Fri.Mar 18, 2022

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Neiman Marcus Group Appoints Former Guess? Exec as CFO

Retail TouchPoints

Neiman Marcus Group has appointed former Guess? executive Katie Anderson as EVP and CFO, reporting directly to CEO Geoffroy van Raemdonck. In her new role, Anderson will drive all financial functions for the company as well as risk management, real estate, supply chain and tracking progress toward the luxury retailer’s growth execution and strategy.

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GameStop ripped for tough quarter and NFTs marketplace

Retail Wire

GameStop reported an unexpected loss of $1.86 a share in the quarter ending Jan. 29. It also announced that it will launch a marketplace for nonfungible tokens (NFTs) by the end of the second quarter.

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Why NFTs Will Change Brand and Influencer Marketing Forever

Retail TouchPoints

In the world of digital consumerism, non-fungible tokens or NFT technology is still a relatively new trend. Even though it has not been around for very long, it’s created such a long-lasting impact in its short lifespan that it will be transformative for the ecommerce market in the years to come. The Impact of NFTs on Brands. NFTs are individually certified, verifiable and non-interchangeable objects.

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Delivery drivers take a hit from high gas prices

Retail Wire

Gig workers delivery people and food orders for DoorDash, Lyft, Uber and others are taking a hit from rising gas prices. The drivers have traditionally not been reimbursed for miles driven since they are independent contractors. Lyft and Uber have recently added surcharges to help drivers offset the costs of filling up their tanks.

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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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NRF Forecasts 6%-8% Annual Retail Sales Growth in 2022

Retail TouchPoints

The NRF is forecasting retail sales growth of 6% to 8% in 2022 for a total ranging from $4.86 trillion to $4.95 trillion. Online sales will continue to grow faster than overall retail sales, rising 11% to 13% for a total of $1.17 trillion to $1.19 trillion. NRF estimates do not include motor vehicles, gasoline and restaurants. The association is looking ahead to strong job growth and declining unemployment in 2022, but full-year GDP growth is forecast to slow to approximately 3.5% as the Federal

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Another wave of COVID-19 is on the way

Retail Wire

Every wave of COVID-19 to date has included outbreaks in Europe before moving into the U.S. A new wave of the virus has spiked in France, Germany and other European nations with cases up markedly in recent weeks. Recent testing of wastewater in the U.S. shows an increase in the BA.2 variant, another sign that a new wave of cases is likely.

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Self-driving tractors may soon be found down on the farm

Retail Wire

John Deere is getting ready to roll out self-driving tractors to help famers plough their fields day or night. The automated vehicles will help address labor shortages that have negatively affected the agricultural sector.

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Establishing connective tissue between multiple clouds and data centers

Cisco Retail

Co-Authored by Eugene Vakulenko, Engineering Product Manager, Cisco. One Size Does Not Fit All. Gone are the days of lift-and-shift cloud migrations. As countless companies have learned, there’s too much complexity, too many options, and no such thing as a one-size-fits-all panacea. As a result, “hybrid” and “multicloud” IT operations have moved from trendy buzzwords to enterprise realities, and I think it’s safe to say most companies are still getting used to this new reality.

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Grocery stores are few and far between in rural America

Retail Wire

Food deserts are often associated with economically depressed areas of urban America but the problem extends to rural parts of the country where people often have to travel long distances to stock up on groceries.

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Coro Realty Sells Cross Country Plaza Shopping Center in South Georgia for $42.6 Million

Shopping Center

Columbus, Ga. — Coro Realty has sold Cross Country Plaza, a 314,000-square-foot retail center in Columbus, for $42.6 million. The buyer was an affiliate of Hackney Real Estate Partners. Transwestern’s Southeast Investment Services Group represented Coro Realty in the transaction.… The post Coro Realty Sells Cross Country Plaza Shopping Center in South Georgia for $42.6 Million appeared first on Shopping Center Business.

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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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Sycamore Partners considers bid for Ted Baker

Retail Wire

Sycamore Partners has until April 15 to make a firm offer to acquire Ted Baker. The UK fashion retailer is in the midst of a three-year turnaround plan. The private equity firm is known for acquiring struggling retailers.

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How Our Desire for Sustainability will Shape Hybrid Work

Cisco Retail

I consider myself an eternal optimist. In my wildest dreams, I could never have imagined a global pandemic, social justice issues, humanitarian crisis and threats of nuclear disaster in the present time. Yet, here we are, and I still see hope and the silver lining of more quality time with loved ones and new skills and hobbies. And on a more macro level, the worldwide reduction of carbon emissions that resulted from virtually all of society slowing down and staying at home for an extended perio

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Uncle Vanya looks to occupy McD’s place in Russia

Retail Wire

Uncle Vanya, a restaurant business named after a play by Anton Chekhov, has a logo that is remarkably similar in appearance to McDonald’s. It also appears as though the plan is for the company to occupy the spaces left by the restaurants McDonald’s closed in Russia due to that country’s attack on Ukraine.

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Amazon is slowing down its fulfillment center spend. What's next?

Retail Dive

Heightened demand put Amazon's distribution buildout into overdrive. To speed up delivery and limit costs, it will have to invest more.

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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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Burger King’s Russian partner refuses to close stores

Retail Wire

Restaurant Brands International (RBI) is looking to divest its 15 percent share of the 800-plus Burger King restaurants in Russia. The company’s partner in Russia has refused to shutter its operations. “Would we like to suspend all Burger King operations immediately in Russia? Yes. Are we able to enforce a suspension of operations today? No,” said David Shear, president of RBI.

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The Weekly Closeout: Saks Off 5th rebrands and Parachute stirs up debate over catalog cover

Retail Dive

The luxury off-price retailer launched a new campaign, "Where Fashion Takes Off," and the DTC brand sparked conversation over its latest marketing play.

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Sunderland’s The Bridges becomes geektastic

A1 Retail

A fast-growing chain which caters for fans of movies, tv shows and anime is to open its fourth store at Sunderland’s the Bridges. Be More Geek – which offers a whole host of merchandise, collectables, costumes and homeware for superfans – opened its first store in Newcastle in 2018. And now the founders are bringing the popular brand to Wearside, taking up residence in a unit next to Smiggle and Bodycare, with plans for the store to open Friday 18 March.

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DTC shoe brand Birdies showcases first lace-up shoes in new campaign

Retail Dive

Activist and author Blair Imani and interior designer Brigette Romanek star in the company's marketing for the new collection.

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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.

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Are You Committing The Lacy Act?

LS Retail

©iStock/EcoPic What is the Lacy Act ? The Lacey Act (16 U.S.C. 3371 et seq.), first enacted in 1900 and significantly amended in 1981, is the United States' oldest wildlife protection statute. The Act combats trafficking in illegally taken wildlife, fish, or plants. And this guy – an Oregon man named Darren Drake – is in big trouble. He has pleaded guilty in federal court to illegally importing and exporting hundreds of live scorpions from and to contacts in Germany without obtaining an import-e

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What new ownership could mean for Kohl's

Retail Dive

The department store may be on the brink of being sold. So far, it doesn't look good.

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Stradivarius chooses Liverpool ONE

A1 Retail

Grosvenor has announced that international fashion brand, Stradivarius, has chosen Liverpool ONE for its city debut. Set to open in October 2022, the 8,000 sq ft flagship store will become the fourth Inditex-owned brand based in Liverpool ONE, marking a strong vote of confidence in the retail and leisure destination. Stradivarius Liverpool ONE will be located on South John Street adjacent to Zara, Pull & Bear and the new flagship Bershka, which is set to open in April.

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VF Corp names Kevin Bailey global brand president of Vans

Retail Dive

Bailey was president of the brand from 2009 to 2016 — a time when revenue grew to over $2 billion.

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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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Guest Post: The Bottleneck is Always At the Top of the Bottle

Hyken

This week we feature an article by my friend Annette Franz, CCXP, founder and CEO of CX Journey Inc. She has spent the last 30 years in the customer experience profession and has a new book, Built to Win coming out on March 22. In this article, she shares how leaders create, sustain, and transform their team’s culture. Have you heard the saying, “A fish rots from the head down?

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GameStop's loss widens in first year of transformation under Ryan Cohen

Retail Dive

The retailer is growing inventory, launching new technology initiatives and losing money even as its sales grow.

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CAN NRB January 2022

Retail Eye

Canadian Retail Unaffected by Omicron Original release date: March 18, 2022 Despite even more shutdowns, January retail kickstarted 2022 with stellar growth. All Stores grew by 11.2% year-over-year, while All Stores Less Automotive was slightly less at 7.2% but All Stores Less Automotive, Food, and Pharmacies (which consists mostly of physical goods) was up a […].

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How retailers can effectively manage supply chain uncertainty

A1 Retail

Caroline Ellis, Commercial Director of Advanced Supply Chain Group (ASCG), part of the Reconomy Group, tells A1 Retail more. Many retailers saw noticeable losses during the latest seasonal peaks after a period of delays caused by numerous supply chain challenges. Our latest research* found that one-in-five retailers reported Christmas trading, including Black Friday sales, was between 21% – 30% down on forecasts, whilst a similar number saw pre-tax profits at 16% – 20% below expectat

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Retails Next Frontier: Exploring and Proving the Value of AI

AI is everywhere. It’s in customer service interactions, product recommendations, marketing outreach, and yes, even commerce experiences. But not every use of AI provides the same value to your brand. In this masterclass, experts from Constructor, commercetools, Contentstack, and Orium discuss how AI can complement your composable tech stack and help bring in immediate ROI.

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CAN NRB January 2022

Retail Eye

Canadian Retail Unaffected by Omicron Original release date: March 18, 2022 Despite even more shutdowns, January retail kickstarted 2022 with stellar growth. All Stores grew by 11.2% year-over-year, while All Stores Less Automotive was slightly less at 7.2% but All Stores Less Automotive, Food, and Pharmacies (which consists mostly of physical goods) was up a […].

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Target tests first net zero energy store

Mass Relators

MINNEAPOLIS — Target Corp. announced this week its most sustainable store yet, which will test innovations that generate renewable energy and reduce emissions. The Vista, California , store’s retrofit and new features will inform Target’s investments in new stores and remodel programs that support its long-term growth and help guide the retailer’s efforts to achieve its sustainability goals, the company said.

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CPG Trends on Display at Natural Products Expo West 2022?

Rangeme

Natural Products Expo West made its return at the Anaheim Convention Center March 8-12, 2022, and it was quite a different event from where we left off back in 2020 when the world as we knew it changed. The RangeMe team was in attendance to uncover the new consumer packaged goods (CPG) trends on display and connect face-to-face with the suppliers and retail buyers on RangeMe.

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CBRE Arranges $3.2 Million Sale of Retail Property in Metro Tampa

Shopping Center

Valrico, Fla. — CBRE has arranged the $3.2 million sale of a 12,496-square-foot multi-tenant property anchored by a Tire Choice Total Car Care Center in Valrico, about 16 miles from Tampa, to a private investor. Mark Shellabarger and Ari Ravi… The post CBRE Arranges $3.2 Million Sale of Retail Property in Metro Tampa appeared first on Shopping Center Business.

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2024’s Retail Odyssey: Going Small, Artificial, and Augmented!

Speaker: Kelly Goetsch - Chief Strategy Officer at Commercetools | Jason Cottrel - CEO & Founder at Orium | and guest speaker Brendan Witcher - VP, Principal Analyst at Forrester

Significant modifications are on the horizon for digital commerce in retail and customer experience come 2024. The pace of tech shifts will intensify, businesses are set to defund legacy solutions, and attractive opportunities will surface as social and retail media players join forces. To stay ahead of the curve, digital leaders are experimenting with less risky initiatives and scaling back on outdated projects that no longer yield impactful results.