Understanding inflation is crucial for managing your finances effectively, and the Consumer Price Index (CPI) is a vital tool in this regard. The CPI measures the average change in prices paid by urban consumers for a standardized basket of goods and services over time. By understanding how the CPI
The age of digital transformation is profoundly altering the landscape of the consumer goods industry. From the ways in which products are conceived and developed to how they reach the hands of consumers, every facet is being innovated upon by a myriad of digital tools and applications. This
Generative Artificial Intelligence (AI) is dramatically transforming the retail landscape, with an expected economic impact of $9.2 trillion by 2029. As retailers navigate the early stages of data utilization, they need to balance the immense potential of AI with the various challenges it presents.
Economic Contributions Nationwide Employment Engine The U.S. retail industry is a crucial employment engine, according to a report by PricewaterhouseCoopers and the National Retail Federation. This sector provided jobs for 55 million people in 2022, accounting for 26% of all U.S. jobs—a notable i
In 2022, the National Retail Federation highlighted the pivotal role of the retail industry in bolstering the US economy. As a prime employer, retail plays an integral part in the nation's job market, sustaining millions of jobs. Beyond employment, the industry significantly contributes to the
