Summer is in the air and AI is causing a major buzz! WWD recently published an in-depth piece about the explosion of AI-driven technology in retail. It's mind-blowing to think about how AI is set to revolutionize the way we do business in the coming years. The Wall Street Journal also weighed in, emphasizing the need for companies to focus on their data culture to fully leverage the power of AI. Data is the name of the game!

And not to be out done – Google is shaking things up too. They've rolled out a brand-new AI-driven fit assistant that aims to help customers visualize how clothes will actually look on them before they make a purchase. Talk about a game-changer! Anything that can reduce return costs is a massive benefit to retailers. It's all about enhancing the customer experience and controlling costs.

Target didn't have the best start to June, with their shares taking a nosedive after a difficult quarterly earnings report and some negative PR related to their pride month offerings. It's a tough blow, but they'll bounce back. On the other hand, retailers like Wal-Mart, Amazon and Big Lots are cutting back on their fulfillment centers as pandemic supply chain issues get resolved and inventory levels start to recede. It's all about finding that delicate balance in the ever-changing retail landscape.

Unfortunately, shrinkage continues to be on the rise. CNBC reports that retailers are desperately seeking ways to tackle shoplifting and organized retail theft. They're even pushing for stiffer penalties to deter these crimes.

Now, let's talk about the resumption of student loan payments, which is causing a bit of concern in the already tough apparel sales market, according to The Wall Street Journal. With estimates suggesting that borrowers will collectively pay up to $10 billion a month, it's a worrisome figure considering that Americans spend about $35 billion a month on clothing and department stores. We'll have to keep a close eye on how this affects the industry.

But hey, it's not all doom and gloom! GIII recently posted earnings that exceeded expectations, and they've also announced a long-term licensing deal with Xcel to produce Halston. That's not all. They're expanding Donna Karan and Nautica too, which will help fill the void left by PVH taking back the Tommy Hilfiger and Calvin Klein licenses. It's exciting to see brands making moves and keeping the fashion world vibrant.

Let's give a shoutout to Evan Dash, a former retailer and fellow entrepreneur, who was featured in a fantastic article by Retail Brew. He shared some insightful comments about the value of checking your ego and truly listening to your team. Wise words from someone who's been in the trenches!

Lastly, let's show some support to Hunter as they navigate their current downturn. It's always interesting to see how brands tackle challenges and come out stronger on the other side. We'll be rooting for them

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