The Latest Hot E-Commerce Idea in China: The Bargain Bin (The New York Times)
"The Pinduoduo app’s main page is a bottomless cascade of groceries, fast fashion, household sundries and electronic bric-a-brac — all carrying wildly improbable price tags. For the established big shots of Chinese e-commerce, it is unwelcome news that many shoppers will buy very nearly anything if the price is right."
US Retailers Lead World in Data Breaches (Retail Dive)
"Data breaches increased significantly last year, and while retailers are spending big to counter them, a recent report from Thales eSecurity said the money is not being spent well. Retailers reporting significant breaches recently included Macy’s, Bloomingdales and Saks Fifth Avenue amongst others."
How AI Is Changing Sales (Harvard Business Review)
"Today, an AI algorithm could tell you what the ideal discount rate should be for a proposal to ensure that you’re most likely to win the deal by looking at specific features of each past deal that was won or lost."
How Louis Vuitton Upped Its Digital Game in China (Jing Daily)
"From cutting prices on the mainland to extending its e-commerce reach across China, French powerhouse Louis Vuitton has been aggressively upgrading its offerings for Chinese consumers in recent weeks."