A Majority Of Belgians Concerned About Purchasing Power, Study Finds

Around 88% of Belgian shoppers are concerned about their purchasing power, according to a new study by Aldi. The survey of 1,000 Belgians found consumers are increasingly relying on private labels, promotions and discounts to free up budget for discretionary spending. While 97% plan to watch household budgets closely this year, nearly half intend to save even more than in 2023. Grocery shopping is seen as the second biggest opportunity to save money after energy bills.

Retailers Double Down on AI: Big Investments Aim for Innovation and Personalization

  • Retailers plan to invest heavily in AI this year, with many doubling their IT budgets.
  • Survey finds AI is seen as a driver of innovation, reduced risk, and sales growth.
  • Top challenges include ensuring data accuracy, cybersecurity, and privacy.
  • AI is being used to improve customer experience, personalize marketing, and develop new products.

Study: Retail tech investments will rise 10% in 2024

Technology will be a retail industry investment priority for 2024. That's according to a survey of 100 retail executives from large companies conducted by IT consulting and digital services provider Softstream and Wakefield Research in which 99% of respondents predict a surge of technology investments to happen this year.

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