Michaels: The Arts & Crafts Retailer Struggling to Stay Afloat
The brick-and-mortar retailer is facing large sales declines due to a slow roll out of their e-commerce efforts.
Retail
Nike: Just do it. Differently!
Nike is responding to the COVID-19 by leveraging its digital resources to connect athletes with customers, strengthening its digital ecosystem and boosting online sales.
“Darlin’, we need a new couch. And desk. And chairs.”
Wayfair – From Covid-19 loser to winner?
Walmart: Using machine learning to reduce food waste
Food waste is a major problem across the globe. Grocery retailers incur significant costs from this wastage, particularly in the produce category. Walmart is taking this problem head-on with analytics using ‘Eden’: a machine learning algorithm that screens produce for quality and freshness. This post explores Walmart's attempts to improve their food waste process with Eden.
Stitch Fix: Your Personal Shopper
Data analytics is at the backbone of Stitch Fix’s business model – a personalised online shopper for men and women. The company has experienced tremendous growth over the last few years.
Nike – just Do it with Data science and Demand sensing
Nike has increased its focus on direct-to-customers strategy and cancelled its contract with Amazon to be able to collect its customer data. Through a series of acquisitions of data analytics and AI-based startups, it plans to use this data to understand customer journey, improve demand predictions at a hyper-local scale and enhance customer experience globally.
AiFi – Making Retail Store Autonomous using AI
AiFi uses AI, machine learning, computer vision and sensor flow to bring a check-out free experience to any retail store concept.
Macy’s: reinventing customer experience through data analytics
Traditional retailers have been significantly impacted by the increasing penetration of e-commerce. Macy’s has focused on developing its data analytics capabilities to survive the fourth industrial revolution.
Craigslist: The remarkable but potentially obsolete success story of the “ultimate platform”
Craigslist, the largest classified advertisement platform in the world, has enjoyed over two decades of largely free offerings connecting "providers" and "seekers" of services and products. Craigslist has long resisted innovation and change to stay true to its simple and free offering, yet as new entrants build competitive value propositions, such mindset and strategy will not only hamper its growth but threaten its very existence.
StockX: The Stock Market for Things
StockX is an e-commerce platform on the rise due to it’s unique stock market approach to resale. Strong network effects, superior platform design, and “sticky” features have and will continue to help StockX grow in the future.