Can machine learning deliver critical market insight on consumer needs faster and cheaper?
Consumer brands have long used old-fashioned focus groups, interviews and surveys to best gauge consumer wants, desires and needs as part of processes that range from product development, to marketing and sales. As machine learning and artificial intelligence (AI) have emerged, there is an increasing interest in the ability to harness these solutions to save time and money, and to yield more reliable consumer insights.
Feb 08, 2019 6:51 AM EST
Retailers can manipulate consumer regret to beat competitors
Retailers can manipulate consumer regret to beat competitors Markdown retailers can survive the entry of an everyday low price retailer into a highly competitive market by manipulating price, product availability, and the regret consumers feel when they pay too much or wait till a product is unavailable to buy it, according to a new study.
LVMH takes control of Christian Dior in mammoth deal
The French luxury group gains full control of the 70-year-old Parisian fashion house Christian Dior in a mammoth deal worth around €12.1 billion.
Burberry posts ‘lackluster’ results
UK luxury fashion retailer Burberry posts lackluster set of results for its second half following an impressive result in the third quarter, a retail analyst stated.
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North Korea's 'Lazarus' hackers attack global banks, stolen money to fund nuclear programs
What seemed like a perfect hacking operation turned out to be a failure as Kaspersky has spotted a mistake on the part of the Lazarus hackers. It found a brief connection that came from North Korea - proving their identity and origin.
Apr 04, 2017 6:56 PM EDT
Fox News, Ailes slapped with another sexual harassment lawsuit, advertisers pulling out from top-rated show
A lawsuit has been filed by a Democratic political consultant and Fox News contributor on Monday alleging, among others, that Roger Ailes denied her of a permanent hosting job after she turned down his sexual advances.
Apr 04, 2017 6:37 PM EDT
South African president sacks finance minister over alleged disloyalty; calls for midnight reshuffle
South African leader, Jacob Zuma, has sacked finance minister Pravin Gordhan in a move that drove the country's currency down five percent in value. The president calls for a midnight reshuffle in his Treasury members who he felt were disloyal to his political intentions.
Apr 03, 2017 7:02 PM EDT
Uniqlo to leave US if Trump insists the retailer makes all its clothes in America
The US president has long promoted a change on how foreign businesses should run their operations - and that is to revive American manufacturing. Uniqlo head showed he didn't like being given an ultimatum by Trump.
Apr 03, 2017 11:51 AM EDT
Mexico's largest cement company Cemex won't build Trump's border wall
Cemex, one of the world's largest cement producers, has not participated in the first round of bids that is currently underway but said it is open to providing quotes to supply the raw materials for Trump's promised border wall.
Mar 31, 2017 10:03 PM EDT
H&M to launch new brand Arket this year
Arket, which means 'sheet of paper' in Swedish, will cater to a modern-day market with products for men, women, children and the home.
Mar 31, 2017 10:00 PM EDT
Amazon to collect state sales tax marking the end of tax-free shopping experience
Amazon was one of the leaders in keeping online purchases tax-free. As the company moves to offer faster deliveries, it expanded its distribution centers and started collecting sales tax in more states.
Mar 31, 2017 9:54 PM EDT
Topshop managing director leaves for The White Company in a string of resignations from Arcadia empire
An analyst notes that Mary Homer's departure will have an impact on Topshop saying that her fashion instincts were key players to the success of the brand.
Mar 31, 2017 9:52 PM EDT
Qatar Airways to offer loaner laptops in response to the US' electronics ban
Qatar also promises to provide a one hour free Wi-Fi access with a $5 charge to stay connected the whole flight. The loaner laptops, a workaround over the electronics ban, will only be available to the airlines' business class passengers.
Mar 31, 2017 7:17 AM EDT
Jeff Bezos becomes second richest in the world surpassing Warren Buffett, Amancio Ortega
Jeff Bezos added $1.5 billion to his fortune after Amazon rose to $18.32 on Wednesday following the announcement that it acquired Dubai-based online retailer Souq.com.
Mar 30, 2017 8:39 PM EDT
UK officially leaves EU; forecasters warn of tough times ahead
While Theresa May told MPs that Brexit doubters should look forward with optimism, forecasters warn that divorce from the EU will be costly and that it could weigh heavily on UK's economic prospects in the next years.
Mar 30, 2017 11:57 AM EDT
Wells Fargo to pay $110 million settlement over accounts scandal
US bank Wells Fargo has agreed to pay $110 million as settlement for the 11 class-action lawsuits brought by customers who had accounts opened without their permission.
Mar 30, 2017 10:39 AM EDT
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