retail businesses

Prat Vemana, executive VP and chief information and product officer at the $105-billion Target, is trying to put AI into the hands of everyone shaping the retail experience, from designers and planners to store teams and digital engineers. And the India centre is playing a central role in the effort to make Target run on AI

Kotak Mahindra Bank is exploring Deutsche Bank's retail business, having exited the IDBI Bank acquisition due to valuation concerns. CEO Ashok Vaswani emphasized that any deal must align strategically, be financially sound, and manageable. The bank reported a 13.4% year-on-year profit increase for the March quarter, driven by robust loan expansion and reduced provisions.

Business, not heritage, behind decision

Sam Walton built Walmart not from an office, but by tirelessly visiting competitor stores, gathering insights on operations and pricing. He wasn't the first with the discount idea, but his relentless observation and learning from the ground up allowed him to develop a replicable, disciplined system. This hands-on approach, not a secret algorithm, fueled Walmart's rise in a competitive market.

The IPO attracted demand across investor segments, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors, resulting in the issue being oversubscribed by 1.19 times.

Game development engines like Unity and Unreal are revolutionizing industries beyond entertainment in Japan. Companies and local governments are leveraging these tools to create digital twins for urban planning, flood simulations, and even retail innovation, showcasing virtual kimonos and cultural performances. This expansion highlights game technology's growing role in infrastructure, disaster management, and commerce.

In 1984, a 19-year-old Michael Dell revolutionized computer sales from his dorm room. He bypassed expensive retail markups by assembling and selling custom computers directly to customers, a model that prioritized their specific needs and convenience. This direct-to-consumer approach, born from limited resources, became the foundation for Dell Inc.'s immense success.

Former world champion Floyd Mayweather Jr has officially dropped his $100 million defamation lawsuit against Business Insider, bringing an end to a legal battle that lasted more than a year. The case was linked to reports questioning Mayweather’s public claims about owning a large apartment portfolio in Manhattan. According to recent reports, both parties agreed to dismiss the case permanently, while each side will cover its own legal costs.

Global conflict in Iran is unexpectedly impacting your wardrobe. A brewing supply chain crisis in Asia, driven by surging oil prices due to disrupted shipping routes, is forcing textile manufacturers to cut production.

Nintendo is increasing the retail price of its Switch 2 console in several markets due to rising memory chip costs and changing market conditions. The company forecasts a decline in Switch 2 sales for the upcoming fiscal year, expecting to sell 16.5 million units, down from 19.86 million previously. This decision comes as manufacturing expenses rise, impacting Nintendo's financial outlook.

As the clock ticks toward November, UK families are bracing for an alarming 50% hike in food prices, a stark reminder of the ongoing cost-of-living crisis. Factors such as climate change, disrupted supply chains, and erratic energy prices are driving this inflationary tide, hitting essentials like pasta and olive oil hard.

Claire's has abruptly closed all 154 of its UK and Ireland standalone stores, resulting in over 1,300 job losses. The teen jewellery giant's decades-long high street presence collapsed due to a combination of online shopping shifts, rising costs, and financial struggles.

Superdry co-founder James Holder has been convicted of rape by a jury at Gloucester Crown Court. The incident occurred after a night out in Cheltenham, with prosecutors arguing the woman's intoxication impaired her ability to resist. Holder's defence claimed the encounter was consensual, but the jury found him guilty of rape.

A Milan espresso bar visit in 1983 became a turning point for Howard Schultz. He saw coffee as more than a drink, but an experience. This observation led to Starbucks' focus on atmosphere and customer relationships. The brand's success shows how cultural observation can create a global business model. Starbucks' journey inspires entrepreneurs to explore new ideas.