Some of the headlines in today’s podcast:
Soaring merchandise stockpiles and record high transportation and fuel costs prompted Target to cut its outlook for operating profit to about 2% of sales this quarter. It is also looking to right-size its inventory, meaning marking down more merchandise and canceling orders from vendors.
Meanwhile, Walmart is looking to transform its supply chain network and prepare for growth with new high-density automated centers.
Instagram, Google and Amazon keep experimenting with physical stores, as they broaden the appeal by offering shoppers the ability to touch and feel items.
Retailers are embracing the opportunities and experimenting with the technologies to bring the experience for customers to the next level