Written by Andréa Williams, Head of Marketing
SubscribeWhilst Artificial Intelligence (AI) might have been named Word of the Year for 2023, it’s 2024 and retailers are now making significant strides in integrating AI to revolutionise shopping experience. Here’s a look back at headlines from the last month and how retailers are harnessing the power of AI to enhance customer experience, reduce waste, and drive efficiency.
Amazon has launched Rufus, a generative AI-powered conversational shopping assistant, now available to all U.S. customers via the Amazon Shopping app to enhance overall shopping experience. Rufus helps users by answering questions, making product recommendations, and facilitating product discovery. By leveraging AI, Amazon aims to make shopping easier and more informative for its customers, ensuring they find exactly what they need. This development builds on Amazon’s extensive history of using AI to enhance the shopping experience, from personalised recommendations to AI-driven review highlights.
The Lincolnshire Co-op has extended its partnership with Retail Insight to further reduce food waste using the Waste Trim tool. This AI-driven technology optimises stock levels and prevents overstock, significantly reducing food waste. The collaboration has already led to a 37% reduction in food waste and prevented 5,700 tonnes of CO2 emissions, showcasing the environmental benefits of AI in retail. The enhanced version of the tool promises even greater efficiency and sustainability, aligning with the co-op’s mission to support local communities and the environment.
Mango has launched the first AI-generated campaign for its Teen line’s limited-edition Sunset Dream collection. This innovative approach uses generative AI to create high-quality images and designs, demonstrating Mango’s commitment to technology and creativity. The campaign is part of Mango’s Strategic Plan 2024-2026, emphasising technological development and operational excellence. Mango’s use of AI extends beyond marketing, applying machine learning across pricing, personalisation, and product design, highlighting its role as a technological leader in the fashion industry.
Moonpig has reported a significant increase in sales and profits, driven by its accelerated adoption of AI. The retailer has improved its AI-driven customer service chatbot, reducing the need for human intervention. Moonpig’s investment in AI technologies has enhanced customer lifetime value and personalised the shopping experience, leading to higher customer satisfaction and loyalty. The AI initiatives have also supported Moonpig’s subscription service, Moonpig Plus, which has exceeded expectations by gaining over half a million members in just one year.
ProCook is also set to leverage AI, machine learning, and robotics to boost operational efficiency. The company plans to integrate these technologies across its website, stores, and supply chain. This initiative is part of a broader strategy to expand ProCook’s UK store estate and improve overall customer experience. By investing in AI, ProCook aims to streamline operations, enhance user experience online, and ensure efficient inventory management, positioning itself for sustained growth and customer satisfaction.
AI’s potential to enhance customer interactions, streamline operations, and promote sustainability is set to drive the future of retail, making it an exciting space to watch. Want to hear more? Subscribe to our mailing list here.
Written by Andréa Williams, Head of Marketing
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