Dominick Reuter

6 days ago | businessinsider.com | Ashley Rodriguez |Dominick Reuter |Henry Blodget

One of the best ways to deal with shoplifting is to prevent it from happening in the first place. That's the goal of Paris-based AI startup Veesion, which has developed an algorithm that can recognize gestures to predict potential retail theft incidents. "I happen to have an uncle in Paris that runs and operates three supermarkets, so I exactly know what shoplifting represents for retailers," cofounder Benoît Koenig told Business Insider.

1 week ago | businessinsider.com | Ashley Rodriguez |Dominick Reuter |Henry Blodget

Artificial intelligence can do a growing number of tasks, but there's a lot it can't do. "AI isn't going to fix a hole in your roof," said Lowe's CEO Marvin Ellison. "It's not going to respond to an electrical issue in your home. It's not going to stop your water heater from leaking."Speaking Tuesday at Business Roundtable's CEO Workforce Forum in Washington, DC, Ellison highlighted the large unmet demand for skilled trades workers in the US.

1 week ago | businessinsider.com | Ashley Rodriguez |Dominick Reuter |Henry Blodget

Costco is about to find out how popular its gas really is. The wholesale club is planning to build a stand-alone 40-bay gas station in Mission Viejo, California, a suburb of Los Angeles. The project comes after the company recently extended operating hours at several of the gas stations at its warehouses. Executives said the strategy led to a distinct uptick in sales. The new development will be about two miles from two existing Costco warehouses, one of which already has a gas station.

1 week ago | businessinsider.com | Ashley Rodriguez |Dominick Reuter |Katherine Tangalakis-Lippert |Alex Bitter

On paper, Target is struggling. Shopping in some of its stores offers clues as to why. The retailer has reported lackluster financial performance over the past two years. Its sales have struggled to grow while competitors like Walmart and Costco have posted strong gains. The Minneapolis-based retailer's growth soared during the pandemic years, but it has since reported declining comparable sales in five of the last eight quarters. Visits are also down this year.

2 weeks ago | businessinsider.com | Sarah Gray |Dominick Reuter |Henry Blodget

Some Costco employees are worried early opening plans could be headed for a rocky start. The wholesale club confirmed in a Wednesday email to members that it will begin opening its doors at 9 a.m. for Executive members. Workers on social media say they're not looking forward to the changes. One front end manager told Business Insider he's heading into the June 30 schedule change with a smaller payroll budget than he had to work with a year ago.