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Blake Nordstrom, co-president of Nordstrom, dies at age 58 after fight with cancer

Thursday, January 3, 2019, 7:33 AM

Blake Nordstrom, one of the leaders of the Seattle-based Nordstrom retail chain, died on Wednesday in Seattle at the age of 58. His passing comes less than a month after he disclosed that he had been diagnosed with lymphoma. The company confirmed Wednesday's news with a statement online, conveying "deep sadness" over what it called an unexpected passing.
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Artificial Intelligence Offers $340 bn Opportunity in Retail: Study

Wednesday, January 2, 2019, 4:34 PM

The use of Artificial Intelligence (AI) offers about $340 billion (roughly Rs.23.8 lakh crores) cost-saving opportunity for those retail companies that are able to scale and expand the scope of their existing deployments, according to a new global study from French technology services major Capgemini. The study further included an extensive analysis of public data from the world's largest 250 retailers, by revenue.
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China retail sales to grow 9 pct next year

Saturday, December 22, 2018, 7:22 PM

China's retail sales are expected to grow by 9 percent next year, a senior Commerce Ministry official was quoted as saying on Saturday citing forecasts from "relevant research agencies". Wang Bin, the ministry's deputy director of market operations, said the growth in retail sales is forecast to make up some 65 percent of China's total economic expansion next year, China National Radio said.