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.

Fashion 246
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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

Grocer 246
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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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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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Retail Reset: Dealing with a Tight Labor Market While Keeping Existing Frontliners Happy

Retail TouchPoints

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.

Marketing 246
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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.

Consumer 246

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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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What’s Driving Skincare Brand Bubble’s Explosive Growth? Its Community of Gen Zers

Retail TouchPoints

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.

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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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Guide to Business Writing

Everything you need to know about better business writing in one place. This is a complete guide to business writing — from a clear business writing definition to tips on how to hone your business writing skills.

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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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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.

Planning 130
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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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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Kelly Goetch, 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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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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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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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.

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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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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 104
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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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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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Walmart Canada turns to automated AI solution to curb out-of-stocks

Retail Dive

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.

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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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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 104
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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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Retail's Next Frontier: Exploring and Proving the Value of AI

AI is everywhere. It’s in customer service interactions, product recommendations, marketing outreach, and yes, even commerce experiences. But not every use of AI provides the same value to your brand. In this masterclass, experts from Constructor, commercetools, Contentstack, and Orium discuss how AI can complement your composable tech stack and help bring in immediate ROI.

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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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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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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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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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2024’s Retail Odyssey: Going Small, Artificial, and Augmented!

Speaker: Kelly Goetsch - Chief Strategy Officer at Commercetools | Jason Cottrel - CEO & Founder at Orium | and guest speaker Brendan Witcher - VP, Principal Analyst at Forrester

Significant modifications are on the horizon for digital commerce in retail and customer experience come 2024. The pace of tech shifts will intensify, businesses are set to defund legacy solutions, and attractive opportunities will surface as social and retail media players join forces. To stay ahead of the curve, digital leaders are experimenting with less risky initiatives and scaling back on outdated projects that no longer yield impactful results.