Latest Retail Updates: 13 July 2023

Walmart's Scan & Go technology:

This technology uses a combination of cameras and sensors to track what items customers are picking up and putting back on the shelves. Customers can then scan a QR code on their phone to pay for their purchases without having to wait in line. This technology is still in the testing phase, but it has the potential to revolutionize the way people shop.

Amazon Style:

This new physical clothing store from Amazon uses a variety of technologies to help customers find the perfect clothes for their needs. For example, customers can use a touchscreen to scan their body and see how different clothes would fit them. They can also use augmented reality to try on clothes virtually. Amazon Style is still in the early stages, but it has the potential to change the way people shop for clothes.

Target's same-day delivery service:

This service allows customers to order items online and have them delivered to their homes or offices within the same day. Target is expanding this service to more than 100 cities, which will make it even more convenient for customers to get the items they need.

Nordstrom Local:

These new stores from Nordstrom are smaller than traditional Nordstrom stores and focus on convenience and service. They offer a variety of services, including same-day pickup, returns, and alterations. Nordstrom Local is still in the early stages, but it has the potential to appeal to a new generation of shoppers.

The Gap's store closures:

The Gap is closing 300 stores as part of a restructuring plan. This is a sign that the retail industry is still facing challenges, as more and more people are shopping online. The Gap is not the only retailer that is closing stores, as many other chains are also struggling.