Farfetch's Big IPO Push, Plus Uber And Ola Rumble Down Under, And How Best Buy Is Prepping To Compete With Amazon. | | | | | | | | | | | | | Grocery’s Future: Told By 4,000 Consumers | | If you want to know what consumers are doing, don’t ask them about what they might do — ask them about what they just did. So, we asked 4,000 of them across the U.S. who just came out of a grocery store why they went, how they picked that store, what they bought, how they paid and how their favorite grocery merchant could make shopping there better. Karen Webster tells the story of those 4,000 consumers — and what it means for the future of grocery, and retail more generally. Especially when more than half of those shoppers could be up for grabs. | | |
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| | | | | | | Smart Fitness Tech Brings The Boutique, In-Studio Class Experience Home | | Fitness classes aren’t relegated to large gyms or small boutique fitness studios. They’re making their debut in consumers’ homes — on smart devices — too. But some in-home workouts have an obvious disadvantage: There’s no one around to motivate consumers to exercise. Through companies like MIRROR, consumers can get the interaction and support of a fitness class while working out at home, Brynn Putnam, founder and CEO of MIRROR, told PYMNTS in an interview. Here’s how the service works and where the boutique fitness industry is headed in the future. Read More... | |
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| | | | | The Place For AI In Retail’s Future | | Artificial intelligence (AI) is just getting started in the retail space. The market is projected to increase 38-fold by 2025 as today’s trends drive widespread adoption of AI technologies. By 2025, the most innovative AI creations of 2018 will likely be taken for granted — table stakes in a retail landscape where those who didn't adopt them have already been weeded out. Here are some of the key trends driving this transformation and the forecast for AI and omnichannel in the decade to come. Read More... | |
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| | | | | | Amazon Seeks New Avenues Of Growth For Amazon Prime | | When Amazon Prime launched two-day shipping in 2005, Jeff Bezos sought to make fast delivery an everyday experience. Since then, the service has become a household name: More than 40 percent of American consumers had a Prime membership last year. But growth of Amazon’s popular service is starting to slow, and it’s seeking new subscribers. Here’s how the company is adapting its Amazon Prime pricing model to reach more consumers and how eCommerce retailers can attract new customer segments to a subscription program. Read More... | |
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