Amazon to start selling cars online in the US from 2024

Walmart's operating income up by $3.5bn in Q3 FY24; Skechers accuses Nike of 'forcing out competition' in patent lawsuit; and Co-op reopens Stornoway store following major upgrade

View in browser View in browser  |  Forward to a friend  | Signup In Brief November 20, 2023 | Up-to-date international news and features on the global retail industry Spotlight Amazon to start selling cars online in the US from 2024 US customers can schedule delivery from a local dealership or pick it their vehicle themselves at their convenience. Latest news Co-op reopens Stornoway store following major upgrade The 22,000ft² store stocks everyday essentials, fresh and healthy products, food-to-go, plant-based products and more. Walmart's operating income up by $3.5bn in Q3 FY24 The retailer expects consolidated net sales to increase around 5.0% to 5.5% in FY24. Skechers accuses Nike of 'forcing out competition' in patent lawsuit Nike filed a federal lawsuit against Skechers for allegedly infringing the patents directed towards its "Flyknit" technology. Paysafe urges holiday shopping habit re-evaluation amid changing trends As the holiday season approaches, Paysafe's recent study signals a crucial juncture for both consumers and merchants. Burberry's reported operating profit drops 15% in H1 FY23 The company's revenue increased 4% to £1.39bn in the first half. REI accused of violating US labour law at eight unionised stores The retailer allegedly engaged in anti-union behaviour and retaliatory actions against workers. Tapestry unveils advanced fulfilment centre in Nevada, US The new facility will cut delivery windows from five to seven days down to two to three days. Read more news In-depth read Traditional AI is here to stay in the retail and apparel space Initially, retailers used AI for basic tasks, including inventory management and demand forecasting. However, its usage has now become more prevalent in other aspects such as personalized marketing, customer service, pricing optimization, and supply chain management. With the rise of ecommerce and the increasing importance of data-driven decision-making, AI adoption in retail and apparel has accelerated. The industry now relies on AI to enhance the shopping experience, optimize business operations, and gain an overall competitive edge. GlobalData network Packaging Gateway   |   Just Style   |   Just Drinks   |   Just Food Thank you for reading. Please send any news or comments to: consumer.editorial@verdict.co.uk Contact us LinkedIn | Twitter Editorial consumer.editorial@verdict.co.uk Advertise with us Click here About Retail Insight Network retail-insight-network.com is one of a network of 30+ proprietary B2B websites, with an unrivalled global audience of active decision makers, influencers, and opinion leaders across the world with a combined readership of 55 million industry professionals each year.   Was this email forwarded to you? Sign up here GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom Unsubscribe Manage Preferences London