Fri.Dec 15, 2023

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Propel Group confirms sale of another Aussie brand

Inside Retail

Propel Group has agreed to sell its footwear business Rossi Boots to mining magnate Gina Rinehart’s S Kidman and Co. The group plans to use the proceeds to further invest in its Australian rural outfitting brand RB Sellars, with more stores expected to open across Australia and New Zealand. “Rossi boots has been wholly Australian-owned since 1910 and, together with our partners, it has been an honour to grow & develop this iconic Australian brand’s legacy of craftsmanship that is etched into

Apparel 264
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Costco Announces Unprecedented Special Dividend

Retail Wire

Costco declared a distinctive cash dividend of $15 per share, scheduled for Jan. 12, 2024. This extraordinary payout is in addition to the company's regular quarterly dividend.

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Claire’s Gets into Gen Zalpha’s Ears with New Audio Entertainment Deal

Retail TouchPoints

Gen Z and Gen Alpha are becoming avid podcast listeners, making them a hot target for media brands and producers. In fact, 30% of Gen Z and 23% of Gen Alpha individuals listen to podcasts every week , according to Edison Research. To better engage with this growing “Gen Zalpha” listener base, Claire’s is partnering with podcast and audio entertainment production studio Audio Up Media on a series of new scripted audio shows.

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Nokia’s Strategic Revamp in the Field of Mobile Networks

Retail Wire

After Nokia lost AT&T's open RAN contract to Ericsson, CEO Pekka Lundmark recognized the need to revisit the firm's Mobile Networks strategy.

ATS 264
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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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Save A Lot Makes Interim CEO Appointment Permanent

Retail TouchPoints

Discount grocery chain Save A Lot has named interim CEO Fred Boehler to the role permanently. Boehler has been serving as interim CEO since Oct. 31, following the departure of former CEO Leon Bergmann. Boehler brings more than 30 years of experience across multiple retail and wholesale businesses. He has worked in supply chain at SuperValu , Borders , Newell Rubbermaid and Americold Logistics., where he served as CEO and took the company public in January 2018.

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Holiday Layoffs Are Becoming a Costly Trend Called Vibecession

Retail Wire

The holiday season has many workers experiencing a new and unsettling trend — holiday layoffs.

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More Trending

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Power Goes Out in New York City After Con Edison Explosion

Retail Wire

An explosion at a New York City substation caused power to go out for many residents just before midnight.

ATS 260
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Chewy Joins Medtail Movement with Vet Care Services

Retail TouchPoints

Healthcare has been deemed the new battleground for retailers — from behemoths like Walmart and Amazon to traditional drugstore players like CVS and Walgreens. Now, Chewy is embracing the “medtail movement” by opening its first veterinary practices under the brand name “Chewy Vet Care.” The first Chewy Vet Care practice will open in South Florida early next year, offering routine appointments, urgent care and surgery.

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American Dream celebrates best year ever, including USA’s largest year-on-year footfall increase

Retail Focus

In a landmark year for one of America’s largest dining, entertainment and retail destinations, American Dream (developed and owned by Triple Five Group) has successfully opened more than 170,000 sq. ft. of new tenants and is now 89% leased. According to statistics from leading intelligence provider, Placer.ai, American Dream has also seen the largest year-on-year increase in footfall of all retail destinations in the USA.

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The Impact of Tech on Child Safety

Retail TouchPoints

There has been a lot of talk and, frankly, worry recently about the impact of technology on the mental health and safety of children. Emerging social media platforms such as TikTok and Snapchat have created a healthy amount of worry among parents who feel their children are being exposed to negative and harmful influences. The rise of social media and technology has created a new set of concerns for modern parents, and navigating this new world of advanced tech can be challenging.

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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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Concealed Automation Opens Doors to Zara Concept Store, London

Retail Focus

TORMAX was recently contracted by Permasteelisa (UK) to install their iMotion 1302.KI operators to the eight sets of swing doors that deliver seamless access into the new Zara concept store situated within the world-renowned, Battersea Power Station development. With a focus on clean lines and contemporary aesthetics, the door drives are discreetly hidden within each door lintel.

Fashion 162
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Temu Sues Shein for ‘Mafia-Style’ Anticompetitive Behavior, Ending Short-Lived Truce

Retail TouchPoints

The battle between Chinese discount shopping apps Shein and Temu is getting downright nasty. Temu has filed a new lawsuit against Shein alleging much more than run-of-the-mill anticompetitive behavior. The suit alleges that Shein uses “mafia-style tactics” to coerce sellers into severing ties with Temu, including detaining sellers at their offices for up to 10 hours and confiscating their phones to search for details of their Temu sales.

Apparel 213
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Amazon Pushes Limits With Laser Link Tech in Kuiper Satellites

Retail Wire

Amazon recently declared a game-changing move in the satellite communication landscape — the incorporation of advanced speed-enhancement technology in its upcoming Project Kuiper internet satellites.

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Book recs and career advice from Booktopia’s head of product sales

Inside Retail

I got into book publishing because… my mother was an author and I was always a huge reader. At the beginning of my career, I thought I was destined to be an editor or publisher (which I was for some time), but over time I’ve ended up on the sales and operations side of the industry – and in retail to boot. It’s been an interesting transition, but I love the pace and the analytical thinking required to get the right solutions to tricky problems.

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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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United Airlines Utilizes 2023 Holiday Passenger Crush for Good

Retail Wire

Airlines are preparing for the holiday passenger overload, and United Airlines is encouraging passengers to donate miles for a good cause.

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Asda owners deny setting up Jersey companies for tax reasons

Retail Gazette

Asda owners Mohsin and Zuber Issa have denied setting up businesses in Jersey for tax reasons, as an ongoing inquiry investigates their business empire. The billionaires are being met with increasing questions from MPs about their large debt pile and complex business structure. In November, Mohsin Issa faced claims that he had “misled” parliament by submitting evidence with inaccuracies.

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SHEIN Sued by Temu as Competition for Selling Cheap Goods Rises

Retail Wire

The rivalry between Chinese-owned fast-fashion retailers, SHEIN and Temu, is heating up, taking the competition to a whole new level.

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Will Macy’s follow Sears to the retail graveyard?

Retail Dive

The iconic department store could thrive as a smaller, more focused retailer, but a potential buyout would make a transformation unlikely, analysts say.

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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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AT&T Launches EV Pilot Program With Rivian for Safety, Sustainability, and Cut Costs

Retail Wire

AT&T's long-standing commitment to sustainability has taken another leap forward today with a groundbreaking announcement.

ATS 147
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The 10 Best MuleSoft Blogs in 2023: A Roundup

Mulesoft

Can you believe 2024 is nearly here? Before we head into the new year, we’ve compiled a list of the top 10 highest performing and best MuleSoft blogs from 2023! The post The 10 Best MuleSoft Blogs in 2023: A Roundup first appeared on MuleSoft Blog.

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Elon Musk Proposes New STEM University in Texas

Retail Wire

Known for his groundbreaking ventures like Tesla and SpaceX, Elon Musk is now advancing into the realm of education.

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Mall operator PREIT files for bankruptcy for the second time in 3 years

Retail Dive

The mall REIT came to bankruptcy court with a plan to shed $880 million in debt and obtain $135 million in debtor-in-possession and exit revolver financing.

Finance 117
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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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GM Announces Layoff of 1,300 Employees in Michigan

Retail Wire

GM layoffs have been announced at the General Motors facilities in Michigan.

ATS 147
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Amazon wins £215m tax battle with the EU

Retail Gazette

Amazon has triumphed in a £215m tax fight at the European Union’s top court. The ecommerce business had been accused of striking a sweetheart deal with Luxembourg, where it avoided paying tax on 75% of its EU profits. The European Commission was prompted to appeal after lower court judges claimed the deal was not unlawful. However, the EU’s Court of Justice dismissed the claims on Thursday, insisting it had not proved the deal “was a state aid that was incompatible with the int

Marketing 109
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The Weekly Closeout: Doritos creates nacho cheese-flavored liquor and Target gets a new ‘employee’

Retail Dive

In a partnership with Empirical, the chip-flavored drink is set to sell in New York, California and online, while a Skipper doll exclusive is now at Target.

ATS 112
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Currys boss blasts government for minimum wage hike

Retail Gazette

Currys boss Alex Baldock has claimed the government’s minimum wage rise means it does not understand or care about UK retailers. The remarks follow Jeremy Hunt revealing plans to raise the legal minimum wage to £11.44 per hour from April 2024, making it almost a 10% hike. The news means businesses will pay full-time workers around £1,800 extra per year.

Planning 104
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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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How brands can drive customer engagement, loyalty in the digital age

Retail Customer Experience

Standing out in the digital age requires brands to go the extra mile with their online presence. That means prioritizing customers and giving them an experience that keeps them engaged and inspires loyalty.

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Shaping the Future of Finance: The Cisco and AWS Collaboration in EMEA

Cisco Retail

The collaboration between Cisco and Amazon Web Services (AWS) in the Europe, Middle East, and Africa (EMEA) region—combining each company’s market leading strengths—continues to deliver impressive out… Read more on Cisco Blogs

Finance 98
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Showfields landlord, funders voice concern over bankruptcy financing

Retail Dive

The retailer's Brooklyn landlord objected to its proposed DIP financing, alleging Showfields has insiders involved with the lender. Meanwhile, the CEO said the company is working on "reaching a resolution" with creditors.

Finance 97
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GE Appliances and Kroger Partner Up To Elevate Contextual Commerce with Dynamic Discoverability

RIS News

GE Appliances is bringing CPG discoverability to its products in partnership with Kroger. The new feature will tap into smart appliances to offer users recipe inspiration while cooking.

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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