Do you ever fail to trust your instincts? Yesterday I was talking to a friend of mine about Jimmy Choo’s trading update today and I noticed that the company’s shares had dropped to below £1 each. I thought I should buy some as a look round the Jimmy Choo shop in Selfridges a few days…
Another day, another robot story. And more specifically, another Wal-Mart tech story. It seems the US retail giant is now working with Five Elements Robotics to develop a robotic shopping trolley. Five Elements is the company behind Budgee, the $1,400 “friendly robot that carries your stuff,” and its CEO Wendy Roberts mentioned the new project…
“The prevailing sentiment across retailing is that the customer has less interest in shopping in stores, whether it be traditional department stores or other luxury specialty stores.” That’s what Neiman Marcus CEO Karen Katz said yesterday after delivering yet another quarterly drop in same-store sales and profits. That’s a sentiment many would echo at the…
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