Independent Retailer
JUNE 14, 2022
With inflation at its highest level in years, consumers are heavily weighing where and how to spend their hard-earned money. While some are splurging on big-ticket items before prices rise even higher, others are no doubt contemplating where they can save a few extra bucks here and there. It does not look like soaring prices will stop anytime soon, and both retailers and shoppers are suffering.
Small Biz Trends
JUNE 13, 2022
Ever heard the term “recession?” Chances are, your definition is quite different from what economists actually mean when they use the word. In this article, we’ll take a closer look at what a recession is and explore some of the reasons why this economic decline happens. What Does Recession Mean? A recession is a decline in economic activity spread across the economy, lasting more than a few months.
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Retail TouchPoints
JUNE 13, 2022
Editor’s Note: Be sure to check out Part 1 of this series focusing on evolving consumer perceptions of the metaverse. If the first quarter of this year was consumed with existential questioning — What exactly is the metaverse? Do we need to be a part of it? — Q2 appears to be the moment of action, when companies that answered “yes” to the second question have started to make their moves.
Retail Focus
JUNE 15, 2022
Shaftesbury has announced the opening of Minions: The Rise of Gru Record store at 19/21 Foubert’s Place. The vinyl pop-up brings a 70’s explosion back to Carnaby to celebrate the release of Illumination’s Minions: The Rise of Gru. Dubbed Despicable Discs, the one-stop vinyl swap shop will see visitors exchange their own records for groovy gems from the 1950s, ’60s and ’70s, with all records donated to Oxfam.
Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
Inside Retail
JUNE 17, 2022
After 90 years, the famous US cosmetics company Revlon has filed for Chapter 11 bankruptcy protection in order to restructure its debt. In a statement issued overnight Australian time, the company said the business would continue to operate as normal, with vendors and partners paid under normal terms for goods and services received after the filing date, and employees would continue to be paid as usual.
Retail Wire
JUNE 13, 2022
Apple this fall will introduce new software that provides users with a means to log into a variety of online accounts without having to enter a password. The technology has been designed to enter unique passkeys for verification.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Tokinomo
JUNE 14, 2022
Campaign scoop. Blind Taste Test. How to show that people appreciate your flavored sparkling water? A blind taste test. In this blind taste test, 17 people tried out Liquid Death’s flavored sparkling water and some of the most expensive beverages in the world. The comparison wasn’t really fair if you ask us. Watch the video to see the results. Spoiler alert: some people didn’t feel too good after “enjoying” the expensive beverages.
Inside Retail
JUNE 16, 2022
Hong Kong-listed Viva China, a major shareholder of Li Ning, is closer to taking control of British shoemaker Clarks after the company’s extraordinary general meeting approved the acquisition plan. Earlier this year, Viva China said it was in discussions with LionRock and intended to acquire a majority of the outstanding equity interests in Clarks by acquiring 51 per cent of the outstanding equity interests in the LionRock Capital Partners QiLe for US$62 million.
Retail Focus
JUNE 17, 2022
Railpen, the investment manager responsible for the safekeeping and administration of over £37 billion AUM for several pension schemes, announces the launch of global lifestyle brand kate Spade New York’s first outlet store in Scotland, at the designer village, Caledonia Park. Kate Spade will occupy a 1,630 sq ft unit opposite Scotland’s only Ralph Lauren outlet store, showcasing feminine lifestyle accessories, including the brand’s iconic handbags, attire, shoes, jewellery, and homeware.
Retail TouchPoints
JUNE 17, 2022
Walmart and Roku have announced a new partnership “to make TV streaming the next ecommerce shopping destination.” The new deal will push the boundaries of the burgeoning realm of “TV commerce” by allowing customers to shop and buy products from ads on the Roku streaming service, with Walmart serving as the exclusive retailer for the transactions. Viewers will be able to press “OK” on their remote when they see a product they like in a shoppable ad and proceed to checkout on their TV.
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Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.
Tokinomo
JUNE 15, 2022
When you walk into the supermarket, what makes you choose a bottle of pasta sauce over another one? Or a box of cereal over another brand? It's not just the price—it's the marketing. Marketing is how brands convince us that their pasta sauce tastes better, or that their cereal is healthier than all the others.
Inside Retail
JUNE 16, 2022
QBD Books is increasing its investment in Queensland,y opening a new store in Brisbane and an Australian Geographic store at Westfield Chermside. . QBD Books’ 85th store, in Westfield North Lakes, will be attended by two well-known locals, author Grantlee Kieza and illustrator Andy Geppert. The store opened on June 25. . The Australian Geographic store at Westfield Chermside, scheduled to open next month, will be the first standalone store under the banner in the state.
Retail Focus
JUNE 17, 2022
Architecture studio Sybarite have created a retail concept for the new Theory flagship store located on 101-113 Regent Street. This will be part of a ‘connected retail space’ with Uniqlo, also owned by Fast Retailing. It is the first time the two fashion brands have occupied a retail space in the same location in the UK and Europe. . Sybarite distilled the essence of Theory into a cohesive design language centred around timelessness, construction, balance, and openness.
Retail TouchPoints
JUNE 16, 2022
Internet of Things (IoT) technology and devices have been changing the nature of user experience for some time, as consumers gradually adopt mobile app-controlled technology like smart lighting, connected thermostats, home security systems and doorbell alerts. We expect to see that trend accelerate through 2022 and perhaps even pick up more speed in the latter half of 2023, in ways that give consumers and business users more options for connected experiences that continue to narrow the gap betwe
Speaker: Jay Black, Senior Account Executive
Let's set the record straight: in-store retail isn't dead - it's evolving! Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Join Jay Black in this exclusive session as he explores the strategies that set successful stores apart, including: Crafting unique and unforgettable in-store experiences 🛍️ Mastering the art of retail demands 🛒 Navigating inventory challenges in today's climate 📦 an
Retail Wire
JUNE 17, 2022
More Americans are heading out to stores to shop instead of going online. In-store sales grew 13.4 percent in May, according to Mastercard. Online sales were up 2.2 percent for the month.
Inside Retail
JUNE 15, 2022
The Reject Shop has tapped a former senior Bunnings and Officeworks executive as its new CEO. Phil Bishop (LinkedIn). Phil Bishop, who was most recently director of merchandise & marketing at Bunnings, also served as COO at Officeworks. His retail career started 30 years ago as a people greeter in a Target store. He will take over from Andre Reich who resigned suddenly in April, leading to the interim appointment of CFO Clinton Cahn to the role.
Retail Focus
JUNE 17, 2022
Gilly Hicks, a brand in the Abercrombie & Fitch portfolio offering activewear, loungewear and underwear, has today announced the opening of its new store located at 39 Carnaby Street, in the heart of London’s busiest shopping district. The new store opening is a part of the brand’s growth strategy, including an expanded product assortment, digital experience, and a reimagined brand purpose.
Retail TouchPoints
JUNE 15, 2022
Microsoft it is reportedly testing out a new retail marketplace in the U.S. on its Bing search engine, according to multiple news outlets. Called “Buy Direct,” the third-party marketplace is being integrated into Bing’s existing ecommerce experience, Start Shopping, where consumers can find products and are then directed to a retailer’s website to make the purchase.
Advertiser: ZoomInfo
Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr
Retail Wire
JUNE 17, 2022
Lego plans to invest $1 billion to build a new factory in Virginia. The move is being made to avoid supply chain disruptions to the U.S. market. “Our strategy to be close to our core markets has only been confirmed recently,” said Lego COO Carsten Rasmussen.
Inside Retail
JUNE 13, 2022
Melbourne’s Riverwalk Town Centre has been acquired for $12.3 million by Oreana Group from the state government’s property arm Development Victoria. The 3.01ha shopping centre site lies 35kms from the Melbourne CBD in the area of Werribee. Since 2011, the government property developer has been delivering homes, infrastructure and open space throughout the Riverwalk estate.
Retail Focus
JUNE 15, 2022
Miele has selected Touchwood shopping centre in Solihull as the location for its latest store. The German premium domestic appliance manufacturer has taken 2,000 sq ft on a new ten-year lease. The store takes the form of an ‘Experience Centre’ showcasing Miele’s most popular and sustainable appliances, and opened this week following a high-quality fit-out.
Retail TouchPoints
JUNE 17, 2022
The whole idea of aggregation was essentially born five years ago when the ecommerce industry recognized that digitizing the private equity playbook made a lot of sense. A focus on how to maximize digital real estate within Amazon was created — targeting digitally native brands and Amazon listings to build arguably one of the fastest growing companies in tech history.
Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali
Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.
Retail Wire
JUNE 16, 2022
A wide array of new products were on display at the Summer Fancy Food Show, including pasta in new shapes, such as cascatelli, a j-shaped pasta with ridges, and new drinks that mix vinegar syrup with fruit and sparkling water or alcohol.
Inside Retail
JUNE 13, 2022
Retail Zoo, the parent of Boost Juice and Betty’s Burgers, may be taken over by Quadrant, the private equity firm. Controlled by another equity investment firm, Bain Capital, Retail Zoo has in the past been eyed by Collins Foods, parent of the Australian KFC and Taco Bell franchises, but a deal was not struck. Bain has been considering listing the Retail Zoo business since 2019, but the advent of Covid-19 saw those plans put on hold.
Retail Focus
JUNE 15, 2022
Beaverbrooks, the 103-year-old family-owned jewellers with 71 stores nationwide, is expanding its portfolio with the launch of a new carefully curated concept luxury diamond, jewellery and watch brand – Loupe, which opened the doors of its highly anticipated flagship boutique on Thursday 9 th June 2022 at centre:mk in Milton Keynes. Set across 7,345 sqft, Loupe Milton Keynes will feature a dedicated showroom for prestigious watch brand, ROLEX.
Retail TouchPoints
JUNE 14, 2022
Luxury platform FARFETCH will accept cryptocurrency payments for all purchases on the FARFETCH Marketplace, with plans to expand to FARFETCH Private Clients in the coming months and to all customers in the U.S., UK and Europe by late 2022. FARFETCH conducted a successful cryptocurrency test at its Browns retail locations and select Off-White flagships in March 2022 using the global cryptocurrency platform Lunu , which provides both POS terminals for in-store transactions and an online widget.
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Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.
Retail Wire
JUNE 16, 2022
Amazon.com plans to kick off its Prime Day event at 3:00 a.m. ET and 12:00 a.m. PT on Tuesday, July 12th and run it through the end of July 13. The company did not provide a lot of details about the sales promotion but did promise “the lowest prices ever” on select products from Beats, Bose, iRobot, Sony and other brands.
Inside Retail
JUNE 14, 2022
Sydney-based clothing technology company Citizen Wolf has launched a crowdfunding program to fund expansion abroad. Citizen Wolf pioneered a technology that seeks to disrupt a traditional business model by making clothes only when they are ordered – a response to the problem that nearly a third of the clothing created each year goes to landfills, unsold.
Retail Focus
JUNE 15, 2022
Tessuti, the modern premium fashion store which is part of the JD Sports Group, has signed for a 12,900 sq ft store in Victoria Square. It will be moving into a prime location at the William Street entrance to the scheme. The new regional flagship store is set to open in quarter four of this year. Tessuti will be stocked with designer collections from an iconic brand mix across menswear, womenswear and childrenswear and will incorporate the new signature interior which will provide Belfast consu
Retail TouchPoints
JUNE 16, 2022
On-demand delivery company JOKR is shutting down its U.S. operations to focus on its core Latin America operations, according to emails sent to customers and suppliers seen by Bloomberg and other media outlets. The company will end operations in New York City and Boston after June 19, 2022 and lay off approximately 50 of its 950 global office staff members.
Advertiser: FourKites
Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.
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