Author Archives: AccountMate

H&M Retail Chain Uses Accounting Data to Stock 4,288 Stores

Posted on by

by

The retail industry is undergoing another major shift — to e-commerce.

The world’s largest clothing brand is turning to artificial intelligence to win back shoppers, reports The Wall Street Journal (May 8, 2018), as it works to reverse one of the worst sales slumps in its history. H&M retail chain is ramping up its use of data to customize what it sells in individual stores, breaking with its longstanding practice of stocking stores around the globe with similar merchandise. A spike in online shopping has led to fewer customers visiting stores, and digital startups are putting up fierce competition. H&M has repeatedly slashed prices to clear out $4 billion of unsold inventory. Continue reading →

Watch this ship grow 49 feet longer

Posted on by

by

What’s a cruise company to do when it needs a bigger ship? Apparently, just saw it in half and add an extra 49 feet. Silversea Cruises began the lengthening process of its Silver Spirit ship this month as part of a $100 million renovation, USA Today reports (March 20, 2018).

The transformation is currently underway at Fincantieri Shipyard in Italy. This type of lengthening has never before been employed for the extension of a luxury cruise ship. An extension is much cheaper than ordering a brand new ship, which can cost upwards of $1 billion.

Continue reading →

Walmart Dances with Robots

Posted on by

By David Render

walmart

Pittsburgh-based Bossa Nova Robotics Inc. is sending its shelf-scanning robots out to 50 Walmart stores in California, Pennsylvania and Arkansas. The robots are being sent in a real-world use of technology to help Walmart keep its aisles stocked and ready for customers. The robots scan, passes information to the cloud, communicates that data to Walmart’s back-end system and relays that knowledge to store associates to keep store shelves stocked. Continue reading →