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UK retail weak in May says ONS data, fashion lags but reasons for June optimsim abound
UK retail weak in May says ONS data, fashion lags but reasons for June optimsim abound

Fashion Network

time20-06-2025

  • Business
  • Fashion Network

UK retail weak in May says ONS data, fashion lags but reasons for June optimsim abound

Non-food stores sales volumes — the total of department, clothing, household and other non-food stores — fell by 1.4% over the month, mainly because of falls in clothing and household goods stores. Retailer comments mentioned reduced footfall and consumers having completed home projects earlier than usual this year because of good weather, leading to lower sales in May. Meanwhile online spending values fell by 1% month on month and 2.5% year on year. Total value spend across in-store and online fell by 2.4% over the month and as a result, the proportion of sales made online rose from 26.8% in April 2025 to 27.2% in May. So nothing to write home about there. But what did analysts and industry insiders think of it all? Deann Evans, MD EMEA, at online shopping giant Shopify, said retailers will be disappointed, especially after consecutive rises. She said the 3.4% inflation rate may have been partly to blame, or perhaps the lasting effects from April's increases in annual domestic bills and National Insurance contributions. But she also sees 'reason to be optimistic that the summer months and warmer weather will inspire increased consumer spending and a return to sales growth. According to our Shopify data for May, UK consumers were busy preparing for aquatic fun with sales of Pool Floats & Loungers (+101%), Child Swimming Aids (+74.7%) and Swim Goggles & Masks (+62.4%) all rising significantly compared to April. 'Perhaps even more impactful will be the cultural moments that summer brings. Just like we saw with Taylor Swift's Eras tour last year, the 'Beyoncé Effect' is in full swing as she brings her Cowboy Carter tour to the UK. Our data reveals a significant increase in the sales of western fashion items last month compared to May 2024, such as denim shorts (+52%), cowboy hats (+288%) and belts (+62%). With Glastonbury Festival and the Oasis tour close on the horizon, there is a significant opportunity here for retailers to capitalise — provided they have the right tools and systems in place. A strong digital presence and social media strategy are particularly key to winning the lottery ticket of celebrity influence and having the right people notice your products, and retailers must keep this front of mind this summer.' And Jim Rudall, regional director EMEA at email and marketing automation platform Intuit Mailchimp also said it was a disappointing month, 'especially with high expectations for a boost around the May bank holidays — which our New E-Commerce Calendar report ranks as the top two shopping moments for UK consumers in May (based on spending propensity).' But he too sees some bright spots on the horizon given the aforementioned cultural moments plus Royal Ascot and the FIFA Club World Cup. That New E-Commerce Calendar he mentioned revealed major entertainment events and music festivals prompted 15% of shoppers to make purchases in the last two years, 'offering brands the chance to ride a cultural wave and flex their personalities'. And of course Father's Day will impact June with Intuit Mailchimp research having identified it 'as the most significant shopping moment for June'. Meanwhile, Oliver Vernon-Harcourt, head of retail at Deloitte, said:'For the first time this year, retail sales fell more than expected, as two bank holidays and further good weather were not enough to entice spending. A late Easter combined with the sunniest April on record brought some seasonal sales forward, [and] continued inflationary pressures from food, furniture and household goods hampered sales volumes. 'Overall, consumers remain cautious in the face of persistent inflation, increased utility costs and ongoing geopolitical uncertainty. While this transpired into fewer purchases in May, there is a broader picture of improving household finances. Consumers have been saving at one of the highest levels on record, and with robust real wage growth, this could generate some helpful tailwinds for the retail sector throughout the rest of 2025. With warm weather set to continue, retailers will hope to see a boost from the sale of summer food, clothing and outdoor offerings, resulting in a return to growth in the months ahead.' And Jacqueline Windsor, Head of Retail at PwC UK highlighted how the 'gloomier weather also impacted demand for new season's fashion, with clothing retailers reversing a quarter of improving sales performance, making it the worst-performing category in May. 'The fact that retail sales fell back in May was not a surprise given the unusually strong performance the previous month. However, it does underline the fragility of consumers' spending power and the retail sector in the current economic climate.'

Honeycomb Acquires Grit to Accelerate Customer Value
Honeycomb Acquires Grit to Accelerate Customer Value

Martechvibe

time11-04-2025

  • Business
  • Martechvibe

Honeycomb Acquires Grit to Accelerate Customer Value

The acquisition will help customers instrument complex software systems for end-to-end observability, enhancing customer value. Honeycomb , the creators of observability, announced the acquisition of Grit, a powerful open-source query system and AI agent for customer value. The acquisition will help customers instrument complex software systems for end-to-end observability. The company also announced the appointment of two executives to its leadership team, with Julie Neumann joining as Chief Marketing Officer and Matt Nelson as Chief Revenue Officer. These announcements follow significant revenue growth and customer expansion in 2024, driven by the launch of Honeycomb Telemetry Pipeline and Log Analytics as well as Frontend Observability. One substantial hurdle companies often face as they implement modern tooling is instrumenting existing code to emit telemetry data using OpenTelemetry. Grit developed an open source query system and AI agent that can programmatically search and modify codebases. With this acquisition, Honeycomb will be able to make it dramatically easier to adopt custom instrumentation. Grit's founder, Morgante Pell, is joining the Honeycomb engineering team to lead development of even more AI features that can combine Grit's codebase knowledge with Honeycomb's rich observability data to build better software. ALSO READ: Intuit Mailchimp Launches Generative AI Tool For Email Marketing 'Honeycomb is committed to helping engineering teams realise the full potential of AI, while delivering the system reliability and exceptional experiences their customers expect,' said Christine Yen, CEO and Co- Founder. 'Grit's technology solves major OpenTelemetry adoption hurdles, delivering the comprehensive observability our customers need to effectively manage their software systems and AI-powered applications.' Additionally, Honeycomb has made strategic executive hires to accelerate its go-to-market functions and expand into new markets. Julie Neumann, CMO: Neumann, a veteran storyteller who drove market expansion at Sinch, Testlio, and Snow Software, will spearhead efforts to bring the transformative value of Honeycomb to a global audience of developers and executives Matt Nelson, CRO: Nelson, with a history of driving substantial revenue growth at Forter, VMware, and Pivotal Software, will lead the global revenue organization, including sales, customer value, and strategic partnerships 'Julie and Matt's combined decades of experience in the enterprise, as well as their unwavering commitment to driving impactful growth at developer-oriented organizations, will be instrumental to Honeycomb's success,' said Yen. 'In a new era of software development, they will ensure more businesses are ready for tomorrow's engineering challenges, including taking advantage of AI while mitigating the inherent risks.' ALSO READ: WPP, Instacart Partner For Advertising Solutions, Measurement Tools The Martechvibe team works with a staff of in-house writers and industry experts. View More Blue Prism is a global software provider, offering ROM 2, an intelligent automation implementation methodology that empowers teams to scale their digital workflow. One of its use cases is sales and marketing solutions, which is powered by artificial intelligence (AI) and machine learning (ML) algorithms. VISIT WEBSITE Pega is a combined business process management and robotic process automation (RPA) platform that comes with workforce analytics features. It offers a wide variety of tools such as Pega Email Bot to automate repetitive tasks with personalised customer replies at scale. 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Utilising its capabilities, marketers can personalise and automate customer interactions, depending on their needs and preferences. VISIT WEBSITE SAP is a composable marketing automation technology provider, offering SAP Intelligent RPA solutions to automate repetitive, rules-based business processes, including marketing and sales. Using its tech stack, marketers can automatically extract product data from manufacturers' websites, update online inventory and import website and email sales. VISIT WEBSITE Microsoft offers Power Automate, a low-code and AI-powered RPA software that helps marketers streamline tasks like lead management, email campaigns, social media management, data analysis, content publishing, and customer feedback. Leveraging its capabilities, businesses can automate repetitive tasks, such as lead capture and email marketing workflows. VISIT WEBSITE IBM offers AI-powered Robotic Process Automation capabilities for CRM and marketing functions. It enables users to automate workflows with integrated OCR and intelligent chatbots, distribute work across multiple bots without human interventions and manage emails via low-code authoring tools. VISIT WEBSITE Hyland offers an AI-powered comprehensive robotic automation software suite, enabling marketers' teams to automate their campaigns. Its Natural Language Processing (NLP) technology allows businesses to automate repetitive marketing functions, such as execution of targeted and personalised strategies in near real-time. VISIT WEBSITE Datamatics is an intelligent automation platform, offering TruBot RPA designer, a low-code bot design tool for marketing teams to create customised bots quickly. It provides 500 pre-built components, enabling low-code design and rapid deployment capabilities with drag-and-drop options. VISIT WEBSITE Automation Anywhere offers Automation Success Platform powered by Vertex AI, enabling enterprises to develop a cloud-based digital workforce at scale. Leveraging its bots, ML, and AI technologies, marketers can automate their marketing and sales processes. One of its popular offerings is Automation Co-Pilot, a genAI-powered assistant that empowers businesses to create and summarise content. VISIT WEBSITE Appian is a global technology provider, delivering end-to-end process automation with RPA, AI, IDP and API integrations. Utilising the readily available APIs of this low-code platform, teams can create a series of connected digital business applications including customer management and marketing. VISIT WEBSITE Powered by Zoho Corporation, Zoho Analytics enables marketers to track all critical metrics in a single platform to enhance marketing outcomes. The company offers 75 pre-built data visualisation reports and dashboards on marketing performance for collaborative analysis. With its AI-powered assistant, marketers can generate automated insights, predict future trends, and configure smart alerts. 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VISIT WEBSITE Adobe Experience Cloud offers a real-time CDP, letting users create high-value audience segments for B2C and B2B use cases across their marketing funnel. It follows a cookieless marketing approach to automatically unify customer data across various online and offline channels in real-time. VISIT WEBSITE ActionIQ is a composable CDP platform that offers audience segmentation, acquisition marketing, and Customer 360 capabilities. It integrates analytical tools, enabling marketers to collect and analyse their first-party customer data at scale. VISIT WEBSITE Zoho CRM leverages automation and comprehensive analytics to empower any sales team, fostering stronger customer loyalty. Ideal for both small businesses and enterprises, this software enables enhanced productivity and tailored solutions through predictive intelligence. VISIT WEBSITE Zendesk offers Zendesk Sell, an easy-to-deploy CRM platform that is simple to deploy and navigate, catering to businesses of any scale. Its mobile-friendly Sell app has the functionalities of geolocation, helping sales and marketing teams. Offering an all-in-one CRM platform, organisations can implement use cases like prospecting, engagement, lead generation and communication capabilities. VISIT WEBSITE SugarCRM is a global CRM software provider, helping marketing, sales, and service teams improve efficiency through automation, data, and intelligence in near real-time. It offers Sugar Market, an all-in-one marketing automation platform that helps marketers to automate their campaign with higher ROI. VISIT WEBSITE Salesforce is a one-stop sales and support CRM software that regularly updates customer records, tracks emails and calls, and creates organised support processes for quicker customer responses. Its simple and scalable infrastructure is ideal for businesses of all sizes. VISIT WEBSITE Pipedrive stands out with its emphasis on automation, tailorability, and seamless integration. Purposefully built to enhance the efficiency and productivity of sales professionals, this CRM solution has an intuitive setup and robust capabilities. It facilitates lead generation, comprehensive sales analytics, and seamless business expansion. VISIT WEBSITE Oracle NetSuite CRM, a component of Oracle's business software suite, is for all midsize and booming businesses that want a comprehensive, integrated CRM solution with ERP capabilities. Using it, customers and partners can directly interact with the platform, freeing the additional work load for their sales team. VISIT WEBSITE Microsoft Dynamics 365 Sales represents a robust cloud-based CRM solution brimming with features such as pipeline assessment, relationship analytics, and conversational intelligence. It utilises AI-powered insights to provide actionable intelligence via predictive analytics, lead scoring and sentiment analysis. VISIT WEBSITE Less Annoying is a CRM software that utilises a straightforward search feature within its contact management system, making it easy to track contacts. It is ideal for small-sized businesses and offers a highly intuitive and user-friendly interface. VISIT WEBSITE Insightly offers CRM software solutions for enterprises looking to understand their audience data across various marketing functions. It integrates seamlessly with third-party apps, streamlining workflow automation, including bulk emailing and report generation. VISIT WEBSITE HubSpot's sleek dashboard with consolidated CRM tools simplify complex customer data, further transforming it into meaningful insights. Complementing typical CRM functionalities, HubSpot provides tailored options, including conversation intelligence and email monitoring. VISIT WEBSITE Apptivo delivers adaptable and web-based CRM solutions, enabling marketing and sales teams to streamline all customer service requirements across various devices and browsers. Despite its focused feature set, it encompasses over 65 interconnected applications alongside a robust sales pipeline management tool, ensuring efficient tracking of potential leads without any downtime. VISIT WEBSITE Sitecore offers composable cloud solutions with its flagship products, Sitecore Experience Platform(XP) and Sitecore Experience Manager (XM). They help marketers to overcome scalability challenges. Some of its features include intuitive visual editing, headless delivery, marketing automation, scalable personalisation, data and machine learning capabilities. VISIT WEBSITE Salesforce Experience Cloud is a platform that helps enterprises link clients, partners, and employees to securely exchange information and documents. Built on its Customer 360 platform, Salesforce's DXP ensures seamless integration with any solution in the Salesforce ecosystem. VISIT WEBSITE Oracle Cloud offers a comprehensive suite of platform-based marketing automation solutions for personalised B2B and B2C automation campaigns. Some of its featured products are Eloqua Marketing Automation, CrowdTwist Loyalty and Engagement, and Unity Customer Data Platform. VISIT WEBSITE Optimizely is a digital experience platform (DXP) provider that offers Optimizely One, an easy-to-use and fully integrated suite. It provides a single, unified workflow with thoughtfully embedded AI and machine-learning algorithms, accelerating work across the entire marketing lifecycle. VISIT WEBSITE OpenText offers a cloud-native, scalable platform for enterprises to streamline their marketing functions. It provides fully composable content management, digital asset management, creative workflows, personalisation, targeting and customer data technologies in one place, ensuring a holistic approach to B2B, B2E and B2C experiences. VISIT WEBSITE Neptune DXP is a PaaS(Platform-as-a-Service) provider, helping marketing teams build custom apps based on modular, reusable application building blocks. The company offers flexible environments to businesses across different verticals, further providing personalised digital solutions at scale. VISIT WEBSITE Magnolia is a composable DXP that comes with no-code connector packs and low-code micro-frameworks for third-party integrations. It also offers an open-source version alongside its commercial plans enabling enterprises to build tailored use cases. VISIT WEBSITE Liferay DXP helps marketers deliver personalised and connected digital experiences across a broad range of channels, including customer portals, websites, intranets, mobile apps, and connected devices. It offers intuitive CMS, user analytics, and site management tools that businesses need to launch, test and optimise digital experiences for faster go-to-market. VISIT WEBSITE Powered by IBM Consulting, IBM iX offers a composable DXP, providing a comprehensive solution to make enterprises' systems future-ready. Utilising its data-driven insights and intelligent workflows, marketers can design and deliver human-centred experiences across the customer lifecycle. VISIT WEBSITE HCL Digital Experience (DX), forms part of a wider HCL Customer Experience (CX) product portfolio, offering core capabilities such as content management, DAM, CDP called Signals, and low-code application development. It provides services in government, life sciences, insurance, financial services, and other verticals. VISIT WEBSITE Contentstack is a headless CMS and Composable Digital Experience Platform (DXP) solution provider that helps marketers gain a competitive edge. It recently launched into Google Cloud Marketplace, and is also available on Microsoft Azure and AWS. It seamlessly enables mid-market brands to adopt its omnichannel campaign engine to drive higher conversions and sales. VISIT WEBSITE Bloomreach Commerce Experience Cloud provides businesses an edge with its modular capabilities: Content Management System (CMS), Discovery features for search and merchandising optimisation, and Engagement tools such as Customer Data Platforms (CDP) for personalisation and analytics. VISIT WEBSITE Adobe Experience Cloud offers a comprehensive set of services specifically designed to address the day-to-day requirements for personalised customer experience at scale. Its platform helps manage different digital content and assets to improve customer satisfaction. Some of its products include Adobe Gen Studio, Experience Manager Sites, Real-time CDP, and Marketo Engage. VISIT WEBSITE Acquia offers DXP solutions, comprising of two main elements: Acquia Drupal Cloud and Acquia Marketing Cloud. It can be accessed in both platform-as-a-service (PaaS) and software-as-a-service (SaaS) with additional components such as Site Factory for multisite management, digital asset management (DAM), CDP, personalisation, and Campaign Studio. VISIT WEBSITE

"Humans in the loop" make AI work, for now
"Humans in the loop" make AI work, for now

Axios

time06-03-2025

  • Business
  • Axios

"Humans in the loop" make AI work, for now

There will — and must — always be "humans in the loop," tech leaders reassure the world when they publicly address fears that AI will eliminate jobs, make mistakes or destroy society. Why it matters: Who these humans are, what the loop is and where exactly the people fit into it remain very much up for grabs. How the industry answers those questions will shape what work looks like in the future. Here are three ways of thinking about what "humans in the loop" can mean. 1. AI assists humans Chatbots need us to prompt them or give them instructions in order to work. Agents are also assistants, but they require less supervision from humans. As agents' abilities grow, keeping humans in the loop ensures "that AI systems make decisions that align with human judgment, ethics, and goals," Fay Kallel, VP of product and design at Intuit Mailchimp, told Axios in an email. "By automating tedious tasks, we create space for creative and strategic work," Kelly Moran, VP of engineering, search and AI at Slack, told Axios. "Our data shows that AI use leans more toward augmentation (57%) compared to automation (43%)," an Anthropic spokesperson told Axios in an email. "In most cases, AI isn't replacing people but collaborating with them." "Humans aren't always rowing the boat — but we're very much steering the ship," Paula Goldman, chief ethical and humane use officer at Salesforce, wrote last year. 2. AI hands over the wheel at key moments As agents grow more common and more capable, systems are likely to build in checkpoints for human involvement. In a demo last month, Operator, OpenAI's ChatGPT-based agent for accomplishing online tasks, made dinner reservations, called an Uber and purchased concert tickets. But at key moments, Operator switched into a "takeover mode" to let the human user enter login credentials, payment details or other sensitive information. 3. Humans review AI's final work Most chatbot users have learned by now that genAI needs a fact-checker. Bots can make things up, misinterpret data or make incorrect recommendations. Even as models get smarter, humans are often still required to audit an AI's work. "By design, systems must be built with checkpoints for human experience and judgment, allowing for verification when appropriate without losing the efficiency gains AI provides," Allan Thygesen, CEO at Docusign, said in an email. Because of "the probabilistic nature of the technology," George C. Lee, co-head of the Goldman Sachs Global Institute, told Axios that the company uses human "checkers," especially for sensitive workflows. Reality check: The idea of keeping "humans in the loop" assumes that humans are better at making decisions than AI, which isn't always true. "We're accustomed to trusting humans," Stefano Soatto, professor of computer science at UCLA and VP at Amazon Web Services, told Axios — but "not all humans are trustworthy." Between the lines: The ability to provide oversight and to understand what tasks should be handed off to AI are the skills that human workers will need in the future, says Kelly Monahan, managing director of the research institute at Upwork. As a freelance platform, Upwork is able to see trends of how work is shifting faster than you might see at a job level. Monahan told Axios that Upwork's clients are searching for more "high-value work" and that includes people with "the ability to read context, to be creative, to be empathetic, all those unique qualities that actually make us intelligent." The intrigue: Most modern generative AI systems have been trained, in part, by humans. Humans select, clean and label data to fine-tune AI models to teach them how to answer questions or understand images. Humans decide what they want the model to achieve and what safeguards or values an AI model has. OpenAI also uses humans to score AI answers, which is a key way models get better. This is known as reinforcement learning with human feedback. Zoom in: It's becoming increasingly unclear when human oversight is necessary, when AI should take the lead and what risks we're willing to take along the way. OpenAI CEO Sam Altman explored this dilemma from a military AI perspective at a Brookings Center discussion last year. "I've never heard anyone advocate that AI should get to make decisions about launching nuclear weapons. I've also never heard anyone advocate that AI shouldn't be used to intercept inbound missiles where you have to act really quickly," Altman told the moderators. "And then there's this whole area in the there's like a plane coming to bomb South Korea and you don't have time to have a human in the loop, and you can make an intercept decision or not, but you're very sure that it's happening, like how sure do you have to be? What would be the expected impact on human life? Where do you draw the line in that gray area?" "I hope this is never an OpenAI decision," Altman added. What we're watching: As AI's abilities improve and the gap between human and machine intelligence narrows, today's "humans in the loop" promise could end up as just a placeholder.

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