Frozen-food specialist Iceland was founded by entrepreneur Sir Malcolm Walker in 1970. Iceland also runs the Food Warehouse chain of larger food stores. Retail Week provides news, analysis, features and opinion about Iceland and the grocery sector.
Iceland is bringing in AI software to help decide how deep to cut prices on food nearing the end of its shelf life, aiming to reduce waste without sacrificing margin.
Welcome to the Solutions Spotlight partnership update: Retail Week’s round-up of the latest innovative technology and supply chain tie-ups in retail.
Iceland has partnered with a South Korean supermarket chain to launch frozen food concessions.
The retailer reportedly reduced retail losses and shrink by 80% after it adopted the computer vision technology, and is now exploring facial recognition technology in its stores.
Lord Richard Walker has argued that responsibility for addressing the high cost of living should be held by new prime minister Andy Burnham’s ‘No 10 North’ office.
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