Fri.Oct 07, 2022

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Queen Victoria Market to ban sale of inauthentic Indigenous products

Inside Retail

Melbourne’s Queen Victoria Market has cracked down on the sale of inauthentic Aboriginal and Torres Strait Islander souvenir products, ahead of new laws which come into force next year. In August, the Productivity Commission found two in every three Aboriginal and Torres Strait Islander-style souvenirs sold in Australia are inauthentic, with no connection to Aboriginal and Torres Strait Islander people.

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Adidas Puts Relationship with Kanye West ‘Under Review’

Retail TouchPoints

Following extremely vocal public criticism of its CEO Kasper Rørsted by Kanye West, Adidas has placed its relationship with the rapper “under review,” according to CNBC. The partnership launched in 2016 with Adidas manufacturing clothing through a collaboration with the rapper’s Yeezy brand. West has accused Adidas of not allowing him to have more control over the project and of copying his ideas.

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‘Storm on the horizon’ for retailers amid economic pressures

Inside Retail

With the Reserve Bank of Australia (RBA) increasing interest rates for six straight months – most recently, a 0.25 per cent rise on Tuesday to 2.6 per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . Yet, some data shows that customers have been spending. According to the Australian Bureau of Statistics (ABS), retail sales were up 19.2 per cent in August 2022 compared to the previous year.

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How One UK Publication Captures Shoppers at the Point of Inspiration

Retail TouchPoints

British newspaper The Independent has always been a bit of a rebel. Founded in 1986 despite skepticism about whether the UK needed another national paper, The Independent has lived up to its name for more than 30 years now. In 2016, it became the first national British newspaper to move fully online , and now it is among the first publishing outlets to employ a new technology that turns its articles into commerce vehicles.

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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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WA single-use plastic cup ban takes effect; coffee cups are next

Inside Retail

Stage One of Western Australia’s Plan for Plastics is now complete with single-use plastic cups officially banned from October 1. The state government announced its Plan for Plastics last year in June, detailing a roadmap towards a sustainable, plastic-free state. Nine items have been phased out since July as part of the first stage including plates, cutlery, drink stirrers, thick plastic bags, drinking straws, expanded polystyrene food containers, helium balloon releases and unlidded containers

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Amazon Ends Live Testing of Scout Automated Delivery Robots

Retail TouchPoints

Amazon will end live testing of its Amazon Scout automated delivery robots but will not completely abandon the project. The ecommerce giant will continue to explore the concept, maintaining a dedicated Scout team, but it is scaling back the current program. “During our limited field test for Scout, we worked to create a unique delivery experience, but learned through feedback that there were aspects of the program that weren’t meeting customers’ needs,” said Amazon spokesperson Alisa Carroll in

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Under Armour Names New Americas President, Chief Legal Officer

Retail TouchPoints

Under Armour has announced two additions to its leadership team as it continues the search for a new CEO. On Oct. 24, David Baxter will be promoted to President of the Americas, succeeding Stephanie Pugliese, who is stepping down and leaving the company; and Mehri Shadman has been appointed Chief Legal Officer and Corporate Secretary as current Chief Legal Officer John Stanton retires after 16 years with the company.

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The Daily Edited calls time on troubled venture, liquidator appointed

Inside Retail

Luxury fashion label, The Daily Edited, has gone into liquidation after company members voted in favour of winding the business up on September 30. The online retailer’s collapse follows a tumultuous three years in its history, sparked by a high-profile dispute between co-founders Alyce Tran and Tania Liu. Tran withdrew from the business last year. .

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The Retail Village at MAPIC 2022 launched

Retail Focus

MAPIC is launching its Retail Village concept for MAPIC 2022. A major, central location has been set aside within the Palais des Festivals for the show – to attract the most progressive, innovative and connected retail brands in the industry. With constant flux and change in the retail industry, the purpose of the Retail Village at MAPIC is to not only put retail back on stage but also to showcase all new, agile retail initiatives.

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Cannabis stocks go sky high after Biden seeks to reclassify weed under federal law

Retail Wire

President Joe Biden said that he plans to ask the Justice Department and the U.S. Department of Health “to initiate the process of reviewing how marijuana is scheduled under federal law.” Marijuana is currently classified as a Schedule 1 drug, the same classification as opioids. Publicly traded companies in the business of growing and selling cannabis saw their stock prices soar on the news.

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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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Nike latest retailer set to open store at Battersea Power Station

Retail Focus

Battersea Power Station today announced that Nike , will open a new store inside the Grade II* listed Power Station from 14 th October 2022 , when the London landmark will open its doors to the public for the first time in history. The store will focus on serving consumers in the Battersea neighbourhood, and will span approximately 8,380 sq ft. . Nike is the latest retailer to join the exciting mix of British and international brands set to open at Battersea Power Station and on Electric Boulev

ATS 182
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Amazon has three warehouse fires in one week

Retail Wire

A compactor outside the doors of an Amazon.com warehouse in upstate New York caught fire on Wednesday night, forcing the company to send workers home and cancel the following shift “out of an abundance of caution,” according to company spokesperson Paul Flanagan. The fire at the warehouse was the third at one of Amazon’s warehouses in the state this week.

ATS 130
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Deciem CEO Nicola Kilner shares her business heroes and top career advice

Inside Retail

Inside Retail : Can you tell me the story of how you and Brandon met and decided to launch Deciem together? What was it like to found and lead a global business with a good friend like Brandon? Nicola Kilner: I met Brandon whilst I was working as a beauty buyer at Boots in my early twenties, when Brandon was with his current business, Indeed Labs. When Brandon shared his vision for Deciem I was blown away by the energy and knew it was something I wanted to immediately be a part of.

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Adidas is reviewing its relationship with Kanye West

Retail Wire

Adidas and Kanye West have been working together since 2016, but the rapper and entrepreneur has recently been critical of the company and its CEO, Kasper Rorsted. The athletic wear brand said it is assessing the partnership after being unable to resolve differences with Mr. West. The company will continue to co-manage Mr. West’s line until a decision has been made.

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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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Inflation Rates by Country in 2022

Small Biz Trends

Across the world, inflation is on the increase with food and energy prices hitting record highs. Much of the rise is attributed to pent-up consumer demand after the pandemic and the Russian invasion of Ukraine, which caused commodity prices to skyrocket. According to the International Monetary Fund (IMF), food inflation alone has eroded global living standards at the same rate as inflation of all consumption did in the five years immediately before the pandemic.

Finance 116
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Pepsico to take delivery of first Tesla electric semi trucks

Retail Wire

Elon Musk said that Tesla will make its first deliveries of its Semi electric commercial truck to PepsiCo on Dec. 1. PepsiCo has reserved 100 of the vehicles, which have a range of 500 miles (805 km) when fully charged.

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Moonpig launches a range of free cards for Breast Cancer Awareness month

A1 Retail

Moonpig is launching one of its BREAST card ranges to date this October to mark Breast Cancer Awareness month. The eye-catching cards are designed to encourage people to remind each other to check their breasts and have been created in collaboration with ITV’s Lorraine , and its Change + Check campaign, whose producer, Helen Addis, was diagnosed with breast cancer in 2018.

ATS 100
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Employers add rainy day savings programs for workers

Retail Wire

Starbucks recently began giving employees the option of paying into personal savings accounts for emergency needs in the future. The coffee giant joins others incentivizing such accounts by kicking in funds workers can turn to when unexpected expenses pop up.

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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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Top TikTok Hashtags and Where to Find More

Small Biz Trends

Brands want to make the most of their TikTok accounts. With more than 1 billion users in 154 countries, TikTok not only is one of the world’s most popular social media platforms, but it also has grown into a competitive space for influencers and brands to earn tons of cash. What are TikTok Hashtags? Hashtags are designed to help categorize content on social media.

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Unemployment rate falls as job growth cools slightly

Retail Wire

The national unemployment rate fell to 3.5 percent in September, down from 3.7 percent in August, as the employers added 263,000 jobs, according to the Labor Department. “We are seeing labor demand cool,” said Sarah House, senior economist at Wells Fargo. “But we have a long way to go towards restoring balance between supply and demand for labor.”.

ATS 100
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Heating Oil Prices Already High, Expect to Go Higher

Small Biz Trends

Heating oil prices are already high. And it’s likely to keep going in that direction, at least into the near future. And that’s not news any small business owner who relies on heating oil through the winter months needs to hear. According to new information out from the US Energy Information Association, the average cost of a gallon of residential heating oil in the US is currently $4.62.

ATS 98
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Levi Strauss cuts annual profit forecast as consumers reduce apparel spending

Retail Wire

Levi Strauss has reduced its annual profit forecast in the face of reduced consumer demand for its merchandise as a result of food and fuel inflation. The denim giant now expects to post a profit between $1.44 and $1.49 a share, down from its previous guidance ranging from $1.50 to $1.56.

Apparel 100
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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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“Quiet Quitting” has Emerged as a Real Problem in Retail

Theatro

The quiet quitting phenomenon has hit the customer service industry, and it’s a real problem for employers. Quiet quitting is a new trend, particularly prevalent among Generation Z, wherein employees refuse to go above or beyond their most basic job requirements. In other words, employees become disengaged at work and choose to do only the bare minimum each day.

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Amazon’s Scout delivery robot is a goner

Retail Wire

Amazon.com is shutting down pilots of its Scout delivery robot. The company first began testing the cooler-size device in 2019 in Seattle before adding trials in California, Georgia and Tennessee. “During our Scout limited field test, we worked to create a unique delivery experience, but learned through feedback that there were aspects of the program that weren’t meeting customers’ needs,” Amazon spokesperson Alisa Carroll said.

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American Express’ Money Minutes podcast returns, hosted by leading entrepreneur Sharmadean Reid MBE and featuring guests

A1 Retail

American Express has launched the second series of its popular Money Minutes podcast. The series delves deeper on the main financial challenges that small business owners frequently face – and provides listeners with tools and insights to tackle them – with the help of some of the UK’s most successful entrepreneurs. . The six-part series sees the podcast’s new host Sharmadean Reid MBE, founder of The Stack World , a mission-driven platform to support women in the workplace, spe

Returns 98
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Best Extension Ladders for Your Business or Worksite

Small Biz Trends

If you don’t have one already, an extension ladder can come in very handy at your business or worksite. Extension ladders can be used for painting, changing lightbulbs, decorating, and cleaning, and lots of other everyday uses. What is an extension ladder? An extension ladder extends to add extra height to the existing ladder. This eliminates the use for multiple ladders in different sizes, as extension ladders can adjust to multiple heights.

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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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Amazon ends field tests for delivery bot Scout

Retail Dive

After debuting in a Washington state neighborhood in 2019, a company spokesperson said parts of the program "weren't meeting customers' needs.

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In the News: $1.2 Million in Grant Funds Available to Small Businesses in Seattle

Small Biz Trends

The importance of timing in business is well known, but it also applies to many aspects of life, including grants. This is because grants are made available for a limited amount of time. And if you don’t apply on time, you miss the chance of getting the grant. Some of the grants in this week’s roundup are ending in October, while the rest have dates beyond October.

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Amazon to hire 150K employees ahead of the holidays

Retail Dive

The retailer is staffing up its operations team to meet holiday demand, despite reportedly slowing hiring in its corporate retail division.

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Registration opens for ISE 2023

A1 Retail

Registration for the world’s leading AV and systems integration exhibition is now open – ISE 2023, 31 January – 3 February 2023, Barcelona. Following a successful show earlier this year, registration is now open for Integrated Systems Europe (ISE 2023). The show will be a launchpad for a wealth of new technology, offer a thought-provoking conference programme, and will feature headline keynote sessions throughout the week.

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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.