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

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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

Walmart Dances with Robots

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

Adidas Automates to Make Shoes Faster

By Barry Render

In a production hall as clean as a hospital, pea-size beads of white plastic pour into what looks like a minivan-size Adidas shoe box, complete with 3 white stripes down the side. That’s fitting, because in just a few seconds the machine heats and molds the stuff into soles of Adidas running shoes, with only one worker needed to wedge in pieces of plastic called stability bars. This is Adidas AG’s “Speedfactory,” where the shoemaker aims to prove it can profitably produce footwear in high-cost, developed economies, reports Businessweek (Oct. 9, 2017). Continue reading

How to Save Up to 43% on Credit Card Processing Fees

August 9, 2017

By Josh Dudman

After paying merchant processing fees, how much of each transaction do you actually get to keep? How much of a difference would it make to your income if you could lower your merchant processing fees by as much as 1.50%? Now you can. Today’s handy guide helps you discover how Level 3 Processing increases your profits, without any extra work.

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Location Decisions and Incentives

March 28, 2017

When Elyria Mayor Holly Brinda learned that Riddell Inc. was looking to leave this small Ohio city, she came up with a $14 million package of tax incentives and offered to lease land to the company for $1 a year. It wasn’t enough. Riddell, which makes the football helmets used by NFL and college players, decided to move its 320 employees just over 2 miles down the road to a neighboring town, which offered its own bundle of incentives and lower corporate and individual income-tax rates. Continue reading

Using Drones to Take Inventory at Walmart

by Barry Render

drone work in classic warehouse 3d image

Soon, the labyrinthine aisles at Walmart’s distribution centers — stocked high with canned beans, toys and many other products — could also have a low humming sound. The country’s largest retailer, reports Supply & Demand Chain Executive (June 6, 2016), is testing the use of flying drones to handle inventory at its large warehouses, which supply the thousands of Walmart stores throughout the nation. In 6-9 months, the machines may be used in its distribution centers.

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Google’s Self-driving Technology Creates a Revolution in Material Handling

March 24, 2016

ottoA swarm of robots will soon be overtaking John Deere’s Wisconsin  plant, reports New Equipment Digest (March, 2016). A fleet of new-generation AGVs will begin zipping through the lanes of the company’s assembly line, hauling parts and materials across the plant in an efficient, automated buzz. On the face of it, there is nothing too exciting about this news. Automated Guided Vehicles have been scurrying around pla Continue reading