/innovation/taxonomy/term/113/all en /innovation/channels/news/retail-gen-ai-hackathon-one-part-aldo-groups-artificial-intelligence-efforts-358133 <p>Generative artificial intelligence promises to transform the way business is done, but in most industries, it’s still unclear exactly how it will be used. Footwear retailer ALDO is working with Montreal’s cluster of AI talent to explore how to leverage this emerging technology. In October 2023, ALDO staged its first Retail Gen AI Hackathon in partnership with the <strong>Bensadoun School of Retail Management</strong> and Amazon Web Services. The event offered over $10,000 in prizes to teams that worked collaboratively to devise generative AI solutions to real world retail challenges.</p> Thu, 25 Jul 2024 19:26:30 +0000 admin 74325 at /innovation /innovation/channels/news/pricing-models-fitness-memberships-often-hide-hidden-fees-357949 <p>Gym memberships come with varying price tags and fee structures that can be confusing. Often, a membership contract can come with unanticipated charges. In addition to monthly fees, some charge for signing up, cancellation costs, and annual dues, which is why it is important to do research before signing up, according to Bensadoun School of Retail Management Executive Director <a href="/newsroom/charles-de-brabant"><strong>Charles de Brabant</strong></a>. “You don’t necessarily understand the natural pitfalls until you fall into them,” he tells The Globe and Mail.</p> Mon, 15 Jul 2024 18:05:10 +0000 admin 74309 at /innovation /innovation/channels/news/even-challenging-times-department-stores-quebec-based-simons-expanding-357923 <p>The rise of e-commerce decimated the business of department store chains, with names like Nordstrom pulling out of Canada altogether. But, department store chain Simons recently announced it is opening two new stores in Toronto. The Quebec City-headquartered retailer has slimmed-down offerings, with no in-store furniture sales or fragrance counters and lots of private label clothing brands.</p> Tue, 09 Jul 2024 18:37:28 +0000 admin 74303 at /innovation /innovation/channels/news/formula-drivers-are-celebrities-many-shy-away-limelight-357767 <p>Formula One drivers are undoubtedly celebrities, but many prefer to stay out of the spotlight. According to Professor <a href="/desautels/karl-moore"><strong>Karl Moore</strong></a>, while many sports involve team efforts, F1 drivers face the unique challenge of competing solo, even against teammates. Despite the fame, many are introverts who have dedicated their lives to their passion, often sacrificing a typical adolescence for their sport.</p> Wed, 19 Jun 2024 15:56:16 +0000 admin 74288 at /innovation /innovation/channels/event/mmr-online-information-session-monday-december-2-2024-357733 <p><big>Join us for an online information session to learn about the new Master of Management in Retailing program at ƻ����Ժ.</big></p> <p><strong>Date: </strong>Monday, December 2, 2024</p> Mon, 17 Jun 2024 15:47:16 +0000 admin 74284 at /innovation /innovation/channels/event/mmr-online-information-session-monday-november-4-2024-357734 <p><big>Join us for an online information session to learn about the new Master of Management in Retailing program at ƻ����Ժ.</big></p> <p><strong>Date: </strong>Monday, November 4, 2024</p> Mon, 17 Jun 2024 15:47:23 +0000 admin 74283 at /innovation /innovation/channels/event/mmr-online-information-session-monday-october-7-2024-357735 <p><big>Join us for an online information session to learn about the new Master of Management in Retailing program at ƻ����Ժ.</big></p> <p><strong>Date: </strong>Monday, October 7, 2024</p> Mon, 17 Jun 2024 15:47:28 +0000 admin 74282 at /innovation /innovation/channels/event/mmr-online-information-session-monday-september-9-2024-357736 <p><big>Join us for an online information session to learn about the new Master of Management in Retailing program at ƻ����Ժ.</big></p> <p><strong>Date: </strong>Monday, September 9, 2024</p> Mon, 17 Jun 2024 15:47:33 +0000 admin 74281 at /innovation /innovation/channels/event/mmr-online-information-session-monday-august-19-2024-357737 <p><big>Join us for an online information session to learn about the new Master of Management in Retailing program at ƻ����Ժ.</big></p> <p><strong>Date: </strong>Monday, August 19, 2024</p> Mon, 17 Jun 2024 15:47:37 +0000 admin 74280 at /innovation /innovation/channels/news/bensadoun-school-retail-management-sheds-light-understudied-sector-economy-357713 <p>From Walmart to Amazon to Shopify, the retail sector is big business and incredibly important for the economy. However, there is little retail-specific education available, according to<a href="/newsroom/charles-de-brabant"><strong> Charles de Brabant</strong></a>, Executive Director of the<strong> <a href="/bensadoun-school/">Bensadoun School of Retail Management (BSRM)</a></strong><a href="/bensadoun-school/">,</a> in an interview with Paula Macaggi for the OFFbounds podcast.</p> Thu, 13 Jun 2024 18:19:59 +0000 admin 74273 at /innovation /innovation/channels/news/embracing-retail-innovation-mcgill-universitys-master-management-retailing-explores-dubai-357098 <p>ƻ����Ժ’s <strong>Master of Management in Retailing (MMR)</strong> students have returned from an enlightening journey through Dubai's dynamic retail landscape. Led by industry experts, the week-long study trip provided unparalleled insights into retail strategy and innovation in the Gulf region.</p> Fri, 26 Apr 2024 17:08:00 +0000 admin 74137 at /innovation /innovation/channels/news/temus-low-prices-are-drawing-consumers-despite-product-quality-issues-356135 <p>The online marketplace Temu, launched in 2022, has become one of the most downloaded apps in North America. The platform is known for ultra-low prices, though the quality and safety of the products it sells are sometimes suspect. “If I understand their business model correctly, they sell products at a loss, and make money from the data they collect,” said <strong>Bensadoun School of Retail Management</strong> (BSRM) Executive Director <a href="/newsroom/charles-de-brabant"><strong>Charles de Brabant</strong></a> in an interview with Radio-Canada.</p> Thu, 14 Mar 2024 16:44:20 +0000 admin 74042 at /innovation /innovation/channels/news/montreals-la-vie-en-rose-wise-take-gradual-approach-us-expansion-355561 <p>Lingerie retailer La Vie en Rose operates in 20 countries, but they haven’t expanded to the neighbouring United States – until now. The Montreal-headquartered company is opening three stores in New York state, with an eye cast toward operating nationwide one day. But with a more crowded market for lingerie in the United States, they’re taking a cautious approach.</p> Tue, 20 Feb 2024 19:18:33 +0000 admin 73994 at /innovation /innovation/channels/news/businesses-would-benefit-deeper-understanding-artificial-intelligence-355252 <p>Generative AI has recently garnered significant attention, yet many individuals possess only a superficial understanding of the technology, as outlined by <a href="/desautels/maxime-cohen" target="_blank"><strong>Professor Maxime Cohen </strong></a>in an open letter published in Le Devoir. Co-authored with Pierre Graff, Marie-Chantal Leduc, and Bertrand Milot, the letter emphasizes the necessity for businesses to enhance their comprehension of what AI can offer and what it cannot.</p> Tue, 06 Feb 2024 19:57:50 +0000 admin 73948 at /innovation /innovation/channels/news/times-crisis-there-can-be-benefits-diversifying-messages-across-different-social-media-accounts-355106 <p>We live in an age of information, and we’re able to obtain it through many different channels. During disasters, many people turn to social media, and there is an orthodoxy in the field of crisis communications that organizations should speak in a consistent voice across different accounts and platforms. But<a href="/desautels/changseung-chang-yoo"><strong> Changseung Yoo</strong></a> is challenging that notion.</p> Tue, 30 Jan 2024 16:23:01 +0000 admin 73937 at /innovation