Retail News: Top Stories
October 11, 2019
Top stories in retail news and the business headlines that interest us today.
AI Fast Food Employees
“Sonic Drive-In will be testing a bespoke AI voice assistant at select U.S. locations later this year. Additionally, McDonald’s recently purchased machine learning startup Dynamic Yield for a reported $300 million, and the company’s AI technology is targeting the fast food giant’s drive-thru window first. One Good Times Burgers & Frozen Custard location in Denver has already deployed a conversational AI platform from Valyant AI to take customer orders. As the evidence illustrates, fast food is unquestionably becoming a significant vertical for AI applications, but why is AI beginning to flourish in the quick-serve restaurant industry?”
“The Wendy’s Co. will debut its new breakfast daypart nationwide in the first quarter of 2020 and expects the new daypart eventually to contribute a 10% growth in sales, executives said Friday.”
Black Friday Season
“The start of November signals the launch of the Black Friday retail season. In the days and weeks leading up to the hyped-up shopping day, retailers try to lure customers in with teaser deals.”