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Walgreens Divests Wholesale Business for $6.5 Billion to Focus on Retail Offerings

Retail TouchPoints

The transaction will let Walgreens focus on its core retail pharmacy businesses, expand its offerings and accelerate progress on strategic priorities. distribution agreement will be extended by three years, until 2029, and the partnership now includes a commitment to pursue additional opportunities in sourcing and distribution.

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How AI Model Testing and Monitoring Protect Retailers’ Bottom Lines

RIS News

According to the World Economic Forum, retail spending on AI is predicted to grow from $4.9B in 2021 to $52B by 2029. Artificial Intelligence and Machine Learning (AI/ML) have the potential for far-reaching impact on retailers and brands.

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Walmart announces ambitious 5-year store plan

RetailDive

The retailer aims to build or convert more than 150 locations by 2029 and remodel 650 stores during the next 12 months.

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Coach CEO Q&A: New Las Vegas Fulfillment Center will Reduce Delivery Times by 50%+

Retail TouchPoints

The facility, which currently employs 200 full- and part-time employees, is expected to require an additional 400 full-time workers by 2029. Retail TouchPoints (RTP): Why did Tapestry need another fulfillment center in addition to its existing one in Jacksonville, Fla.? Designed to distribute 22.2

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AWS to Invest an Additional $7.8B to Expand Ohio Facilities

Retail TouchPoints

trillion by 2029, according to Fortune Business Insights. The news comes as Amazon’s Web Services (AWS) division looks to grow its reach in the cloud-computing space, demand for which is expected to grow exponentially with advancements in AI and machine learning. Salesforce , Google Cloud and IBM round out the top five.

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The Post-Pandemic Fashion Industry Makeover

Retail TouchPoints

The resale market is set to hit $36 billion by 2024, growing at 39% CAGR (versus overall retail at approximately 2% pre-pandemic). Gen Z and millennial shoppers are driving the fashion resale growth, with the market projected to grow to almost twice the size of fast fashion by 2029. The New Look of Fashion Retail.

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Exploring the NBA’s Latest Highlights, Trades, and MVP Contenders

365 Retail

The only option for Sacramento to leverage its 2027 and 2029 draft picks in a trade would be by ensuring the 2025 pick delivery to Atlanta is unobstructed. The post Exploring the NBA’s Latest Highlights, Trades, and MVP Contenders appeared first on Retail News and Events.

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