Google Cloud launches new generative AI tools for retailers
The suite of new products includes a generative AI-powered chatbot that retailers can integrate into their websites and mobile apps. [...]
CVS to close ‘select’ pharmacies in Target stores in the coming months
The CVS pharmacy closures in Target stores will begin in February and finish by the end of April, the spokesperson said. [...]
New York and California make retail theft a 2024 priority: ‘We mean business’
New York and California have named retail crime as a top priority in 2024 and are proposing new legislation and funding to tackle theft. [...]
Red Sea crisis could jeopardize inflation fight as shipping costs spike globally
JPMorgan told clients the fight against inflation could stall in the coming months if shipping costs push the price of goods higher. [...]
How KFC won over China
While much of KFC's early success came from the U.S., today the majority of its growth is in China. [...]
Wolverine World Wide sells Sperry to Authentic Brands Group in shoe retail deal
Brand management firm Authentic Brands Group bought Sperry, best known for its boat shoes and loafers, from Wolverine World Wide. [...]
Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows
Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December. [...]
Neiman Marcus CEO says there’s ‘no need’ to sell the business as Saks takeover rumors swirl
Saks Fifth Avenue wants to acquire Neiman Marcus, but Neiman's CEO said there's "no need" to sell the business and it's unlikely to change hands soon. [...]
Starbucks sued for allegedly using coffee from farms with rights abuses while touting its ‘ethical’ sourcing
A group is suing Starbucks for false advertising, alleging that it sources coffee and tea from farms with human rights and labor abuses, while touting [...]
States have been eliminating taxes on period products for years. Here’s where you’ll still pay them.
Texas most recently eliminated the so-called tampon tax when its policy took effect in September. Kentucky lawmakers are considering similar bills. [...]