Artificial intelligence solutions from startups Goat and Entrupy are designed to help weed out counterfeit luxury goods, a growing problem for retailers and brands. Goat's platform uses AI to determine the authenticity of sneakers, and Entrupy focuses on luxury handbags.
Former employees of Toys R Us are expected to file a request with the bankruptcy court to give their severance claims the same priority as suppliers, lawyers and financial advisers during the liquidation process. The request, which requires court approval and could face opposition by creditors, covers about 33,000 former employees.
Amazon's apparel sales are forecast to hit nearly $40 billion this year, and the company could be on track to become the country's top clothing seller by the end of the year, according to some analysts. By the end of 2018, Amazon is expected to command 38.5% of online apparel sales, according to eMarketer.
Walmart is expected to move executives from other countries to India to lead finance, legal and compliance departments after it finishes acquiring a 77% stake in online retailer Flipkart, sources said. The retailer, which already operates wholesale stores in India, has been focusing on reinforcing compliance with the US Foreign Corrupt Practices Act.
Amazon has become a key sales channel for sporting goods retailers and brands, a shift that has driven sales growth for many while also creating new challenges, especially when it comes to controlling prices. Some outdoor gear brands share insights after working with the e-commerce giant.
The UK government has named a panel of retail experts to gather feedback from consumers in order to help communities revamp their high streets amid changing times for retail. Sir John Timpson, chairman of shoe repair company Timpson, will head the group.
The "do-it-for-me" segment of the US home remodeling and renovation industry is worth more than $200 billion annually -- but it's fragmented among countless local professionals and small companies. Gary Kusin, chairman and CEO of TreeHouse, a sustainable home improvement company, is on a mission to transform the industry and emerge as the market leader. Learn more.
Blockchain can help the online fashion industry process returns and refund consumers faster thanks to its digital records and decentralized ledger of transactions, writes Alycia Gordan. The technology can also provide authentication for luxury brands, which helps with resales, Gordan adds.
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