Tue.Nov 21, 2023

article thumbnail

Navigating shifting tides of 2023 holiday shopping trends

Retail Customer Experience

As shopper spending undergoes yet another transformation this year, retailers hold the key to making this holiday season beneficial (and profitable) for shoppers, shareholders and suppliers’ brands by adapting to the shopper’s life and her perception of value.

article thumbnail

Consumers warned of overpricing as synthetic diamonds price plummets

Inside Retail

Consumers may be paying more for synthetic or lab-made diamonds that are less valuable than they seem, according to the latest research from Rapaport. The cost of synthetic diamonds is crashing, dropping as much as 98 per cent lower than standard pricing. However, some retailers still charge the same high prices for synthetic diamonds as for natural diamonds.

Consumer 258
Insiders

Sign Up for our Newsletter

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

article thumbnail

When Customers Aren’t Holiday Shopping, They’ll be Streaming

Retail TouchPoints

The winter holiday season is a critical time for retail. November and December holiday sales average around 19% of total retail sales, per the NRF , and this share can be even higher for some department stores and specialty retailers. Emarketer anticipates that holiday retail sales will grow 4.5% this year to surpass $1.3 trillion. The stakes have never been higher!

Shopping 258
article thumbnail

Miniso records “best quarter” yet as revenue soars 37 per cent

Inside Retail

Chinese discount variety store Miniso posted unaudited revenue of US$519.6 million for the September quarter, representing a 36.7 per cent year-over-year increase. Sales from China were up 34.7 per cent to $342.1 million, primarily driven by a 41.2 per cent increase in revenue from Miniso’s offline stores and a 46.1 per cent increase from Top Toy, the company said.

Marketing 246
article thumbnail

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.

article thumbnail

GoodwillFinds Adds Returns Capability to Better Compete with Other Resale Platforms

Retail TouchPoints

GoodwillFinds — the online ecommerce platform of the 120 -year-old nonprofit Goodwill — has teamed up with return assurance platform Seel to better “compete with other digital resale websites” by offering returns. GoodwillFinds customers can now purchase return assurance for any item, spanning every category on the site — from clothing and shoes to luxury and vintage items to electronics and housewares.

Returns 254
article thumbnail

Is Jim’s Beauty set to flop like Harley-Davidson perfume – or could it be branding genius?

Inside Retail

Jim’s Group – best known for Jim’s Mowing and Jim’s Plumbing – this week announced a surprising brand extension. It’s Jim’s Beauty , offering “professional beauty treatments in the comfort of your chosen space”. It’s surprising because Jim’s Group got its start mowing lawns, then extended into related businesses , including dog washing, pest control and roofing.

More Trending

article thumbnail

The problem with beauty advent calendars

Inside Retail

I’ve had a tumultuous relationship with the beauty advent calendar. Once, I had the idea to create one. That is the truth. After months and months of back and forth with an offshore manufacturer and an artist, 200 beauty advent calendars arrived in the office. The whole team hustled to fill each box with miniature beauty products, wrapping them individually in pretty pink tissue paper before placing them inside a beautifully designed, numbered box.

Shipping 238
article thumbnail

American Eagle Shares Plummet After Holiday Sales Forecast

Retail Wire

American Eagle saw its share price drop roughly 17% on Tuesday, sparked by a holiday projection that failed to meet market expectations.

Marketing 265
article thumbnail

Walmart Business Launches New Holiday Tools for SMBs

Retail TouchPoints

Walmart Business has spent the last year building out its solutions and services for SMB customers, including a dedicated membership offering and tailored app experience. Now Walmart is helping small businesses prepare for holiday office celebrations. Walmart Business has launched its Holiday Party Shop and Employee Gift Finder solutions, to help businesses and nonprofits prep for holiday parties so they can save time and money.

article thumbnail

Binance CEO Steps Down After $4 Billion DOJ Settlement

Retail Wire

The founder of Binance has resigned from his CEO post and agreed to plead guilty to the DOJ's anti-money laundering charges.

Finance 258
article thumbnail

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.

article thumbnail

‘Wowzers’: Abercrombie & Fitch posts stunning results in subdued market

Inside Retail

Abercrombie & Fitch Co has posted a double-digit increase in net sales for the third quarter that ended October 28, led by the sharp growth of the Abercrombie brand. The company’s net sales were up 20 per cent to US$1.1 billion (up 19 per cent on a constant currency basis), while total comparable sales rose 16 per cent. The Abercrombie brand’s sales jumped 30 per cent to $547.7 million, with Hollister up by 11 per cent to $508.7 million.

Marketing 173
article thumbnail

Southwest and American Airlines Strikes May Be Coming

Retail Wire

American Airlines flight attendants have asked for permission to strike, and Southwest pilots may be next.

264
264
article thumbnail

The Fragrance Shop Unveils Experiential Flagship Store on Oxford Street, London

Retail Focus

The Fragrance Shop, is thrilled to announce the grand opening of its brand new experiential flagship store on Oxford Street, London. This 2,300 sq ft store, the first of its kind, promises an unparalleled fragrance shopping experience like no other. Located on the vibrant Oxford Street, The Fragrance Shop’s flagship store sets a new standard in fragrance retail.

Shopping 162
article thumbnail

Surprise, delight, repeat: your expert guide to email audience segmentation

Inside Retail

Many retailers perceive email and SMS marketing as merely a means to create sales opportunities or build brand awareness. But smart retailers know that creating memorable, personalised interactions can foster long-term customer loyalty by building genuine engaged relationships with customers. By using audience segmentation , retailers can create experiences that surprise and delight customers, turning them into raving fans.

Apparel 130
article thumbnail

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.

article thumbnail

Need short-term graphics? Then you need Dorotape

Retail Focus

Every retailer, and every graphics installer, has the need for short-term, self-adhesive window and wall graphics that are easy to remove without leaving any adhesive residue. New Year’s sales are a perfect example of one of those times. We’re happy to report that Dorotape have the perfect solutions. Easy to remove self-adhesive graphics from two market-leading manufacturers.

article thumbnail

“We want a presence across key airports in APAC”: Lego’s regional president

Inside Retail

Earlier this month, the Lego Group marked its entry into the travel retail space in Singapore with the opening of two Lego Airport Stores at Singapore Changi Airport. Located at Terminals 3 and 4, the new stores showcase the brand’s ‘retailtainment’ concept, which aims to inspire creativity, build brand love and encourage hands-on play. Both stores will display the Singapore-exclusive HSBC Rain Vortex – the world’s tallest indoor waterfall located in Jewel Changi Airport.

Kiosk 130
article thumbnail

Here’s How To Get Lower Prices on Black Friday Deals

Retail Wire

By stacking coupons, watching for sales, and using browser extensions that add even deeper discounts, shoppers can find Black Fridays deals with a little legwork.

Shopping 130
article thumbnail

Ikea launches mattress recycling scheme in the UK

Retail Gazette

Ikea has launched a new mattress removal and recycling scheme as part of its sustainability efforts. The home furnishings retailer’s latest initiative will transform old mattresses into raw materials, which can then be used for new products. Customers are required to book a collection for their mattress, either online or in-store for £40 per item.

article thumbnail

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.

article thumbnail

Regional Rail Workers Consider a Potential SEPTA Strike

Retail Wire

A segment of the Southeastern Pennsylvania Transportation Authority (SEPTA) broils with discontent as two unions are considering a strike.

130
130
article thumbnail

What to expect this Black Friday, Cyber Monday

Retail Dive

Retail sales and seasonal budgets this year are expected to rise, but consumers anticipate buying fewer gifts with less bang for their buck.

Consumer 133
article thumbnail

Listeria Outbreak Linked to Stone Fruits Kills 1 and Hospitalizes 10

Retail Wire

A Listeria outbreak has proven deadly, as one person died and 10 were hospitalized after eating peaches, nectarines, and plums.

article thumbnail

Kohl’s CEO shifts focus back to stores: ‘The digital business is really what’s bringing us down’

Retail Dive

The department store notched more declines in Q3. But store comps were stronger, thanks in part to its Sephora partnership, and margins grew.

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

Detroit Casino Workers Reach Historic Agreement, Yet Strike Continues

Retail Wire

2,100 Detroit casino workers have approved a contract proposal, bringing a 34-day strike to a halt for two of three casinos.

130
130
article thumbnail

M&S chairman: Self-checkouts are behind middle class shoplifting

Retail Gazette

M&S chairman Archie Norman has claimed faulty self-checkouts are behind shoplifting “creeping in” among the middle classes. The former MP said customers were tempted to leave without paying when the machines failed to scan products. The M&S chair told The Telegraph : “With the reduction of service you get in a lot of shops, a lot of people think: ‘This didn’t scan properly, or it’s very difficult to scan these things through and I shop here all the time.

Checkout 109
article thumbnail

A Single Bottle of Macallan Adami Whiskey Sold for $2.7 Million

Retail Wire

In a Sotheby's auction in London, a rare 1926 Macallan Adami single-malt whiskey sold for $2.7 million.

130
130
article thumbnail

Colour-drenched coffee shop by Uchronia references "sunsets in the Tunisian desert"

Dezeen

Gradated lava stone flooring and suspended planet-like orbs feature at the Cafe Nuances coffee shop in Paris , which was created by Dezeen Awards -nominated studio Uchronia. Located on the city's Rue de la Tremoille, the coffee shop is the third Uchronia -designed branch for Parisian coffee roaster Cafe Nuances. Cafe Nuances' latest branch has a bright white facade The one-room shop is fronted by a bright white facade in stark contrast to its vivid-hued interior.

Shopping 110
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

Venmo and Cash App Users Sue Apple Over Antitrust Laws

Retail Wire

Apple finds itself at the center of an antitrust lawsuit against Venmo and Cash App users.

ATS 130
article thumbnail

Detecting Obfuscated Command-lines with a Large Language Model

Cisco Retail

In the security industry, there is a constant, undeniable fact that practitioners must contend with: criminals are working overtime to constantly change the threat landscape to their advantage.

98
article thumbnail

Holiday shoppers to spend an average $875 this season: NRF

Retail Dive

While the apparel category has seen mixed results this year, it will be a popular gift choice, according to a new survey.

Apparel 124
article thumbnail

Powering Observability at Scale with Telemetry

Cisco Retail

Four telemetry pillars for clarity from a torrent of signals In this hyper-connected age of distributed applications, when users face poor digital experiences, they do not care much about what is… Read more on Cisco Blogs

ATS 93
article thumbnail

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