AI Could Cause $1.6 Trillion Impact for Large Retailers by 2030 in North America

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​MEMBER MADNESS Costco’s membership price spike is of no concern if hot dogs stay at $1.50 – five key reasons the retailer is safe​
The U.S. Sun spoke exclusively with retail expert Greg Buzek, president of retail analyst and market research firm IHL Group, about the price increase. Read More​
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​Kraft Heinz is using AI to make more autonomous supply-chain decisions​
Food suppliers often deal with unpredictable demand from their customers. Kraft Heinz uses its AI-powered software called Lighthouse to help it anticipate and adjust to these shifts in demand. Read More​
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​Amazon Picks Anthropic to Power Alexa 2.0​
Amazon is turning to Anthropic’s artificial intelligence (AI) model Claude to power the revamped version of its voice assistant, Alexa, according to sources familiar with the matter. Read More​

​AI Could Cause $1.6 Trillion impact in Retail by 2030​
The top 207 North American public retailers and restaurants could see nearly $1.6 trillion financial impact through the end of the decade, according to the "2024 AI Readiness Index". The index provides an AI readiness score comparison (from 0-100) as well as potential financial impact for individual companies from sales growth, gross margin improvement, and sales/general administrative cost improvement. Read More​

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​San Francisco 49ers and Levi’s Stadium stump up $200m for new venue features including Zippin powered concessions​
New Zippin checkout-free concessions are part of a $200 million investment project at Levi’s Stadium, home of the National Football League's San Francisco 49ers. Read More​
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​Stadiums, colleges continue deploying Amazon ‘Just Walk Out’ platform​
Amazon’s Just Walk Out frictionless shopping technology is opening 14 new NFL stadium stores and at four new colleges and universities this fall. Read More​
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​Fossil Partners with AI E-Commerce Company Metrical​
Fossil Group, Inc. has partnered with Metrical, a leading innovator in AI e-commerce solutions. Using Metrical’s array of AI-driven solutions, Fossil’s Canadian subsidiary significantly increased sales volume, including a 14% increase in revenue per site visit. Read More​
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​Super Retail Group Invests Up To $63M in Automated Warehouse and IT Upgrades​
Home to brands retailer Supercheap Auto, Macpac and Rebel, spent almost half of its $134.9 million capital expenditure for FY24 including $63 million on the construction of a new automated distribution centre alongside a host of other tech and customer-focused programs Read More​
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​Asda selects Evolve as connectivity partner as supermarket giant acquires 116 new petrol forecourt sites​
Following Asda's acquisition of 116 petrol forecourt sites from the Co-op in 2022 in a £600 million deal, the grocery retailer faced the challenge of delivering a seamless and efficient user experience at these new locations. Read More​
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​Ikea Adopts Single Fintech Platform for Global Payments and Data-Gathering​
Inter Ikea Group, parent company of furniture retailer Ikea, has entered a global partnership with payments platform Adyen. Read More​
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​H-E-B, Favor partner on rapid grocery delivery​
H-E-B is rolling out an exclusive delivery offering through its Favor app, which promises up to 15 items delivered in 45 minutes or less. Read More​
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