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Optimism despite disruptive forces in retail sector: WTW’s Global Retail Survey

Retrieved on:

Thursday, March 7, 2024

Social media, GameChanger, Artificial intelligence, AI, WTW, Retail, Electronics, DIY, Social commerce, Food, Risk, Internet, Health, Supermarket, Optimism, Beauty

But they face growing risks in a highly challenging and complex market, driven by disruptive forces such as social commerce, artificial intelligence (AI) and the metaverse, according to WTW’s Global Retail Risk Outlook 2024 .

Key Points:

But they face growing risks in a highly challenging and complex market, driven by disruptive forces such as social commerce, artificial intelligence (AI) and the metaverse, according to WTW’s Global Retail Risk Outlook 2024 .
Surprisingly, that includes 7% of online pure-play businesses, who have no physical footprint today.
: Artificial intelligence is viewed as a pivotal opportunity, with 48% expecting it to revolutionise retail operations.
“However, it is fascinating that despite so much commentary regarding the demise of physical retail, even purely on-line companies, see their future as including some element of physical retail space.”

Consumers Pressing Pause on Major Kitchen Retail Spending in Favor of Do-It-Yourself Improvements, Reports Circana

Retrieved on:

Thursday, February 29, 2024

Growth, DIY, Consumer, Appetite, Video game

CHICAGO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- CHICAGO — Feb. 29, 2024 — In 2023, kitchen and bath purchases accounted for 13% of U.S. home improvement retail spending.

Key Points:

CHICAGO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- CHICAGO — Feb. 29, 2024 — In 2023, kitchen and bath purchases accounted for 13% of U.S. home improvement retail spending.
“Amid economic challenges and following a bathroom boom during the pandemic, consumers have scaled down their home improvement efforts,” said Joe Derochowski, home industry advisor at Circana .
Overall, home improvement retail spending increased 2% in 2023 compared to the prior year but was 6% above 2020.
Kitchen and bath consumers in this age group spent a larger percentage of their money on lawn and garden and hardware products.

Consumers Pressing Pause on Major Kitchen and Bath Retail Spending in Favor of Do-It-Yourself Improvements, Reports Circana

Retrieved on:

Tuesday, February 27, 2024

Growth, DIY, Consumer, Appetite, Video game

CHICAGO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- CHICAGO — Feb. 27, 2024 — In 2023, kitchen and bath purchases accounted for 10% of U.S. home improvement retail spending.

Key Points:

CHICAGO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- CHICAGO — Feb. 27, 2024 — In 2023, kitchen and bath purchases accounted for 10% of U.S. home improvement retail spending.
Year-over-year retail unit sales and revenue from kitchen and bath products declined 4%.
Overall, home improvement retail spending increased 1% in 2023 compared to the prior year but was 3% above 2020.
Kitchen and bath consumers in this age group spent a larger percentage of their money on lawn and garden and hardware products.

Gentex’s HomeLink Brand Expands To Provide Smart Home & Security Systems

Retrieved on:

Tuesday, February 27, 2024

International, National Association, GNTX, Las Vegas Convention Center, HomeLink Wireless Control System, Temperature, Smoke, DIY, Carbon, Alarm.com, VOC, Wi-Fi, IBS

“The addition of smart home and security devices to our product offering is a natural evolution of the HomeLink platform.”

Key Points:

“The addition of smart home and security devices to our product offering is a natural evolution of the HomeLink platform.”
Today’s smart home and security market is fragmented, with many consumers frustrated by compatibility issues and the challenge of managing multiple device platforms.
To alleviate these issues and provide a seamless user experience, Gentex is partnering with Alarm.com, an award-winning smart home and business security platform offering security, video, intelligent home automation, energy management, and wellness solutions.
Gentex plans to add the HomeLink Smart Home Connector to its HomeLink Smart Home Solutions product lineup later this year.
From the HomeLink web site , consumers can either purchase starter HomeLink Smart Home Solutions packages for DIY installation, or work with a HomeLink consultant to build a custom package and have it installed professionally.

Simple HealthKit Launches Expanded Kidney Health Evaluation for Patients with Diabetes (KED) Program to Help Payers Improve Patient Health, Boost STAR Ratings & Meet HEDIS Measures

Retrieved on:

Monday, February 26, 2024

Chronic kidney disease, HEDIS, Social, Dialysis, Simple, KED, DIY, Government, STAR, Conference, University, Risk, CKD, Medicare, ViVe, Patient, Health (Apple), Kidney, Kidney failure

At the heart of the program is Simple HealthKit’s new Expanded Kidney Health Test, which evaluates kidney function and kidney damage, and is available via in-clinic or at-home settings.

Key Points:

At the heart of the program is Simple HealthKit’s new Expanded Kidney Health Test, which evaluates kidney function and kidney damage, and is available via in-clinic or at-home settings.
Diabetes is the leading cause of chronic kidney disease (CKD)—about 1 in 3 adults with diabetes have CKD.
At-home kidney health tests could drastically reduce Medicare expenditures associated with CKD, while boosting Star Ratings, and satisfying KED HEDIS® measures for MY2024.
Simple HealthKit already works with multiple payers across the U.S. including government agencies, universities and private healthcare plans like Imperial Health.

DefiQuant Announces Custom Algorithm Development for Personalized Trading Strategies

Retrieved on:

Monday, February 19, 2024

Crypto, Algorithm, DIY, Environment, Cryptocurrency

This new offering empowers traders to design, test, and deploy their personalized trading strategies, utilizing the power of automated trading bots.

Key Points:

This new offering empowers traders to design, test, and deploy their personalized trading strategies, utilizing the power of automated trading bots.
Allen Heery, Media Representative for DefiQuant, shared his insights on this groundbreaking development: "We're thrilled to unveil our Custom Algorithm Development feature, a tool we believe will empower our users like never before.
From seasoned traders looking to fine-tune their strategies to newcomers eager to explore the possibilities of crypto trading, DefiQuant’s custom algorithm development service offers something for everyone.
As DefiQuant continues to lead the way in innovative trading solutions, its Custom Algorithm Development feature is poised to set a new standard in the industry.

Chip Gaines Announced as Bobcat Company’s New Brand Ambassador

Retrieved on:

Wednesday, March 6, 2024

Through this partnership, Gaines is excited to showcase his love for the Bobcat brand to his audience.

Key Points:

Through this partnership, Gaines is excited to showcase his love for the Bobcat brand to his audience.
These values line up perfectly with the Bobcat brand,” said Laura Ness Owens, Bobcat vice president of brand and marketing.
To learn more about other Bobcat brand ambassadors and for more information about the partnership with Chip Gaines , please visit bobcat.com.
Media Resources: To download high-resolution photos featuring Chip Gaines and Bobcat equipment, please use this Dropbox link .

Manhattan Unveils First Unified Commerce Benchmark for Specialty Retail in Europe

Retrieved on:

Tuesday, March 5, 2024

Manhattan Associates Inc. (NASDAQ: MANH) today announced the findings of the industry's first real-world analysis of Unified Commerce in specialty retail in Europe conducted in partnership with Google Cloud and Zebra Technologies.

Key Points:

Manhattan Associates Inc. (NASDAQ: MANH) today announced the findings of the industry's first real-world analysis of Unified Commerce in specialty retail in Europe conducted in partnership with Google Cloud and Zebra Technologies.
The Unified Commerce Benchmark for Specialty Retail, conducted by Incisiv via actual shopping transactions, assessed three retail verticals (apparel and footwear, home and DIY, and luxury), and five countries (France, Germany, Italy, UK, and the Netherlands).
The Unified Commerce Benchmark for Specialty Retail in Europe conducted by Incisiv , assessed 50 retailers, analysing 290+ customer experience capabilities in four categories including: search and discovery; cart and checkout; promising and fulfilment and service and support.
Of the 50 retailers benchmarked, four brands emerged as overall leaders in Unified Commerce: Adidas, H&M, Leroy Merlin and M&S.

Cricut Finds 71% of Women Draw Inspiration and Feel Empowered by Other Women

Retrieved on:

Monday, March 4, 2024

Cricut commissioned a survey of more than 3,000 women aged 25-55 in the U.S. and found that 60% of women feel overwhelmed with their various roles and daily responsibilities.

Key Points:

Cricut commissioned a survey of more than 3,000 women aged 25-55 in the U.S. and found that 60% of women feel overwhelmed with their various roles and daily responsibilities.
The Cricut experience is far from limited, just like the different roles we play daily as women.”
Key takeaways from the survey include:
Women are drawing inspiration from each other: with 71% reporting they draw inspiration from and feel empowered and supported by other women.
Younger generations are among the highest, with 76% aged 25-35 drawing inspiration from and feeling empowered and supported from other women, compared to 69% of women aged 36-45 and 66% of women aged 46-55.
85% of women who parent would like to spend more time practicing self-care, compared to 73% of women who are non-parents.

Rust-Oleum Presents Satin French Blue as its 2024 Spray Paint Color of the Year

Retrieved on:

Monday, March 4, 2024

Chemicals, Plastics, Construction & Property, Manufacturing, Interior Design, Creativity, DIY, Multimedia, Life, Rust-Oleum, Interior design

Rust-Oleum, a leading innovator in coatings and paints, unveiled Satin French Blue as its Spray Paint Color of the Year for 2024.

Key Points:

Rust-Oleum, a leading innovator in coatings and paints, unveiled Satin French Blue as its Spray Paint Color of the Year for 2024.
View the full release here: https://www.businesswire.com/news/home/20240304299526/en/
"In a complex world where time seemingly flies by, Satin French Blue serves as a tranquil oasis," said Lindee Katdare, creative producer and in-house DIY expert at Rust-Oleum.
Accompanying Satin French Blue, Rust-Oleum presents a captivating palette featuring Satin Ink Blue, Satin Wildflower Blue, Gloss Dreamy Lavender, Chalked Tate Green, Satin Sapphire, and Vintage Gold.
Whether it’s illuminating a window bay, adding a pop of color to your patio arrangement or enhancing an accent piece in your home, Satin French Blue redefines the concept of blue sky thinking.