Thu.Oct 14, 2021

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Coles’ latest power agreement locks in 2025 renewable energy goal

Inside Retail

Supermarket Coles has finalised its plan to power its sites by 100 per cent renewable energy by the end of FY25, signing the last power purchase agreement needed to meet the target earlier this week. Recent agreements with Origin Energy, ACCIONA Energía, and ENGIE will allow Coles to cover its estimated energy costs from July 2025. Coles’ chief sustainability, property and export officer Thinus Keevé said he was proud that the supermarket has been able to cut a clear pathway to its renewable ene

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Remarkety Helps Retailers Email Customers at the Point of Online Purchase to Reduce Cart Abandonment

Retail TouchPoints

Remarkety , a data-driven ecommerce marketing platform, has launched Email Capture Booster. The solution was designed to strategically interact with the customer as soon as they add an item to their cart as a way to reduce abandonment. Email Capture Booster connects with customers once they have had time to show interest in a product, helping mitigate the risk of coming off as intrusive and turning prospective customers away.

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‘Not about products’: The genius of Moncler’s global, digital runway event

Inside Retail

Luxury French ski-wear brand Moncler staged a very different runway event recently. On September 25, in the midst of Milan Fashion Week, Moncler created a fashion show which took viewers on a digital journey to five major fashion cities to revel in the 2021 Mondogenius collection. The show was thoughtfully hosted by musician and Moncler ambassador Alicia Keys.

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Under Armour Promotes EMEA Head to Newly Created Chief Consumer Officer Role

Retail TouchPoints

Under Armour has named Massimo Baratto to the newly created role of EVP, Chief Consumer Officer, to oversee all aspects of Under Armour’s consumer strategy across global marketing, ecommerce and retail. Additionally, the retailer announced the upcoming departure of Chief Marketing Officer Alessandro de Pestel, who will leave in February 2022 to pursue other opportunities.

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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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Stockouts and Over-Stocking Affecting Your Revenue? Here’s the Solution

Intelligence Node

Inventory Optimization Techniques to Avoid Out-of-Stocks & Excess Inventory Costs Content Summary : What are Stockouts and Overstocking and Why Monitor Them? The True Business Cost of Stockouts & Overstocking Balancing the Trade-Offs between OOS & Excess Inventory 3 Common But Preventable Causes of Stockouts Solve Inventory Problems Before They Become a Problem We don’t […].

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Fanatics Targets Female Sports Fans in New Team-Up with Macy’s

Retail TouchPoints

Macy’s has joined a number of other major retailers — including Walmart , Kohl’s and JCPenney — in the Fanatics club after announcing a new partnership with the online sports merchandise retailer to increase its own online assortment of fan apparel 20X , according to multiple sources. Fanatics Founder and CEO Michael Rubin told the New York Post that the partnership with Macy’s will help Fanatics reach more women, a key target for the ecommerce company as sales of women’s sports merchandise have

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More Trending

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How Retailers Can Build ‘Forgivability’ to Survive a Cyberattack

Retail TouchPoints

Ecommerce fraud exploded during the COVID-19 pandemic as online shopping gave cybercriminals more targets. The average volume of successful monthly fraud attacks increased exponentially in 2020 for mid- and large-sized U.S. retailers, jumping 43% to 48% when compared to 2019. Criminals are also becoming more savvy. NuData , an online security firm owned by Mastercard, reported that 76% of attacks on retailers in the second half of 2020 were qualified as sophisticated, meaning they were harder to

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Camilla CEO: ‘I definitely didn’t have a grand career master plan’

Inside Retail

As CEO of the much-loved Australian women’s fashion brand, Camilla, Jane McNally has successfully steer the business through one of the most challenging periods in recent retail history, with a thriving online business and expanding physical store network clear evidence of her effective leadership. But she didn’t set out to be a CEO. In this interview with the head of the Australian Retailers Association Paul Zahra, McNally explains how she started her career in retail and some of th

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Walgreens beats earnings expectations

Retail Wire

Same-store sales at Walgreens rose 8.8 percent in the chain’s fourth quarter buoyed by COVID-19 vaccines and testing. Net income for the company was 72 cents per share compared to 43 cents per share for the same period in 2020.

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Hugo Boss raises 2021 outlook after strong third quarter

Inside Retail

German fashion retailer Hugo Boss on Thursday raised its outlook for the current year after third-quarter earnings rebounded above pre-pandemic levels on the back of strong demand in Europe and the Americas. The group now expects sales to grow by about 40% in 2021 on a currency-adjusted level, up from a previous target growth range of 30-35%. Operating profit (EBIT) is now seen at 175 million to 200 million euros ($273m to $312m), compared with a previous forecast for 125 million to 175 million

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How Retailers Are Transforming Customer Experiences with Data & 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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Starbucks closes two stores where workers sought to unionize

Retail Wire

Starbucks is calling the decision to close two stores where workers were seeking to form a union a coincidence. The chain said one of the locations is closing as part of a remodeling effort and will be reopened as a store to the public while the other will be converted into a training center. Starbucks Workers United has said that it believes the store closures were intended to disrupt unionizing activity. “Starbucks split up an entire store that they knew had a strong union majority and p

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Barbeques Galore unveils loyalty program, ditches ‘spend and save’ approach

Inside Retail

Barbeques Galore has launched a brand-new customer loyalty program, the Barbeque Legends Club, with a distinct offering of expertise and experience, following extensive market research by the brand. The new hub will house a mix of evergreen and seasonal aspirational and educational content, more than 30 free barbecue courses, paid masterclasses, member-only offers, and the opportunity to engage online with other barbecue aficianados.

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Senator calls for Amazon breakup

Retail Wire

Sen. Elizabeth Warren (D – MA) is calling for Amazon.com to be broken up following a Reuters report that the company’s Indian business copied products from other sellers, gave them preferential search placement and sold the items on its site. The news organization said that documents reveal that employees had access to proprietary data that they used to replicate popular products.

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Retail appointments of the week

Inside Retail

Lovisa CEO exits business after 12 years at the helm. After 12 years at the helm of jewellery retailer Lovisa, Shane Fallscheer has stepped down from his role as chief executive and managing director, effective October 14. Fallscheer will be succeeded by Victor Herrero, former Inditex Group head of Asia Pacific and managing director of Greater China and has committed to ensuring a smooth transition.

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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 XDR Solution to the Ransomware Problem

Cisco Retail

During a ransomware attack, it is critical to detect and respond early and quickly. By decreasing your mean time to detection in identifying the attacker’s behavior, your security team can quickly investigate and respond timely to prevent a ransomware incident. And, if you can interrupt the attacker’s tools, tactics, or techniques early in the process that will force most attackers to abandon the campaign as they cannot progress further along in the “kill chain”.

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Looks Can Be Perceiving: Startups Build Highly Accurate Perception Software on NVIDIA DRIVE

Nvidia

For autonomous vehicles, what’s on the surface matters. While humans are taught to avoid snap judgments, self-driving cars must be able to see, detect and act quickly and accurately to operate safely. This capability requires a robust perception software stack that can comprehensively identify and track the vehicle’s surrounding environment. Startups worldwide are developing these perception stacks, using the high-performance, energy-efficient compute of NVIDIA DRIVE AGX to deliver highly accura

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New SD-WAN Reporting Tool Makes Real-time Visibility Easier

Cisco Retail

Often, engineers from many teams (e.g., Network Engineering, Site Reliability Engineering, DevOps) can spend hours looking at bandwidth and performance data. A closed-loop corrective action (CLCA) process – looking for details to identify, analyze, and find or correct a problem – often is like looking for a needle in a haystack. New, easy to deploy, reporting tool for Cisco SD-WAN.

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McDonald’s to test McPlant burger

Retail Wire

McDonald’s announced that it will test the meatless McPlant burger in eight U.S. restaurants next month. The plant-based menu item from Beyond Meat is currently available at McDonald’s locations in Austria, Denmark, the Netherlands, Sweden and the UK.

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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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Dublin school digitizes learning with Cisco-powered network

Cisco Retail

Dublin’s Institute of Education prepares their private-tuition students to matriculate into a number of leading colleges and universities in Ireland and throughout the world through a customized, challenging curriculum that focuses on excellence, achievement, and innovation across 28 choices of subject study. Founded in 1969, the Institute has a 50-year history that prioritizes high standards, hard work, determination, honesty, and enthusiasm for learning with small class sizes and extracurricul

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Digital wine club Winc is going public

Retail Wire

Winc, a digital wine club, is going public on the New York Stock Exchange under the symbol “WBEV” The company’s subscriber based stood at 120,000 as of June 30, 2021. Winc acquired Natural Merchants, an importer of organic and biodynamic wines, sold at Trader Joe’s and Whole Foods.

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But Can It Run ‘Crysis Remastered?’ With GeForce NOW, Nearly Any Device Can

Nvidia

GeForce NOW members have the power of our NVIDIA RTX Servers to throw at their favorite PC games. They can use that power to stream Crysis Remastered today, and the complete Crysis Remastered Trilogy starting tomorrow — with the best performance and RTX graphics for Founders and Priority members. With this great GFN Thursday also comes in total of seven games joining the GeForce NOW library this week.

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Consumer prices rose in September

Retail Wire

The Consumer Price Index rose 5.4 percent in September as a combination of high demand and limited supplies led to further inflation. Economists are divided in their estimations of how quickly inflationary pressures will ease.

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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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Does Stitch Fix need stores?

Retail Dive

The apparel e-retailer has ruled them out in the past, but a recent business model shift and its customer acquisition needs could change that.

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Lowe’s launches its own digital ad network

Retail Wire

Lowe’s has launched Lowe’s One Roof Media Network, a digital platform that provides ad placement on Lowes.com, the chain’s mobile app and sponsored content on its site and social media pages.

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After a year of missteps, Ikea's e-commerce business appears to be heading in the right direction

Retail Dive

The retailer invested in its online operations and transformed stores into fulfillment points early in the pandemic. But it hasn't been easy.

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Grocery retailers expect center store to stay strong

Retail Wire

Retailers selling groceries have seen sales of center store categories pick up since the beginning of the pandemic last year and many expect that to continue. Forty-five percent reported that center store sales have grown more than 10 percent since the pandemic began, 18 percent saw revenues increase between five and 9.9 percent and 19 percent were flat to up 4.9 percent.

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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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Model behavior: How mannequins display retail's brand values

Retail Dive

Diversity in mannequin body size and gender can help shoppers see themselves reflected in a brand — and drive loyalty.

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Coldwell Arranges $3.3 Million Sale of 20,780-Square-Foot Retail Property in Orlando

Shopping Center

Orlando, Fla. — Coldwell Banker Commercial Sunstar Realty has arranged the $3.3 million sale of a 20,780-square-foot retail property located at 801 N. John Young Parkway in Orlando. Ray Brunner of Coldwell Banker Commercial Sunstar Realty represented the seller in… The post Coldwell Arranges $3.3 Million Sale of 20,780-Square-Foot Retail Property in Orlando appeared first on Shopping Center Business.

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Russians’ search for ever more convenience creates big new opportunities for retailers

Retail Times

The Russian food retail market – one of the largest in Europe with an estimated value of RUB 17.4 trillion (or about USD 240 billion) in the 12 months to the end of June 2021 – has undergone seismic changes in recent years. The latest trend driving the growth of the sector is Russians’ increasing demand for convenience shopping, with new retail champions emerging as a result.

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Grow your profitability with Cisco Secure

Cisco Retail

It’s October and that means it’s Cybersecurity Awareness Month. It’s a perfect time to have conversations with your colleagues, customers, family, and friends about the importance of cybersecurity not only in business but as part of our everyday lives. At the root of it, our customer’s cybersecurity challenges include people and complexity. So make sure you check out our Cybersecurity Awareness Month hub, we have a lot of great information coming out throughout the month that you can share wit

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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.