOperations & Supply ChainDept. NonfoodDeliveryBrick and MortarMarketing: Direct & PersonalizationExecutivesResults & InvestmentDept. HBCDept. Consumer ElectronicsConsumers 0 Saving Bookmark this article Bookmarked
Technology & Innovation TelevisaUnivision to Debut Shoppable TV Experience at Latin American Music Awards Spanish-language media and content company TelevisaUnivision has partnered with Shopsense AI to make some of its programming, on both linear and streaming platforms, shoppable. Using onscreen QR codes and dedicated URLs, the Shopsense technology makes onscreen content shoppable via mobile devices by directing viewers to a show-specific digital store. The partnership will kick off […] Retail TouchPoints April 25, 2024April 25, 2024 2 min read Technology & InnovationAIPartnershipsMarketing: BroadcastIndustry Conferences and EventsMarketing: Retail MediaStreamingMarketing: Digital MediaMarketing: Social MediaConsumersAmazonMarketing: Loyalty & SubscriptionPredictions and ForecastsInternational - North AmericaExecutivesWalmart 0 Saving Bookmark this article Bookmarked
Technology & Innovation Store workforce scheduling firm Orquest named winner of Retail Technology Show 2024 Innovation Awards Artificial intelligence driven in-store workforce scheduling solution, Orquest, has been announced as the winner of the 2024 Innovation Awards by Retail Technology Show 2024, which is taking place at London Olympia this week. Announced at the BIG Retail Party at the end of day one, Orquest was chosen from a shortlist of ten companies also […] Retail Technology Innovation Hub April 25, 2024April 25, 2024 2 min read Technology & InnovationAIPredictions and ForecastsAssociatesMarketing: Social MediaTwitterShoppersInternational - UKMarketing: In StoreCompetitionCustomer ExperienceSustainabilityStrategyOperations & Supply ChainHealth & WellnessExecutivesTrends: RetailEconomy 0 Saving Bookmark this article Bookmarked
Data & Insights Nurturing future leaders: Celebrating the graduates of Nielsen’s Diverse Leadership Network program Nielsen’s 2024 Diverse Leadership Network graduates strike the #inspireinclusion pose for International Women’s Day Nielsen is focused on creating a better media future for all people, and that starts inside our own company, with our people. One of our leadership development programs is the Diverse Leadership Network (DLN). Through the DLN, we are investing in […] Nielsen April 25, 2024April 25, 2024 2 min read Insight ProvidersBig DataPredictions and ForecastsInclusivityInternationalExecutivesAssociatesSustainabilityTrends: MarketingData & InsightsDept. Fresh 0 Saving Bookmark this article Bookmarked
Channel: Mass Video Forum: Kevin Host, Walmart Kevin Host, senior vice president of pharmacy at Walmart and incoming NACDS chairman, talks about the state of the association and the industry it represents. Host discusses his priorities at NACDS, including DIR reform and expanded scope of practice for pharmacists, as well as efforts to foster innovation and build synergies between pharmacy and the […] MMR April 25, 2024April 25, 2024 < 1 min read WalmartDept. PharmacyExecutivesTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Department: Nonfood Swipe fee costs average household more than $1,100 WASHINGTON – Soaring credit and debit card swipe fees cost the average U.S. household more than $1,100 last year, the Merchants Payments Coalition said. “American families should not get bilked for more than $1,100 each year on swipe fees,” MPC Executive Committee member and National Retail Federation Senior Director of Government Relations Dylan Jeon said. […] MMR April 25, 2024April 25, 2024 2 min read Dept. NonfoodGovernmentResults & InvestmentConsumersCompetitionLegal & CriminalExecutivesCOVID19Associates 0 Saving Bookmark this article Bookmarked
Shopper & Customer Mother’s Day spending expected to hit $33.5 billion WASHINGTON – Mother’s Day spending is expected to reach $33.5 billion this year, according to the annual consumer survey by the National Retail Federation and Prosper Insights & Analytics. The figure is the second highest in the history of the survey, following last year’s record $35.7 billion. “Mother’s Day is a time to celebrate the […] MMR April 25, 2024April 25, 2024 2 min read ConsumersDept. NonfoodHoliday & EventsThick DataExecutivesData & InsightsBrick and MortarShoppersStrategy 0 Saving Bookmark this article Bookmarked
Department & Category FMI taps Julie Savoie to lead workforce initiatives ARLINGTON, VA – FMI – The Food Industry Association, has tapped Julie Savoie to lead the association’s strategic direction for, and implementation of, member workplace and workforce initiatives. She will also help oversee the FMI sustainability agenda. Julie Savoie “Workforce capabilities are one of FMI’s Imperative Issues and have become particularly urgent in recent years,” […] MMR April 25, 2024April 25, 2024 2 min read SustainabilityAssociatesPredictions and ForecastsUnileverMarketing: Social MediaExecutivesDept. NonfoodDept. GroceryData & InsightsConsumers 0 Saving Bookmark this article Bookmarked
Stores & Formats The Backroom: With more closures ahead, what’s next for Macy’s? Under a new CEO, the iconic department store is fielding a $6.6 billion takeover offer, shuttering another 150 stores and fighting to stay relevant. RetailDive April 25, 2024April 25, 2024 < 1 min read ExecutivesBrick and Mortar 0 Saving Bookmark this article Bookmarked
Technology & Innovation Retail Technology Show 2024: artificial intelligence impacting retail and society says Google executive “Technology is at the heart of societal and business transformation,” said Dex Hunter-Torricke, Head of Global Comms and Marketing at Google’s DeepMind specialist AI unit, as he shared some use cases with the conference audience at Retail Technology Show (RTS) 2024 today. The former Facebook and SpaceX executive is a vastly experienced specialist who shared […] Retail Technology Innovation Hub April 24, 2024April 24, 2024 2 min read Technology & InnovationAIPredictions and ForecastsData & InsightsGoogleExecutivesShoppersMeta (Facebook)Marketing: Social MediaHome DepotBest BuyOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Data & Insights Cantaloupe report: cashless, touchless payments surging MALVERN, Pa. – Cantaloupe Inc., a leading provider of end-to-end technology solutions for self-service commerce, has released its highly anticipated Cantaloupe 2024 Micropayment Trends Report. The report analyzes payment transaction data from a sample of more than 600,000 (out of 1.2 million) Cantaloupe card readers on food & beverage vending and amusement/gaming machines, as well as […] MMR April 24, 2024April 24, 2024 3 min read Dept. FreshData & InsightsTechnology & InnovationConsumersDept. BeverageAIPredictions and ForecastsGamingDept. GroceryExecutivesCOVID19Trends: Consumer 0 Saving Bookmark this article Bookmarked
Channel: Delivery DoorDash and Walgreens to empower SNAP recipients SAN FRANCISCO — DoorDash is collaborating with Walgreens to offer SNAP/EBT payment at nearly 7,800 Walgreens stores across the country. DoorDash says it is the first platform to enables SNAP customers to make purchases directly from Walgreens using their SNAP/EBT cards, and is also the first third-party delivery service provider to offer SNAP/EBT as a […] MMR April 24, 2024April 24, 2024 2 min read WalgreensFood DeliveryDoorDashDeliveryDept. GroceryBrick and MortarConsumersShoppersPredictions and ForecastsRestaurantsPricing & PromotionsPartnershipsExecutivesMarketing: Social Media 0 Saving Bookmark this article Bookmarked
Shopper & Customer Acosta: Grocery channel can grow with HBC/GM JACKSONVILLE, Fla. — The opportunities for grocery retailers to grow their health and beauty care and general merchandise sales are exponential, according to a new study by Acosta Group. In advance of this week’s 2024 National Association of Chain Drug Stores (NACDS) Annual Meeting, Acosta Group has shared the results of its recent proprietary Shopper […] MMR April 24, 2024April 24, 2024 3 min read Dept. HBCShoppersVendorsMarketing: In StoreConsumersDept. BeverageDept. GroceryDept. NonfoodBrick and MortarMarketing: TradeHealth & WellnessExecutivesStrategyPricing & PromotionsData & InsightsOmnichannelBig DataPredictions and ForecastsOwned Brands (Private Label)Dept. OTCMarketing: Loyalty & Subscription 0 Saving Bookmark this article Bookmarked
Technology & Innovation Wh-The-Tech with Nestlé Purina’s Padma Hari & Maesa’s Oshiya Savur In this episode, the CPG Guys speak with Padma Hari, Chief Digital Officer at Nestlé Purina & Oshiya Savur, Chief Brand & Marketing Officer at Maesa. Both co-host the “Wh-The-Tech” podcast. Subscribe to the “Wh-The-Tech” podcast: Apple Spotify Follow Padma on LinkedIn at: https://www.linkedin.com/in/padma-hari/ Follow Oshiya on LinkedIn at: https://www.linkedin.com/in/oshiya-savur/ Padma & Oshiya answered these […] The CPG Guys April 24, 2024April 24, 2024 2 min read Technology & InnovationPodcastsAIMarketing: Social MediaOmnichannelStreamingNestleMarketing: BroadcastConsumersExecutives 0 Saving Bookmark this article Bookmarked
Technology & Innovation Marketers Spend on New Technologies While Battling Usage and Impact Challenges The 32nd edition of The CMO Survey examines reoccurring questions related to marketing spending and performance, marketing leadership, and marketing jobs. In addition, managing marketing technology, generative AI, growth, and sustainability are special topics covered in this edition. Here are top takeaways, based on a sample of 292 marketing leaders at for-profit U.S. companies, 94% […] 0 Author Missing April 24, 2024April 24, 2024 4 min read Technology & InnovationAIThick DataExecutivesDept. NonfoodSustainabilityEconomyStrategyShoppersPredictions and ForecastsCustomer ExperienceAssociatesMarketing: Direct & PersonalizationData VisualizationDept. ApparelCOVID19Data & InsightsESG and CSRAmazonMarketing: Social MediaMarketing: TradeMarketing: UGCOperations & Supply ChainPartnershipsTargetMarketing: Brand 0 Saving Bookmark this article Bookmarked
Corporate Strategy UK-Based JD Sports to Acquire Rival Hibbett in $1.08B Deal JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, reports Reuters. JD Sports will pay $87.50 per Hibbett share in cash, representing a premium of about 20 percent to the U.S. firm’s last closing price. The combined company would have a global portfolio of about 25 brands […] TotalRetail April 24, 2024April 24, 2024 2 min read ExecutivesAcquisitionDept. ApparelInternational - UKPredictions and ForecastsPress ReleaseConsumersBrick and MortarMerchandisingOwned Brands (Private Label) 0 Saving Bookmark this article Bookmarked
Data & Insights Is B2B E-Commerce a Side Project? Think Again A great web store experience is critical to growth for business-to-business (B2B) companies. However, many B2B sellers are failing to meet buyer expectations, which is a significant business risk. According to insights from our B2B Buyer Report, 91 percent of buyers in the U.S. would switch suppliers after a bad experience trying to purchase on their […] TotalRetail April 24, 2024April 24, 2024 2 min read Data & InsightsShoppersDeliveryPredictions and ForecastsInsight ProvidersExecutivesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Amazon Rolls Out Grocery Delivery Subscription Nationwide Following a pilot in three U.S. cities, Amazon is making its grocery delivery subscription available to all Prime members in the U.S. For $9.99 a month, Prime members will now have access to unlimited grocery delivery on orders over $35 from Amazon Fresh, Whole Foods Market and a variety of local grocery and specialty retailers, […] Retail TouchPoints April 24, 2024April 24, 2024 2 min read AmazonDeliveryDept. GroceryWhole FoodsBrick and MortarDoorDashFood DeliveryDept. FreshDept. BeverageDept. Adult BevRegional GroceryDept. PetLowesUbereatsMarketing: Social MediaPartnershipsMarketing: Loyalty & SubscriptionMarketing: In StoreBOPISPredictions and ForecastsBig LotsDept. NonfoodRite AidExecutives 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Amazon adds low-cost grocery delivery subscription option SEATTLE—In a bid to bring greater convenience to budget-minded food shoppers, Amazon has unveiled a new grocery delivery subscription option to Prime members and customers using EBT in over 3,500 cities and towns across the United States. Priced at $9.99 per month for Prime members, this subscription service offers unlimited grocery delivery on orders exceeding […] MMR April 24, 2024April 24, 2024 2 min read AmazonDeliveryWhole FoodsDept. GroceryRegional GroceryDept. FreshMarketing: Loyalty & SubscriptionBOPISMarketing: In StoreBrick and MortarShoppersPricing & PromotionsExecutives 0 Saving Bookmark this article Bookmarked
Agencies & Vendors RangeMe Review: How Due Diligence & Custom Offerings Land 2×4 Nutrition onto Retail Shelves Nothing irks a buyer more than a brand that goes into a meeting unprepared. In fact, the most common advice I hear from buyers with regards to supplier meeting prep is, “Do your homework.” You should have an idea about the buyer’s organization, the markets it serves, and – whenever possible – actual boots-on-the-ground experience […] RangeMe April 23, 2024April 23, 2024 4 min read VendorsShoppersWalmartMerchandisingData & InsightsDept. OTCTechnology & InnovationPackagingConsumersBrick and MortarMarketing: Social MediaCVSPricing & PromotionsSustainabilityDept. NonfoodExecutivesOperations & Supply ChainDept. Natural / OrganicBig Data 0 Saving Bookmark this article Bookmarked
Technology & Innovation The Unseen Ethical Considerations in AI Practices: A Guide for the CEO Adoption of artificial intelligence (AI) is only accelerating among global corporate enterprises, thus CEOs and business leaders are positioned at the confluence of innovation and ethics as it relates to implementing AI projects within their businesses. While technical prowess and business potential are usually the focus of conversations around AI, the ethical considerations are sometimes […] TotalRetail April 23, 2024April 23, 2024 < 1 min read Technology & InnovationAIExecutives 0 Saving Bookmark this article Bookmarked
Department & Category Walmart Suppliers Deliver Greenhouse Gas Reductions 6 Years Early Here’s some positive sustainability news for Earth Month. Walmart introduced Project Gigaton in 2017 with an ambitious goal: reducing, avoiding or sequestering one gigaton — that’s 1 billion metric tons — of greenhouse gas emissions by 2030. The more than 5,900 Walmart suppliers that now participate in the Project Gigaton consortium have delivered on that […] Retail TouchPoints April 23, 2024April 23, 2024 2 min read SustainabilityWalmartPredictions and ForecastsDept. FuelOperations & Supply ChainMarketing: Social MediaTechnology & InnovationDept. NonfoodExecutivesESG and CSR 0 Saving Bookmark this article Bookmarked
Technology & Innovation Disney Technology Executive Leaves Company for Personal Reasons Aaron LaBerge will stay on at Disney until June 2024. RetailWire April 23, 2024April 23, 2024 < 1 min read Technology & InnovationExecutivesPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Partnerships & Alt Profit CDR, MMR partner with ECRM for special event TUCSON — Chain Drug Review and Mass Market Retailers have partnered with ECRM for Founders’ Innovation Day, an exclusive event designed for D2C and emerging brands to make the most of their potential at food, drug and mass retailers, and from e-commerce. The “day of insight, connection and growth” is being held on June 3 […] MMR April 23, 2024April 23, 2024 2 min read PartnershipsTechnology & InnovationExecutivesDept. HBCDept. Natural / OrganicVendorsOmnichannelMarketing: Social MediaMerchandisingOperations & Supply ChainPredictions and ForecastsResults & InvestmentStart UpsSustainabilityDept. GroceryData & Insights 0 Saving Bookmark this article Bookmarked
Trends & External Forces Federal court recognizes CRN’s ‘standing’ to sue WASHINGTON — The Council for Responsible Nutrition (CRN), the leading trade association for the dietary supplement and functional food industry, announced today that a federal judge in New York State’s age restriction law case ruled that the association has standing to sue on behalf of its members, allowing the case to move forward. A motion for […] MMR April 23, 2024April 23, 2024 2 min read ConsumersLegal & CriminalHealth & WellnessDept. HBCPredictions and ForecastsExecutivesDept. Grocery 0 Saving Bookmark this article Bookmarked
Retail Ecosystem Leaders Leap Book Launch: Get Ready To Leap! We have an fantastic episode for you featuring the virtual launch event for Steve’s brand-new book, Leaders Leap, recorded Monday April 22nd. Steve is joined by a panel of extraordinary guests, all of whom are leaders in their respective fields. We have the privilege of hosting best-selling author and friend Seth Godin, an entrepreneur and […] Remarkable Retail Podcast April 23, 2024April 23, 2024 2 min read Technology & InnovationAIInternational - North AmericaPodcastsConsumersMarketing: Social MediaExecutivesDept. GroceryIndustry Conferences and EventsTractor Supply CompanyPredictions and ForecastsCustomer ExperienceTrends: RetailShoppersStrategyKrogerMeta (Facebook)TikTokStreamingConsultingAmazonMarketing: BroadcastInternational - UKBrick and MortarESG and CSRData & InsightsWalmart 0 Saving Bookmark this article Bookmarked
Technology & Innovation Ikea Creates Training Ecosystem to Support AI Literacy for 3,500 Employees Ingka Group, parent company of Ikea Retail, has set ambitious targets for boosting the AI literacy of its organization, including AI training for approximately 3,000 employees and 500 executives. The initiative will include a variety of courses, tailored to the needs of employees at various levels and in different phases of their AI journeys, with […] Retail TouchPoints April 23, 2024April 23, 2024 2 min read Technology & InnovationAIAssociatesPredictions and ForecastsData & InsightsMarketing: Social MediaDept. NonfoodShoppersTargetExecutives 0 Saving Bookmark this article Bookmarked
Technology & Innovation Including Wonder, mmERCH, and Pandion: ten retail technology funding rounds you need to know about RTIH rounds up ten retail systems ventures who have recently secured significant investments in their businesses, including blockchain enabled Web3 fashion startups, customer journey management platforms, and computer vision and AI powered warehouse inventory monitoring solutions. 1. TheyDo Customer journey management platform, TheyDo, has secured an additional $34 million in a Series A+ funding round. […] Retail Technology Innovation Hub April 23, 2024April 23, 2024 7 min read Technology & InnovationAIPartnershipsResults & InvestmentData & InsightsOperations & Supply ChainMarketing: Social MediaRestaurantsPredictions and ForecastsShoppersTwitterSustainabilityStart UpsDept. ApparelInternationalStore LocationDeliveryTech: RoboticsDept. GroceryAssociatesMarketing: In StoreDept. NonfoodExecutivesblockchainAmazonDept. FuelStrategyFood DeliveryCustomer ExperienceInclusivityCryptoGoogleMarketing: Retail MediaMeta (Facebook)UnileverEconomyAutonomous VehiclesConsumersPricing & PromotionsPress ReleaseWalmart 0 Saving Bookmark this article Bookmarked
Channel: Mass Channel: Mass Department: Consumer Durables Department: Nonfood Media & Marketing Data & Insights Shopper & Customer Trends & External Forces Merchandising Operations & Supply Chain Target’s April 2024 Circle Sale was its largest by sales lift Track General Merchandise spending free Access chart in Dash. Target’s April Circle Sale generated 7% more sales than the weekly average in the previous 4 weeks according to Earnest credit card data. This represents a 2 point acceleration in the Circle Sale’s contribution to Target’s topline compared to Target’s October sale. Target Circle is a […] Written by Earnest Research April 25, 2024April 25, 2024 Saving Bookmark this article Bookmarked
Department: Consumer Durables Media & Marketing Data & Insights Shopper & Customer Trends & External Forces Stores & Formats TikTok Shop customers spend more at lower ticket apparel retailers Download full TikTok Shop report Access TikTok and Panel data in Dash. TikTok Shop customers spent 26% of their apparel wallet on Off-Price Department Stores and 11% on Fast Fashion in the 12-months ended February 2024, compared to 24% and 7% for the average shopper. Conversely, TikTok Shop users spent less than their peers at […] Written by Earnest Research April 24, 2024April 24, 2024 Saving Bookmark this article Bookmarked
Trends & External Forces Corporate Finance Corporate Purpose ESG Media & Marketing Data & Insights Technology & Innovation Trends & External Forces Associates & Employees Where Does One U.S. Tax Dollar Go? See this visualization first on the Voronoi app. Where Does One U.S. Tax Dollar Go? This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources. Come tax season, a common refrain is: “what do my taxes even […] Written by Visual Capitalist April 24, 2024April 24, 2024 Saving Bookmark this article Bookmarked
Technology & Innovation Technology & Innovation AI boosts innovation in ingredient selection, formulation AI could minimize the traditional trial-and-error approach in product development. Written by Supermarket Perimeter April 24, 2024April 24, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Data & Insights Trends & External Forces Google Won’t Pull Cookies In 2024 Google announces it’s delaying its self-imposed deadline to deprecate third-party cookies on Chrome for the third time. The post Google Won’t Pull Cookies In 2024 appeared first on AdExchanger. Written by AdExchanger April 23, 2024April 24, 2024 Saving Bookmark this article Bookmarked