Global Scans · Retail · Weekly Summary

• [New] Beyond the healthcare industry, Cognizant and Microsoft will prioritize applications across industries such as retail and consumer goods, financial services, life sciences, manufacturing and communications and media. News | Cognizant Technology Solutions
• [New] New York is now designating the assault of a retail worker as a new, separate crime that will be classified as a Class E felony to protect workers and the stores they work in. NYSenate.gov
• [New] Bitcoin ETFs might have attracted significant capital inflows into Bitcoin, but very few traditional banks and institutional investors have poured their money into them, with the retail sector being responsible for most inflows. Invezz
• [New] Retail e-commerce sales are projected to see a notable increase, with one report forecasting a growth of 8.8% in the year 2024 alone. Boyd Hampers
• [New] Both retail innovation leaders and laggards expect to increase how much they invest in innovation in the next three years; leaders anticipate spending 38% more, while laggards will spend only 8%. BCG Global
• [New] Both retail innovation leaders and laggards expect to increase innovation investments through 2027, leaders by 38% and laggards by only 8%. BCG Global
• [New] The Verge points out that many of the third-party app stores that Apple will have to allow on its devices in Europe will offer game emulators. BGR
• [New] The growth of online shopping shows no signs of slowing, with e-commerce sales projected to reach 23% of total retail sales globally by 2027. Passle
• [New] Updated lighting, new signage and digital wayfinding will join immersive retail experiences to enhance in-store shopping and help customers embrace Walmart's endless aisle. PR Newswire
• [New] For repair shops, Apple writes that service providers will no longer need to provide a device's serial number when ordering parts from the Self Service Repair Store for repairs not involving replacement of the logic board. Gizmodo
• [New] Companies from a variety of sectors, ranging from infrastructure to retail and technology, could launch IPOs in 2024. White & Case
• [New] While the economic impact of the Suez Canal disruptions from the Middle East conflict has been limited, sectors like automotive products, fertilizers, and retail have seen the effects of delays and higher freight costs. Mint
• [New] EU lawmakers voted to slash 40% of the food waste generated by households, retailers and restaurants by 2030, while toughening rules on textile waste linked to so-called fast-fashion. European Newsroom
• [New] Threat actors could leverage the apps, all of which have already been removed from the Google Play Store, to conceal a variety of cyberattacks. SC Media
• [New] As 2024 projected budgets become reality, many retailers see the need to manage supply chain costs. Ryder Website
• [New] Among consumers in Mexico cards are slowly displacing cash for in-store purchases and may provide a digital payments on-ramp that will boost online and omnichannel purchases. PYMNTS.com
• Over the next three years SmartFish Inc plans to expand from one retail store to 10 stores in Mexico City and other major cities. MIT SOLVE
• Retail media is expected to make up one-fifth of worldwide digital ad spend in 2024, reaching $140 billion. Digiday
• Although Amazon's proposition is likely to surprise people who are expecting more innovation in physical retail. The Interline
• Apple decreed that 3rd-party apps could only be installed via the App Store, which would review every app; free apps would not have to pay anything, while Apple would take 30% of paid apps. Stratechery by Ben Thompson
• As the world continues to embrace digital commerce, ecommerce sales are projected to soar to new heights, comprising a significant portion of total retail transactions. Mobile Marketing Reads

Last updated: 25 April 2024