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Watch: Toys R Us finally calls it quits

Toys R Us has begun the process of shuttering many of its 800 stores around the country. While 180 locations are already being liquidated, Toys R Us is searching for a buyer that could keep the lights of 200 stores on. Since filing for bankruptcy protection in September, Toys R Us has been unable to…

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Watch: Toys R Us finally calls it quits

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Toys R Us has begun the process of shuttering many of its 800 stores around the country. While 180 locations are already being liquidated, Toys R Us is searching for a buyer that could keep the lights of 200 stores on. Since filing for bankruptcy protection in September, Toys R Us has been unable to get out from under massive debt. As hundreds of new pieces of retail real estate open up, real estate investors are scrambling to find new tenants.

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71% of retail merchants say AI tools have had limited or no effect so far

71% of retail merchants say AI tools have had limited or no effect so far

71% of retail merchants report limited or no effect from AI merchandising tools, while 83% of surveyed finance leaders say usage-based AI costs ran over expectations.

  • 01When merchants spend about 40% of their time stitching data together and 71% report limited or no effect from AI merchandising tools, the cheapest AI gain may sit in the plumbing between systems they already pay for.
  • 02A correct stockout forecast still loses the sale if it lands after purchase orders close or outside the replenishment system, so where a prediction arrives matters as much as how accurate it is.
  • 03Data preparation, integration and exit are separate line items in a realistic AI budget, and they can account for much of the work in a connected-systems project.

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Walmart and Zipline add 300 drone delivery sites as Zipline raises $1.5 billion

Walmart and Zipline add 300 drone delivery sites as Zipline raises $1.5 billion

Walmart and Zipline have agreed to expand their drone delivery partnership to 300 new U.S. sites, growing from 21 active locations today. Zipline raised $1.5 billion at a $21.5 billion valuation to fund U.S. manufacturing expansion and nationwide network buildout, with Walmart and Uber as key partners.

  • 01Walmart and Zipline will launch 300 additional drone delivery sites nationwide under a new multi-year agreement, up from 21 active sites today.
  • 02Zipline raised $1.5 billion at a $21.5 billion post-money valuation to expand U.S. manufacturing and support nationwide network growth.
  • 03Zipline delivered orders in a median 19 minutes in October versus more than 30 minutes for traditional delivery, with over one million deliveries in Dallas-Fort Worth this year.

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Hackers hit supermarket fridges across Europe again, three weeks after France

Hackers hit supermarket fridges across Europe again, three weeks after France

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  • 01AFP counted nine countries hit; SecurityWeek said 100+ stores; Danfoss said its controllers were involved again.
  • 02A Belgian refrigeration executive said attackers forced evaporators into defrost mode, the same technique used in France, and Lupovis said most login attempts it saw used publicly documented factory default credentials.
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