Mon.Sep 19, 2022

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Purple Shares Ascend Following Coliseum Capital Management Acquisition Bid

Retail TouchPoints

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%.

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Hobart to host Tasmanian Fashion Festival this month

Inside Retail

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.

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Sam’s Club Expands Retail Media Offering to Aid Product Discovery

Retail TouchPoints

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

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Aje sees the light: Why the Aussie brand is ramping up its global presence

Inside Retail

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

Wholesale 246
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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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Good Food Holdings Opens Connected Store Powered by Smart Carts and Electronic Shelf Tags

Retail TouchPoints

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

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Are lab-grown gems the future of jewellery? Deltora Diamonds CEO thinks so

Inside Retail

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.

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Exclusive: Vietnamese fashion operator eyes international expansion plan

Inside Retail

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.

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Lululemon founder pledges $76 million to protect British Columbia wilderness

Retail Wire

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.

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Erina Fair reveals new retail tenants ahead of Christmas

Inside Retail

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

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Return to office rates are trending upward

Retail Wire

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.

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How Harry Rosen Turns Targeted Personalization Data into Retail Loyalty

Speaker: Shaunna Bruton and Kailey Holmes

Unlock the potential of customer data to create personalized retail experiences that resonate with your audience. This webinar will explore the critical role of customer data in modern retail, providing you with strategies to collect, analyze, and apply data to enhance personalization. Learn from leading retailers, like Harry Rosen, and experts on how to turn data into actionable insights that drive customer satisfaction and loyalty.

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Kmart, Betty’s Burgers among NRA National Retail Awards winners

Inside Retail

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.

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Shopify gives staff a choice between cash and equity as part of compensation plan

Retail Wire

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.

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Analysis: Synergies begin to show after merger of SEA hypermarkets

Inside Retail

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

Wholesale 130
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Instacart to focus on selling employee shares in its IPO

Retail Wire

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.

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Optimizing Frontend Delivery in Composable Commerce: The Buy vs Build Decision

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Meet Daraz, the e-commerce player building smart DCs in Pakistan

Inside Retail

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.

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Why Isn’t your 5G RAN Transport Flexible and Efficient?

Cisco Retail

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

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Diner to pay $1.35 million for using wait staffs’ tips to pay bussers’ wages

Retail Wire

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.

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3 Great Reasons to Attend Cisco’s New Developer Event, Develop, on October 18

Cisco Retail

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.

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Innovation Fest: Summer of AI

Join Bloomreach at Innovation Fest: Summer 2024, a virtual event, to explore the future of personalized marketing and merchandising! Along with the company’s top product experts, CEO Raj De Datta will provide an exclusive look at the company’s latest AI innovations reshaping the omnichannel experience. Don’t miss out on this exciting opportunity to connect with fellow industry leaders and explore the latest trends in retail technology.

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McDonald’s is reopening restaurants in Ukraine

Retail Wire

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.

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Instacart rolls out tech enhancements centered on in-store shopping

Retail Dive

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.

Shopping 103
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BeReal should be flattered as other social sites imitate it

Retail Wire

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.

ATS 100
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The billion dollar impact of order claim fraud

Retail Dive

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.

Shopping 105
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Composable Commerce Reference Architecture 2024 Edition

Achieve more with your commerce with the help of Orium’s Composable Commerce Reference Architecture 2024 Edition. Presented in partnership with commercetools, Contentstack, and Google Cloud, this edition is packed with new insights and practical examples to help you navigate changes in digital commerce and construct an adaptable tech stack optimized for efficiency and scalability.

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TikTok’s search results often lead users to misinformation videos

Retail Wire

Nearly 20 percent of videos presented as the results of news searches contain misinformation, according to a NewsGuard. Videos presented to search queries “repeatedly delivered videos containing false claims in the first 20 results, often within the first five. Google, by comparison, provided higher-quality and less-polarizing results, with far less misinformation.” A TikTok spokesperson said the video sharing app does “not allow harmful misinformation, including medical misinf

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Retail Minded Works With The KENTUCKY RETAIL FEDERATION On Their INAUGURAL RETAIL RECHARGE CONFERENCE

Retail Minded

Lexington, Ky. – As the retail industry gears up for the 2022 holiday shopping season and looks ahead to another new year, the Kentucky Retail Federation (KRF) will host its inaugural Retail Recharge Conference presented by Yelp in Lexington on Tuesday, October 25, 2022. . The one-day conference will bring retailers and industry partners together for conversation, collaboration and learning.

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DOJ Creates Strike Force Teams to Investigate PPP Loan, EIDL Loan Fraud

Small Biz Trends

The Department of Justice recently announced three new Strike Force teams to combat and prevent fraud associated with Covid-19 relief funds. DOJ Creates Strike Force Teams to Investigate PPP Loan, EIDL Loan Fraud. Since their implementation, both organized and opportunist criminals have repeatedly attempted to defraud the Paycheck Protection Program, Economic Injury Disaster Loan program, and the Unemployment Insurance programs.

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3 disruptive retail trends, and why retailers must adapt

Retail Dive

The retail landscape is changing at an ever-increasing pace, enabling some retailers to gain competitive advantages.

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How To Craft Your Perfect Retail Tech Stack

Speaker: Jason Cottrell and Brian Walker

The era of all-in-one platforms is over. Now, retail success depends on integrating a blend of diverse technologies to thrive. As customers and stakeholders expect agility and innovation, how can you meet these expectations efficiently without stumbling into complexity? Explore a customer-centric approach to navigating digital transformation in retail.

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20 Places to Get Christmas Craft Supplies for Your Business

Small Biz Trends

Christmas is quickly approaching, and that means it’s time to start thinking about your business’ Christmas crafts before they run out. We’ve got you covered whether you’re looking for ornaments, wrapping paper, or anything else, with some of the best places to get Christmas craft supplies for your business. Why Your Business Needs Christmas Crafts Supplies.

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Puma debuts shoes, tights made from recycled materials

Retail Dive

The Re:Collection line is made with between 20% and 100% recycled materials and comes on the back of a biodegradable shoe launch earlier this year.

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How a Graduate School Dropout Built the $100 MBA

Small Biz Trends

I have always wondered if formal college and graduate school education were worth the price that an individual must pay especially at such an early stage in their career. The investment is oversized with the only bigger cost in life being buying a home. My next guest on The Small Business Radio Show says that anyone can start and run a business with the right information; no expensive college or graduate degrees required!

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Johnston Marklee installs villas inside industrial LA building for Holly Hunt Showroom

Dezeen

Architecture studio Johnston Marklee has installed a pair of villas inside an industrial building in Hollywood to create display spaces for design brand Holly Hunt. The LA-based studio collaborated with Holly Hunt 's executive creative director Jo Annah Kornak to create the showroom on North Highland Avenue. A vaulted villa is one of two volumes installed inside Holly Hunt's LA showroom.

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The Pragmatic Guide to Composability

Be empowered to master the digital landscape and implement modular and adaptable composable technologies. Authored by Orium, The Pragmatic Guide to Composability takes readers on a journey from composable’s beginnings to common misconceptions about the approach, then concludes with strategies for choosing implementations that result in quick wins to grow your ROI.