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Retail AI Readiness Index (AIR)

  • Report

  • August 2023
  • Region: Global
  • IHL Consulting Group
  • ID: 5864343

Which retailers are ranked highest in Retail AI Readiness to take advantage of this both old and emerging technology? 

Who has their data in order, who has the scale and talent to take advantage of this transformational technology fully?

How do companies rank by $$$ impact and readiness?

This is what the Retail AI Readiness Index is all about. We rank North American publicly traded retailers by their position and potential impact of AI/ML and Generative AI. We include the impact by increased sales, improved gross margins, and improvements in sales and general administrative expenses. The retail labor shortage is not going away anytime soon. The retailers that can leverage automation, and AI specifically on operational issues will be the winners of the next decade.

Rankings available for the following: Top overall, FMCG (Fast Moving Consumer Goods), Apparel, Hard Goods, Health and Beauty, Restaurants, Ecommerce and total list. See below for the outline and About the Index tab for detail on how we went about the rankings.

While the AIR Index is a look at North American public retailers, this research paper goes through a summary the entire market worldwide by segment and quantifies the financial impact by segment and tier that AI, Generative AI, and Artificial General Intelligence will have through 2029.

Detailed Worldwide Forecast of Impact through 2029.

This detailed forecast is for companies that need to understand the opportunity for AI impact by solution area. So, if you want to know the impact AI will have on store systems or pricing, this product is for you.

Table of Contents


Definition of SegmentsOverview of the IndexRankings
Overall
  • Top 7 Retailers Overall by AI Readiness
  • Top 7 Retailers Overall by Financial Impact of AI 2022-2029
Fast Moving Consumer Goods (FMCG)
  • Top 7 Fast Moving Consumer Goods AI Readiness (Grocery, Mass Merchants, Warehouse Clubs)
  • Top 7 Fast Moving Consumer Goods by Financial Impact of AI 2022-2029
Apparel
  • Top 7 Apparel Retailers by AI Readiness (Apparel, Shoes, Luggage)
  • Top 7 Apparel Retailers by Financial Impact of AI 2022-2029
Hard Goods
  • Top 7 Hard Goods Retailers by AI Readiness (DIY, Electronics, Books, Furniture, Pets, Sporting Goods, etc.)
  • Top 7 Hard Goods Retailers by Financial Impact of AI 2022-2029
Health and Beauty
  • Top 7 Health and Beauty Retailers by AI Readiness (Drug Stores, Cosmetics)
  • Top 7 Health and Beauty Retailers by Financial Impact of AI 2022-2029
Restaurants
  • Top 7 Restaurant Chains by AI Readiness (Fast Food, Bar/Table Service)
  • Top 7 Restaurant Chains by Financial Impact of AI 2022-2029
Pure Play Ecommerce
  • Top 7 Ecommerce Retailers by AI Readiness (All segments for online only or mostly online retailers)
  • Top 7 Ecommerce Retailers by Financial Impact of AI 2022-2029
All 215 Retailers in the Index
  • List includes current revenues, AI Readiness score, total financial impact forecast for 2022-2029
  • Breakdown of impact by Sales Growth, Gross Margin Improvement, SG&A Improvement

Methodology

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