Good morning. Wall Street spent Wednesday holding its breath for Nvidia, but retail had a wild session of its own, headlined by the biggest one-day pop Abercrombie & Fitch has seen in years and a fresh headache for Target that has nothing to do with earnings. Here is everything retail and business executives need to know from the day prior.
Latest Retail Tech News
Domestic. The supply chain and delivery side of retail tech kept moving fast yesterday. Instacart and Petsense by Tractor Supply launched a same-day delivery partnership across U.S. stores, extending Instacart’s grocery-and-more playbook deeper into pet care, a category that has proven resilient even as discretionary spending wobbles. Meanwhile, autonomous trucking firm Gatik landed $200 million in fresh funding, underscoring how much appetite remains for automation in grocery and CPG supply chains even as venture dollars have gotten choosier elsewhere. On the AI commerce side, eComID raised $17 million as it expands internationally and rolls out an AI-powered “Shopping Passport,” part of a broader identity and personalization push retailers are watching closely. Retail Technology Innovation Hub also launched its inaugural Retail Technology Hot 100 List this week, with JD Sports’ Dan McGrath noting that AI, automation, robotics, computer vision and inventory intelligence “are no longer future technologies. They’re becoming the foundations of modern retail.”
