Global Scans · Retail · Weekly Summary

• As part of the strategic partnership, Digital Turbine will invest ten million dollars in ONE Store, and will embed its innovative SingleTap technology across ONE Store's footprint of 40+ million devices in. MarketScreener
• As U.S. manufacturers and retailers seek to diversify sourcing strategies to minimize supply chain risk, nearshoring is expected to continue growing, creating the opportunity for higher volumes of cross-border, over-the-road shipments. SupplyChainBrain
• Apple has officially announced that it will allow iOS app distribution outside the App Store and payments outside the App Store in the EU after being designated as a gatekeeper under the EU's Digital Markets Act. GIGAZINE
• Japanese retail investors are channelling significant funds into Indian equities, fueled by speculation that India might emerge as the next economic powerhouse akin to China. Inventiva
• Volvo posted a rise in fourth-quarter revenue, driven by higher volumes and said it expects the growth rate in retail sales to increase in 2024 as long as there are no major disruptions. MarketScreener
• Retail giants like the Shoprite Group have leveraged machine learning models to predict sales at their stores. TechCentral
• Facing weak demand in the United States and Europe, retailers and manufacturers are looking for new markets or for new sources to de-risk their supply chains. Logistics Management
• Investors looking for stocks poised to perform well in 2024 might want to consider industrials - companies that make stuff that manufacturers use to make stuff ultimately purchased by commercial and retail customers. MedicalEconomics
• The NRF 2024 Big Show served as a clear indicator that the future of retail and food service will be heavily influenced by the strategic implementation of digital signage, integrating technology with customer engagement to create more responsive, efficient, and profitable business models. Creative Realities Inc.
• Starting in April, all US store managers will receive as much as $20,000 in Walmart stock every year, as the world's largest retailer seeks to attract and retain staff. Daily News
• Circle K plans to open more than 60 new stores across Wisconsin as part of a broader strategy to open 500 new stores, mainly in North America, over the next five years. NACS Daily
• We will see an increase in the price of beef at retail, even after seeing some record highs this past year. GOBankingRates
• The ever-increasing popularity of social media will demand even more attention in 2024 from online retailers to protect brand reputation and retain customer loyalty. Total Retail
• Gartner advises a cautious approach, especially for systems that handle sensitive data or pose a higher risk, for example, systems that manage financial transactions, store sensitive personal data (like healthcare records), etc. Security Boulevard
• Developers will be able to use third-party payment providers inside apps offered by the Apple App Store for free, and will pay a reduced commission of up to 17% for in-app goods and services. Wired
• By 2025 the world will store 200 zettabytes of data, and if nothing changes, companies will continue struggling to harness the tremendous volume of data at their disposal. Dataversity
• New data privacy initiatives across the US will not only impact organizations that collect, store, share or sell consumer data, but will send ripples through the digital advertising ecosystem. The Drum
• Could add $1.5 trillion to the global economy by 2030, and create millions of jobs across various sectors, such as health care, education, retail and manufacturing. Business Record
• Monetization of Physical Stores through Retail Media Networks: In the wake of Amazon's retail media success, many brands started eyeing the lucrative opportunity their digital real estate could offer. McMillanDoolittle - Transforming Retail
• China's biggest online retailer's JD.com has signed a deal with delivery firm Evri which will give UK brands greater access to its vast customer base. Retail Gazette
• With aggressive store openings set to continue in 2024 and overall sales growth expected to remain strong, Starbucks is anticipated to deliver total sales of $39.48 billion in Fiscal 2024, up 9.8% versus last year. Yahoo Finance

Last updated: 08 February 2024