Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Here's the 13-slide pitch deck Grunfin, a startup that lets retail investors back sustainable funds, used to raise $2.3 million
Grunfin, an Estonian fintech for sustainable investing, has raised €2 million ($2.3 million). The round was led by impact fund Norrsken VC, founded by Klarna cofounder Niklas Adalberth. Insider got an exclusive look at the pitch deck it used…
Applying AI technologies to Offline and Online Retail
Businesses in the retail industry need to incorporate AI capabilities to compete successfully. Retailers that fail to do so risk their own peril. Retailers that embrace AI will find it helps them unlock new insights, increase sales, and build…
Computer Vision Startup Funded to Tap Retail Security Cameras
Vendor says behavior analytics AI for retail works with existing security cameras. Deep North, a California startup that uses artificial intelligence (AI) with computer vision to analyze video from security cameras, has raised $17 million in series…
Business groups ask White House to delay Biden Covid vaccine mandate until after the holidays
White House officials at the OMB are meeting with industry lobbyists as it conducts the final review of President Joe Biden's Covid vaccine mandate. Business groups are asking the administration to wait until after the holiday shopping season to…
Zepto to help retailers take payment straight from a bank account
Headaches include waiting for funds to clear a bank, or dealing with chargebacks when transactions are contested. The real-time payments system known as the NPP removes both. “The payment infrastructure today is failing to deliver on the…
Former Sainsbury's boss David Tyler joins retail tech startup Imagr
Former Sainsbury's chairman David Tyler has joined the board of retail startup Imagr. Tyler, who was at the helm of the supermarket chain from 2009 to 2019, has joined the autonomous retail checkout company as chair of the board. Alongside his…
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Cudoni Hires Former The RealReal Retail Lead as Chief Commercial Officer
The luxury resale site has hired Michael Groffenberger as its first chief commercial officer. Groffenberger previously served as head of retail at The Real Real. Cudoni was founded in 2017 and counts among a wave of start-ups seeking to grab a…
France moves to shield its book industry from Amazon - ET Retail
PARIS: Sophie Fornairon's independent bookshop has survived the rise of Amazon thanks to a French law that prohibits price discounting on new books, but she says the e-commerce giant's ability to undercut on shipping still skews the market against…
Alibaba has lost $344 billion in world's biggest wipeout - ET Retail
Alibaba shares sank from an all-time high that month to a record low three weeks ago in Hong Kong, as Beijing stepped up its scrutiny of the company's practices and urged a restructure of its fintech business. Despite a 30% recovery from Oct. 5…
E-Commerce Brands Look To Reputation Management To Boost Sales
With the two year anniversary of the pandemic nearing, and the retail industry continuing to experience enormous transformation, new research brings fresh insight for brands looking to create effective customer experiences and boost sales. A new…
connective3 wins SEO and Digital PR account with homeware retailer
Digital performance agency connective3 has revealed it has been selected by Manchester-headquartered retailer Domu Brands to work on digital PR and SEO. The agency secured the account following a competitive pitch process and will provide support…
China targets online retail sales of $2.66 trln by 2025
SHANGHAI - China's commerce ministry said on Tuesday that it aims to see online retail sales in the country rise to 17 trillion yuan ($2.66 trillion) by 2025, from 11.8 trillion yuan in 2020, in a statement outlining its 14th five-year plan for the…
64% of retail execs worry packages won't arrive by holidays
64% of retail executives are worried about holiday orders arriving late, according to Deloitte. This holiday season will be marked by less inventory, fewer discounts, and higher prices. Despite supply-chain issues, execs predict people will spend…
Desperate for workers, restaurants turn to robots - ET Retail
When Florida gave restaurants the green light to reopen indoor dining earlier this year, restaurateurs like Carlos Gazitua were euphoric. They hoped it would resuscitate their businesses, many of which were on life-support after the shutdown. But…
Texas says popular cannabis extract, delta-8, is illegal, sending retailers scrambling
Three years after federal legislation removed the marijuana extract known as delta-8 THC from the nation's list of controlled substances, Texas health officials have put it on its own list of illegal drugs, sending a shockwave through the growing…
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