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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumer confidence level is still relatively low, says Forrester Research's Sucharita KodaliSucharita Kodali, Forrester Research retail analyst, joins 'Squawk Box' to break down PepsiCo's quarterly earnings results, what it says about the strength of the consumer, and more.
Persons: Forrester Organizations: Forrester Research
During a call with analysts after its February earnings, Walmart CEO Doug McMillon talked about the gen AI search capabilities in its app. As a technology company, Walmart has to experiment a lot, and in the case of adding generative AI search capabilities, there's a very low cost for failure, she said. AI and search, shopping business model shiftsIt's not only Walmart investing in this type of search in the retail sector. Amazon's AI shopping assistant Rufus lets people have a conversation with the platform about what they need rather than just looking for direct items. "Google is anxious is about search in general, and the question this raises is will it be a death by a thousand cuts for Google Search?"
Persons: Doug McMillon, McMillon, Marc Lore, Sucharita Kodali, Kodali, Sergey Brin, Brin, Rufus, Jacob Bourne, Bourne, it's Organizations: Google, Walmart, Amazon, Insider Intelligence, Ikea, Lowe's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer isn't spending with big brands typically associated with retail, says Sucharita KodaliSucharita Kodali, Forrester Research retail analyst, joins 'Squawk Box' to discuss the quarterly earnings results from Lowe's and Macy's, what they say about the U.S. consumer, and more.
Persons: Sucharita Organizations: Forrester Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's shaping up to be a 'pretty soft' holiday season, says Forrester Research's Sucharita KodaliSucharita Kodali, Forrester Research retail analyst, joins 'Squawk Box' to discuss the state of the retail sector on Black Friday, strength of consumer spending, and more.
Persons: Forrester Organizations: Forrester Research
In the two years since Andy Jassy replaced Jeff Bezos as Amazon’s chief executive, he has been cleaning up after his company’s aggressive pandemic expansion and after Mr. Bezos. Mr. Jassy has reined in Amazon’s voracious warehouse growth, culled from the company’s sprawl of products and laid off thousands of employees on several of Mr. Bezos’ pet projects. The suit focused on parts of the business that took off before Mr. Jassy gained control over the retail division. The redacted complaint mentions Mr. Bezos 16 times, and Mr. Jassy only twice. Mr. Jassy joins other big tech chief executives who have taken control of enormous businesses from idiosyncratic founders at difficult moments.
Persons: Andy Jassy, Jeff Bezos, Bezos, Jassy, , Sucharita Kodali Organizations: Federal Trade Commission, Amazon, Street, Forrester Research Locations: Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailForrester Research's Sucharita Kodali on Walmart: Top line may suggest consumer is flatliningSucharita Kodali, Forrester Research retail analyst, joins 'Squawk Box' to discuss Walmart's quarterly earnings results, which lifted its outlook for the full fiscal year after beating Wall Street’s expectations for sales and earnings, and more.
Persons: Forrester, Wall Organizations: Walmart, Forrester Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart shares dip despite second-quarter earnings beats. Here's how the pros are reactingJim Cramer, Sucharita Kodali of Forrester Research, Michael Lasser of UBS, and Rupesh Parikh of Oppenheimer discussed Walmart after the company reported second-quarter earnings that beat on the top and bottom lines.
Persons: Jim Cramer, Sucharita, Michael Lasser, Oppenheimer Organizations: Walmart, Forrester Research, UBS
Over the next three years, it plans to open eight large stores and nine smaller “plan and order points,” where customers can chat with design consultants and order products. “We see endless opportunities to grow” in the US, Tolga Öncü, head of Ikea Retail for the Ingka Group, Ikea’s Dutch holding company, said in a statement at the time. After splurging on home improvement projects during the pandemic, consumers are pulling back. Home improvement retailer Lowe’s lowered its profit and sales outlook for the year in May, saying consumers were spending less on home improvement. Ikea, which is not publicly traded, reported that its retail sales rose by 6.5% in fiscal year 2022, but didn’t post quarterly results.
Persons: , Michael Brown, Spencer Platt, Tolga Öncü, Karl Zimmermann, , Sucharita Kodali, Forrester, “ they’re, Zimmermann, Paul Bersebach, Marisa Ortega, splurging, Ethan Allen, ” Ortega, , Anna Cooban, David Goldman, Nathaniel Meyersohn, Parija Kavilanz Organizations: New, New York CNN, Ikea, Ikea Retail, Ingka, Bain, MediaNews, Orange, Register Locations: New York, Aldi, Long Beach , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail sector to have a tougher 2023 than 2022, says Forrester Research’s Sucharita KodaliSucharita Kodali, Forrester Research retail analyst, joins 'Squawk Box' to discuss Amazon's Prime Day, the state of the retail sector, and more.
Persons: Forrester Organizations: Forrester Research, Amazon's
NEW DELHI — The leading hospital in India’s capital limped back to normalcy on Wednesday after a cyberattack crippled its operations for nearly two weeks. Online registration of patients resumed Tuesday after the hospital was able to access its server and recover lost data. The attack was followed by a series of failed attempts to hack India’s top medical research organization, the Indian Council of Medical Research. “We are digitizing (everything), but then there is an attack on the country’s most important medical institute,” he said. Altaf Qadri / APOn Nov. 30, there were repeated but ultimately unsuccessful attempts to breach the website of the Indian Council of Medical Research, the Press Trust of India news agency reported.
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