27
November

How A.I. Will Change Online Shopping for Google, J. Crew

By avi maxwel / in , , , , , /

While one may think that the breadth of online shopping options would mean that everyone is equally represented, those with experience trying to find an item online know that isn’t really the case. In fact, Lilian Rincon, Senior Director of Product Management at Google Shopping, claims that 50% of people don’t feel represented when shopping online.

She said this statistic as part of a panel at Austin’s SXSW festival. Alongside Danielle Schmelkin, Chief Information Officer at J.Crew Group, Rincon said that companies like Google are trying to change the shopping experience using Artificial Intelligence. Doing this, she says, can help answer concerns of shoppers and promote inclusivity.

For example, Rincon says that companies like Google are creating features that allow shoppers to better understand the products being offered, especially in the area of fashion. To that end, Google recently debuted a generative AI-powered virtual try-on feature that allows customers to see items on a variety of body types.

“We take one image from a merchant… A user chooses a model, and we can actually superimpose what that product would look like on the real model,” summarizes Rincon. “We’re thinking a lot about personalization (and) tailoring the experience.”

While the diffusion

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26
November

JCPenney spending $1 billion on store, online upgrades in latest bid to revive business

By avi maxwel / in , , , , , , , , , /

NEW YORK — JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain.

The money is going toward remodeling Plano-based JCPenney stores, upgrading its online shopping site and app, and making its supply network more efficient so that online orders are delivered more quickly.

JCPenney’s CEO Marc Rosen, who took the company’s helm in November 2021 and has served as an executive at Levi Strauss and Walmart, is renewing the chain’s focus on its core middle-income shoppers with affordable fashion and housewares.

The $1 billion will be self-funded. It’s coming from cash flow that the business is generating and not from its owners, Rosen said. JCPenney was purchased out of bankruptcy in late 2020 by its largest landlords mall companies Simon Property Group Inc. and Brookfield Property Partners LP.

D-FW Retail News

The latest on retail openings, closings and trends in D-FW.

JCPenney signals stability with move back into old Plano headquarters

“Now is the time more than ever to lean into that and make sure that we’re delivering that experience for our customer,” Rosen said in an interview with

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13
November

How AI Shields You From Scammers While Shopping Online

By avi maxwel / in , , , /

Mumbai: Many of us now prefer online shopping owing to bumper discounts and other sale offers. And, we flock to e-commerce portals more during the holiday season. According to a report by PricewaterhouseCoopers, five out of every ten Indian consumers continually track the product prices and review via mobile phones or social media and just three in every ten Indians are willing to buy directly from the brand.

However, the comfort of shopping at a click also has a great peril which is the lurking danger of cyber criminals who may be prying on your every scroll. To give you a safe shopping experience, several fraud risk management companies use artificial intelligence (AI) to shield you from scammers.

Fraud risk management firms use AI to protect against scams

One such company is mFilterIt, which works with OnePlus and Zee. The firm’s co-founder and Chief Executive Officer, Amit Relan, explained how the sophisticated technology keeps cyber fraudsters at bay. “AI-powered solutions help brands detect and prevent fraudulent activities. For example, AI can learn to spot unusual patterns in behavior or transactions that traditional systems might miss”. It can even analyse emails, social media posts or chat messages to find phishing attempts.

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11
November

Amazon Prime Day Leads Biggest Online Shopping Days Ever, Up 6%

By avi maxwel / in , , , , , , , /

Amazons
AMZN
announced the company had its biggest Prime Day event ever, driving consumers to spend online. Prime members purchased more than 375 million items worldwide and saved more than $2.5 billion on millions of deals across Amazon’s extensive product line. “The first day of Prime Day was the largest sales day in Amazon’s history, and Prime members saved more this year than any other Prime Day event,” said Doug Herrington, CEO of Amazon Stores.

On the first day of Prime Day 2023, more deals were offered than on any other Prime Day, with home, fashion, and beauty among the top-selling deal categories. Top selling individual products including Fire TV Stick, LANEIGE
IGE
Lip Glowy Balm, Apple AirPods, and Bissell Little Green Portable Deep Cleaner.

Invitations only deals worked well

Amazon used its invite

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04
October

Amazon turns to AI to help customers find clothes that fit when shopping online

By avi maxwel / in , , , , , , , /

After recently turning to generative AI to enhance its product reviews, e-commerce giant Amazon today shared how it’s now using AI technology to help customers shop for apparel online. The company explains it’s now using large language models, generative AI and machine learning to power four AI-powered features that will help customers find clothing that fits — an ongoing challenge when shopping online and the leading cause for apparel returns.

According to a study by Coresight Research, the average return rate for clothing ordered online is 24.4%, which is eight percentage points higher than the overall online return rate. In addition, retailers and brands said online returns had grown over the past two years. Often, that’s in part because today’s consumers will buy an item in multiple sizes or colors and then return those that don’t work out, as the process of home try-ons and shipping items back has become easier.

To address this challenge, Amazon has introduced AI into the online shopping experience in four ways: in personalized size recommendations, a “Fit Insights” tool for sellers, AI-powered highlights from fit reviews left by other customers and reimagined size charts.

With the personalized size recommendations, Amazon Fashion used AI

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