Global diamond producer De Beers is testing a system that uses blockchain technology to trace stones from their origin. The system is designed to assure buyers that they are buying genuine diamonds that are authentic and free from conflict.
Bankruptcy filings and liquidation sales don't necessarily mean a retailer will be closing all of its stores -- sometimes the moves allow for such steps as lease renegotiations that let chains keep some stores open. Retailers including Charming Charlie, Gymboree, rue21 and Payless ShoeSource kept many stores open after slimming down during bankruptcy proceedings.
Rep. Jerry McNerney, D-Calif., sent a letter to the CEOs of Intel, Advanced Micro Devices and Arm Holdings, requesting a briefing on the cybersecurity risks posed by the Meltdown and Spectre vulnerabilities in microchips. "I am looking to better understand the nature of these critical vulnerabilities, the danger they pose to consumers, and what steps your companies plan to take to protect consumers," he wrote in the letter.
Retailers are on a mission to innovate, and tech tools are key, according to speakers and exhibitors at Retail's Big Show. The industry is changing and the companies that win will be the ones that realize they are tech firms as well as retail companies, Walmart CEO Doug McMillon said.
NRF has elected BJ's Wholesale Club CEO Christopher Baldwin as its new board chairman. Baldwin, who will serve a two-year term, takes over from Macy's Executive Chairman Terry Lundgren.
Online retail sales grew 14.7% during the holidays to a record $108.2 billion, according to an Adobe Analytics report released at Retail's Big Show. Sales of smartphones and tablets soared on Black Friday and Cyber Monday, and sales grew faster in larger markets than smaller ones, the report found.
Leaders who borrow concepts from stage performances have a better chance of engaging the audience because the crowd becomes part of the story, writes Edmund Chow. Such a presentation requires an antagonist, a protagonist, staging with appropriate props and getting into character, he writes.
Amazon on Tuesday announced the UK release of the Echo Spot, a smaller version of the Echo Show. The Spot has both a camera and a microphone for making video calls, and it uses Alexa for voice control.
To compete with WhatsApp, popular messaging app Hike is offering a service announced as "Total, built by Hike" in India. One of the key features of Total is its ability to run without a data connection, as it uses USSD technology to connect to basic internet services.
Technology has put consumers in control, and retailers are working hard to create new personalized products and experiences, said Laurence Haziot, a global managing director at IBM, during a panel at the National Retail Federation's yearly trade show. Tech took center stage at the show, from robots and artificial intelligence to inventory-tracking smart shelves and fitting rooms.