Fri.Jul 07, 2023

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Complex and costly: How retailers are moving away from single-use plastics

Inside Retail

The Australian retail scene is currently undergoing a significant transition away from single-use plastics. This transition has been guided by state and territory governments which have introduced various regulations to address the issue, as aligned with 2025 national waste and packaging targets. However, as yet there isn’t a federal regulatory framework – rather, it’s being approached on a state-by-state basis.

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Serta Simmons Exits Chapter 11 With Plans for an Updated Product Portfolio

Retail TouchPoints

Serta Simmons Bedding (SSB) has concluded its financial restructuring and emerged from Chapter 11 with plans to “refresh the vast majority of its product portfolio” over the next 18 months, according to a company statement. The retailer also will increase its marketing investments and sharpen its brand positioning to better differentiate itself from others in the mattress space.

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Kmart to close Adelaide store, cull 100 jobs

Inside Retail

Department store Kmart Australia is set to close its Port Adelaide store in the coming months, resulting in 100 job losses. The closure decision followed what the retailer described as “a regular review” of its store network and the company believes there are other stores close enough to support all of its Adelaide customers. A Kmart spokesperson told Inside Retail that affected employees would be redirected to opportunities within the “wider Wesfarmers business” when the store close

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Wellful to Resurrect Jenny Craig as DTC Brand

Retail TouchPoints

Wellful has purchased the well-known weight loss brand Jenny Craig and plans to resume its operations this fall, using a DTC delivery model and the personalized coaching the brand is known for. Although Wellful also owns the Nutrisystem brand, Jenny Craig will be managed separately as an independent brand. Neither financial details of the purchase nor a more specific go-live date for the brand’s return were disclosed.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Hyundai Overtakes GM in U.S. EV Sales, But Tesla’s Dominance Continues

Retail Wire

Hyundai Motor Group overtook General Motors in U.S. electric vehicle sales in the second quarter of 2023, as the South Korean automaker’s Ioniq 5 and Kia EV6 models gained popularity. Hyundai sold 29,542 electric vehicles in the U.S. during the quarter, up 182% from the same period a year ago, according to data from InsideEVs.

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AWS to Invest an Additional $7.8B to Expand Ohio Facilities

Retail TouchPoints

Amazon will invest an estimated $7.8 billion by 2030 to expand its data center operations in Ohio, marking the second-biggest private sector company investment in the state, according to Ohio Governor Mike DeWine. The news comes as Amazon’s Web Services (AWS) division looks to grow its reach in the cloud-computing space, demand for which is expected to grow exponentially with advancements in AI and machine learning.

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Is Selling on Amazon the Cure for High Customer Acquisition Costs?

Retail TouchPoints

As more direct-to-consumer (DTC) brands face heightened competition and rising cost-per-acquisition rates online, many have disinvested in their branded ecommerce experiences and doubled down on unique brand opportunities found on marketplaces like Amazon. Global beauty accelerator SuperOrdinary has helped emerging brands drive growth through branded ecommerce and marketplaces — from Amazon and beyond.

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Why It Took a Civilian to Save the Military’s $85 Billion Retail Operation

Retail Wire

The military’s retail operation is a massive $85 billion enterprise that provides goods and services to service members and their families around the world. But for years, the operation was plagued by inefficiency and waste. That’s where retired Navy Captain John Thompson came in. In 2018, Thompson was tapped to lead a sweeping reform effort.

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One in three New Zealand retailers unsure they can survive

Inside Retail

Inflationary pressures, rising operating and freight costs coupled with ballooning retail crime continue to test business survival, says Retail NZ. The retail body’s latest Retail Radar report revealed that half of all retailers surveyed are “not expecting” to meet targets again in the third quarter of this year. Some 59 per cent of them did not meet targets during the past three months – a “substantial increase” when compared to the 44 per cent recorded in the previous quarter

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Sens. Warren, Booker Grill Bed Bath & Beyond on Severance Pay

Retail Wire

Sens. Elizabeth Warren (D-Mass.) and Cory Booker (D-N.J.) grilled Bed Bath & Beyond executives on Wednesday about the company’s decision to pay millions of dollars in severance to its former CEO, Mark Tritton, even as the company was struggling financially. The senators sent a letter to Bed Bath & Beyond’s board of directors asking for.

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Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

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AS Watson, Amorepacific deal to drive double-digit sales growth: CEO

Inside Retail

In June, AS Watson , the world’s largest international health and beauty retailer, and South Korean beauty company Amorepacific, signed an agreement to further solidify their partnership and collaborate in the K-beauty space. According to Malina Ngai, CEO of AS Watson for Asia and Europe, the strengthened partnership between AS Watson and Amorepacific is based on the success of their work together over the past four years.

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Petco Leverages Omnichannel Retail Solution in Latin America

Retail Wire

Petco, a leading pet retailer in the United States, is expanding its omnichannel retail solution to its stores in Latin America. The company is partnering with Infor, a leading provider of enterprise software, to implement a new retail management system that will enable Petco to provide a seamless shopping experience for its customers across all.

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Meta’s Threads swiftly signs up 30 million users, in clear threat to Musk-owned Twitter

Inside Retail

Meta’s Threads racked up more than 30 million sign-ups within about 18 hours of its launch, emerging as the first real threat to Elon Musk-owned Twitter, as it took advantage of its access to billions of Instagram users and a similar look to that of its rival. Dubbed as the “Twitter-Killer”, Threads was the top free app on Apple’s App Store in the UK and the US on Thursday.

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McDonald’s Removes Tomatoes from India Menus Due to Quality Concerns and Rising Prices

Retail Wire

McDonald’s India has removed tomatoes from its menus due to quality concerns and rising prices. The company said that the tomatoes it was receiving were not meeting its standards, and that the prices had become too high. The removal of tomatoes has affected a number of McDonald’s items, including burgers, wraps, and salads. Customers who.

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How Retailers Are Transforming Customer Experiences with Data & 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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Wilko seeks new funding as it plots CVA

Retail Gazette

Wilko is racing to secure fresh funding as it prepares to push ahead with its restructuring plan. The struggling value retailer is working with advisers as it strives to raise tens of millions in additional equity. It comes as Wilko works with property firm CBRE to pull together plans to undertake a CVA in order to reduce store rents. The retailer and its advisers at PwC have approached a number of potential specialist distress investors this week for funds to support its plans, according to Sk

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Allbirds Launches Carbon-Neutral Sneakers

Retail Wire

Allbirds, a leading sustainable footwear brand, has announced the launch of its first carbon-neutral sneakers. The new sneakers, called the M0. 0NSHOT, are made from a variety of sustainable materials, including merino wool, sugarcane-derived EVA, and recycled polyester. The M0. 0NSHOT sneakers are designed to have a net-zero carbon footprint. This means that the amount.

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Sephora to open second London store in Westfield Stratford City

Retail Gazette

Sephora is set to open a second location in London this November, just eight months after it unveiled its debut store. The beauty retailer is understood to be exploring a second branch at Westfield Stratford City in east London, WWD reported. The LVMH-owned retailer returned to the UK market after 18 years this year with a 6,000sq ft flagship space inside Westfield White City.

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Coca-Cola HBC Lifts Full-Year Profit Outlook

Retail Wire

Coca-Cola HBC, the world’s largest bottler of Coca-Cola products, has raised its full-year profit outlook, citing strong demand for its products and improved pricing. The company said that it now expects to deliver organic revenue growth of 6-7% in 2023, up from its previous guidance of 5-6%. It also expects to deliver adjusted earnings per.

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Forrester Report: Demystifying The Technical Functions of POS Solutions

Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.

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Amazon to offer custom deal feeds for Prime Day

Retail Dive

The e-commerce retailer is showcasing discounted products in shoppable videos and photos from influencers, customers and brands.

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Seamless Firewall Service Insertion in the Network with Cisco Catalyst Switches

Cisco Retail

The integration of information technology (IT) and operational technology (OT) systems, also known as IT/OT integration, is a crucial process in industries such as manufacturing, energy, and… Read more on Cisco Blogs

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Marcus & Millichap Arranges $4.6 Million Sale of Shopping Center in Durham, North Carolina

Shopping Center

Durham, N.C. — Marcus & Millichap has arranged the $4.6 million sale of Park Terrace, a 24,813-square-foot shopping center located in Durham. Situated on 2.7 acres, the property comprises 11 suites… The post Marcus & Millichap Arranges $4.6 Million Sale of Shopping Center in Durham, North Carolina appeared first on Shopping Center Business.

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Argos to close 100 stores across the UK within the next year

Retail Gazette

Argos is set to shutter 100 stores in the UK over the next year as it closes more locations starting next month. The retailer ‘s high street branches are being replaced by concessions inside owner Sainsbury’s. Locations in Cardiff and Newport will be the next to go, alongside branches in Hull, Grimsby and Scunthorpe, according to The Sun.

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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

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BuyBuy Baby stores likely closing after no buyers step forward

Retail Dive

But the retailer’s brand name will probably live on after a New Jersey-based company bid on its intellectual property.

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Call for nominations for Automation & Self-Service Awards

Retail Customer Experience

Formerly known as the Self-Service Innovation Awards, the Automation & Self-Service Awards will be presented during an awards ceremony at the Self-Service Innovation Summit Dec. 4-6 in Miami.

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Revolutionizing Partner Support: Black Belt’s Game-Changing Track Revamp

Cisco Retail

In today’s fast-paced digital landscape, businesses rely heavily on robust networking infrastructure to stay competitive and ensure smooth operations.

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FTC revs up money transfer case against Walmart

Retail Dive

The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.

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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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Small Businesses Run the World

LS Retail

©iStock/thanaphiphat Xero CEO Sukhinder Singh Cassidy says, “We believe small businesses run the world and as champions of small business, Xero is providing an opportunity for customers to apply for funding to take their next step. Whether that be to support a passion to become a more sustainable business, up skill employees, philanthropic work in the community, or integrating the latest AI into their business, the fund is here to help small businesses meet their dreams.

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Christmas Tree Shops to shutter 72 remaining stores

Retail Dive

Liquidation sales have already begun as the 1950s-era business winds down its footprint in bankruptcy.

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Sainsbury’s boss writes to shoppers to give assurance on price

Retail Gazette

Sainsbury’s boss Simon Roberts has written a letter to shoppers reassuring them over food prices. Penning an email, he said the grocer was aware customers were worried about the rising cost of living, and that it had a “responsibility” to do everything it could to support its clientele. He went on to assure the supermarket was “fully committed” to offering the best prices to shoppers.

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The Weekly Closeout: Snoop Doggie Doggs adds wholesale partners as the FTC takes on sponsored posts

Retail Dive

The celebrity pet brand can now be found at retailers like Kohl’s and Petco, while the FTC is cracking down on deceptive endorsements and reviews.

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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