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Kroger is rapidly evolving from a traditional brick-and-mortar supermarket chain into an omnichannel and digital commerce retailer. The company, which is the second largest retailer in the U.S. after Walmart, generates more than $100 billion in annual revenue and continues to grow the Kroger brand's digital presence while exploring how to connect and serve customers in a digital world.
Of all the predictive analytics in the world, the one retailers could make the most everyday use of is better weather forecasts. They may be coming. IBM has formed a data partnership with the Weather Company, parent of the Weather Channel, as part of its $3 billion investment in a new Internet of Things business group.
Cellphones, batteries and connecting cables aren't the only things up for grabs as RadioShack's going-out-of-business sale winds down. The company also has millions of customer names and emails at its disposable, and, with that information, a sizeable amount of potentially valuable consumer data.
Retail technology is among the hottest topics in the tech world, but is still in its infancy. This was made exceedingly clear after a recent trip to SXSW Interactive, where sessions and presentations about retail technology in general, and mobile retail in particular, took center stage.
Kirkland's Home, a 337-store home decor retailer in 35 states, has implemented a customized advanced fashion assortment program that will improve its merchandise financials, location and item planning.
The mass market is still recovering from its latest bout with "The Bright Shiny Object Syndrome." It comes down with this fever every time a new technology product catches its fancy. The symptoms are excessive hype, excitement and preoccupation until the next hot thing comes along.