Artificial Intelligence

While Tractor Supply Co. broadly applies advanced analytics across the enterprise, BJ’s Wholesale Club is using analytics as a point solution.

Looking to offer a more targeted and competitively priced assortment, BJ’s is rolling out the price suite from merchandise optimization technology provider Revionics. The technology will help improve customer-centric prices while taking the competitive landscape into account.

An average food retail store leaks an estimated 25% of its refrigerant supply per year. The majority of refrigerant leaks, which are caused by a number of factors, occur in racks and cases. For an individual store, this loss can add up to a sizeable annual expense; for a regional or national chain, the costs can be even more substantial. Additionally, associated labor costs and the potential loss of business because of service disruptions when fixing a leak should be factored in.

Today, when it comes to adding new members to your board of directors, creating a balance between industry experience and innovation is extraordinarily important. Filling board seats with industry veterans and compliance experts may feel comfortable in the short term, but to adapt to today’s savvy and demanding consumer, companies must be more forward thinking.

We’ve all witnessed the recent evolution of the C-suite — companies bringing in new, young talent, often from other industries, to modernize a brand, enhance the store experience or to leverage technology.

That’s one of the key findings of The 2016 Johnson Controls Energy Efficiency Indicator (EEI) survey of more than 1,200 facility and energy management executives.  

An average food retail store leaks an estimated 25% estimated of its refrigerant supply per year. The majority of refrigerant leaks, which are caused by a number of factors, occur in racks and cases. For an individual store, this loss can add up to a sizeable annual expense; for a regional or national chain, the costs can be even more substantial. Additionally, associated labor costs and the potential loss of business because of service disruptions when fixing a leak should be factored in.     

Target Corp. is taking its lighting to the next level.   The retailer has entered into an agreement with Acuity Brands for Acuity to provide Target with smart lighting technologies, featuring energy saving LED fixtures and dimming controls.    Target will be installing Acuity’s next generation, smart LED sales floor fixtures, along with the lighting company’s store accent lighting and distribution center site lighting.   

Amazon.com is continuing to expand its assortment of Dash buttons.  

Pinterest is making it easier for consumers to shop and buy on its site.    The company, which claims 100 million monthly users, on Tuesday unveiled a collection of new tools, called “Shopping with Pinterest,” that includes visual search technology that lets people search for similar items shown featured in a pin (post).