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Purple Innovation has confirmed that investment firm Coliseum Capital Management made an unsolicited, non-binding proposal to acquire all outstanding capital stock of the digitally native mattress company for $4.35 per share on Sept. 17, 2022. The news of the acquisition bid sent shares of Purple soaring to approximately $3.85 when markets opened Sept. 19, 2022, up from $2.79 when markets closed on Sept. 16, 2022 — an increase of nearly 39%.
Hobart is set to host its first fashion festival this month dubbed the Tasmanian Fashion Festival (TFF). The event spans two days and aims to support emerging and established designers, creatives and retailers. The runway preview will take place at the Henry Jones Art Hotel on September 30 followed by an all-day fashion fair at the Wrest Point Hotel and Casino on Saturday.
Sam’s Club has partnered with ecommerce advertising solution Pacvue to help brands that advertise on the retailers’ site reach the right consumers at the right moment. The new partnership is facilitated through an API integration with the Sam’s Club Members Access Platform (MAP), where brands access and manage their ad campaigns. Launched in June 2022, Sam’s Club MAP offers agencies, ad tech platforms, suppliers and marketers an additive advertising experience with tools, experiences and o
Australian fashion brand Aje has committed to further international expansion, potentially including a dedicated bricks-and-mortar presence in the United States, after spending the last year and half focusing heavily on its international retail partners. According to Aje’s co-founder and chief executive Adrian Norris, the business has been focusing on its wholesale and online business in parts of the US, UK, Europe and the United Arab Emirates, but has found that shoppers are increasingly wantin
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Good Food Holdings and Instacart will open the first Instacart Platform-powered Connected Store at a Bristol Farms location in Irvine, Calif. The supermarket will utilize the Connected Stores experience to help shoppers move seamlessly between the retailer’s app, website and in-store experience. The Bristol Farms store will use Instacart’s Caper Cart technology, which enables smart carts equipped with scales, sensors, touchscreens and computer vision to power scanless technology that lets shoppe
Deltora Diamonds is an Australian fine jewellery brand specialising in lab-grown diamonds and gemstones. It has opened three stores in the last 18 months and is looking to enter the New Zealand market next year, as demand for ethical products grows. Here, we speak to Deltora’s co-founder and CEO Melissa Trafford-Jones about the process of creating lab-grown gems, how she got into the jewellery industry and what’s next.
A customer has a question but can’t find anyone to help. When they finally track someone down, the employee doesn’t know the answer. Maybe the employee pages someone. Or, if you’re lucky, the employee has a walkie-talkie and they call for help. Then, everyone waits. Hopefully, someone gets back to them in a reasonable amount of time. But the whole time, the customer is frustrated and getting more unhappy with each passing second.
A customer has a question but can’t find anyone to help. When they finally track someone down, the employee doesn’t know the answer. Maybe the employee pages someone. Or, if you’re lucky, the employee has a walkie-talkie and they call for help. Then, everyone waits. Hopefully, someone gets back to them in a reasonable amount of time. But the whole time, the customer is frustrated and getting more unhappy with each passing second.
Lazada recently came together with leading brands to launch Southeast Asia’s first e-commerce anti-counterfeiting consortium, also known as the Seca Working Group. In its composite declaration, the consortium aims to address rapidly evolving issues of counterfeit trade in online retail and to support the intellectual property rights (IPR) of participating brands and consumer protection efforts in the e-commerce environment.
More than nine locations at NFL venues, including Las Vegas’ Allegiant Stadium and Nissan Stadium in Nashville, Tenn., have incorporated cashierless technology from Zippin ahead of the new football season. Nissan Stadium now offers five frictionless Zippin Lanes and after incorporating four lanes, Allegiant Stadium has experienced: A 66% increase in speed of service; A 45% increase in sales for a traditional stand space compared to 2021; and A 30%+ increase in the number of product SKUs offered.
With the rapid evolution of digital channels and online shopping, a global pandemic, and supply-chain challenges, retail is evolving at an unprecedented pace. Customer expectations of engagement and experience in retail are changing equally quickly. Not that long ago, walking into a carefully organised grocery market, hearing a pianist perform in the centre of a high-end department store, or having a retail associate help guide you represented a good retail customer experience.
It’s easy to understand why the skincare market exploded during the pandemic. Working from home and sheltered in place, consumers focused less on detailed makeup looks and more on reliable skincare routines that cleared blemishes and gave Zoom-captured faces a glow. Soon after, a completely new breed of influencer arose with the emergence of “SkinTok,” a social media phenomenon in which consumers and influencers gravitated to TikTok for skincare tips and product advice.
AI agents already analyze trends, draft content, and trigger actions across leading commerce platforms. Yet most organizations still rely on workflows built for human‑only teams, losing speed, margin, and customer loyalty. Humans + Agents: Rethinking Enterprise Commerce in the Age of AI Collaboration shows how to close that gap. In one concise read you’ll see where agent gains surface first, how early adopters prove ROI, and which lean controls keep innovation moving without risking data or bran
5G services can’t succeed without flexible, efficient, and programmable transport. To support and capitalize on 5G services, 5G RAN transport architectures have evolved to support virtualization and slicing, strict latency, jitter, stringent synchronization, and multi-cloud interconnect architectures. Recent Cisco innovations have focused on segment routing and IPv6 to improve network reliability with traffic engineering and to simplify network complexity with programmable transport, providing 5
In just 10 years, Vietnamese fashion retail operator Maison Retail Management International (MRMI) has built a network of more than 120 retail stores across 18 high-profile international fashion brands. Now the company’s founder has disclosed, in an interview with Inside Retail , plans to treble its store network within five years, add another 10 brands to its portfolio, and expand abroad – all while preparing for a potential IPO.
Lululemon Athletics founder Chip Wilson and his wife, Summer, have pledged $75.8 million to acquire and protect wilderness space in Canada’s British Columbia. “Our vision for our family is providing components for people to live a longer, healthier, and more fun life. So it all kind of fits,” said Mr. Wilson.
Central Coast’s Erina Fair Shopping Centre is set to welcome a host of national and international brands by Christmas this year. The new tenants include H&M, City Beach, Rebel, JD Sports, Dangerfield, EMF Fitness Centre, Glue Store, Kidstuff and Peter Jackson. Stephen Ross, centre manager at Erina Fair, said her team has listened to what the local community wants to see at the centre, “and we’ve responded with a great mix of national brands, expanded product offerings, services, new co
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
Office use was at 47.5 percent for the five days between Sept. 8 and 14, according to Kastle Systems. That marks the highest percentage since the start of the novel coronavirus pandemic.
The National Retailers Association (NRA) has recognised some of Australia’s top retailers at its National Retail Awards on the Gold Coast. “Our industry plays a huge role in Australia’s economy, employment and social structure, and the NRA is dedicated to connecting retailers for the success of the industry now and into the future,” said Lindsay Carroll, interim CEO.
Shopify has introduced a new compensation plan that enables workers to restructure their awards between cash payments and equity. Around 91 percent of the company’s employees have already enrolled in the new plan. “An employee saving to buy a house can choose to take home more in cash. Someone planning for their children’s future can opt for more RSUs or options,” said Tia Silas, chief Human Resources officer at Shopify.
Soon after Britain’s Tesco abandoned its retail business in Thailand and Malaysia in early 2021, its buyer, Thailand’s Charoen Pokphand Group, merged it with its Siam Makro wholesale arm. Makro, the biggest cash-and-carry operator in Southeast Asia, was already something of a beast in wholesale and retail terms: it operated 154 warehouse-style units with an average size of just under 5,400sqm, selling to both retailers and end consumers in major cities and secondary locations, mostly in Thailand
Late deliveries. Split shipments. Spiraling freight costs. For home, furniture, and DIY brands, fulfillment has never been more complex—or more critical. This report outlines how a smarter, AI-ready order management system (OMS) helps you reduce shipping costs, streamline project-based fulfillment, and ensure accurate inventory across every channel.
Instacart wants to use its initial public offering of stock to enrich its employees. The company will concentrate on selling shares owned by employees in an effort to retain its talent and recruit others.
Daraz, one of South Asia’s leading ecommerce platforms, recently announced upcoming plans to automate two of its smart distribution centres in Pakistan. The two facilities are located in Karachi and Lahore, and they will be among the most technologically advanced logistics facilities in South Asia. Cainiao Network, the logistics arm of Alibaba Group, will be the technology partner in this endeavour.
I am excited to be working on the first virtual event of our brand-new event series, Develop ! This new series, created for cloud application developers, will feature webinars, virtual events and in person sessions focusing on helping devs navigate the evolving world of enterprise cloud applications. . Our first full-day event, on October 18, 2022, will focus on Lessons Learned From Cloud-Native Developers.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Small businesses have taken a hit over the past few years with pandemic-related supply chain issues and increased inflation. Throughout these challenges, many business owners have been able to pivot and thrive in the current climate. However, there is always room for continued financial improvements to promote sustainable long-term growth. To help, 10 members of Young Entrepreneur Council (YEC) answered the following question: “What’s one action a small-business owner can take today
The company’s “Connected Stores” suite includes an updated smart cart, scan-and-pay program and electronic shelf labels that work together to digitize the shopping journey.
The Empire Diner in Landsdowne, PA, was found to have taken its wait staff’s tips to pay the hourly wages for its bussers. The business must now pay $1.35 million in back wages and damages to more than 100 wait staff whose tips it misappropriated.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
With the growth of online shopping, ecommerce retailers should be turning their attention to another type of fraud with potentially far greater impact on the bottom line.
McDonald’s will reopen three of its restaurants in Kyiv this week as it fulfills a pledge to the Ukrainian people to bring workers back even as Russia’s unprovoked war against their nation continues. The fast food giant plans to reopen more restaurants in Kyiv and Wester Ukraine over the next two months.
Following a 70-store pilot, the retailer is rolling out Focal Systems’ computer vision cameras to scan shelves at predetermined intervals and alert workers to restock products.
BeReal is a French photo-sharing app that prompts users once a day to snap a selfie. The app uses the phone’s front and back cameras to provide a fuller picture of what’s going on around the user. BeReal is growing increasingly popular and inspiring imitators among other social sites. TikTok recently debuted TikTok Now, which uses both the front and rear cameras of a user’s phone to show what’s going on in their lives at a particular moment in time.
When it comes to driving traffic and growing your online presence, businesses often ask: SEO or PPC—what’s the better choice? This guide breaks down the key differences between search engine optimization (SEO) and pay-per-click (PPC) advertising, highlighting their pros, cons, and best use cases. Whether you’re looking for long-term organic growth or immediate visibility through paid ads, we’ll help you determine which strategy—or combination of both—is right for your business.
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