UBS Finds Widespread AI Usage Among U.S. Softlines Retailers, Names Sector Favorites
A UBS benchmarking study indicates that 43 of 45 U.S. softlines retailers in its coverage universe now employ artificial intelligence in some capacity. The bank says companies are guarded about disclosing AI use, viewing these tools as potential competitive advantages. UBS argues AI could lift efficiency, sales, margins and return on invested capit…