“Pattern recognition… is the fundamental capability of the human brain. We can’t think fast enough to logically analyse situations quickly, so we rely on our powers of pattern recognition.” Ray Kurzweil, author, inventor and director of engineering at Google, believes that the human brain is built on from a hierarchy of pattern recognisers that are responsible for most aspects of human thought
Let the jockeying begin: Amazon will make a final decision this year after a deeper dive into each city's potential.
There are takeaways and tips aplenty from NRF's Big Show this week. Here, retail leaders share their thoughts and priorities for the year to come.
A “transformational and challenging year” for Maplin has seen its pre-tax losses widen despite an increase in sales. According to accounts recently filed at Companies House, Maplin recorded a pre-tax loss of £3.9 million for the year ending March 31, 2017, up from £2.1 million in the year prior.
Sales at the parent company of John Lewis and Waitrose grew over Christmas, but it warned profits will take a hit as it tries to remain competitive. The John Lewis Partnership said sales were up 2.5 per cent year-on-year to £1.96 billion in the six week period ending December 30, which included both Christmas and Black Friday trading periods.
Shoe Zone has reported a drop in revenues in its preliminary full-year results as it continues efforts to turn its fortunes around following disastrous results last June. In the 52 weeks to September, revenues slipped 1.2 per cent to £157.8 million, while pre-tax profits dropped 8.4 per cent to 9.5 million
December gifted shoppers with the fastest rate of deflation in nine months, following months of shop prices “teetering on the edge of inflation”.
Topshop/Topman is reportedly going to open its first Chinese bricks-and-mortar store in Shanghai during autumn this year. According to the Fashion Network , the British fashion retailer’s first store in China will span approximately 36,600sq ft and will be located on Huaihai Middle Road. READ MORE: Topshop appoints Anthony Cuthbertson as design director Work on the new flagship had already begun, and it is slated open in September.
Macy's is closing nearly a dozen stores early this year.
From renewed investment in brick and mortar to a growing appetite for acquisitions, here's what to expect in the year ahead.