Fri.Jun 11, 2021

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How to embrace the ‘gifts’ in challenging situations

Inside Retail

Many retail cultures do not encourage the sharing of challenges or failures and even sometimes the sharing of successes. Therefore, if the culture you work within is against sharing lessons, it may be something that never enters your mind or your team’s, especially if that business is all you have ever known. In our home life, this is the same. If you are brought up not to share failures and to just suck it up and get on with it, then chances are this same behaviour will play out in your life.

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Top Ways Retailers Continue Evolving their Tech Stacks

Retail TouchPoints

Now more than ever, retailers are looking for solutions to create more seamless in-person and digital customer experiences. But while blending of in-store and online provides consumers with significantly more flexible shopping, it also creates operational challenges. Consumers’ new shopping habits picked up during the pandemic show no sign of waning.

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Chewy CEO: pandemic puppy trend is ongoing

Retail Wire

Americans adopted puppies and kittens in big numbers as they hunkered down in their homes during the early months of the novel coronavirus pandemic. That trend continued even as restrictions were lifted, according to Chewy CEO Sumit Singh. The online pet product retailer launched an adoption service last month and is working with 6,000 animal shelters across the nation.

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Alex and Ani Enters Chapter 11, Seeks Potential Sale

Retail TouchPoints

Jewelry brand Alex and Ani has commenced Chapter 11 bankruptcy proceedings in order to undergo a comprehensive financial and operational restructuring. Additionally, the company will seek bids for its assets. The retailer plans to continue operating its currently open stores and website as usual during the court-supervised process. The need to declare bankruptcy was blamed on COVID-19, which “forced the company to pause its key strategic growth initiatives, temporarily close stores and scale bac

Jewelry 165
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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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Pay gap between CEOs and workers widened during the pandemic

Retail Wire

CEO pay jumped 14.1 percent last year compared to 1.9 percent for the median employee, according to a survey conducted by Equilar, an executive compensation firm. Chief executives earned 274 times that of the median worker at their companies last year, up from 245 percent in 2019.

ATS 130
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Grove Collaborative Hires Former Amazon Marketing Executive for CMO Role

Retail TouchPoints

Eco-friendly retailer Grove Collaborative has named former Amazon executive Jennie Perry as its new Chief Marketing Officer (CMO). Perry will lead the retailer’s marketing strategy and be responsible for overseeing brand strategy, creative, growth marketing, communications and consumer insights. She will report to Co-Founder and CEO Stuart Landesberg.

Marketing 165

More Trending

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Macy’s fireworks show is back

Retail Wire

Macy’s announced that it would bring back its July 4 fireworks show, a signal of life returning to normal in New York City and across America. The department store retailer was forced to alter its big show last year to opt for smaller displays across New York’s boroughs due to the spread of the novel coronavirus.

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Guest Post: Hang It on the fridge

Hyken

This week we feature an article by John O’Leary, a speaker, coach, and best-selling author. He shares an excerpt from his #1 bestselling book In Awe. Scott worked at the valet stand. . When he saw [me] this nine-year-old kid wrapped with bandages, eyes reddened from the physical therapy session he’d just endured, Velcro-strapped into a wheelchair, waiting for a ride home, he must have recognized that this kid needed some extra attention. .

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Computer chip shortage complicates restaurant management

Retail Wire

Restaurants pivoting to contactless forms of payments are more dependent on point of sale technology than ever before. A lack of terminals and handheld devices resulting from a shortage of computer chips is another factor negatively affecting restaurants, which are trying to staff up at a time when competition for labor is particularly high.

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No end in sight for Amazon's e-commerce growth: S&P

Retail Dive

With a major structural shift toward more digital shopping underway, the company is poised to continue its history of dominance, analysts said.

Shopping 123
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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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Amazon and National Safety Council team up to reduce workplace injuries

Retail Wire

Amazon.com is working with the National Safety Council on a campaign designed to cut down on the number of musculoskeletal injuries that occur in American workplaces. The partnership will provide grants to fund research on the topic and will create an advisory council that brings together corporations, researchers and safety experts.

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Livestream shopping app ShopShops raises $15M for US expansion

Retail Dive

Retailers, social networks and other livestream shopping platforms are vying for a share of the emerging livestream commerce market.

Shopping 125
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Netflix opens its own online store

Retail Wire

Netflix.shop will offer themed merchandise from hit shows running on the television and movie subscription service. Retailers sold $128 billion of entertainment-themed apparel in 2019.

Apparel 100
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What’s New for DevNet Specialization?

Cisco Retail

The DevNet Specialization for Cisco’s Partners is constantly evolving. A couple of weeks ago, Chuck Stickney (DevNet Specialization Lead) together with Markus Lind (CEO, Miradot), had a great discussion in one of the Partner Interactive Webinars in Cisco’s Europe/Middle East/Africa/Russia region. One of the main topics was how Miradot – our first DevNet Specialized Partner – is applying DevNet to their solutions.

Finance 105
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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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Prime Day offers retail rivals a reason to be cheerful

Retail Wire

Amazon.com is not the only retailer to enjoy record sales during its Prime Day event. No, many of its rivals have rolled out their own-time adjacent events and seen sales jump in the process.

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MPK Garages cuts cash losses after Volumatic installation

Talking Retail

Forecourt group MPK Garages has partnered with cash handling solutions business Volumatic to cut cash loss and increase payment efficiency. MPK Garages has completed the rollout of CounterCache intelligent (CCi) – a one-touch cash solution that checks, counts, and safely stores banknotes as the point of sale – across its estate. Wayne Harrand, retail director.

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McDonald’s suffers hack attack

Retail Wire

McDonald’s reported that hackers gained access to its computer systems in some markets, including the U.S., South Korea and Taiwan. The company told employees and franchisees that business contact information had been accessed along with details about restaurant seating capacity and the square footage of play areas. No customer information was accessed in the attack.

Marketing 100
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Marcus & Millichap Brokers $2.2 Million Sale of Habit Burger Grill-Occupied Building in Phoenix

Shopping Center

Phoenix — Marcus & Millichap has arranged the sale of a restaurant property located at 745 E. Glendale Ave. in Phoenix. A limited liability company sold the asset to a private trust for $2.2 million. Habit Burger Grill occupies the… The post Marcus & Millichap Brokers $2.2 Million Sale of Habit Burger Grill-Occupied Building in Phoenix appeared first on Shopping Center Business.

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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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BitesWeLove: best-selling Dutch snack brand to arrive in Sainsbury’s this summer

Retail Times

Nutritious, plant-based and delicious, BitesWeLove is making its debut in Sainsbury’s this summer. After conquering the healthy snack market in the Netherlands, the vegan brand is setting up shop on British turf, showcasing its award-winning Crunchy Peas over the course of four months at 70 Sainsbury’s stores nationwide, as part of the Taste of the Future Trial Bay.

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Transforming Global Business Forever

LS Retail

©iStock/Bulat Silvia According to a McKinsey Global Survey of executives, their companies have accelerated the digitization of their customer and supply-chain interactions and of their internal operations by three to four years – transforming global business forever.

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NRF now says retail sales could grow as much as 13.5% this year and top $4.4 trillion

Retail Dive

The organization previously pegged growth at 6.5% but now says vaccines and the government's financial support to consumers have spiked the economy.

Consumer 107
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JP Morgan: Amazon Could Surpass Walmart as Largest U.S. Retailer

VMS

JP Morgan (New York) released research Friday concluding Amazon (Seattle) is currently on track to overtake Walmart (Bentonville, Ark.) by 2022 as the largest retailer in the U.S., CNBC reports. According to the company’s findings, Amazon’s gross merchandise volume (GMV) grew “significantly” quicker between 2014 and 2020 than both U.S. e-commerce and U.S. adjusted retail sales.

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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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Nisa retailers introduce deals for Euro 2020

Talking Retail

Nisa retailers are introducing a raft of deals on snacking, confectionery and beers, lager and cider for the UEFA European Football Championship, which starts today (11 June). Deals include Haribo Starmix share bag and Munchies Chocolate Fudge Brownie pouch for £1, Co-op Irresistible Sea Salt and Vinegar or Lightly Salted crisps at £1, Pepsi (2l). This story continues at Nisa retailers introduce deals for Euro 2020.

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Kohl's is the latest retailer to crash Amazon's Prime Day party

Retail Dive

Consumers increasingly see the e-commerce giant's sales event as a time to get deals anywhere, and rivals are taking advantage.

Consumer 111
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Ready-to-drink craft cocktail brand VACAY announces new listing with Sainsbury’s

Retail Times

Ready-to-drink craft cocktail brand VACAY has announced that it will be launching three of its SKUs into Sainsbury’s supermarkets from June 2021. Retailing at £3 for a 330ml can, VACAY’s Moscow Mule, Tom Collins and Blood Orange Hibiscus Vodka Soda cocktails will be available in 70 Sainsbury’s stores nationwide.

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5 Acquisition Strategies to Support CIOs Keeping Pace with Innovation

Cisco Retail

The pace of new technology adoption and innovation to help prevent future disruption while remaining competitive has accelerated beyond all expectations. When the global pandemic first hit, businesses scrambled to get their workforce and operations back online. What would have taken months, suddenly had to happen instantly. Now, as CIOs continue to drive transformation, there are several ways to get access to the technology needed to recover and grow without having to break your budget. 1 Don’

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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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Home secretary says police response to wholesale crime is “not good enough”

Talking Retail

Home secretary Priti Patel says the police must do more to protect shop owners and their stock from criminals who target them on cash and carry premises. Patel met representatives of food and drink wholesalers during a visit to Costco in Chingford with local MP Iain Duncan Smith. The Federation of Wholesale Distributors told Patel that. This story continues at Home secretary says police response to wholesale crime is “not good enough”.

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Netflix enters e-commerce fray as subscription growth slows

Retail Dive

The streaming giant is working with emerging designers to offer apparel, action figures and decorative items based on its shows and brand.

Apparel 84
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Alex and Ani Files Chapter 11

VMS

Alex and Ani (East Greenwich, R.I.) filed for bankruptcy this past Wednesday in Delaware, according to a company press release. The jewelry retailer has also put itself up for sale and is planning on going through a financial and operational restructuring as per an agreement with its equity sponsors and debt holders. The retailer will be operating its “currently open stores” and will continue to operate its website during the process.

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Chewy reports 30% net sales gain in Q1 as demand remains high

Retail Dive

The pet retailer benefited last year by having a strong e-commerce presence and selling online. It expects the boom to continue as it raises its guidance.

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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.