Ralph Lauren has appointed Christopher Conrad for the role of Chief Digital and Technology Officer as Janet Sherlock prepares to retire. According to a January report by Databricks, retailers and consumer packaged goods companies are leading the way in investments in data and AI. According to a January report by Databricks, retailers and consumer packaged goods companies are leading the way in investments in data and AI. In her retirement message, Sherlock spotlighted Ralph Lauren’s recent AI initiatives, which have significantly impacted inventory optimisation, forecasting, and consumer engagement. Despite a slight revenue increase in its May earnings report, Ralph Lauren anticipates profit declines in the near future.

Source: Forbes July 19, 2024 23:14 UTC