Sep 30, 2024 Retail and Consumer Happenings

Here are the recent happenings in the Retail and Consumer Tech world as of Sep 30, 2024.

As artificial intelligence integrates more deeply into the retail sector, companies like Campbell’s and Dollar General are tapping into digital tools to streamline operations and boost growth. According to Peter Cohan from Inc.com, AI applications in retail are not just enhancing customer experience but are also “accelerating the pace at which companies can respond to market changes.”

Meanwhile, the luxury fashion industry is also embracing AI to revolutionize how consumers shop. A report from O’Dwyer’s highlights how brands are using AI to personalize shopping experiences and predict fashion trends, transforming the future of high-end retail.

On the supply chain front, major disruptions are looming as potential dockworker strikes threaten to impact companies like Amazon, Apple, and Tesla. Benzinga reports that these industries are bracing for significant challenges that could affect their holiday season operations.

Furthermore, home improvement giants Lowe’s, Home Depot, and consumer electronics retailer Best Buy are revamping their marketing strategies to better compete in the digital age, focusing on enhancing customer relationship management and in-store experiences, as noted by eMarketer.

Lastly, as we approach the holiday season, Forrester advises retailers to adapt their site search capabilities to reflect changes in customer behaviors and needs, ensuring that businesses remain competitive during one of the busiest shopping times of the year.

Brought to you in collaboration by the teams at EVOA Digital, CPG Cloud Partners, and Red Stapler. This article was initiated using AI technology provided by Apple and OpenAI. Contact us to learn more!