retail industry

UBS analysts published research arguing that AI shopping agents could significantly reshape hardline, broadline and food retail. The report examines how automated assistants that search, compare and purchase on behalf of consumers may alter how customers find products, shift pricing power and change the role of retailers' websites and brands in the buying process.

The central banks of Hong Kong and Indonesia are deepening cooperation on cross-border QR code payments, aiming to make retail payments between the two economies faster and more interconnected. The move fits a broader regional push, led by Southeast Asian regulators, to link national payment systems and reduce reliance on traditional correspondent banking channels for everyday transactions.

Kroger is trialing a significant change to its store opening hours for customers. The grocery chain is among the largest supermarket operators in the United States, so any adjustment to when stores open and close could affect millions of shoppers' routines. Details of which regions are affected and whether the change could roll out nationwide were not provided.