Fri.Dec 23, 2022

article thumbnail

Three Strategies to Employ in 2023 to Boost Retail Profitability in Spite of Inflation and Economic Uncertainty

Retail TouchPoints

The post-COVID-19 retail recovery hasn’t quite gone according to plan. However, during the height of the global pandemic, brands showed that they’re not just able to quickly pivot to overcome roadblocks; in fact, many have been tremendously resilient in the face of extraordinary circumstances. Adapting to our current economic realities is no different — it will require a mix of creativity, technology and agility.

article thumbnail

Chick-fil-A gets fine for food-for-pay labor violations

Retail Wire

The Labor Department has fined a Hendersonville, N.C., Chick-fil-A location for violations of the Fair Labor Standards Act for giving workers meal vouchers instead of legal tender. The location also employed underage workers for the same task — directing customers through the drive-thru. The location has been directed to pay $6,450 in penalties and back-pay of $235 to the seven workers.

Location 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

In the News: Grants of $5,000 to $200K Available to Small Businesses

Small Biz Trends

As 2022 comes to an end, plans for starting 2023 in the best way possible have probably been put in place by all if not most small business owners. This should include taking advantage of the many different grants that are available from public and private organizations. So, as 2023 starts rolling around, make sure to keep an eye on all the grants that are available in your city, state and even nationally for a chance to get some capital.

article thumbnail

Stocks retreat on fears that U.S. economy will keep still running hot

Retail Wire

The Commerce Department’s last reading of the year, which tracked the economy between July and September, showed an increase in the gross domestic product (GDP) of 3.2 percent, indicating to Wall Street that the Fed may continue interest rate increases in efforts to tamp down inflation.

130
130
article thumbnail

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.

article thumbnail

SRS Arranges Sale of Crossroads Shopping Center in Metro Charlotte

Shopping Center

Statesville, N.C. — SRS Real Estate Partners’ Investment Property Group has brokered the sale of Crossroads Shopping Center, a 117,224-square-foot retail center located in the Charlotte suburb of Statesville. River City Capital purchased the center for an undisclosed price. Situated… The post SRS Arranges Sale of Crossroads Shopping Center in Metro Charlotte appeared first on Shopping Center Business.

article thumbnail

Yet-to-be opened Amazon Fresh stores are sitting idle

Retail Wire

Dubbed “zombie stores” by The Information, which first reported the predicament, about 7 Amazon Fresh stores around the country appear to be ready for operation but remain unopened, puzzling locals in their communities. According to the story, another 26 locations are in various phases of development, but no new Amazon Fresh locations have been opened since September of this year.

More Trending

article thumbnail

Fake red-soled Louboutins sold on Amazon could set precedent for accountability

Retail Wire

In a long fought dispute, a court in Luxembourg has cleared the way for shoe designer Louboutin to try to hold Amazon responsible for the sale of lookalikes of its iconic red-sole designs by third-party sellers in the online marketplace. The Court of Justice of the European Union (CJEU) said Amazon could rightfully be held accountable for trademark infringement.

article thumbnail

Space-age design informs Nodaleto shoe store by Rafael de Cárdenas

Dezeen

French shoe brand Nodaleto has chosen Miami as the location of its first US store, which New York studio Rafael de Cárdenas designed with sci-fi-influenced red and chrome interiors. The shop opened in Miami Design District during the city's art week earlier this month, starting a two-year lease in the 1,000-square-metre space (10,764 feet). Sculptural red seats run through the middle of the Nodaleto store.

article thumbnail

Apple offers lifesaver for procrastinators with two-hour delivery offer

Retail Wire

For those desperate for last-minute gifts, Apple says it can deliver “any in-stock Mac, iPad, iPhone, Apple TV, or Apple Watch” within two hours, available in “most metros” for a $9 delivery fee. Orders must be placed online by 12:00 noon on Dec. 24.

100
100
article thumbnail

7 Tips for Wholesale Inventory Management

Independent Retailer

U.S. consumers have been pulling back on clothing and durable goods as soaring inflation raises the cost of food and basic items. Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . Retailers were sitting on $739.5 billion of inventory in October, a 21% increase from last year, according to the U.S.

article thumbnail

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.

article thumbnail

Target recalls Pillowfort weighted blankets following children’s deaths

Retail Wire

Target is cooperating with the Consumer Products Safety Commission (CPSC) in the recall of about 204,000 Pillowfort Weighted Blankets and asking consumers who have the product to stop using them and contact Target for a refund. According to the CPSC release, young children “can become entrapped by unzipping and entering the blanket, posing a risk of death by asphyxiation. … A 4-year-old girl and a 6-year-old girl reportedly became entrapped in the cover of the weighted blanket and di

Consumer 100
article thumbnail

Guest Post: 2023 Top 5 Unified Communications Predictions

Hyken

This week, we feature an article by Mitel , a company that works with teams by supporting their communications and technology needs so that they can provide the best customer experience possible. They share their top 5 unified communications predictions for 2023. Predictable. It’s a word that organizations love to hear, but unfortunately, the past few years have been anything but.

article thumbnail

Survey: Workers on average want $73.7k to switch jobs

Retail Wire

Responding to a recent Federal Reserve Bank survey, workers on average said they would settle for no less than $73,700 to be enticed into switching jobs, an increase of $3,300 from last year and the highest average found to date by the poll. The averages for college grads was $92,100 vs. $59,800 for non-degree-holders. The number of workers quitting jobs has skyrocketed as of late — over 4 million quit their jobs per month this year.

100
100
article thumbnail

Armstrong Adds MetalWorks Lay-In Ceiling Panels

VMS

(PRESS RELEASE) LANCASTER, PA — Armstrong Ceiling & Wall Solutions has added MetalWorks Lay-In ceiling panels to its portfolio of ceiling systems specifically designed for use with its DynaMax suspension system. DynaMax is an aluminum structural grid system designed to support heavy point loads in data centers and other structural ceiling applications.

ATS 52
article thumbnail

Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, 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

article thumbnail

Rite Aid sees ‘opportunity’ to close more stores in 2023

Retail Wire

Rite Aid’s struggle to hold its ground against CVS and Walgreens was evident in the company’s $67 million quarterly loss reported on Wednesday. Speculating on more store closings — following the 145 stores the chain shuttered in 2021 — Rite Aid Exec VP and CFO Matt Schroeder told analysts on its earnings call, “It’s not nearly the size of the opportunity that we had this year.

100
100
article thumbnail

Colliers Brokers Sale of Newly Constructed Retail Building in Metro Milwaukee

Shopping Center

Greendale, Wis. — Colliers has brokered the sale of a newly constructed retail building on 76th Street in Greendale, a southern suburb of Milwaukee. The property is fully leased to Summit Credit Union, AT&T, Crumbl Cookies and Tropical Smoothie Café.… The post Colliers Brokers Sale of Newly Constructed Retail Building in Metro Milwaukee appeared first on Shopping Center Business.

article thumbnail

An Electronic Bill of Lading (eBL) Would Save $6.5 Billion in Direct Costs and Enable $40 billion in Global Trade

LS Retail

©iStock/nazarkru Trade finance can be a huge booster to global trade—to make it accessible by ensuring that importers receive their goods and exporters receive their payments. But the core ecosystem—exporters, importers and banks—is complicated with multiple parties involved in a single transaction. But according to a CEO of a global trade finance network, there are three factors at play that he thinks will reshape the future of trade finance. 1.

Finance 73
article thumbnail

University Avenue Partners Acquires 51,149-Square-Foot Mixed-Use Property Near San Francisco

Shopping Center

San Ramon, Calif. — University Avenue Partners has purchased a mixed-use property located in San Ramon, approximately 40 miles east of San Francisco. Terms of the transaction were not released. At the time of sale, the 52,149-square-foot property was 90… The post University Avenue Partners Acquires 51,149-Square-Foot Mixed-Use Property Near San Francisco appeared first on Shopping Center Business.

article thumbnail

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.

article thumbnail

How to Create a One Page Marketing Plan – Use Our Free Template!

Small Biz Trends

Only 50% of small business owners have a marketing plan for their business. Maybe that’s because they think that it has to be this long and complicated document. Well, it doesn’t. In this guide, you’re going to learn how to streamline your marketing efforts and increase your chances for marketing success by using a simple one-page marketing plan template.

Planning 136
article thumbnail

Northpath Investments Sells 177,752-Square-Foot Pennsylvania Retail Center

Shopping Center

Burnham, Pa. — Northpath Investments has sold Lewistown Plaza, a 177,752-square-foot retail center located in Burnham. Axiom Realty acquired the property, which was 94 percent occupied at the time of sale. Weis Markets anchors the center, which features tenants including… The post Northpath Investments Sells 177,752-Square-Foot Pennsylvania Retail Center appeared first on Shopping Center Business.

article thumbnail

FNRP Purchases 289,000-Square-Foot Shopping Center in Central Pennsylvania

Shopping Center

Williamsport, Pa. — First National Realty Partners (FNRP) has acquired Loyal Plaza, a 289,000-square-foot shopping center located in Williamsport. A 67,000-square-foot Giant Food anchors the property, which is leased to tenants including Hobby Lobby, Planet Fitness, Rite Aid, Advance Auto… The post FNRP Purchases 289,000-Square-Foot Shopping Center in Central Pennsylvania appeared first on Shopping Center Business.