Fri.Jul 08, 2022

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Athleta Unveils More Details of Outlet Expansion in North America

Retail TouchPoints

Athleta is moving ahead with its announced plans to open 30 to 40 new stores during FY 2022. The next two locations slated to open will be Chicago Premium Outlets in Aurora, Ill. this summer, and Leesburg Premium Outlets in Leesburg, Va. this fall. The Chicago location will feature more than 3,100 square feet of space and the Virginia store will have 3,300 square feet.

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Newmark Property REIT buys $57m Brisbane bulky goods mall

Inside Retail

A large format retail property in Brisbane has been acquired for $57 million by Newmark REIT Management. The purpose-built 2.8-hectare property features an 11,115sqm lettable area with a tenancy mix of national retailers including Officeworks, Sydney Tools and Supercheap Auto. It is located 20kms southeast of Brisbane’s CBD, adjacent to Bunnings Underwood on a busy corridor.

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CNBC: GameStop Replaces CFO for Being ‘Too Hands Off’ as it Prepares Corporate Staff Cuts

Retail TouchPoints

GameStop has named Diana Saadeh-Jajeh, the retailer’s Chief Accounting Officer, as CFO, effective immediately. She replaces Michael Recupero, who has been terminated. Recupero was reportedly pushed out by Chairman Ryan Cohen “because he was not the right culture fit” and was “too hands off” as the company prepares for a round of layoffs as part of an aggressive turnaround plan, a person familiar with the matter told CNBC.

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Dallas Cowboys criticized over Black Rifle Coffee deal

Retail Wire

The Dallas Cowboys football team is facing criticism on social media after the team announced a partnership with Black Rifle Coffee following the recent mass shooting events at Robb Elementary School in Uvalde, TX, and at a Fourth of July parade in Highland Park, IL. Black Rifle’s products have names that include “Silencer Smooth Coffee Rounds,” “AK-47 Espresso Blend” and “Murdered Out Coffee Roast.”.

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Get MACH Ready: Preparing Your Business for Digital Transformation

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.

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CVS Health Appoints First-Ever Chief Data, Digital and Technology Officer

Retail TouchPoints

CVS Health has appointed Tilak Mandadi as both EVP and a new role, Chief Data, Digital and Technology Officer. Mandadi will start in the role July 25, 2022, managing the company’s data, digital and technology strategy while overseeing growth and innovation through digital-led, consumer-focused experiences and services. Prior to joining CVS Health, Mandadi was Chief Strategy, Innovation and Technology Officer of MGM Resorts International.

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Newmark Property REIT buys $57m Brisbane bulky goods mall

Inside Retail

A large format retail property in Brisbane has been acquired for $57 million by Newmark REIT Management. The purpose-built 2.8-hectare property features an 11,115sqm lettable area with a tenancy mix of national retailers including Officeworks, Sydney Tools and Supercheap Auto. It is located 20kms southeast of Brisbane’s CBD, adjacent to Bunnings Underwood on a busy corridor.

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Black Creatives Have a Few Weeks Left to Apply for a #BlackVisionaries Grant

Small Biz Trends

Meta, parent company of Instagram and Facebook, is partnering with the Brooklyn Museum for a 2022 small business grant program to support Black creatives. The 2022 #BlackVisionaries Grant Program. The 2022 #BlackVisionaries program will provide $650,000 in grants to Black artists, Black designers, and Black small businesses. Ten creators will receive grants during this round.

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Northern Tool Builds Up its Omnichannel Foundation With Brick-and-Mortar Expansion

Retail TouchPoints

Launched by Don Kotula in 1981 as a mail-order business that offered a patented log splitter design, Northern Tool & Equipment moved into brick-and-mortar retail later that year, expanded online in the 2000s and is now a leading omnichannel retailer for tradespeople, DIY enthusiasts and hobbyists. While the company maintains its Kotula family roots, with Don’s sons Ryan and Wade as owners, the last two years have seen Northern led by CEO Suresh Krishna.

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In the News: Grants up to $35K for Businesses and Entrepreneurs

Small Biz Trends

From new entrepreneurs starting their very first enterprise to well-established businesses with years of experience, access to funds is a common issue they both share. One way to overcome this issue is by applying for grants to access funds in order to solve specific issues. The grants in the week’s roundup want to help everyone from new and student entrepreneurs to businesses owned by women of color, as well as established businesses facing different challenges.

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Why Brand Matters More Than Ever, Even on Amazon 

Retail TouchPoints

Third-party marketplaces have taken over the online ecosystem — consumers are drawn to the vast product selection, price transparency and convenient delivery options leading marketplaces to become the primary vehicle for many online shoppers. A whopping 92% of U.S. consumers use online marketplaces , and those marketplaces account for 42% of consumers’ total online shopping spend on average.

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From Data to Decisions: Maximizing Retail Potential with AI

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.

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Simplified SaaS Security for MSPs – Cisco Secure is now open in Canada

Cisco Retail

Managed services are an essential and fast-growing part of the security market, growing 14% annually. This opportunity presents new challenges MSPs must juggle day to day, including onboarding vendors and driving customer acquisition, all while making sure to provide robust IT solutions for your diverse set of clients. Clients are demanding more security and capabilities for a hybrid workforce, which provides a great opportunity for MSPs like you to grow your business.

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Harness the Power of BNPL to Build Stronger Brand Equity

Retail TouchPoints

In an increasingly competitive marketplace, retailers are now facing the challenge of capturing and maintaining market share and keeping their customers loyal. The good news is that since its global popularization in 2020, Buy Now Pay Later (BNPL) has become a real game-changer for merchants looking to boost their business. For shoppers, BNPL is a seamless payment method that helps break up their purchases into several installments, bringing more cash flow and budgeting flexibility.

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July is National Independent Retailer Month

Small Biz Trends

The entire month of July is dedicated to celebrating Independent Retailers. National Independent Retailer Month is used to recognize independent retailers who support local economies. Across the U.S., there are some 143,853 small business retailers who sell a diverse range of products. From groceries, and furniture to clothing and footwear to books and art supplies and everything in between.

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Retailers discount, discount, discount to make room for new merchandise

Retail Wire

Retailers are discounting goods to move excess inventory at a time when port backlogs are easing.

ATS 130
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Forrester Report: Demystifying The Technical Functions of POS Solutions

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.

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The Best Commercial Fire Extinguisher for Your Business

Small Biz Trends

Fire extinguishers are usually the first line of defense against devastating blazes. For businesses, a commercial fire extinguisher is a critical piece of equipment that can save life and property in case of a fire emergency. Besides, the Occupational Safety and Health Administration (OSHA) requires employers to provide employees with portable fire extinguishing equipment that they can use to fight incipient stage fires in the workplace.

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Levi’s beats the street

Retail Wire

Levi Strauss’ sales rose 15 percent in the second quarter as the denim giant posted earnings per share that were 26 percent higher than last year. “Although the operating environment remains dynamic, the diversity of our business is providing the resilience and flexibility needed to drive solid financial results in fiscal year 2022, while progressing us on our path to achieve net revenues of $9 to $10 billion and adjusted EBIT margin of 15% by fiscal year 2027,” said CFO Harmit

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Is AGM Mobile’s Glory G1S Rugged Phone Good For Businesses?

Small Biz Trends

If you feel rugged smartphones are a must for your line of work, you might be glad there isn’t an endless selection. But even so, choosing one can still be a chore. Apart from expected features like flashlights, walkie-talkie functions and a heavy armored feel, it’s really the functional differences between one rugged handset versus another that would drive your final decision.

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GameStop fires CFO and plans to cut staff

Retail Wire

GameStop has fired CFO Michael Recupero and named Diana Saadeh-Jajeh, the company’s chief accounting officer, to replace him. CEO Matt Furlong has also sent a memo to employees about other unspecified layoffs. “We’re making a number of reductions to help us keep things simple and operate nimbly with the right talent in place,” wrote Mr. Furlong.

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

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Score Up to 46% Off the Cost of Blink Security Devices

Small Biz Trends

Amazon Prime Day isn’t until next week (July 12-13). But Prime members can score a deep discount on Blink home security tech with an Early Prime Day deal. Up to 46% Off Blink Devices with an Early Prime Day Deal. If you’ve been considering investing in some peace of mind for your business or home, this early Prime Day deal is a great time to get Blink home security devices.

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Employers added way more jobs than expected in June

Retail Wire

The recession may need to wait. Employers added 372,000 jobs in June, significantly higher than the 200,000 to 300,000 expected by economists. “The U.S. labor market is defying gravity,” said Becky Frankiewicz, chief commercial officer of ManpowerGroup. “Fears of a possible recession stoked by inflation and an aggressive Fed are eclipsed by the simple reality that employers can’t hire fast enough to meet demand.”.

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Cisco and Enterprise Management Associates Present: Transforming your network for hybrid work.

Cisco Retail

Hybrid work is here to stay. Research from Enterprise Management Associates (EMA) states that 85% of organizations have experienced a permanent increase in the number of employees working from home at least part-time. Organizations see the positive impacts this added flexibility has on productivity, wellbeing, and retention. What may not be as clear is how to manage the different demands placed on the network as more organizations shift from exclusive office or home-based settings to a hybrid mo

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Amazon cancels airport cargo center after unions push back

Retail Wire

Labor unions and other groups that opposed a proposed Amazon.com airport cargo center at Newark Liberty International Airport have succeeded in blocking the project. The retail and tech giant said it was abandoning the project and will likely look for another hub location to help it serve the Northeast.

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The Personalization Playbook: 2024 Strategies

Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.

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OMA designs Tiffany & Co pop-up in Paris to take visitors on a "journey across time"

Dezeen

Architecture studio OMA has created a pop-up shop for Tiffany & Co in Paris that showcases an assortment of pieces from the jeweller's 185-year history. The pop-up is located in the eighth arrondissement and functions as a cross between a boutique and an exhibition, spotlighting Tiffany pieces from both past and present. Visitors enter the Tiffany & Co pop-up in Paris through a blue rotunda.

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CVS creates new position focused on tech strategy and business growth

Retail Wire

Tilak Mandadi has been named to fill the newly created role of chief data, digital and technology officer at CVS. Mr. Mandadi, who previously served as chief strategy, innovation and technology officer at MGM Grand Resorts, will report directly to CVS CEO Karen Lynch.

ATS 100
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Levi's denim remains strong in Q2 as more people wear jeans to work

Retail Dive

The brand’s stores outpaced online sales in the period, but its creation of a new chief digital officer role reflects its confidence in e-commerce.

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MuleSoft + Salt Security for Advanced API Security at Takeda Pharmaceuticals 

Mulesoft

APIs fuel stunning digital innovation and creative attacks by bad actors looking for unauthorized access to accounts or valuable data. API attacks grew 681% in a 12-month period compared to a 321% increase in overall API traffic. MuleSoft and Salt Security are teaming up to provide comprehensive API security needed to protect APIs across build […].

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How Personalized Customer Experiences Drive Retail Growth and Revenue

Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach

More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio

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GameStop fires CFO, reportedly plans layoffs

Retail Dive

The retailer has cycled through two top executives hired under Chairman Ryan Cohen, and is cutting corporate staff as it bets on the future of gaming.

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Opinion: what are the alternatives to offering discounts?

Retail Times

Many businesses turn to discounts when they look to grow their customer base. It may work in the short term by driving one-off sales, however, these customers won’t usually develop any affinity with your company – they’ll be hard to retain. Instead, in the long run, you could end up with an audience of bargain hunters expecting low prices, rather than a growing base of loyal customers who value your product.

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The Weekly Closeout: Ulta, The Allure Store partner and UK antitrust watchdog takes on Amazon

Retail Dive

Ulta announced a pop-up with the retail arm of the magazine, and Amazon is being investigated over its marketplace practices.

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Orange County Private Partnership Sells KFC-Occupied Location in Perris, California in $3.7M

Shopping Center

PERRIS, CALIF. — An Orange County, Calif.-based private partnership has completed the disposition of a restaurant property located at 2560 N. Perris Blvd. in Perris. A Riverside County, Calif.-based local family office acquired the asset for $3.7 million, or $1,706.82… The post Orange County Private Partnership Sells KFC-Occupied Location in Perris, California in $3.7M appeared first on Shopping Center Business.

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Planning the Architecture of Your Modular DXP

Are you considering moving away from a monolith platform and over to composable architecture? Join experts from Google Cloud, GroupBy, and Orium as they discuss the benefits of moving to a modular digital experience platform. In this masterclass, uncover key indicators that show your brand is ready for a modular DXP, and learn how to lay the foundation for composable commerce.