Using blockchain technology to combat retail theft

The retail industry is one of the most important sectors of the United States economy. Unfortunately, the COVID-19 pandemic has left the trillion-dollar retail sector vulnerable to in-store theft.  Findings from the National Retail Federation’s 2022 Retail Security Survey show that retail losses from stolen goods increased to $94.5 billionContinue Reading

A peek into India’s evolving e-commerce market, Retail News, ET Retail

New Delhi: 2022 saw some critical changes in the e-commerce ecosystem in India. The industry primarily dominated by the two big wigs of e-commerce – Amazon and Flipkart, saw growing competition from giant conglomerates, disruptive startups, and the launch of state-backed ONDC. Further e-commerce players refocused their strategies to tapContinue Reading

Governor Hochul Announces Start of Adult-Use Cannabis Retail Sales

Governor Kathy Hochul announced today that sales of legal, regulated adult-use cannabis will start on December 29 at a dispensary in Manhattan, operated by Housing Works, the nation’s largest minority-controlled HIV/AIDS service organization and largest community-based HIV/AIDS service organization. The non-profit, based in New York City, operates a range ofContinue Reading

Movado Lowers Guidance Amid ‘Uncertain’ Retail Environment

Paramus, N.J.—Movado Group posted a decline in sales in the third quarter as inflation weighs weighed on shoppers in the United States and Europe. The New Jersey-based company also lowered its fiscal-year guidance, citing an uncertain retail environment. “As consumers in our key markets experience inflationary pressure, we are updatingContinue Reading

Recap of 2022 Sustainable Retail Summit

AMSTERDAM, NETHERLANDS / ACCESSWIRE / October 31, 2022 / The third and final day of the Sustainable Retail Summit 2022 in Amsterdam began with a discussion around a hugely important element of sustainability strategies: plastics and package are making pledges to ensure products are recyclable by 2030. Willemijn Peeters, CEOContinue Reading

Ensuring True High Availability in an Online Retail Environment

Unlike most of the world, an online retail business never sleeps, which means that the systems powering an online retailer’s critical operations can never sleep either. If the organization wants to sell products and meet the needs of customers on a 24-by-7 basis, it’s going to need a way toContinue Reading