Artificial Intelligence

Minneapolis – Target Corp. laid off 1,700 mostly headquarters employees on Tuesday and is eliminating 1,400 open positions. According to the Minneapolis/St. Paul Business Journal, Target notified employees of the workforce reduction in an email.

The cuts are part of a two-year, $2 billion corporate restructuring. Roughly 13% of the jobs in Target’s Minneapolis workforce will be eliminated, the report noted.

For both customers and merchants, the retail experience is going to transform dramatically over the next five to ten years as the Internet of Things moves from novelty to mainstream. With growth from 900 million units installed in 2009 to a predicted 26 billion by 2020, there are five ways the Internet of Things will drastically alter the retail industry:

Arlington, Va. -- Data-driven energy management systems provider GridPoint announced that Boddie-Noell Enterprises, the largest Hardee’s franchise operator in the United States, has deployed GridPoint’s state-of-the-art solution at a majority of its 334 restaurants, with plans to deploy to the remaining sites in 2015 and beyond.

Baltimore - Under Armour has opened its first-ever digital headquarters, in downtown Austin, Texas. The 35,000-plus-sq.-ft. “Connected Fitness” center employs more than 100 engineers, data scientists, designers, and product innovators in digital health, fitness, and sports, and is expected to grow substantially by the end of the year. It is the sporting goods company’s facility solely dedicated to digital innovation.

Just in time for bikini season, Lands’ End is introducing a new digital tool to solve the most vexing seasonal dilemma for many women: finding the perfect swimsuit.

The Lands' End Swim Finder is an online tool that helps women select the perfect swimsuit. The tool was created to provide a professional swimsuit fitting consultation virtually, in the comfort and privacy of one's home.

By Brendan O’Brien, Aria Systems

You’ve undoubtedly heard about the Internet of Things (IoT) and you might think that it’s all about wearables and energy savings. You might conclude that it doesn’t have much to do with your retail business.

Well think again.

The business impact on the retail sector from the IoT – the monitoring, measuring and reporting of all kinds of interconnected devices – is going to be huge. Bigger than anything we’ve seen before in technology.

San Francisco -- Apple on Monday announced that the Apple Watch will be available starting April 24, to customers in the United States, the United Kingdom, Australia, Canada, China, France, Germany, Hong Kong, and Japan. For shoppers who can’t wait that long, the device will be available for preview, try-on and preorder starting April 10.

Pricing and launch details about the highly anticipated Apple Watch were released on Monday and calling the device a watch hardly makes sense.

Aside from being worn on the wrist and offering users the ability to tell time, the Apple Watch represents a new generation of wearable technology that promises to create new challenges and opportunities for retailers who now have another screen to consider.