While the number of cyber-attacks have declined in the last year, a majority of companies still feel susceptible to data threats.
This was according to the “2017 Thales Data Threat Report, Retail Edition,” from Thales e-Security and analyst firm 451 Research. The study is based on responses from more than 1100 senior security executives, including in the retail segment, from across the globe.
Amazon is extending its brick-and-mortar brand exposure, once again — albeit in an unconventional way.
Mattress retailer Tuft & Needle will open its newest store in October, in Seattle. And the self-funded specialty retailer is relying on Amazon’s technology and services to drive its success, according to ReCode.
While many other retailers are bumping along the bottom in terms of growth, Amazon increased its sales line (in its second quarter) by almost a quarter. In real terms, this means the online behemoth took some $7.5 billion more in revenue this quarter than during the same period last year. By any standards, this is an impressive performance -- but it is doubly so for a company of the size and scale of Amazon.
When it comes to brands that stand out in online apparel shopping segment, subscription services are leading the pack.
Apparel subscription services, like Stitch Fix and Trunk Club, and introduction of Amazon’s Prime Wardrobe are disrupting the apparel segment. While the subscription method of shopping for apparel is still in its infancy, consumer reach — and interest — is growing, according to research from The NDP Group.
Don’t expect Amazon to stop experimenting with cashier-less grocery stores anytime soon.
Despite announcing in June it would acquire Whole Foods Market for $13.7 billion, the online giant will continue evolving its Amazon Fresh and Amazon Go concepts, among other efforts. Its goal: to reinvent the way consumers shop for food, according to Business Insider.
Amazon is expanding its distribution fleet in the Wolverine state in a big way.
The online giant plans to open an 855,000-sq.-ft. fulfillment center in Romulus, Michigan — it’s second in the state. The facility will create more than 1,500 new full-time associate roles.
Associates will pick, pack, and ship smaller customer items, such as books, electronics and toys. However, these tasks will be streamlined by technology from Amazon Robotics, a wholly-owned subsidiary of Amazon.com.
Technology prominent in discounter’s “next-gen” store concept
Walmart is testing enhanced features and technologies designed to appeal to today’s digitally driven lifestyles in two new supercenters — one in Tomball, Texas, and one in Lake Nona, Fla.
Retailers need to innovate to get the most out of data analytics
There is more data filtering through retail enterprises than ever before. But while most retailers have data collection down to a science, they still need to learn how to extract value from this information.
