Retail TouchPoints

MAY 26, 2021

Fast fashion retailer Windsor Fashions is planning to open 150 new stores over the next two years, adding to its current fleet of 230 locations across 42 states in the U.S. Windsor’s focus on special occasions and seasonal events, combined with its revolving product assortment (the company reports that it adds more than 250 new SKUs each week), have helped it weather not one recession, but two.

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Fashion Location Returns Fast Fashion 279

Inside Retail

MAY 26, 2021

Melbourne Square development complete. The first stage of the Melbourne Square lifestyle and luxury residential precinct is now complete, after four years in development. The $2.8 billion Southbank site includes 1054 luxury apartments, a Taylor Cullity Lethlean-designed public park, Victoria’s first double-storey Woolworths supermarket as well as a childcare centre.

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Supermarket Location Shopping Marketing 246

Retail TouchPoints

MAY 26, 2021

Amazon will acquire MGM for $8.45 billion as the company expands its entertainment business. Amazon will preserve MGM’s catalog of films and provide its customers with greater access to these works to complement the work of Amazon Studios. The deal grants Amazon access to more than 4,000 films, including iconic movies like 12 Angry Men , Rocky and The Magnificent Seven , as well as more than 17,000 TV shows including Fargo , The Handmaid’s Tale and Vikings.

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Planning Customer Experience ATS 220

Inside Retail

MAY 26, 2021

Fashion firm Mosaic Brands has enjoyed a steady growth in sales since Easter, and is now expecting a full-year underlying EBITDA of $48 million for the 2021 financial year – assuming no further widespread lockdowns. And after lowering its cost of doing business, as well as enjoying strong online sales, Mosaic is looking forward to another strong year in FY22, according to chief executive Scott Evans.

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Advertising Fashion Consumer Returns 246

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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.

Management

Retail Focus

MAY 26, 2021

When you think of Dubai, it’s luxury hotels, pristine beaches and supercars that spring to mind. Interestingly though, Dubai is also home to more gyms than any other city in the world. It’s no wonder then that the Dubai Mall Village – often dubbed ‘The Greatest Mall in The World’ – is a who’s who of flagship stores owned by some of the world’s leading sportswear brands.

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Management Consumer ATS 222

Inside Retail

MAY 26, 2021

In the highly competitive world of fashion retailing, being able to meet the ever-changing demands of customers is a critical requirement. When those customers are spread across more than 70 countries and thousands of stores, the challenge becomes even more acute. Staffing levels in each store need to be carefully matched to ensure sufficient people are rostered on to deal with peaks in customer visits.

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Planning Point of Sale Fashion Management 245

Inside Retail

MAY 26, 2021

The state of Victoria is entering a seven day hard lockdown after recording 11 new cases overnight. Victorians will only be able to leave the house for five key reasons: food and supplies; authorised work; care and caregiving; up to two hours of exercise; and, getting vaccinated. Tellingly, these reasons don’t include the ability to go and shop outside of regular grocery visits, indicating another difficult week for retail in the state.

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Returns Shopping ATS 223

Retail TouchPoints

MAY 26, 2021

Levi Strauss & Co. was able to drastically reduce its return rates after implementing the MySize smartphone-based apparel measurement solution during a pilot program in Turkey. By helping customers find the right size through the MySizeID website widget, Levi’s was able to decrease return rates by 47% during the pilot. The retailer now plans to fully implement the MySize solution across its operations in Turkey.

Returns 213

Returns Apparel Planning Management 213

Inside Retail

MAY 26, 2021

Amazon will buy MGM, the fabled US movie studio home to the James Bond franchise, for US$8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+. The deal aims to bolster Amazon’s television-focused studio with new and historic filmmaking from MGM, which has snapped up lucrative series including “Rocky” and “Tomb Raider” since its founding in 1924.

Shipping 182

Shipping Returns Marketing ATS 182

Retail Wire

MAY 26, 2021

Amazon.com has agreed to pay $8.45 billion to acquire MGM, the retailing and technology giant’s second-biggest acquisition following its $14 billion deal for Whole Foods in 2017. MGM, the studio which owns “Shark Tank” and movie franchises including Rocky and James Bond, is expected to boost Amazon’s Prime Video service and support its plans to further grow its subscription base.

Planning 130

Planning 130

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.

Customer Experience

Inside Retail

MAY 26, 2021

Abercrombie & Fitch reported a bigger-than-expected 61 per cent jump in first-quarter sales on Wednesday, as the apparel retailer benefited from shoppers returning to its stores and using its beefed-up online business. Shares of the Hollister and Gilly Hicks owner rose 11 per cent as it also posted a surprise quarterly profit and predicted second-quarter net sales to be at or above the pre-pandemic levels recorded in 2019.

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Apparel Accounting Returns Planning 147

Retail Wire

MAY 26, 2021

Authentic Brands Group (ABG), which owns the intellectual property to a wide variety of fashion and media brands, is considering filing for an initial public offering as soon as this year. The company is expected to seek a $10 billion valuation should it pursue going public. In addition to its wholly-owned brand portfolio, ABG has partnered with Simon Property Group and Brookfield Property Partners in retailer acquisitions including Forever 21 and Brooks Brothers.

Fashion 130

Fashion 130

Inside Retail

MAY 26, 2021

From brand storytelling to circular fashion expertise, the next generation of fashion designers need to be armed with a new set of skills in the current climate, according to Sam Kershaw, buying director at luxury menswear brand, Mr Porter. It’s these skills that Kershaw is keen to instill in emerging designers through the retailer’s inaugural global mentorship program, Mr Porter Futures, which launched last month.

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Fashion Outdoor Consumer Retail Trends 147

Retail Wire

MAY 26, 2021

Jennifer Hyman, CEO of Rent the Runway, said that customers are coming back to the clothing rental service in a big way with the site seeing a 92 percent increase in active subscribers so far this month. “Colorful, optimistic clothes, bags and jewelry are being rented by women of all sizes — the same styles are popular from size 4 to 20,” Ms. Hyman said.

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Jewelry 130

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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.

Point of Sale

Inside Retail

MAY 26, 2021

JD-backed Thai fashion e-commerce startup Pomelo plans to boost revenue by offering its own technology in analytics and demand forecasting to other fashion brands in the region, its CEO David Jou says, amid slowing offline sales. The women’s fashion firm, which started as an online business in 2013, plans to launch its business-to-business (B2B) unit, Prism, next month to offer services like demand planning and logistics for other fashion and lifestyle brands.

Fashion 130

Fashion Supply Chain Management Apparel Planning 130

Cisco Retail

MAY 26, 2021

Today, companies invest in making their security controls scalable and dynamic to meet the ever-increasing demand on their network(s). In many cases, the response is a massive shift to Kubernetes® (K8s®) orchestrated infrastructure that provides a cloud-native, scalable, and resilient infrastructure. This is where Cisco Secure Firewall Cloud Native (SFCN) comes in.

Management 134

Management ATS 134

Inside Retail

MAY 26, 2021

Strandbags has been hit with seven charges of breaching New Zealand’s Fair Trading Act over its discounting and sales practices. The Commerce Commission alleges that between July 2018 and January 2020, Strandbags used misleading sales practices to sell a number of its products, such as claiming its products were being sold for a discounted price when they were not.

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Promotions Consumer ATS 130

Talking Retail

MAY 26, 2021

Rogue rating surveyors promising to obtain a marked reduction in business rates bills are “exploiting businesses to sign unfair contracts”, Parliament heard today (26 May). Kevin Hollinrake, MP for Thirsk and Malton in North Yorkshire, named and shamed rogue agents who he claimed are “effectively conning” businesses – including those in the retail, hospitality and.

ATS 132

ATS 132

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

Management

Inside Retail

MAY 26, 2021

JD-backed Thai fashion e-commerce startup Pomelo plans to boost revenue by offering its own technology in analytics and demand forecasting to other fashion brands in the region, its CEO David Jou says, amid slowing offline sales. The women’s fashion firm, which started as an online business in 2013, plans to launch its business-to-business (B2B) unit, Prism, next month to offer services like demand planning and logistics for other fashion and lifestyle brands.

Fashion 130

Fashion Supply Chain Management Apparel Planning 130

Retail Dive

MAY 26, 2021

Increasing homeownership rates boosted the category in recent years, but unforeseen circumstances brought on by the pandemic helped land toilets on the list of most popular purchases of 2020.

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Retail Wire

MAY 26, 2021

A worker sentiment analysis from Glassdoor concludes that workers identifying as LGBTQ are less satisfied with their employers than their non-LGBTQ peers. The biggest gaps in the sentiment is apparent when it comes to attitudes about senior leadership and career advancement opportunities. A number of retailers, restaurants and consumer brands were among companies getting lower ratings, with Walmart and Amazon.com falling short in the minds of LGBTQ workers.

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Consumer 100

Talking Retail

MAY 26, 2021

Pepsi Max is adding a Lime flavour to its portfolio, in a move designed to help retailers continue to capitalise on the “growing popularity” of flavoured cola. The flavour will be exclusively available to Londis, One Stop, Premier and Budgens stores from Booker Wholesale from early June, before rolling out further in late August. It. This story continues at Lime added to Pepsi Max portfolio.

Wholesale 123

Wholesale ATS 123

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Retail Wire

MAY 26, 2021

The percentage of American workers testing positive for marijuana increased to 2.7 percent, up from 2.5 percent in 2019, according to Quest, the drug-testing laboratory. “We haven’t really seen a sea change in the overall testing rate [for drugs], but we’ve been seeing changes in the degree to which marijuana is included in the testing panels,” said Dr.

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Talking Retail

MAY 26, 2021

Bolton Council’s Trading Standards and Licensing Sub-Committee have taken action against eight retailers selling illicit tobacco in the town. JTI conducted test purchasing in Bolton last summer and found 61% of the stores visited were selling illegal tobacco. These findings were reported to trading standards, which incorporated the evidence in its applications to review the.

ATS 122

ATS 122

Retail Wire

MAY 26, 2021

Dick’s Sporting Goods posted a 52 percent first-quarter sales gain compared to the same period in 2019 as the return of kids to team sports boosted the chain’s results. Earning per share of $3.79 blew past Wall Street’s expectations of $1.12 in the quarter.

Returns 100

Returns Sporting Goods 100

Cisco Retail

MAY 26, 2021

The Suez Canal. The discovery of the double helix. The polio vaccine. What do these things have in common? Each was a game-changing moment. And now, Lifecycle Advantage is poised for yet another game-changing moment of its own. Introducing Success Program Insights. Cisco and partners can now work together to deliver customer success at scale. With Success Program Insights, Cisco provides partners the combination of customer data, rich insights and analytics, recommended actions and digital custo

Customer Retention 120

Customer Retention Customer Experience Accounting Management 120

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

Customer Experience

Retail Wire

MAY 26, 2021

Urban Outfitters, Inc. posted a 51 percent gain in same-store sales — Free People jumped 77 percent, Anthropologie grew 50 percent and Urban Outfitters was up 42 percent. The retailer posted a profit of 54 cents per share, compared to a loss of $1.41 last year. “The first quarter was one for the record books; record sales, a record low markdown rate, and record earnings per share … Strong ‘comps’ were driven by powerful demand and superb execution by all teams.

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Markdowns 100

Talking Retail

MAY 26, 2021

Usdaw’s parliamentary petition that seeks to protect retail staff from violence, threats and abuse has been timetabled for a parliamentary debate on Monday 7 June. The petition, which attracted 104,000 signatures, is backed by major retailers and the industry’s leading trade bodies, with research by the Co-op showing its aims have public support. Paddy Lillis, This story continues at Usdaw protect shopworkers petition to be debated in Parliament.

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ATS 120

Retail Wire

MAY 26, 2021

Nordstrom posted a 44 percent year-over-year sales increase during its fiscal first quarter, but that was still 13 percent below what the retailer did during the same period in 2019. The department store retailer cut its losses from $3.33 a share at this point last year to $1.05 during the first quarter. “We are encouraged by sales trends both in our stores and our digital business, supported by an improving consumer environment and strong execution,” said CEO Erik Nordstrom.

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Department Stores Consumer ATS 100

Talking Retail

MAY 26, 2021

Association of Convenience Stores has reiterated its calls for the government to take into account the challenges facing small stores ahead of the introduction of a deposit return scheme (DRS). ACS government relations director, Ed Woodall, told a meeting of the Tidy Britain All-Party Parliamentary Group how a well-designed deposit return scheme could work for.

Returns 118

Returns Accounting ATS 118

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