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Retail industry

How AI and automation will reshape grocery stores and fast-food chains

How AI and automation will reshape grocery stores and fast-food chains

Technology News

AI isn’t just a hyped innovation in the tech sector; the food industry is also investing heavily in the red-hot trend. Americans heading to the grocery store or their favorite fast-food restaurant will already have noticed the introduction of the new technology in such services as self-checkout kiosks and even AI ordering in drive-thru lanes. […]

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Willow Bay, Bob Iger to take controlling stake in NWSL’s Angel City FC at a 0 million valuation

Willow Bay, Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250 million valuation

Business News

Bob Iger, chief executive officer of The Walt Disney Co., and his wife attend Willow Bay the Allen & Company Sun Valley Conference on July 11, 2024 in Sun Valley, Idaho.  Kevork Djansezian | Getty Images Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable

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Here are 6 buying categories cheaper today than they were before the pandemic

Here are 6 buying categories cheaper today than they were before the pandemic

Business News

It’s the nature of prices to go up over time, even in low-inflation environments. Historically, the target for the U.S. Federal Reserve has been 2% annual inflation. So when worldwide events like the Covid-19 pandemic push inflation well above that 2% target, it can be a real shock to consumers. Since hitting 9% in June

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Walmart is opening five automated distribution centers as it tries to keep its grocery dominance

Walmart is opening five automated distribution centers as it tries to keep its grocery dominance

Business News

Automated distribution centers for Walmart grocery business. Courtesy: Walmart Walmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows. The discounter’s new facilities are roughly 700,000 square feet on average. Chilled and frozen areas have automation that

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Inflation outrage: Even as prices stabilize, Walmart, Chipotle and others feel the heat from skeptical customers

Inflation outrage: Even as prices stabilize, Walmart, Chipotle and others feel the heat from skeptical customers

Business News

When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers’ to-do lists. Customers didn’t necessarily see it that way. On TikTok, some criticized the higher-tech price tags as the first step toward the nation’s

Inflation outrage: Even as prices stabilize, Walmart, Chipotle and others feel the heat from skeptical customers Read More »

Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in .65 billion deal

Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal

Business News

Saks Fifth Avenue store at the Waterside Shops.  John Greim | Lightrocket | Getty Images Saks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers. The combination will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’

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AI drive-thru ordering is on the rise — but it may take years to iron out its flaws

AI drive-thru ordering is on the rise — but it may take years to iron out its flaws

Business News

The drive-thru menu at a McDonald’s restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. Smith Collection | Gado | Archive Photos | Getty Images Searching for ways to lower labor costs, restaurants are hoping that artificial intelligence can take down drive-thru orders — but it will likely

AI drive-thru ordering is on the rise — but it may take years to iron out its flaws Read More »

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