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Has Same-Day Delivery Become an Expectation Across Retail?
"Not every customer expects same-day delivery on everything, but when they do and are willing to pay for the privilege, why not make it happen?"
- Georganne Bender, BrainTrust panelist
What’s the likelihood that Amazon’s 1-hour and 3-hour delivery options will prove to be popular with Prime members?
OpenAI Names the Infrastructure Standard for Agentic Commerce
"The result is likely a negotiated ecosystem, where retailers participate in agent-driven discovery but insist on directing the transaction back into their own environments."
- Scott Benedict, BrainTrust panelist
What's happening in retail?
Here are our picks for top news impacting retailers today:
The OECD has projected that U.S. inflation will hit 4.2% as a result of the ongoing Iran conflict, the highest rate of inflation among G7 nations. “A prolonged period of disruption could also result in the emergence of significant energy shortages that would lower growth further,” the OECD also suggested (via Financial Times).
The USPS has asked for an 8% temporary fuel surcharge on certain products, including priority mail, to help mitigate rising transportation costs. “This temporary price adjustment will provide needed flexibility for the Postal Service by helping to ensure that the actual costs of doing business are covered, as required by Congress,” said the USPS (via ABC 7).
Meta has slashed approximately 700 jobs across various departments, including its Facebook and Reality Labs divisions, as a cost-cutting measure. “Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals,” a spokesperson said (via FOX Business).
GameStop delivered mixed fourth quarter results that saw the video game retailer show earnings per share and operating income beats as sales tumbled (via Chain Store Age).
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