Retail news: Analysis of economic indicators and ChatGPT’s role in AI

For some reason, it was a relatively slow week in retail news. I added a lot of big research reports to the pile to read, but otherwise, there wasn’t a lot of economic news, research trends, or even big retail winners or losers.

However, even for the few pieces of information that came out last week, you have to read it with some nuance – it’s very easy to take the same piece of news and spin it in two completely different directions, as you’ll see in the retail economic indicators.

And, just because retail didn’t have a lot of news, doesn’t mean no one had anything to say. I am firmly in the camp that ChatGPT is not Artificial General Intelligence (AGI), nor is it a significant step in that direction. So yes, you’ll have to account for my biases when I highlight research or commentary that I find interesting, and that’s especially true this week.

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
itim Group plc

More articles like this

itim Group plc

AI-powered logistics is transforming e-commerce

In a world of shipping delays and supply chain challenges, AI-driven logistics are now essential for e-commerce survival. Learn how leading retailers are leveraging AI for faster, more reliable deliveries.

itim Group plc

itim Group reports strong progress, significantly ahead of market expectations

itim Group plc (LON:ITIM), a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, is pleased to announce an unaudited trading update for the financial year ended 31 December 2024. Highlights ·    Revenues increased to £17.9m* (2023: £16.1m)

itim Group plc

Retailers set for a transformative year with AI-driven growth

In 2025, retailers leveraging AI could see a breakthrough year. Deloitte predicts AI will boost sales and drive efficiencies, giving a competitive edge in a growing market. Embracing AI is essential for success in the evolving retail landscape.

itim Group plc

Retail media unlocking new growth paths

Discover how retail media is evolving beyond point-of-sale strategies to unlock greater success through partnerships, data insights, and engaging content.

itim Group plc

Retail trends retailers must prepare for in 2025

Retail reflects human behaviour in its full complexity, evolving in step with societal changes, emotional triggers, and technological advancements. As we look to 2025, the retail industry stands at a crossroads, shaped by global uncertainty, changing