Wed.Jul 26, 2023

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Top 6 Tools For Retail Promotion

Retail Focus

Promotion of any product or service in the modern world is not an easy topic. A high level of competition never allows market participants to relax and stand in one place. Retail is a particularly difficult mechanism to promote, because it is a large–scale business. However, it is quite realistic to promote it. We have collected several tools in order to promote the retail business easily and clearly.

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Sydney store Cosette accused of selling ‘superfake’ designer goods

Inside Retail

Discounted designer goods retailer Cosette has been alleged of selling counterfeit goods and ‘superfakes’ following an investigation by media outlets. New South Wales Fair Trading has now received more than 25 complaints following reportage by The Sydney Morning Herald and A Current Affair. Many buyers have revealed that their designer bags were indeed ‘fake’ after authenticity checks failed to ensure the legitimacy of products.

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Teamsters, UPS Contract Agreement Averts Strike

Retail TouchPoints

UPS and the International Brotherhood of Teamsters union have reached a labor agreement affecting approximately 340,000 workers nationwide, averting a strike that could have severely affected deliveries both to companies and directly to consumers. The five-year deal, which still needs to be ratified by the Teamsters rank-and-file, has been unanimously endorsed by the UPS Teamsters National Negotiating Committee.

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Dan Murphy’s opens new concept store in Sydney

Inside Retail

Drinks retailer Dan Murphy’s has opened a premium concept store in Sydney’s Martin Place for the precinct’s corporate clientele. The new Cellar concept boasts a “reduced floor format” compared to a typical Dan Murphy’s offering and is stocked with a range of high-quality wines, bespoke spirits, and curated beers. The store also features a temperature-controlled setting showcasing rare, back-vintage, and hard-to-source Australian and international wines.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

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.

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Retail Tech Checklist: What does a brick and mortar retailer need in its tech stack?

Tokinomo

While the COVID-19 pandemic has speeded up the adoption of online shopping, this doesn’t mean that brick-and-mortar stores are doomed. Actually, more than 80% of retail sales take place in stores. However, physical retailers should continue to innovate and find ways to attract and engage shoppers in stores.

Shopping 180
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Authentic Brands Group buys Rockport out of bankruptcy

Inside Retail

Global brand development company Authentic Brands Group has bought footwear label Rockport from bankruptcy. Last month, Rockport filed for bankruptcy under Chapter 11 in the District of Delaware , for the second time in five years. Authentic Brands said the acquisition expands its “diverse footwear portfolio” with a “trusted brand”. Jamie Salter, founder, chairman and CEO of Authentic Brands, said Rockport’s core consumer is “more active” than ever.

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Putting the Feeling Back into Experiences 

Retail TouchPoints

The location-based experience marketplace is projected to grow to $12 billion by the end of 2023 , clearly demonstrating an ever-increasing appetite for experiences. However, with so many on offer, how can brands ensure they are using the physical space effectively, connecting with customers, and evoking feelings consumers will never forget? Present-day tech advancements, as well as consumer demand, provide an opportunity for brands to seize the moment, increase footfall and fend off online comp

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ESG reporting is ballooning: Is it only the lawyers who benefit?

Inside Retail

ESG reporting is an organisation’s public communication of its performance in the areas of environmental, social and corporate governance. The purpose, presumably, is so that consumers, investors and non-profits can make better-informed decisions: respectively, which products to buy, which companies to invest in, and which companies to crucify or hold up as model citizens.

Consumer 130
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Gap Picks Mattel Exec as New CEO

Retail TouchPoints

Gap Inc. has named Richard Dickson as its new President and CEO, effective Aug. 22, 2023. Dickson will replace Board Chair Bob Martin, who has been serving as Interim CEO since the July 2022 departure of then-President and CEO Sonia Syngal. Earlier this week, the retailer named Chris Blakeslee President and CEO of its Athleta brand. Dickson comes to Gap from Mattel , where he served as President and COO and was a lead architect of the global corporate transformation that has revitalized iconic b

Wholesale 177
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Gap Inc appoints Richard Dickson as president and CEO

Inside Retail

US-based apparel company Gap Inc has tapped experienced turnaround agent Richard Dickson as its new president and CEO, effective August 22. Dickson’s most recent role was president and COO of toy manufacturer Mattel where – among other achievements – he led a revival of the Barbie brand. He was appointed to Gap’s board of directors in November 2022.

Apparel 130
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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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10 Tips for Designing Aesthetics for Your Retail Business Online Store

Retail Focus

In today’s highly competitive digital landscape, aesthetics play a pivotal role in attracting and retaining customers to your online retail business. It’s no secret that customers respond better to visually pleasing sites and stores, and retailers need to make the most of this if they want to stand out in a crowd of thousands of online sites. The visual appeal of your website is crucial in creating a lasting impression and enhancing user experience.

Returns 130
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Fresh leasing opportunities at ACT’s Majura Park shopping centre

Inside Retail

Retailers seeking new opportunities to secure a space within the ACT’s most convenient shopping destination, Majura Park Shopping Centre, now have the chance, with a range of speciality retail shops, ranging from 63sqm to 115sqm, now available for lease. Located along a key traffic corridor that connects all major residential areas across the ACT and beyond, and on the doorstep of the bustling Canberra Airport precinct, Majura Park is home to major retailers such as Costco, Ikea, Bunnings Wareho

Shopping 130
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French Antitrust Watchdog Issues Statement of Objection Over Apple App Tracking

Retail Wire

France’s antitrust watchdog has issued a statement of objection against Apple, raising concerns that the tech giant may have violated regulations related to the use of iPhone user data for advertising purposes. The watchdog is worried that Apple could be abusing its dominant position by implementing discriminatory and non-transparent conditions for using user data in.

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Trusted Training for Trusted Solutions: Cisco Validated Framework Tutorials on Cisco U.

Cisco Retail

There are things in life that just go better together. Salt and pepper. Fish and chips. Chili and cheese. Another perfect pairing, if you’re hungry for tech training, is the combination of Cisco U.

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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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LVMH Earnings Suggest Luxury Spending Is Suddenly Slowing in the U.S.

Retail Wire

Luxury goods giant LVMH reported a surprising 1% drop in U.S. sales during the second quarter, indicating a potential slowdown in luxury spending in the country. The company’s CFO, Jean-Jacques Guiony, attributed the decline to aspirational customers no longer spending on entry-level products, potentially due to the fading stimulus payments after COVID.

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Plantea Estudio designs intentionally unfinished Veja store "to look like we didn't do anything"

Dezeen

Raw finishes and brutalist interventions feature in footwear brand Veja 's first dedicated shop in Madrid , complete with an in-house shoe repair workshop and interiors designed by local firm Plantea Estudio. The retail space is housed in a building in the centre of Madrid, which has functioned as a shop, a restaurant and a bank office since its construction around the turn of the 20th century.

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Lowe’s Rehired an Employee It Fired After She Tried To Stop a Group of Shoplifters, Getting Punched in the Face 3 Times in the Process

Retail Wire

Lowe’s has rehired an employee it previously fired after she attempted to stop suspected shoplifters at one of its stores in Rincon, Georgia. The 13-year employee, Donna Hansbrough, was assaulted by one of the suspects during her attempt to prevent them from leaving with stolen merchandise, resulting in a black eye. Lowe’s initially fired Hansbrough.

ATS 100
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Aldi slashes prices on fruit and vegetables to pass savings onto shoppers

Retail Gazette

Aldi has cut the price on fruit and veg products as the discount grocer looks to pass savings on to its customers amid the cost-of-living crisis. Ten products are included in the price drop, including avocados, red peppers, baking potatoes and sweetcorn and is the latest price cut move after including household staples such as milk and pasta – lowering the price of almost 100 products.

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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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Rolex Makes More Than 123 Watch Models — Most of Them Are Worth More Used

Retail Wire

According to a report from Morgan Stanley using WatchCharts data, nearly three-quarters of Rolex’s currently made models are worth more when pre-owned than when new. The luxury watch resale market has seen declining trends for over a year, but top brands like Audemars Piguet, Patek Philippe, and Rolex continue to command a premium on the.

Marketing 100
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Tesco launches food bank donation bags to stores over summer

Retail Gazette

Tesco has launched food bank donation bags across 300 of its stores, to help food banks reach increased demand over the summer. Bags from the grocery giant are pre-filled with the products most needed by food banks and charities, such as pasta, pulses and pasta sauce. Shoppers can collect the bags when they enter the supermarket , which will typically cost them around £3.50.

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Your Lyft Ride Got Cheaper Because the Company Laid off So Many Employees

Retail Wire

Lyft has lowered ride prices following the layoff of more than 1,000 corporate employees this spring. The company’s decision to use the saved funds to decrease fares has helped it gain market share from its rival, Uber. CEO David Risher, who oversaw the layoffs, cited his experience in the nonprofit world to operate the company.

Marketing 100
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Morrisons introduces coffee pod recycling points in 29 stores

Retail Gazette

Morrisons has become the first UK supermarket to introduce recycling points for used coffee pods. The scheme is being trialled across 29 locations in partnership with pod recycling service Podback. Shoppers can collect their Podback recycling bags, fill with their used pods and recycle in a dedicated bin at the front of the store. The grocer is also set to become a Podback member, meaning its own-brand coffee pods will be recyclable through the service , along with 24 other coffee brands.

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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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Albertsons Beats Profit, Revenue Expectations on Strong Demand for Groceries

Retail Wire

Albertsons Companies has surpassed expectations for its quarterly profit and revenue, driven by strong demand for groceries and the popularity of its pocket-friendly private label brands. The company’s consolidation of private labels under the Signature Select brand and the bolstering of its loyalty program have been successful strategies in attracting customers to its stores, despite.

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Amazon proposes marketplace changes to appease UK competition watchdog

Retail Gazette

Amazon has proposed several changes to the way it treats third-party sellers on its Marketplace platform to address concerns raised by the UK’s competition watchdog. The Competition and Markets Authority (CMA) launched a probe last year into whether the online giant had been giving its own brands and those that used its logistics services an unfair advantage.

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Amazon Lowers iRobot Deal Price by 15% After Roomba Maker Incurs Fresh Debt

Retail Wire

Amazon.com has reduced the price it will pay for iRobot, the maker of Roomba vacuum cleaners, by approximately 15% to around $1.42 billion. The decision comes after iRobot incurred fresh debt and entered a $200 million financing facility. Under the amended deal, Amazon will now pay $51.75 in cash for each share of iRobot, down.

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Hotter Shoes CEO and CFO depart after pre-pack deal

Retail Gazette

Hotter Shoes chief executive Ian Watson and finance boss Gavin Manson have left the retailer following i ts pre-pack administration, Drapers reports Watson has been at the helm of the footwear business since March 2019 and was previously CEO of children’s footwear brand Start-Rite Shoes and European managing director of German manufacturer Britax Childcare.

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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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Legacy Arranges Acquisition of Three Shopping Centers for $15.2 Million in North Carolina

Shopping Center

Asheboro, Morganton and Statesville, N.C. — Legacy has arranged the acquisition of three shopping centers for a total of $15.2 million in North Carolina. Food Lion anchors each of the properties,… The post Legacy Arranges Acquisition of Three Shopping Centers for $15.2 Million in North Carolina appeared first on Shopping Center Business.

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THG snaps up City AM newspaper

Retail Gazette

THG has snapped up London-based business newspaper City AM in surprise last minute bid to save it from the brink of insolvency, securing the future of its roughly 40-strong workforce. The Cult Beauty and Look Fantastic owner has never owned a newspaper but does have an online publishing arm with two magazines. THG has committed to the editorial independence of the paper and will not be closing the print arm of the company.

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Meet our Hybrid Work Hero from the Cisco Global Advocate Awards 2023

Cisco Retail

Meet Josh, Senior Systems Reliability Engineer at T-Mobile and our Hybrid Work Hero, from the Cisco Global Advocate Awards 2023: Americas event Welcome, Josh! Thanks for joining us today.

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Fabletics gets personal with customers in-store and online

Retail Customer Experience

Activewear brand Fabletics has deployed Salesfloor's customer engagement platform to personalize the customer experience and creating connected conversations across its sales channels.

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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