Mon.Apr 24, 2023

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Reaching Gen Z and Millennials: What Brands Need to Know About Creator Guided Shopping

Retail TouchPoints

Creator-guided shopping is booming, with no signs of slowing down. With U.S. retail social commerce projected to reach $80 billion by 2025, according to Insider Intelligence , more consumers, especially Gen Z and millennial shoppers, are turning to creators to help with their purchase decisions. In fact, 92% of Gen Z — a group that will make up the largest consumer segment by 2030 [1] — rely on creators to inform their purchases across virtually every category.

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Europe’s Premier Invitation-only Event for Senior Customer Experience Leaders in Retail

Retail Focus

The 11 th year of the CX Retail Exchange , 11-12 July 2023, will invite senior customer experience leaders in retail to the Hilton, Syon Park, to explore the biggest challenges and solutions in the industry. When the event launched a decade ago, there were no self-service checkouts, QR codes were non-existent, and same-day delivery was unheard of.

Insiders

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Walmart’s Baby Selection isn’t Just for Little Ones — Mom’s Needs are Key as Well

Retail TouchPoints

Baby retail isn’t just about the babies themselves. As the saying goes, it takes a village — and everyone in that village needs things to help raise the child. Combine that with an increasingly varied population, with 50% of babies born in the U.S. today ethnically diverse, and you end up with a baby category that is much broader than it’s ever been.

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Customer Reviews: Why They’re Important & How to Get More

Wiser

For many shoppers, online reviews are crucial when making purchasing decisions. Whether it’s restaurants, big chains, local businesses or anything in between, shoppers turn to ratings and the testimony of other customers to lead them in the right direction. Some customers ask their friends and family directly for recommendations, but others often turn to Yelp, a common customer review site, Google, or social media to read up on reviews.

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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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ThredUp’s Resale-as-a-Service Builds Momentum with 3 New Brands, Fabletics Expansion

Retail TouchPoints

As brands increasingly look to resale to build their sustainability credentials, ThredUp ’s white label resale-as-a-service (RaaS) is proving to be an appealing plug-and-play option for retailers. In the leadup to Earth Day, American Eagle , Toms and The Sak all added new resale programs powered by ThredUp’s RaaS, and Fabletics has expanded its existing RaaS resale program to include a secondhand shop on its website.

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Coles Liquor CEO Darren Blackhurst resigns to return to the UK

Inside Retail

Darren Blackhurst, CEO at Coles Liquor, has decided to step down from his role and leave the company to return to the UK with his wife, Sam, to be with their children and elderly parents. According to a company announcement, during Blackhurst’s tenure, he led the reset of Coles Liquor’s strategy, creating a more accessible and locally relevant specialist drinks retailer.

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Tiffany, now owned by LVMH, reopens on a Fifth Avenue in flux

Inside Retail

Source: Tiffany & Co The splashy reopening of Tiffany & Co’s flagship store on the corner of Fifth Avenue and East 57th Street is a renovation representing the billions of capital investment in one of New York City’s most iconic shopping districts. Real estate experts say the flow of cash is part of a bid to re-imagine an area of Midtown that extends from 49th Street to the Plaza Hotel and includes Fifth and Madison Avenues.

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Bed Bath & Beyond Prepares to Wind Down Operations in Chapter 11

Retail TouchPoints

Bed Bath & Beyond has filed for Chapter 11 bankruptcy protection and will implement an orderly wind-down of its businesses while “conducting a limited marketing process” to find one or more buyers for some or all of its assets. The retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to provide the necessary liquidity to support operations during the Chapter 11 process.

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Most corporate economists do not expect a U.S. recession in the next year

Retail Wire

Fifty-four percent of corporate and trade group economists put the odds of a recession hitting the U.S. over the next 12 months at 50 percent off less, according to a survey by the National Association of Business Economics. The NABE poll found that 44 percent thought there was a better-than-even chance of a recession.

ATS 130
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Why Walmart’s EDLP Strategy is a Game-changer

Intelligence Node

As inflation continues to impact businesses and consumers alike, the need to keep pricing low has become increasingly important. Walmart is one of the world’s largest retailers, recognized globally for. The post Why Walmart’s EDLP Strategy is a Game-changer appeared first on Blog.

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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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Shein and Temu face scrutiny as they grow more popular in the U.S

Retail Wire

The success of the Shein and Temu shopping apps has led to increased scrutiny concerning the companies’ ties to China, their labor practices and the environmental impact of their business models. Shein issued a statement that it has “been providing customers with on-demand and affordable fashion, beauty, and lifestyle products, lawfully and with full respect for the communities we serve,” for more than a decade.

Fashion 130
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Party City to close 9 more stores as it preps to go private

Retail Dive

The party merchandise retailer said the pandemic “consumed vital liquidity” and contributed to the decision to seek Chapter 11 protection.

Consumer 118
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Companies set up student debt repayment programs as an employee perk

Retail Wire

Companies of all sizes are setting up tax-exempt programs to enable workers to pay down student loans as part of their recruitment and retention strategies.

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Simplify Your Security Operations with Cisco XDR, Launching at RSAC

Cisco Retail

News flash: adversaries don’t care about vendor consolidation. In fact, they are counting on the lack of integration across your security stack to slip through the cracks and evade detection.

ATS 98
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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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Delaware is the latest state to legalize weed

Retail Wire

Delaware has become the 22nd state to legalize marijuana for recreational use. The bill, which passed both houses of the Delaware legislation, will become law without the signature of Gov. John Carney, who opposed the measure. “I understand there are those who share my views who will be disappointed in my decision not to veto this legislation.

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Bed Bath & Beyond, finally in Chapter 11, is going out of business

Retail Dive

The struggling home goods retailer has been searching for a buyer since last year to no avail, and, after much delay, filed for bankruptcy Sunday.

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Subway’s comps jump as it searches for a buyer

Retail Wire

Subway is looking to sell its business amid signs that a turnaround plan at the sandwich chain is working. The company posted a 12.1 percent gain in same-store sales in the most recent quarter. Subway’s North America digital sales were up 21.2 percent during the quarter.

Planning 100
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Marcus & Millichap Brokers $35.1 Million Sale of Midwest Arby’s Portfolio

Shopping Center

Iowa, Montana, North Dakota, Nebraska and Wisconsin — Marcus & Millichap has brokered the sale of a 22-property portfolio occupied by Arby’s in the Midwest for $35.1 million. The net-leased assets are located in Iowa, Montana, North Dakota, Nebraska and… The post Marcus & Millichap Brokers $35.1 Million Sale of Midwest Arby’s Portfolio appeared first on Shopping Center Business.

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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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Microstressors can grow into performance killers

Retail Wire

Prolonged exposure to minor stressors left unchecked can grow into significant problems for business organizations. These include working in misaligned environments where workers are consistently forced to put out metaphorical fires. Workers in these situations either fall behind on other jobs or go to herculean lengths to get everything done.

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Tools Gold! Sifting Through the Pool of DevOps Tools

Cisco Retail

Have you had a chance to check out the DevOps Shop video series? The first four installments in the series are out now. Let me tell you about it.

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Study says remote workers are missing supervision

Retail Wire

A potential downside of working in an office is missing the direct supervision that comes with it, particularly for employees who are new to the workforce. “It’s hard to replicate the opportunities for apprenticeship and learning that come from in-person interactions,” said Sara Wechter, head of human resources at Citi.

ATS 100
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8 Features of a Great Shopper Marketing Plan

Shopperations

The discipline of CPG marketing has become more technical, complex, and dynamic than ever. Expectations for shopper marketing plans have also evolved.

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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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Walmart sells Eloquii plus-size women’s fashion business

Retail Wire

Walmart has sold Eloquii to FullBeauty Brands after paying $100 million to acquire the plus-size women’s fashion business in 2018. Industry experts expect Walmart to focus on retail media, business services and other profitable growth opportunities. “Walmart’s product-based businesses will play a decreasing role going forward as a new world of opportunity beckons, much of it tied to Walmart’s growing solutions and services portfolio,” said Carol Spieckerman, preside

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Navigating the Trends and Challenges of Customer Loyalty Programs in Retail

RETAIL MANAGEMENT SOFTWARE

In today’s fast-paced retail landscape, customer loyalty has become a critical factor in business success. With increased competition and changing consumer behaviors, retailers must stay ahead of the curve by implementing effective customer loyalty programs. However, navigating the ever-changing trends and challenges associated with loyalty programs can be difficult.

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?ura partners with Best Buy

Retail Dive

The wearable technology company’s smart rings will be available at 850 of the retailer’s stores nationwide and online.

ATS 114
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XDR and the Importance of Cross-Domain Correlated Telemetry

Cisco Retail

It’s that time of the year again! Today kicks off the world’s largest security gathering, the RSA Conference.

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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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Men’s Wearhouse adds Snap AR lenses for virtual try-ons

Retail Dive

The fit technology embedded in the mirror will be introduced at select locations and comes ahead of the prom season.

Location 110
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Secure the Enterprise with Cisco at RSA

Cisco Retail

Wow, talk about a year going by in the blink of an eye. RSA Conference is here!

ATS 98
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Beyond Yoga continues retail expansion with 2 Los Angeles stores

Retail Dive

The activewear brand, which Levi’s acquired in 2021, is leaning on physical retail to help it become a $1 billion company.

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SodaStream saves five billion single-use plastic bottles from landfill In 2022

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! As part of its ongoing mission to protect the planet, SodaStream, the world’s leading sparkling water brand, has successfully saved five billion single-use plastic bottles from being used and sent to landfill in 2022 alone*.

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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