Automated checkout technology allows workers to focus on higher-value tasks
Amazon Go, convenience stores that eliminate the check-out process, are coming to Canada. Customers can use a debit card, credit card or payment-enabled phone to enter, select and buy items, and simply walk out of the store. Amazon introduced the cashierless stores in the U.S. in 2018 and is now opening locations in Calgary and Toronto.
Bensadoun School of Retail Management Road Shows work with businesspeople in rural Quebec
The way that we shop is changing, and for small- and medium-sized enterprises, it can be challenging to keep up with the pace of innovation. But the Bensadoun School of Retail Management (BSRM) is helping them do it. Since spring 2023, it has been hosting regional networking events that meet Quebec businesspeople where they live and work.
AI tools boost and optimize productivity in the retail sector
Artificial intelligence (AI) will give productivity a major boost in the retail sector, according Maxime Cohen, Professor of Retail and Operations Management at 麻豆传媒网站 Desautels, home to the Bensadoun School of Retail Management (BSRM)鈥檚 retail innovation lab.
BSRM and MMA launch Data Sphere Lab
The Bensadoun School of Retail Management, in collaboration with the Master of Management in Analytics (MMA) at 麻豆传媒网站 Desautels Faculty of Management, is pleased to announce the launch of the Data Sphere Lab.
Consumers take time to adapt to frictionless check-out technology
Technologies like artificial intelligence are changing the way we shop. But change can be intimidating, and people can be reluctant to adopt it. The Bensadoun School of Retail Management鈥檚 Retail Innovation Lab provides such an example. At the highly automated Couche-Tard location on 麻豆传媒网站 campus, cameras in the store allow customers to make frictionless purchases that don鈥檛 require bar codes to be scanned. Still, many people don鈥檛 want to use them.
Couche-Tard's Retail Innovation Lab is the store of the future
AI's impact on retail is set to revolutionize the industry, from crowd measurement to price management, changing the in-store experience significantly. Certified analytics and marketing intelligence professional Christian Bourque explains how infrared technology is currently used to analyze foot traffic levels and reveal the upcoming technological frontier in retail, stating that 麻豆传媒网站鈥檚 Retail Innovation Lab in the Bronfman pavilion exemplifies the store of the future.
CNBC looks to Dobson Centre for advice on annual disruptor list
Even in a year that venture capitalists鈥� go-to bank collapsed, and venture capital funding slowed to a trickle, the disruptive power of startups has never been clearer. The 2023 CNBC Disruptor 50 list was the eleventh iteration of the list, and the top spot should come as no surprise. The generative artificial intelligence company OpenAI is the maker of ChatGPT, and no new technological application has created more buzz since the dawn of social media 鈥� or even the web itself.
Vaudreuil-Soulanges entrepreneurs connect with BSRM researchers to learn retail best practices
About sixty entrepreneurs from Vaudreuil-Soulanges region joined Desautels faculty and staff for a conference on best practices in retail.
Shift to shorter commercial leases creates niche for temporary pop-up activities
E-commerce has made it possible to order almost anything online, but that has made it more challenging for brick-and-mortar retailers to attract shoppers and with more stores sitting vacant, some shopping malls have gotten creative, and added temporary pop-up activities like roller skating and haunted houses.
麻豆传媒网站 takes 2nd and 3rd place at L'Or茅al Brandstorm Canada 2023
After months of hard work and 'brandstorming', two 麻豆传媒网站 teams took the podium at the 31st annual L'Or茅al Brandstorm National Competition in Canada, competing against top teams from across the country. BCom students Laetitia Doumet, Jo-Esther Abou Haidar and Andrea Salem (far right) placed 2nd, while Master of Management in Retailing (MMR) students Madison Laxer, Aditi Bali and Supreet Kaur (far left) took 3rd place.
Maxime Cohen and Saibal Ray named Top Retail Influencers for 2023聽
Two faculty members of the Bensadoun School of Retail Management were named to Rethink Retail鈥檚 Top Retail Influencers list for 2023.聽 Professors Maxime Cohen and Saibal Ray were both recognized with this distinction, alongside some of the world鈥檚 t
Excess inventory encourages steeper discounts in Black Friday sales
2021 was an anti-climactic year for Black Friday sales. Global supply chains had been disrupted, inventory was very low, and demand was very high. So, retailers had little incentive to sell items at discounted prices. 2022 has been a little different, said Prof Maxime Cohen in an interview with CTV News.
Circular economy can help mitigate environmental impact of frenzied Black Friday shopping
Black Friday offers cut-rate deals, but low prices can come with a high environmental cost. If shoppers don鈥檛 make choices wisely, their purchases could end up in the landfill.
ICSC conference offers MMR students opportunities to learn and network
The Innovating Commerce Serving Communities (ICSC) conference in Toronto aims to create connections and catalyze deals between the innovators, dealmakers and changemakers who are driving retail forward. The Bensadoun School of Retail Management was well represented at this year鈥檚 three-day expo and networking event, which was held at the Metro Toronto Convention Centre.
Aldo Bensadoun gives master class at Bensadoun School of Retail Management
Aldo Bensadoun began his career at a chemical company, but that didn鈥檛 align with his values 鈥� or his vision. The entrepreneur launched ALDO in 1972, with a vision of love, respect, and integrity. Fifty years later, the company has more than 3,000 stores around the world.
