Charting the AI-Driven Transformation of Grocery The transformation of the grocery industry is no longer a future concept; it is happening now. With the convergence of technology, data, and the evolving needs of consumers, the industry is at the brink of a revolution, and artificial intelligence (AI) and machine learning […]
Read More ›
Retail Analytics In today’s retail environment, understanding data is no longer a luxury but a necessity. The rapid growth of e-commerce, evolving customer behaviors, and the sheer amount of data generated have made analytics an indispensable tool for retailers. Basically, retail analytics not only provide insights into past performances (descriptive […]
Read More ›
Out-of-Stocks and Overstocks IHL has been tracking retail inventory distortion and the true cost of out-of-stocks and overstocks for 17 years. Inventory distortion worldwide is a critical issue that continues to plague retailers worldwide, causing significant financial losses and operational challenges. When IHL measures inventory distortion, we look at out-of-stocks […]
Read More ›
Retail’s $9.2t AI Retail Revolution AI is set to revolutionize the retail and hospitality industries, with IHL forecasting an astounding $9.2t AI retail revolution. This disruptive force, comparable to the game-changing barcode, will reshape retail in ways we can only imagine. Join us for an enlightening webinar where we delve […]
Read More ›
Digital Journeys Recent IHL research shows only a portion of retailers have optimized these digital journeys. While 54% claim to have optimized the traditional ecommerce channel of shipping from a warehouse, only 27% have optimized localized delivery, 26% ship from store, and only 16% Buy Online for Store Pickup. For […]
Read More ›
The average retailer spends 13% of their IT budget on security, but anywhere from 15-40% of that budget is taken up with just being PCI compliant…and let’s face it, that’s not real security. COVID has brought exponential increases to the number of IoT devices in stores, greatly expanding the attack […]
Read More ›
There are many criteria that have separated the winners since the beginning of the pandemic, but there is one technology that winning retailers are rolling out in 2021 at a rate nearly 9.5x the rate of others. You would think it is a new technology like AI/ML or something specifically […]
Read More ›
Worldwide, COVID-19 is having disastrous impacts on consumer spending. IHL’s current forecast for consumer spending is a reduction of $1.6t in sales worldwide, just under 10%. And it is the smaller retailers losing the most by far. But not all segments are doing poorly. While Specialty Stores and Departments Stores […]
Read More ›