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A Canadian woman who revived a candy bar as a side hustle had to give 133,000 away for free

Sat, 04/22/2023 - 12:00

Tech Insider

Last June, Crystal Regehr Westergard received about 5,500 boxes containing 133,000 Rum & Butter chocolate bars.
Crystal Regehr Westergard

Retail, News, Weekend BI UK News, Candy, chocolates, Chocolate, Cadbury

Ikea is spending over $2 billion to open 8 new US stores, with an eye on locations in the South, plus 9 design centers

Fri, 04/21/2023 - 14:23

Tech Insider

Man pushes cart with boxes in parking lot of Ikea store — Jakub Porzycki/NurPhoto via Getty Images

Retail, News, ikea, Big-box stores, IKEA store, Store closings, furniture

Walmart says its CEO earned 933 times its median employee's pay last year

Fri, 04/21/2023 - 13:54

Tech Insider : Economy

Walmart president and CEO Doug McMillon — Walmart CEO Doug McMillon had more than $25 million in total compensation in the fiscal year that ended in January 2023.
Rick T. Wilking/Getty Images

Retail, News, economy, walmart, Wages, Employees, labor

Meet the 71 Black women who raised $1 million or more in VC funding since 2021

Fri, 04/21/2023 - 12:43

Tech Insider

Ami Colé founder Diarrha N'Diaye — Diarrha N'Diaye, founder of Ami Cole.
Katherine Pekala

Small Business, Entrepreneurship, Tech Insider, Features, VC funding, Black Women, Voices of Color

ChatGPT and Retail: Reality, Hype, What's Next, and How to Prepare

Fri, 04/21/2023 - 12:00

Tech Insider : Technology

ChatGPT, a language model developed by OpenAI, has fast become one of the biggest buzzwords in retail. The model, launched as a prototype in November 2022, is the latest iteration of the AI technology promising to revolutionize ecommerce. But retailers remain cautious over its potential pitfalls, especially concerning direct interactions with customers. So where exactly will ChatGPT, and generative AI broadly, have the greatest impact in retail, and what are the most and least promising use cases for the technology?