AI news and archive

1/3 of Retail executives to adjust pricing over tariffs concerns

Concerns over tariffs have yet to be calmed, as US consumers and retailers alike remain pessimistic in regard to the impact of rising prices. 27 percent of US consumers polled by TransUnion, a credit reporting agency, expressed worry about their household finances for the next 12 months - but they are not alone. Retail executives across the...

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Business

Alta raises $11 million in seed funding for AI powered personal shopping & styling app

AI personal shopping and stylist app Alta announced that it successfully raised 11 million dollars in seed funding. The funding will be used to accelerate its product development, expand its AI capabilities, and expand its team across operations and engineering. The investment round was led by Menlo Ventures, with participation from Aglaé...

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Voyado gains US majority shareholder: Focus on growth in Europe

Retail technology platform Voyado has a new majority shareholder. Funds managed by the global investment firm Viking Global Investors LP (Viking) are taking over, the company announced today in a press release. Existing shareholders – Novax, Verdane, eEquity and H&M Group – remain involved, as do Voyado’s founders. With the capital injection,...

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Luxury and AI: Are superhuman customer advisors on the horizon?

With the emergence of chatbot applications driven by artificial intelligence such as ChatGPT or Gemini, web browsing and search habits have evolved considerably. The effectiveness of these tools and the new behaviours they induce have influenced purchases and raised the expectations of luxury brand consumers to a higher level of demand in terms...

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Retail

Louis Vuitton is the most counterfeited luxury brand, according to new report

Counterfeits have been a sharp thorn in the side of luxury fashion houses for decades. Dating back to ancient Roman times, counterfeiting within the fashion industry underwent a surge of popularity in the late 1970s, thanks to the rise of designer jeans. With several copycats trying to mark and sell duplicated designs and styles for a fraction...

Fairs

At Vivatech: Robots, trainers and counterfeit detectors powered by AI

Paris - Robots, a counterfeit detector and navigation systems for the visually impaired, all powered by generative artificial intelligence (AI), were among the innovations highlighted at the VivaTech trade show, which took place in Paris until June 7. AI and anti-counterfeiting Could you tell the difference between a Lacoste t-shirt and a...

Fashion Partner Content

Going shopping with AI: why understanding consumer attitudes and behaviours around AI are crucial to commerce success

Text by Justin Thomas, VP Sales, EMEA North at Akeneo AI is already an integral part of the shopping experience today, spanning chatbots, personalised product recommendations, advanced search engines and autonomous shopping agents. This is not just about making what consumers already do easier, but about reshaping the way they discover, evaluate...

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'Meta's AI advertising platform': Personalisation and targeting takes centre stage

Meta owner, Mark Zuckerberg (owner of Facebook, Instagram and WhatsApp), is focusing on AI advertising. The company is reportedly working on an artificial intelligence-based advertising platform that will allow advertisers to more easily personalise adverts and target them to a specific audience. The Wall Street Journal first reported this....

People

AI-powered MySize appoints chief growth officer as it eyes international expansion

MySize, an e-commerce sizing solution company, has named Borja Cembrero Saralegui as its new chief growth officer. The appointment comes as the AI-driven firm looks towards international expansion, marking its next phase of global growth. Saralegui had previously served as the chief executive officer of the sizing tech platform he had...

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Business

AI personal shoppers hunt down bargain buys

Internet giants are diving deeper into e-commerce with digital aides that know shoppers' likes, let them virtually try clothes on, hunt for deals and even place orders. The rise of virtual personal shoppers springs from generative artificial intelligence (AI) being put to work in "agents" specializing in specific tasks and given autonomy to...

BusinessPartner Content

How Chainbalance AI is transforming Smart Replenishment

In today’s fast-paced fashion world, keeping shelves stocked efficiently without overstocking is a high-stakes balancing act. That's where Chainbalance AI steps in —revolutionizing replenishment with precision, intelligence, and full transparency. What is Chainbalance AI? Chainbalance AI is a cutting-edge AI-model for Smart Replenishment. It...

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Retail

World Retail Congress: Experts discuss the reality of AI in retail

London - Prior to the event, it was already clear that the theme of AI would be unavoidable at the World Retail Congress in London. Although it is still a hot topic, the hype and initial panic have given way to reflection and well-considered steps. There were certainly advocates and fans of AI. Scott Price, chief executive officer of DFI Retail...