Tue.Oct 20, 2020

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Stein Mart Hires Hilco Streambank to Sell Off its IP

Retail TouchPoints

Off-price retailer Stein Mart , which filed for bankruptcy in August , has hired Hilco Streambank to put the brand’s intellectual property (IP) up for sale. Hilco Streambank will receive a percentage of the proceeds from a potential sale. Depending on who purchases the IP, a sale may allow Stein Mart to come back to life via ecommerce or even brick-and-mortar stores, following the same path as once-defunct retailers Toys ‘R’ Us and Charming Charlie , among others.

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Cashfree payments set to drive small business recovery in the retail sector, Tyl by NatWest data reveals

Retail Technology Review

More than a quarter, (24%) of British SME retailers have reported that all payments made to their business are already contactless as the sector adjusts to the rapid increase in e-commerce and online transactions, accelerated by the pandemic.

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David’s Bridal Buys Online Resource Rustic Wedding Chic

Retail TouchPoints

David’s Bridal has acquired online wedding resource Rustic Wedding Chic. Maggie Lord, the founder of Rustic Wedding Chic, will join David’s Bridal to lead strategic partnerships, reporting to Chief Marketing and IT Officer Kelly Cook. Earlier this year, David’s Bridal launched a suite of digital planning tools including the Wedding Checklist, a personalized, customizable Wedding Website, and the Vision Board.

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What Are the Differences Between Syndicated Data and Wiser Solutions Data?

Wiser

Data is essential in retail. Without it, retailers can’t reprice effectively or even understand how they stack up against competitors. But not all data is created equally. Some provide more general information on the overall market, while other datasets are customized based on your specific needs. This topic arose from a number of conversations our team has had over the years.

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From Data to Decisions: Maximizing Retail Potential with 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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Australian Solution Provider Raises $7.5 Million for Product Recognition Software

Retail TouchPoints

Tiliter , maker of a solution designed to recognize products without scanning barcodes, raised $7.5 million in a funding round led by Investec Emerging Companies. The proceeds will be used to accelerate Tiliter’s expansion across Europe and the U.S. The solution provider, which specializes in the use of AI, is currently focused on serving the supermarket vertical with a camera-and-software system that can automatically identify items such as fresh produce without the need for packaging or price

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The Logistical Nightmare Before Christmas: How to Avoid it

Retail TouchPoints

The 2020 holiday shopping season is anticipated to be remarkably different than any in recent years, especially when it comes to where people are expected to shop — online. With this in mind, delivery, logistics and distribution of inventory need to be top of mind for retailers. If current supply chain trends continue, Salesforce has forecasted that 700 million holiday gifts will likely not arrive on time this year.

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FedEx Adds 2,000 Stores to Retail Returns Network

Retail TouchPoints

FedEx will partner with Happy Returns to offer the solution provider’s in-person return service at more than 2,000 FedEx Office locations. The program, which will let shoppers return ecommerce orders from Happy Returns without a box or label, will launch in Los Angeles and expand across the country by the end of October. Shoppers can visit a retailers’ website or HappyReturns.com to receive the QR code necessary to complete the return.

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