The volatile economy has generated a lot of uncertainty over the past year, causing employees to want stability and, therefore, stay at their current jobs. The 2.1 percent quit rate in January was the lowest level since August 2020 — despite multiple companies offering higher wages. To attract and retain the best employees, retailers need…
Michael Spataro
Accurate demand forecasting is crucial for retailers year-round, but especially so during the holidays, when they experience significant surges in demand. These surges can potentially disrupt processes across the business, from inventory to labor operations. Without proper preparation, those disruptions can impact the customer experience, jeopardizing business results during one of the most critical periods…
As the retail market gets more competitive, retailers are looking to new technologies — like artificial intelligence — to help grow their businesses. The global AI market size in retail is expected to expand at a compound annual growth rate (CAGR) exceeding 23.9 percent from 2022 to 2030. AI-driven tools such as automated inventory-taking and smart…