Why is Overstock.com Changing its Name to Bed Bath & Beyond?
Overstock.com is all-in on its Bed Bath & Beyond acquisition.
H&M adding third-party brands to attract shoppers
H&M is adding more third-party brands to its stores and websites to attract more paying customers. The Swedish retailer launched its marketplace strategy last year to help it compete against rivals including ASOS, Shein, Temu and Zara. H&M has added 70 outside brands to its platform in six markets. The retailer reported better-than-expected profits in…
Will DoorDash Drivers Go For Its Hourly Pay Option?
DoorDash said yesterday that it is giving its drivers (AKA Dashers) the option of continuing to be paid per delivery or choosing to receive a minimum hourly wage instead.
OpenAI faces lawsuit over ChatGPT’s use of people’s data
A lawsuit against OpenAI, the company behind ChatGPT, claims that it violates people’s copyrights and personal privacy across the Internet when it uses scraped data to make its technology smarter. “All of that information is being taken at scale when it was never intended to be utilized by a large language model,” said Ryan Clarkson,…
Retail associates adapt to use AI tools
Retail associates are initially reluctant to embrace recommendations from artificial intelligence technology when performing their jobs. Most come to learn the benefits of the new tech but communication is key, according to companies such as Sam’s Club that use AI to improve in-store performance. “We work with our associates to show that the machine is…
Melinda Gates said more female computer scientists needed to combat AI gender bias
Philanthropist Melinda French Gates says that technology firms need to onboard more women if it is serious about combatting gender bias in artificial intelligence tech. “I’m very nervous because we don’t have enough women, again, who are computer scientists, and who have expertise in artificial intelligence and without that, we will bake bias into the…
Retailers deploy facial recognition tech to thwart thieves
Stores in the UK are utilizing facial recognition technology to identify and ban shoplifters from entering their locations in the future. The technology, which has seen its price drop and performance improve in recent years, is becoming more attractive to retailers who feel they are fighting a losing battle against organized retail crime gangs.
Gen Z is taking on debt and that’s good in many cases
Gen Zers (Americans between 18 and 26) have seen their debts increase nearly threefold in the past two years, according to a Lending Tree analysis of credit reports. Some of that added debt is just a consequence of aging and establishing higher credit scores. “Yes, they’re taking on debt, but they’re doing so with the…
New York goes after unlicensed cannabis shops
New York has begun inspections to identify and shutter unlicensed stores selling cannabis without much success. Authorities have issued violation notices and confiscated contraband marijuana at 11 storefronts in Manhattan operating with a license. Eleven of those have remained open. “To the citizens that want us to go out and padlock on day one: We…
DoorDash gives drivers the option to get paid by the hour
DoorDash is shaking up its business model to give delivery drivers the option of being paid an hourly minimum wage instead of being paid by the order. The new hourly rate only applies to active delivery time and drivers are not paid for the time they wait for orders to deliver. DoorDash said it is…
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