Inside Retail

MARCH 30, 2023

There’s been much discussion about the wage-price spiral theory, which theoretically sees wages rise concurrently with prices, subsequently exacerbating inflationary pressures. In early March, the Reserve Bank of Australia increased the interest rate for a tenth consecutive period, to 3.6 per cent in order to control this cycle and curb inflation. However, according to recent data by the Australian Bureau of Statistics in late February, the gap between wages and prices was at 4.5 per cent, the l

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Retail Focus

MARCH 30, 2023

The Visual Merchandising and Display Show is one of the most highly anticipated events in the retail industry, providing a unique platform for professionals to come together and showcase the latest innovations, trends and techniques in the field of visual merchandising and display. The show will take place on the 18th to 19th April 2023 at the Business Design Centre in London and is set to be a must-attend event for anyone looking to stay ahead of the curve in retail.

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Inside Retail

MARCH 30, 2023

H&M, the world’s second-biggest fashion retailer, reported on Thursday a surprise operating profit for the December-February period, despite weak demand as consumers curtailed spending amid soaring inflation. Operating profit in the Swedish group’s fiscal first quarter was $69.73 million against a profit of 458 million a year earlier and a mean forecast of 1.10 billion loss in a Refinitiv poll of analysts.

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Retail Focus

MARCH 30, 2023

While all retail stores use similar marketing techniques , high-end retail stores have to use that blueprint and turn it on its head. After all, no one is going to buy a $5,000 bag just because it’s expensive; they buy it for the name brand. But if you don’t have a name, what can you do? 10 Different Techniques to Increase Luxury Sales Figures Gucci, Dior, and Chanel can get by with just name recognition alone, but your brand will need something more.

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Speaker: Andrew Regan, Managing Partner at BlueSeed Retail Ltd.

Did you know that 70% of new retail technology fails to deliver expected benefits and can often decrease customer value, service, and experience? With that in mind, how can we empower our store associates to leverage new technology to optimize the customer experience and boost productivity? This exclusive webinar with Andrew Regan will dive into strategies to empower retail associates for success with new technology.

Customer Experience

Inside Retail

MARCH 30, 2023

Homewares retailer Adairs has partnered with an Indigenous art project – Cungelella Art – to launch a limited-edition collection in-store and online. Cungelella Art is a project between four Kalkadoon sisters, named after the family’s grandmother. The collection reflects the stories of the sisters’ Kalkatungu homelands, with the colour palette “influenced” by the ancient rock faces, spinifex-covered hills and the shades of the Mt Isa sunset.

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Dezeen

MARCH 30, 2023

Italian studio Andrea Tognon Architecture has collaborated with former Moschino creative director Jeremy Scott to renovate the brand's flagship store in Milan. Located on Via della Spiga, one of Milan's famed shopping streets, the store sits within the 18th-century Palazzo Perusati, which was recently transformed by real estate company Hines into a luxury retail development.

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Retail TouchPoints

MARCH 30, 2023

The virtues of composable commerce and the emerging possibilities of generative AI were key themes of this year’s Connected Consumer Series , Resilient Retail: How Efficient, Effective and Engaging CX is Fueling Growth. The webinar series, now available on demand, included case studies from retailers Sweaty Betty and SiteOne that highlighted composable commerce’s flexibility and positive impact on site performance, as well as information on how ChatGPT offers personalization capabilities at scal

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Inside Retail

MARCH 30, 2023

It’s a brave new world for Alibaba Group, which recently announced that it is planning to split into six units and explore fundraisings or listings for most of them. This is all part of a major revamp, as the Chinese government eases its regulatory crackdowns and starts to support its private enterprises. The six independent business units that have been proposed are: Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Comme

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Retail Dive

MARCH 30, 2023

The brand debuted both physical and digital wearables in a collaboration with DressX, Ready Player Me, Spatial, Roblox and Decentraland.

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Fashion 120

Inside Retail

MARCH 30, 2023

Esprit CEO William Pak is one of those lucky few who doesn’t need a lot of sleep. That comes in handy, given the enormous task of turning around the iconic fashion brand, which lost its way in recent years. Here’s a closer look at Pak’s career journey thus far. Inside Retail: Tell me about your career journey. How did you get into the industry, what are some of the different roles you’ve held along the way?

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Speaker: Robyn O’Brien - Founder of Sirona Ventures, Adjunct Professor at Rice University’s Business School, Supply Chain Optimization and Logistics Expert

Today’s supply chain leaders are required to stay strong in the face of disruption and not only accept it, but embrace it – after all, progress is made outside of your comfort zone. While it’s easier said than done, conquering the fear of instability in your supply chain is within your reach. Thanks to the advancement of technology and AI, we now have more tools and resources at our disposal than ever before to conquer, not crumble, in the face of uncertainty.

ATS

A1 Retail

MARCH 30, 2023

Parcel delivery firm DPD has donated £90,000 to the RSPB to support the nature conservation charity’s work restoring a sand and gravel quarry on the banks of the River Trent, in Nottinghamshire. Langford Lowfields is a flagship conservation project, created out of a partnership involving the RSPB and Tarmac. The reserve currently covers 120ha and provides a haven for nature.

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Inside Retail

MARCH 30, 2023

Redbubble co-founder Martin Hosking named CEO By Rakshnna Pattabiraman Martin Hosking has been appointed CEO and MD of the Redbubble Group, effective immediately. Outgoing CEO Michael Ilczynski resigned to pursue other opportunities in a non-competitive area and will provide assistance to Hosking until June 30 to ensure a smooth transition. “While I am disappointed the group has not returned to growth under my leadership, I am proud of the progress we have made towards achieving our strategic ob

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Retail TouchPoints

MARCH 30, 2023

The National Retail Federation (NRF) expects retail sales to grow from 4% to 6% in 2023, reaching between $5.13 trillion and $5.23 trillion for the year, according to data released at the State of Retail & the Consumer virtual event. This puts annual growth projections significantly above the pre-pandemic average of 3.6% , but below the 7% growth rate of 2022.

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Inside Retail

MARCH 30, 2023

Ten consecutive cash rate rises, as well as grocery price increases of almost 10 per cent during the three months to December 2022, could set the scene for the next major retail sales event: Easter. The holiday is expected to see Australians indulge, according to the Australian Retailers Association (ARA), which is tipping consumers will spend almost $1.7 billion during Easter – a figure which is up 14.5 per cent on 2022, and which outstrips base-line inflationary increases.

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Planning

Retail TouchPoints

MARCH 30, 2023

Foot Locker , which is aiming to grow its revenue to more than $10 billion through its Lace Up Plan, will expand tech investment to 3% or above annual sales — a move that will boost capital expenditure in the area by more than 50% over the coming four years and raise its overall capital expenditure by more than $50 million as it pursues 25% digital sales by 2026.

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Retail Dive

MARCH 30, 2023

The retailer is also introducing three exclusive skin and hair care lines — featuring products for $6 or less — nationwide.

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Retail Times

MARCH 30, 2023

The subject of the tech skills gap remains a hot topic of conversation in both tech and wider business circles, with Fortune recently reporting on how the gap may well widen if uptake of tech careers continues to remain low amongst Gen Z.

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Retail Dive

MARCH 30, 2023

The team talks about the treasure trove of information on the department store’s financial health, found thanks to a tip from one of its new owners.

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Department Stores 100

Advertiser: ZoomInfo

When economic headwinds pick up, sales leaders are the first to sound the alarm — and chart a new course. Longer sales cycles, larger buying committees, increased price pressure, and smaller teams can quickly combine to reduce your margin for error and increase the urgency to find a solution. To thrive in a challenging environment, sales teams need a rock-solid grasp of the fundamentals and the biggest force-multipliers they can get their hands on.

Customer Retention

Retail Minded

MARCH 30, 2023

Wouldn’t it be great to believe retail security was not an issue? That’s a day dream we’d all like to see come true, but we know that will never be the case, unfortunately. With a reported 550,000 retail theft incidences happening daily across the country, it’s critical to identify a security plan that suits your unique store, theft concerns, and more.

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Retail Dive

MARCH 30, 2023

The retail giant is providing few details about the downsizing of a network that it had grown quickly in recent years.

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Fulfillment 111

Retail TouchPoints

MARCH 30, 2023

Banana Republic has expanded its selection of home goods with an exclusive spring collection of premium bedding, rugs, pillows and décor. The new additions to the BR Home collection will focus on craftsmanship and sourcing products using high-quality and natural fabrics such as European linen, plush cotton cashmere and organic cotton.  BR Home includes items crafted by artisans from around the globe, exclusively created and curated by Banana Republic.

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ATS 85

Retail Dive

MARCH 30, 2023

Marie Mignon was one of the hair care brand’s first employees and previously worked at L'Oréal for eight years.

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ATS 106

Speaker: DeAnna McIntosh, Retail Growth Strategist

The past three years have forever changed the retail landscape. Companies of all sizes were forced to welcome change with open arms and surrender to total flexibility in order to be agile in the ever-evolving economic environment. In 2023, we are navigating inflation and its impact on consumer spending, various lasting side effects from the pandemic, and a looming recession in the back half of the year.

Consumer

Mulesoft

MARCH 30, 2023

Learn how integrating your touchpoints throughout your customers' buying journeys will help you develop a true customer company. The post How to Build a Customer Company Through Integration first appeared on MuleSoft Blog.

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Retail Dive

MARCH 30, 2023

Forma Brands reached an agreement to be acquired by Jefferies Finance and Cerberus Capital Management after filing for Chapter 11 in January.

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Retail TouchPoints

MARCH 30, 2023

H&M U.S. has expanded its extended size assortment in consultation with activist and model Tess Holliday. Stores will now feature products that go up to 2XL for women and men, and online extended sizes will be available up to 4XL for women and 3XL for men. In addition to the extended size assortment, H&M recently introduced the new Curvy Denim collection, which focuses on fit and shape instead of size and caters to a curvier body type, with more room in the hips and thighs and a longer r

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Retail Dive

MARCH 30, 2023

Through the new division, brands can use the tech giant’s 3D Viewer, Fit Finder and AR Try-On features on their own apps and websites.

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Advertiser: ZoomInfo

ABM gets better with age — but unfortunately, marketers don't have the luxury of pouring it into an oak barrel for a couple decades to let it mature. In a recent survey with Demand Gen Report, we found 59% of experienced practitioners (those with ABM programs more than a year old) indicated their ABM programs are meeting or greatly exceeding their expectations, while only 45% of novices (those with ABM programs less than one year old) could say the same.

Marketing

Retail TouchPoints

MARCH 30, 2023

Mobile Media Labs solutions are designed to help retail marketers connect with publishers looking to monetize their traffic in order to help retailers acquire new customers despite strained budgets. The MM Offerwall platform offers a cost-per-action basis for acquiring new customers that is set up to only require retailers to pay if they get predefined results, such as downloading the app or signing up.

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Mulesoft

MARCH 30, 2023

API governance ensures consistent API quality and security through design, development, and deployment. We often see API governance as an impediment to product delivery. But without proper governance, the APIs we build and use to create a composable enterprise become the weak link that leaves data exposed. The post 3 Best Practices for API Governance Across Your Organization first appeared on MuleSoft Blog.

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Retail TouchPoints

MARCH 30, 2023

The trend lines for private label sales have rarely looked better. The Private Label Manufacturers Association reported that sales of private label consumer packaged goods soared 11% last year to nearly $230 billion. Sales of store brand products often rise during periods of economic hardship, and it’s clear that double-digit inflation has spurred consumers to turn to cheaper alternatives to save money.

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LS Retail

MARCH 30, 2023

©iStock/Robert Way The Jack Ma-founded conglomerate, which includes Alibaba , said on Tuesday, March 28, 2023 it was planning to split into six units and explore fundraisings or listings for most of them, marking the biggest restructuring in its 24-year history. This might be a signal that Beijing’s regulatory crackdown on corporates is ending, propelling the conglomerate's shares higher and boosting investor confidence in prospects for Chinese tech firms.

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Planning 78

Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC

Since 2020, procurement and supply chain professionals have faced an unprecedented set of challenges. The pandemic was just the start. It was followed by port blockages and congestion, strikes among truck drivers and railway workers, a major recall and plant closure that led to a disastrous baby formula shortage, concerns about the future of semiconductor availability, turbulence in the ESG investment market, and much more.

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