Fri.Nov 25, 2022

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Is the retail sector struggling or thriving in 2022? 

Retail Focus

With the likes of EY and Goldman Sachs predicting the UK will be in recession until at least the middle of next year, investors, workers, and bosses have all eyes on the economy. One area being watched with baited breath is the retail sector. In 2020, retailers were hit hard by the pandemic, but those that adapted to ecommerce and home delivery fared well throughout lockdowns and into the post-Covid recovery period.

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In the News: Recovery Grants From $1,000 to $100K Available to Small Businesses

Small Biz Trends

The impact of the pandemic will be felt for a long time. This is why pandemic-related grants are still available across the country from city, state, and federal grant programs to help small businesses. Even though the amount of these grants is not the same as PPP loans, they are still substantial enough to address some of the challenges small business owners are facing.

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‘Must-see Moments’ for MAPIC 2022: Conference Programme, Events & Speakers

Retail Focus

The 2022 MAPIC Conference Programme has been released. As denoted by the central theme of this year’s conference, People, Planet, Profit: Navigating retail towards a more ‘human’ world, the focus will be on two central ideas: sustainability and new business models that integrate flexibility, prioritising human beings, their needs, new behaviours, and new ways of living.

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Removing failed payments could increase this year’s Black Friday weekend sales by up to £200mn for UK online retailers

365 Retail

UK online retail businesses could increase their gross sales by up to £200 million during the 2022 Black Friday weekend (25th – 28th November) if failed payments are avoided, according to the latest analysis by BR-DGE ’s failed payments calculator. Recent data from VoucherCodes forecasts that UK shoppers are set to spend £8.71bn this Black Friday Weekend.

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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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Imperial launches new disposable vape

Talking Retail

Tobacco giant Imperial Brands has launched a new disposable vape range under the Blu banner. The range is made up of a collection of compact pocket-sized vapes with each containing 20mg of nicotine in 2ml of liquid, providing up to 600 puffs. The vapes also have an LED indicator that lights up when in use. This story continues at Imperial launches new disposable vape.

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Business Dissolutions: What to Know Before the End of the Year

Small Biz Trends

There are many reasons small business owners decide to close their businesses: cash flow difficulties, too much competition, the economy, retirement, or wanting to move on to another opportunity. Whatever the reason, having a thorough plan for business dissolution is just as important as it was to follow your business startup plan. Here’s a breakdown of what you need to know about the business dissolution process, sorted by legal entity, and how to wrap things up without landing yourself i

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C-stores ‘to play key role this Christmas’

Talking Retail

Convenience stores are set to play a key role in the run-up to Christmas, with almost 60% of consumers saying the sector will be central to their shopping plans this time around. More than a quarter (28%) say they are ready to begin their seasonal shopping visits at the start of December, while a further. This story continues at C-stores ‘to play key role this Christmas’ Or just read more coverage at Talking Retail.

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Balenciaga Apologizes for “Sickening” Ads Featuring Children Holding Teddy Bears in Bondage Gear

VMS

Balenciaga (Paris) crossed a line with a recent ad campaign that depicted toddlers holding teddy bears in bondage gear, prompting widespread criticism and calls to boycott the luxury fashion brand. Beyond the teddy bears, the ads are littered with suggestive references to child abuse. One photo shows a document from a 2002 Supreme Court case, Ashcroft v.

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Axel Arigato rejects "McDonald's approach" to interiors with Berlin flagship store

Dezeen

Travertine displays that double as DJ podiums feature alongside glistening butter-yellow columns in Axel Arigato 's Berlin outpost, which the streetwear label has designed together with longtime collaborator Halleroed. The brand's flagship boutique is set in the central Scheunenviertel neighbourhood, across the ground floor of a prefabricated concrete Plattenbau building typical of post-war East Germany.

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Coca-Cola lights up London with karaoke takeover of iconic Piccadilly Circus

A1 Retail

Piccadilly Circus was illuminated in festive red on Thursday evening as part of a huge Coca-Cola Christmas sing-along. Thousands joined the live karaoke moment celebrating the return of the brand’s much-loved “Holidays Are Coming” advert. Holidays are coming! On Thursday evening, one of London’s most famous landmarks lit up in Coca-Cola red as thousands came together to celebrate the magic of Christmas with a festive sing-along.

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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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7 Steps to Create Successful Shipping for Your Business

Independent Retailer

by Sidney Karanja. Today’s business environment is more globalized and complex than ever before. In order for online brands and ecommerce businesses to compete in this marketplace, it is essential to have a shipping process that is efficient and cost-effective. Covering everything from understanding your customer’s needs to choosing the right shipping provider, here is your comprehensive guide to building the perfect shipping process for your business: Define Your Business’s Sh

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Coca-Cola lights up London with karaoke takeover of iconic Piccadilly Circus

365 Retail

Holidays are coming! On Thursday evening, one of London’s most famous landmarks lit up in Coca-Cola red as thousands came together to celebrate the magic of Christmas with a festive sing-along. Following the success of the first ever live karaoke experience on the iconic Piccadilly Lights in 2019, Coca-Cola returned this year to lead revellers in popular Christmas carols and, of course, the much-loved “Holidays Are Coming” song – made famous by Coca-Cola’s legendary Christmas television ad

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Guest Post: Transactional vs Relational Customer Service

Hyken

This week, we feature an article by Deniz Kuran, Head of Marketing at Idiomatic , an organization that helps companies understand their customers by translating customer feedback into actionable data. She discusses the difference between transactional and relational customer service. Effective customer service should contribute to a positive relationship between the organization and the customer.

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Refurbishment reaps sales rewards at Leicestershire village store

Talking Retail

The overhaul of a busy village store in Leicestershire has helped boost the sales by more than 20%. Nisa retailers Paul and Jack Matthews refurbished their family store in Rothley just 18 months after doing the same at Bradley’s in Quorn, also in Leicestershire. The Rothley store has been operating for 40 years and has. This story continues at Refurbishment reaps sales rewards at Leicestershire village store.

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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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British independents select Icon Outlet at The O2

A1 Retail

Icon Outlet at The O 2 , one of London’s leading outlet shopping destinations, developed by AEG and Crosstree Real Estate Partners, has announced the signing of three independent British retailers – TOG24, Raging Bull, and Luke 77 – adding to the outlet shopping destination’s line up of over 60 premium retail brands. Located on Icon Outlet’s Lower Level, TOG24’s 1,707 sq ft store will open in early 2023, stocking the brand’s popular outerwear collections for men, women, and children.

ATS 59
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Retailer's Huge Holiday Wish?

LS Retail

©iStock/pialhovik Retailers’ biggest holiday wish is to get rid of all that excess inventory. As some of the nation’s largest retailers report quarterly earnings and revenue, Wall Street is paying close attention to another number, too — inventory levels. Who isn't carrying a great deal of inventory lately? And who isn't experiencing issues with goods ordered pre-pandemic that are finally arriving now?

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JYSK delivers record results despite global challenges

A1 Retail

For the financial year 2021/22, JYSK reached its highest EBIT result to date of DKK 4.56 billion (EUR 612 million) and increased turnover by 11% to DKK 36.2 billion (EUR 4.87 billion). However, the retail chain is now seeing the first signs of a slowdown in sales due to global challenges. JYSK continued to successfully deliver on its business strategy of financial growth and expansion for its financial year 2021/22, which runs from September to August, with increased sales, store expansions and

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Ex Deliveroo and CloudKitchens executives launch bodo

365 Retail

Bodo, the eCommerce delivery platform, is planning to transform the sector with customer-centric 1 hour and same day sustainable delivery. With nearly half (46%) of consumers abandoning their shopping carts if delivery waits are too long, bodo is tackling this issue for brands with its plug-in at checkout. It enables businesses to better service their customers, whilst tackling the growing environmental concern from consumers over how their goods are being delivered.

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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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CRICKET signs for flagship store at Liverpool ONE

A1 Retail

Grosvenor has announced that luxury boutique retailer, CRICKET, is to launch a new 21,000 sq ft flagship store at Liverpool ONE. Positioned at the head of Peter’s Lane, Liverpool ONE’s premium lifestyle pitch, CRICKET’s high-end, fashion anchor store will feature an extensive range of designer menswear, womenswear, and children’s collections, alongside designer bags, shoes and accessories.

ATS 59
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Black Friday is off to a steady start

365 Retail

Barclaycard Payments, which processes £1 in every £3 spent in the UK, has so far today (as of 10am) seen the volume of payments remain consistent compared to the same period on Black Friday 2021. Marc Pettican, Head of Barclaycard Payments, comments: “ Our data shows that Black Friday is off to a steady start this year, despite the challenging economic backdrop.

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Kuusoft Corporation Announced a Collaboration with Slutty Vegan to Provide the Restaurant with its Digital Signage Solution

Kuusoft

Jenny Lin Kuusoft Corp. +1 866-546-8838 marketing@kuusoft.com For Immediate Release Kuusoft Corporation Announced a Collaboration with Slutty Vegan,… The post Kuusoft Corporation Announced a Collaboration with Slutty Vegan to Provide the Restaurant with its Digital Signage Solution appeared first on The Official Kuusoft Blog.

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Barclaycard Payments sees marginal increase in Black Friday transactions compared to 2021

365 Retail

Barclaycard Payments, which processes £1 in every £3 spent in the UK, has so far today (as of 1pm) seen a Marginal increase in the volume of transactions, by 0.7 per cent, compared to the same period on Black Friday 2021. The All-time record has been broken for transactions-per-second between 12-1pm today, showing shoppers are making the most of their lunch break to bag a bargain.

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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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Can Your Business Benefit From Data Extraction?

Retail Minded

Data generated by companies and consumers is set to grow exponentially over the next few years to 175 zettabytes, according to some estimates. These vast volumes of data represent value, particularly for businesses that can leverage them. This is because they contain insights into market trends (existing and emerging), consumer behavior, and key predictors of the future.

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Blakemore and Bestway among the winners at FWD Gold Medal Awards

Talking Retail

Bestway was named top Retail Wholesaler at this year’s Federation of Wholesale Distributors (FWD) Gold Medal Awards, which took place last night at Old Billingsgate market in London. Judges said Bestway’s partnerships with suppliers had helped deliver “outstanding availability levels during the toughest trading period, through buying ahead, collaborative joint forecasting, backhauling stock to mitigate.

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What To Do When Your Business Faces A Lawsuit 

365 Retail

As a small business, legal issues and lawsuits are rarely good news. Life can be tough enough battling it out in competitive industries, winning hard-fought customers and building truly valuable products and services. . The financial costs of legal trouble, even in cases where a case is won, can be significant enough on their own, but it doesn’t end there.

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Rollover extends its range

Talking Retail

Rollover, the hot food-to-go brand best known for its hot dogs, has increased its burger range by launching a cheeseburger and a double cheeseburger. The new burgers are available to convenience stores all over the UK. The pre-cooked, frozen beef patties in both the Cheeseburger and the Double Cheeseburger are quarter-pounders (113g) and are served.

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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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Boxpark announces expansion of its PlayBox leisure concept with BBQ and burger restaurant duo

A1 Retail

Following its success in Wembley, BOXPARK is bringing its signature PlayBox leisure concept to Croydon this winter alongside the second outlet of National Burger Award Finalist Nanny Bill’s and smoked BBQ meat restaurant HotBox. PlayBox was a new addition to the BOXPARK concept when its Wembley site opened in December 2018, featuring UV pool tables, table tennis, shuffleboard, glow-pong and air hockey amid a neon backdrop complete with a fully functioning bar.

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Conference briefs industry on Scotland’s new deposit return scheme

Talking Retail

More than 600 representatives from drinks producers, retailers and hospitality businesses have met this week in Glasgow to prepare for the introduction of Scotland’s deposit return scheme (DRS) for drinks containers. The scheme begins in August next year. The conference was organised by the DRS administrator Circularity Scotland to bring businesses across Scotland together and.

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Want to Create Better Experiences for Customers? Embrace These Technologies

Retail TouchPoints

Incredible digital user experiences sit at the heart of a successful retail brand. Subpar shopping experiences won’t be tolerated by today’s digitally savvy consumers: 69% of online shopping carts are abandoned, and whilst the reasons for abandonment are wide and varied, many relate back to poor user experience. Brands can’t afford to ignore any factors that drive their customers to the competition.

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Moo Free extends its Christmas offer

Talking Retail

Vegan and free-from chocolate brand Moo Free has extended its Christmas range for 2023 with an orange chocolate bauble and white chocolate snowballs. The White Choccy Snowballs come in a bag and are gluten-free malt balls covered in Rainforest Alliance dairy-free white chocolate. Moo Free, a family-run business that has been established for more than.

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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.