Retail TouchPoints
JULY 13, 2022
Secondhand furniture reseller Kaiyo has introduced its services on the West Coast with a launch in Los Angeles following its generation of $36 million in Series B funding. This most recent round brings the company’s funding to nearly $50 million , which will support Kaiyo’s expansion beyond Northeast U.S. cities including New York, Philadelphia, Baltimore and Washington, D.C.
Inside Retail
JULY 13, 2022
Sunglasses retailer Soda Shades has been placed in administration, a victim of the global supply-chain crisis. . KordaMentha Restructuring, as voluntary administrator, has begun a sale process for the business, which sells eyewear on its own website, as well as through online fashion retailers including The Iconic. . The brand was once part-owned by social media influencer and entrepreneur Steph Claire Smith and her partner Josh Miller.
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Retail TouchPoints
JULY 13, 2022
Color isn’t what we think it is. The idea that many designers believe colors such as green or blue are able to evoke some sort of hyper-specific emotion in any given retail environment is shocking. Using a hybrid lens in both sensory design and neuroscience, designers may unlearn, reequip and apply color science insights that lead to measurable behavioral outcomes.
Inside Retail
JULY 13, 2022
Interest in the collapsed Sneakerboy Group is running high, with the administrator already receiving 36 expressions of interest. Sneakerboy, which sold upmarket footwear and streetwear, including luxury label sneakers for upwards of $1500, entered administration on July 1, with Stephen Dixon of Hamilton Murphy Advisory subsequently appointed administrator. .
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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.
Retail TouchPoints
JULY 13, 2022
Bulletin , a wholesale marketplace connecting over 3,000 independent brands with more than 26,000 retailers, has been acquired by Emerald Holding , the owner and organizer of NY NOW , the wholesale market for retail where brands, buyers and designers gather to connect and discover. All Bulletin employees will join Emerald as part of the acquisition, including co-founders Alana Branston and Ali Kriegsman.
Tokinomo
JULY 13, 2022
Nowadays, competition is fierce in most industries, including the retail sector. That’s why brands are trying their best to stay on top of the competition. Some brands focus on creating and selling new products that are trendier, like plant-based products. Other brands try to focus on their best-selling products.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
JULY 13, 2022
On Tuesday, the Australian government’s privacy watchdog opened an investigation into retail giants Bunnings and Kmart over their use of facial recognition technology in stores. The move followed a complaint by the consumer advocacy group Choice , which called the technology invasive and unwarranted. The complaint also named The Good Guys, which has since paused its use of facial recognition in stores. .
Retail TouchPoints
JULY 13, 2022
Denim and sportswear brand True Religion has hired its first Chief Financial/Chief Operating Officer with the appointment of Sandip Grewal. Grewal, who entered the role effective July 5, reports to True Religion CEO Michael Buckley. With Grewal’s appointment, True Religion hopes to reach a $500 million revenue goal. In March, True Religion appointed Scott McCabe as its SVP of Ecommerce as part of its plan to triple online revenues and achieve 50% ecommerce sales by 2025 through transforming into
Inside Retail
JULY 13, 2022
Retailers in Australia are facing an urgent and increasing problem with theft. The Australian National Retail Association estimates casual theft to have been responsible for industry losses of around $9 billion just last year – and with only an estimated 20 per cent of incidents recorded, the problem could be much larger in scale. With a correspondingly high incidence of assault and violence reported in retail stores, protecting the safety of staff and customers is just as much of an issue as th
Retail TouchPoints
JULY 13, 2022
99 Cents Only Stores is launching a new app to enable connected in-store shopping experiences with multi-language capabilities at all 382 locations in California, Texas, Arizona and Nevada. The app, which was created in partnership with Swiftly , aims to provide customers with enhanced mobile shopping experiences and generate new advertising revenue for the retailer.
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.
Inside Retail
JULY 13, 2022
Alibaba’s Australia-NZ chief Maggie Zhou steps down. The CEO of Alibaba’s Australian and New Zealand operations, Maggie Zhou, is to leave the company after 22 years. One of the early employees of Alibaba after it was founded in China, Zhou relocated to Melbourne in 2016 to head up the Australian business and has subsequently played a leading role in helping businesses from Australia and New Zealand join the platform and expand their reach to the e-commerce giant’s 1 billion Chinese customers.
Retail TouchPoints
JULY 13, 2022
Right now, as business leaders, we are facing a myriad of crises — the war in Ukraine, the cost-of-living crisis in most Western nations, the so called ‘great resignation,’ the inequality crisis and, in my view the biggest of them all, the climate crisis. The climate crisis cannot be addressed without a lead from governments across the globe, but businesses have a crucial role to play too.
Inside Retail
JULY 13, 2022
Tony Nash, the founder of online book retailer Booktopia, was last night ordered by the board to step down immediately, even as a search for a new CEO has yet to be completed. In a statement filed with the ASX, chairman Chris Beare said Nash – who built a $240 million business from scratch – would receive compensation of $375,000 as part of a bonus he was to otherwise receive related to the 2021 financial year.
Retail Wire
JULY 13, 2022
Inventory levels are high for almost all retailers but especially at larger chains, according to industry experts. “You could look at an inventory-to-sales ratio and say, ‘Oh, they look like they’re doing OK,’” said Nikki Baird, vice president of strategy at Aptos. “But what’s happening under the covers is they’re way overstocked in these categories, and they’ve sold out on these, and they still can’t get a lot more of the things that are moving fast.”.
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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.
Inside Retail
JULY 13, 2022
Transitioning into adulthood, All Citizens founder Danny Charbonnet went shopping for underwear in New York for the first time a few years ago. A rude shock awaited. Among the 50-odd brands, there were only two categories of underwear at that time. The first was a hugely expensive and comfortable one, while the second class of men’s underwear was the pocket-friendly option, with inferior quality.
Retail Wire
JULY 13, 2022
The prices that Americans pay for goods rose 9.1 percent year-over-year in June, according to the Bureau of Labor Statistics. Rising gasoline prices, which topped an average of $5 a gallon in June, were a big driver of inflation. Prices have been coming down in recent weeks with the average gallon of gas costing $4.63, according to AAA.
Inside Retail
JULY 13, 2022
Australian omnichannel direct-to-consumer retailer Institchu has been offering made-to-measure suits since it launched 10 years ago, but now it’s on a growth trajectory, with the launch of its software-as-a-service product, Taper, and entry into new product categories. We chat with co-founders Robin McGowan and James Wakefield to find out what’s next for the business.
Small Biz Trends
JULY 13, 2022
In November 2021, a record 4.5 million American workers quit their jobs, part of a trend that has become known as the Great Resignation. Many workers leaving employment are turning to freelancing. Some choose self-employed gig work to supplement incomes, others because it allows them to work flexibly and pursue their passions with better pay. Employers should be mindful of the growing demand for flexible, freelance work.
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
Inside Retail
JULY 13, 2022
Modest fashion has been making a splash on the high streets, online and the catwalk in several markets around the world. Recently, global fashion brand Boohoo, entered the modest fashion space, and its latest collection was designed by 20-year-old student Sameera Mohmed, off the back of a collaboration with Graduate Fashion Week. “The collection was designed by Sameera based on her approach to the original brief.
Cisco Retail
JULY 13, 2022
According to the UITP World Metro Figures 2021 report, approximately 3,300 km of new rail infrastructure was put in service between the start of 2018 and the end of 2020. This represents an infrastructure growth of 25% globally. During this timeframe, operational fleets worldwide increased by 28,000 vehicles to a total of 140,000 vehicles. In 2019, an average of 190 million passengers per day were taking the metro globally.
Inside Retail
JULY 13, 2022
Kathmandu parent KMD Brands has reported a record winter promotional period in Australia with second-half gross margins well above last year. In a trading update KMD Brands said that despite the Omicron outbreak impacting trade in its two core markets Australia and New Zealand – especially during the third quarter to the end of April – overall same-store sales at Kathmandu were up by 7.3 per cent year to date, and of Rip Curl by 2.1 per cent.
Small Biz Trends
JULY 13, 2022
Loan approval rates continue to slowly rise, with Small Banks and Alternative Lenders seeing the strongest growth during June. Of all lenders, loan rates only decreased with Credit Unions, and that was just a 1% decrease. “We are nowhere near pre-pandemic approval percentages, however,” said Biz2Credit CEO Rohit Arora. “Still, these are positive signs.” “Rising labor costs, combined with 8.6% inflation in May, continue to put a financial crunch on small companies,&#
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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.
Cisco Retail
JULY 13, 2022
Modern businesses rely on network connectivity, including across the Internet and public cloud. The more secure, stable, and reliable these networks are, the better the user experience is likely to be. Understanding WAN performance, including Internet transit networking and how it affects application delivery, is key to optimizing your network architecture and solving business-impacting issues.
Retail Wire
JULY 13, 2022
Prime members spend an average of $1,400 a year compared to $600 for nonmembers. Members spend $139 for an annual membership that gets them free fast shipping and other perks.
Retail Dive
JULY 13, 2022
With underperformance across its brands, many of the retailer’s problems are self-inflicted. But others are a sign of broader trouble in apparel.
Retail Wire
JULY 13, 2022
PepsiCo is currently passing along higher costs to its customers believing that those who purchase its drinks and beverages will not be put off in the process. That doesn’t mean that it will continue to do so forever. “As inflation keeps going up,” Ramon L. Laguarta, PepsiCo’s CEO said, “we’re going to have to be super agile and very precise on the choices we make with the consumer.”.
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
Small Biz Trends
JULY 13, 2022
Have you seen what’s on your credit report and do you know your credit score? Many people don’t, and that’s a problem. Your score is one of the most important numbers in your life. If you’re not happy with your score, it’s important to know how to fix your credit. In this article, we’ll discuss how to fix your credit score.
Retail Wire
JULY 13, 2022
Starbucks is closing 16 stores located in Los Angeles, Philadelphia, Portland, OR, Seattle and Washington, DC, after incidents led the company to the conclusion that it could not adequately protect staff and customers.
Small Biz Trends
JULY 13, 2022
The IRS has renewed calls for tax professionals to be vigilant of new and ongoing threats aimed at the tax system and taxpayer data. IRS Urges Tax Preparers to Guard Clients’ Personal Data Against Identity Theft. The effort to encourage tax professionals to take steps to help prevent data theft begins with the Security Summit’s annual summer campaign focused on the tax community.
Retail Wire
JULY 13, 2022
Roland Smith has been named executive chairman of Black Rifle Coffee Company, effective immediately. Mr. Smith, the former CEO of Office Depot and Wendy’s, is expected to work with the coffee company’s c-suite to open more brick-and-mortar locations.
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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.
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