Target Blames Organized Retail Crime for Store Closures

Target claims that looting, violence, and theft have forced the company to close several stores.

To what extent does organized retail crime actually contribute to store closures? In most cases, it is difficult to tell. Aggregate data point to a “healthy” shrink level, whereas big box stores have a different perspective on the matter, probably because they are easier targets and victims. Nevertheless, theft and shrink have multiple causes that should be addressed to improve performance.


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Shein Inks Deal for In-Store Presence

Customers of Shein will soon be able to go beyond online shopping to experience shop-in-shops and in-store returns in Forever 21 locations across the U.S..

Shein’s partnership with Forever 21 will establish both physical and online spaces for the fast-fashion retailer, accelerating cross-selling at Forever 21’s mall stores and Shein’s online marketplace.

(To learn more about Shein, see our previous post about Shein and fast fashion.)


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By |2023-09-10T10:38:06+00:00September 10, 2023|Tags: , , |

Amazon’s Anti-Counterfeiting Exchange

Amazon launched a program called Anti-Counterfeiting Exchange (ACX) to keep counterfeiters off its e-commerce platforms and fake goods from entering its warehouses.

Retailers and others who are interested in stopping counterfeiting can share and receive information about counterfeiters on a database maintained by an independent third party.  ACX’s collaborative data sharing helps to fight counterfeit crime in the online marketplace.


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BMW’s Digital Twin Factory

The world’s first digital twin of BMW’s electric vehicle (EV) factory in Hungary is made possible with Nvidia’s simulation technology.

BMW can use the digital replica of its physical factory to detect and correct any problems before actual production, in order to plan and optimize its EV design.  Eventually, BMW will be able to simplify workflow by integrating the physical and virtual world with artificial intelligence.


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