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Navigating Challenges in Retail Innovation and Data Privacy
The chapter delves into the challenges of reaching US consumers, particularly Gen Z, accentuating the importance of understanding generational behaviors and leveraging data for decision-making. Innovation in retail is explored through seamless technology integration like mobile checkouts and RFID inventory management, emphasizing the need for technology to enhance customer experiences. The discussion also touches on data privacy challenges, focusing on first party data, GDPR standards, and the importance of cautious data handling in the evolving regulatory landscape.